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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Latest News

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Baosteel Starts Up Continuous Galvanizing Line

28 July 2016 - A new continuous galvanizing line at China’s Baosteel Zhanjiang Iron & Steel Co. Ltd. has processed its first coil.

U. S. Steel Records Another Loss, But Sees Better Results Ahead

27 July 2016 - United States Steel Corp. lost US$46 million in the second quarter due in part to losses in its tubular division, but the steelmaker said it expects conditions to continue to improve for its other businesses during the second half of the year.

ArcelorMittal Names New North American Chief Executive

27 July 2016 - ArcelorMittal veteran Robrecht Himpe has been named chief executive of ArcelorMittal North America, the steelmaker has announced.

Commerce Department Clears the Way for Anti-Dumping Duties on Cold Rolled Steel

22 July 2016 - The U.S. Commerce Department has set final anti-dumping margins of between 1 percent and 35.4 percent on cold rolled steel from five countries – Brazil, Korea, Russia, India and the United Kingdom.

ArcelorMittal Awards Contract for Coke Oven Rebuild

22 July 2016 - Engineering firm Paul Wurth has been tapped to rebuild the coking plant at ArcelorMittal’s integrated Gijon works in Spain, the company has announced.

POSCO Earnings Miss Analysts' Estimates

22 July 2016 - POSCO recorded an operating profit of US$597.7 million between April and June, falling short of analysts’ expectations, according to the Reuters news service.

Nucor Executives See Much Potential in Texas Plate Mill Acquisition

21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.

U. S. Steel Revises Injury Reporting Policy

21 July 2016 - United States Steel Corp. is changing its injury-reporting policy to allow workers to give notification after they’ve realized an injury has occurred, the United Steelworkers union has announced.

Nucor's Profits Rise in Second Quarter

21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.

Nucor Expands Plate-Making Capabilities Through Acquisition

20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.

British Steel Names Industry Veteran as Top Executive

20 July 2016 - Roland Junck, who once oversaw ArcelorMittal, has been named executive chairman of the new British Steel, the U.K. steelmaker announced on Thursday.

SDI Looks for New Paint Line to Start in Early 2017; Wins Quality Certification for Premium Rail

19 July 2016 - Construction of a new paint line at Steel Dynamics Inc.’s Columbus, Miss., plant is on budget and on schedule, chief executive Mark Millet said on Tuesday.

Big Data Yields Bigger Savings for Russia's MMK

19 July 2016 - A data science firm said it has helped Russia’s Magnitogorsk Iron and Steel Works (MMK) save more than 3 million annually in steelmaking costs by applying predictive analytics to years of production data.

Report: Overseas Bidder Looking at U.S. Steel Canada, Essar Algoma

18 July 2016 - A metals trading firm that seems to have lost out on its bid to acquire all of Tata Steel’s U.K. business is turning its attention to overseas targets, reports The (London) Financial Times.

Improving Flat Rolled Market Lifts Profits at Steel Dynamics

18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.

Rotek Expands Seamless Ring Capacity

18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.

EVRAZ Begins Work on New Blast Furnace in Russia

15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.

Essar Minnesota Names New Chief Executive

15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.

NAFTA Panel Mostly Rejects Mexican Challenge to U.S. Duty Order on Rebar

14 July 2016 - A North American Free Trade Agreement review panel has generally upheld a finding that U.S. producers had been harmed by unfairly traded Mexican rebar exports.

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