Steel News

ArcelorMittal, Italy Reach Binding Agreement on ILVA Acquisition

16 June 2017 - ArcelorMittal and partner Marcegaglia said on Friday that they have reached a binding agreement with the Italian government on a plan to acquire ILVA.

Report: India's Central Bank Wants Essar Steel, 11 Others Ushered into Bankruptcy

16 June 2017 - India’s Essar Steel and Bhushan Steel reportedly are among 12 companies being recommended for bankruptcy by the country’s central bank, according to the Reuters news service.

NLMK Begins Trials on PCI-Equipped Blast Furnace

16 June 2017 - NLMK Group has initiated hot tests of a new pulverized coal-injection unit on the No. 6 blast furnace at its Lipetsk plant in Russia, the steelmaker has announced.

Cliffs Natural Resources Picks Site for HBI Plant

15 June 2017 - Iron ore miner Cliffs Natural Resources said it will invest US$700 million in a hot-briquetted iron plant close to the southwestern shore of Lake Erie.

Nucor Anticipates Softer Second-Quarter Profits

15 June 2017 - Nucor Corp. said it expects its second-quarter earnings to fall short of its first-quarter results as competitive pressure mitigates profits.

Bankruptcy Judge Approves Reorganization Plan for Essar Minnesota Project

14 June 2017 - A U.S. Bankruptcy Court judge has given approval to a plan that, if successful, will allow the stalled Essar Steel Minnesota taconite mine and pellet plant to proceed to completion, reports the Duluth News Tribune.

Commercial Metals Begins Divesting Marketing and Distribution Business

14 June 2017 - Commercial Metals Company plans to carve up and divest its international materials marketing and distribution business so that it can focus on its American and Polish steel mills, the company has announced.

Bayou Steel Announces New Sales Team Appointments

14 June 2017 - Bayou Steel Group is reconfiguring its sales team and has named a former Gerdau director to lead its sales efforts, the steelmaker has announced.

U.S. Line Pipe Producers Weighing Trade Action After Losing Major Order to Russian-Owned Company

12 June 2017 - U.S. line pipe producers said they are considering whether to file a trade complaint over Canadian-made large-diameter pipe after losing what they said is a US$100 million order to EVRAZ North America.

Judge OKs Stelco Sale

09 June 2017 - A Canadian judge approved Stelco’s restructuring plan and sale to U.S. investment firm Bedrock Industries Group on Friday, a decision that will allow the steelmaker to emerge from creditor protection as a standalone business.

ANDRITZ Receives Order for Two Reheat Furnaces

09 June 2017 - Austrian machine builder ANDRITZ has won an order for two walking beam furnaces from ArcelorMittal’s Burns Harbor steel works in the U.S.

Romanian Mill Puts New Plate Leveler Into Service

09 June 2017 - ArcelorMittal’s integrated steel works in Romania has put its new Danieli hot leveler into service, according to the equipment supplier.

Hot Demand From Solar Industry Prompts ArcelorMittal to Boost Production of Its Magnelis Steel

09 June 2017 - ArcelorMittal has expanded its capacity to make its Magnelis line of coated steel, adapting a hot-dipped galvanizing line in Spain to produce the product, the steelmaker has announced.

JSW Steel Plans Blast Furnace Overhaul, Closure

08 June 2017 - SMS group’s Paul Wurth division has won a contract to reline and expand the No. 3 blast furnace at JSW Steel’s Vijayanagar Works in the Indian state of Karnataka.

Charter Steel Partners With Primetals Technologies on Mill Expansion, Upgrades

08 June 2017 - U.S.-based Charter Steel has awarded a contract to Primetals Technologies for equipment related to its US$150 million engineered bar mill in Ohio.

Italian Government OKs ILVA Sale to ArcelorMittal-Led Group

06 June 2017 - A consortium led by ArcelorMittal has won the right to acquire Italy’s ILVA and its Taranto works, Europe’s largest steel facility.

ArcelorMittal Prepares to Introduce New Electrical Steel

02 June 2017 - ArcelorMittal said it will formally kick off sales of its second-generation iCARe electrical steels at this year’s Coil Winding, Insulation & Electrical Manufacturing Exhibition, which is being held later this month in Berlin, Germany.

A Steel Works Opens in India, and Another On the Way

02 June 2017 - India’s JSW Steel has won approval from the state of Odisha to build a US$7.8 billion steel works, reports the Indian newswire IANS.

U. S. Steel Announces Four Executive Appointments

01 June 2017 - United States Steel Corp. president and chief executive officer David B. Burritt has begun setting his management team, announcing new roles and duties for three current executives and the hiring of a fourth on Thursday.

Danieli Corus Tapped for Blast Furnace Reline

01 June 2017 - Danieli Corus has a won a contract to reline the No. 5 blast furnace at Severstal’s Cherepovets plant in Russia, the company has announced.