Steel News

The Future is Now: POSCO Puts AI to Work on Galvanizing Lines

10 March 2017 - South Korea’s POSCO said it has developed an automated coating weight control system and has begun to incorporate the technology into its production of automotive steels.

Italian Government Receives Two Offers for Europe's Largest Steel Works

08 March 2017 - Two consortiums have submitted binding offers for Italy’s ailing Ilva steel group and its Taranto steel works, Europe’s largest steel plant., according to reports

German Rod and Bar Mill Upgrades Capabilities

08 March 2017 - Danieli has completed the first phase of a modernization project at the Elbe-Stahlwerke Feralpi rod and bar mill in Riesa, Germany, the mill builder has announced.

Nucor Adds to Steel Fabrication Business in Canada

02 March 2017 - Nucor Corp. has acquired the assets of Omega Joist, a Canadian manufacturer of open-web steel joists, for an undisclosed amount.

Open for Business: Executives Cut the Ribbon on America's Newest Steel Mill

01 March 2017 - To measure the significance of Big River Steel’s newly opened mill in Arkansas, you could weigh its current annual capacity, about 1.65 million tons. Or, you could count the money that has been invested in the facility, about US$1.3 billion.

Swedish Government Allocates Funding to Carbon-Free Steelmaking Research

27 February 2017 - The Swedish Energy Agency has agreed to contribute an additional SEK56 million toward a four-year research initiative that will explore hydrogen’s potential as a carbon-free steelmaking input.

ArcelorMittal May Make Power, Not Steel, at New Site

27 February 2017 - ArcelorMittal is thinking about scrapping plans for a 6 million metric ton steel plant and building a 600 MW solar farm, reports The (India) Economic Times.

New Rotary Discharge Machine Put Into Service at Australian Steelworks

24 February 2017 - AUMUND Fördertechnik GmbH has built and installed a new rotary discharge machine serving the coke handling system at BlueScope Steel Ltd.’s Port Kembla Works in New South Wales, Australia.

Two Steelmakers Merge Brazilian Long Products Operations

24 February 2017 - ArcelorMittal Brazil is acquiring Latin American producer Votorantim SA’s Brazilian long steel business, according to announcements from the companies.

Its New Steel Works Now Open, an Open-Die Forger Sets a Casting Record

23 February 2017 - South Korea’s TAEWOONG Co. Ltd. has set a new steelmaking record, becoming the first to successfully produce 1,000 mm blooms on a curved continuous caster, according to an announcement.

Nucor-Yamato Steel Upgrade Incorporates Voith Driveline Products

22 February 2017 - Nucor-Yamato Steel Co. has chosen two Voith driveline products as part of recent upgrades to its No. 2 rolling mill, Voith tells AIST’s Steel News.

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).

New Tata Steel Works Finding Its Stride

21 February 2017 - Tata Steel’s new Kalinganagar works in India has reached a new production milestone – it has achieved 2 million metric tons of hot metal, reports The (India) Economic Times.

Union Ratifies Labor Agreement With Canadian Wire Rod Maker

20 February 2017 - The United Steelworkers union has ratified a new three-year labor agreement with Canada’s Ivaco Rolling Mills, the union has announced.

Zekelman Industries Finalizes Acquisition of Western U.S. Tubemaker

20 February 2017 - Zekelman Industries has closed on its acquisition of Western Tube & Conduit Corp. from Japan’s Nippon Steel & Sumitomo Metal Corp. and minority shareholders, the company has announced.

Tata Strikes Deal to Divest U.K. Specialty Steel Business

10 February 2017 - Tata Steel has reached an agreement to sell its U.K. specialty steel business to metals entrepreneur Sanjeev Gupta and his Liberty House Group for 100 million pounds, Tata has announced.

ArcelorMittal Swings to Profitability in 2016; Plans Capital Spending Increase

10 February 2017 - Coming off its worst year since the 2006 merger that created it, ArcelorMittal recorded a US$1.8 billion profit in 2016 on an improving steel market and early savings in a turnaround initiative, reports the (London) Financial Times.