Steel News

U. S. Steel's Mario Longhi Steps Down, Announces June Retirement

10 May 2017 - United States Steel Corporation’s chief executive officer has stepped down and will retire from the company at the end of June, the steelmaker announced Wednesday.

voestalpine Sponge Iron Plant Shifts into Operating Mode

10 May 2017 - voestalpine's new hot-briquetted iron plant in Corpus Christi, Texas, USA, is now fully operational, and its final cost came in about US$10 million more than its last estimate, the steelmaker anounced Wednesday.

Commercial Metals’ New Mill Set for Late Fall Completion

09 May 2017 - Despite having to slog through inordinately wet weather, Commercial Metals Company’s new micro-mill in Oklahoma remains on track for a late fall start-up, executive vice president Tracy Porter said Tuesday.

Stelco Seeks Court Approval for Sale

08 May 2017 - Canada’s Stelco could emerge from creditor protection and officially come under new ownership next month, reports The Hamilton Spectator newspaper.

Steel M&A Picks Up as Prices Recover

08 May 2017 - Rebounding steel prices and capacity cuts in China have triggered a wave of mergers and acquisitions, and plants once considered worthless are now attracting attention from investors, reports the Reuters news service.

Indian Steelmaker Begins Offering Slag Sand

07 May 2017 - India’s Essar Steel has developed a slag-derived sand that could help satisfy demand for fine aggregates in construction, reports The Press Trust of India (PTI) news agency.

Three Killed in Steel Plant Accident

07 May 2017 - Three people were killed and three others were injured at an Indian steel mill after a ladle accidentally tipped and spilled 25 to 30 metric tons of molten metal, according to the Hindustan Times newspaper.

ArcelorMittal Receives One Tall Order for Steel

04 May 2017 - ArcelorMittal USA is providing the steel plate going into a 58-story New York skyscraper, the steelmaker said on Thursday.

Zoning Change Could Ruin Sale of Closed Mill, Says ArcelorMittal

01 May 2017 - A local zoning dispute has the potential to derail ArcelorMittal's plans to sell its shuttered wire rod mill in Georgetown, South Carolina, reports The Post and Courier newspaper.

Cliffs Natural Resources Sounds the NYSE's Closing Bell

01 May 2017 - In recognition of their company's 170th anniversary, Cliffs Natural Resources chairman and chief executive Lourenco Goncalves and the executive management team rang the NYSE's closing bell on Monday.

DRI Plant Still in the Works for Cliffs

28 April 2017 - Iron ore miner Cliffs Natural Resources said it remains committed to building a direct-reduction plant and intends to make preliminary investments in the project in 2018, chief executive Lourenco Goncalves said Thursday.

AK Steel Introduces Its Latest Advanced Steels to Automakers

28 April 2017 - AK Steel Corp. has delivered the first samples of its NEXMET 1000 and 1200 advanced high-strength steels to automotive customers, the company’s chief executive said.

New Ownership Taking Over Unfinished Minnesota Taconite Project

27 April 2017 - A Virginia billionaire and partners who include the United Kingdom’s Liberty House Group submitted the winning bid for the former Essar Steel Minnesota on Wednesday, offering to buy the half-finished taconite mine and pellet plant for US$550 million, reports the Minneapolis Star Tribune.

U. S. Steel to Restart Idled Tube Mill

26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings

26 April 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.

U.K. Steelmaker to Acquire American Rod Mill

21 April 2017 - Liberty House Group, a commodities trader and steelmaker that has cobbled together a portfolio of U.K. production facilities, has a deal to acquire a shuttered mill in the United States.

Stelco Sale Wins Support of Salaried Employees

20 April 2017 - A Canadian steelmaker said it now has handshake agreements with salaried employees and retirees on a proposed acquisition plan.

Tenova Wins Order for Reheat Furnace

20 April 2017 - NLMK has awarded a contract to Tenova for a new walking beam furnace at its Lipetsk, Russia, mill.

Investigation to Assess National Security Risks of Steel Imports

20 April 2017 - The Trump Administration has opened an investigation into whether steel imports are threatening national security, invoking a seldom-used, 55-year-old law that gives the president the right to restrict imports due to national security concerns.

Steel Dynamics Sees Increase in Demand, Profits

20 April 2017 - Improving steel demand and rising prices allowed Steel Dynamics Inc. to more than double its first-quarter profits, the company said on Wednesday.