Steel News

Steel Industry Urged to Embrace Innovation, and Quickly

17 May 2016 - United States Steel Corporation chief executive Mario Longhi issued a challenge to the steel industry, saying that it must innovate or run the risk of being displaced by other materials.

Rainfall Hampers Start of Work on New Mill

17 May 2016 - Construction on Commercial Metals Company’s new micro-mill in Oklahoma is off to a soggy start.

Japan's No. 1 Steelmaker Strikes Deal to Buy Out Its No. 4 Rival

16 May 2016 - Japan’s largest steelmaker is acquiring a majority stake in the country’s fourth-largest producer, Nisshin Steel Co., as a defense against the supply glut, reports The Japan Times.

Producers, Buyers Ask U.S. Trade Commission to Quash U.S. Steel Complaint

15 May 2016 - China’s second-largest steelmaker – and some U.S. buyers – have told the U.S. International Trade Commission that it should reject United States Steel Corporation’s petition to bar imports of Chinese-made steel from entering the country, according to reports.

(UPDATE) Nucor to Open New Joist, Decking Facility in Canada

15 May 2016 - Nucor Corp.'s joist and decking unit is setting up a fabrication shop in Canada and plans to begin producing products later this year, the company has announced.

Tata Sets its Eye on Seven Bids -- Maybe More -- for U.K. Business

11 May 2016 - Seven preliminary offers for Tata Steel’s U.K. business have passed an initial review and will receive further consideration from the company. And it may add others to the list, Tata has announced.

ArcelorMittal Gives Electrical Simulator Access to its Electrical Steel Data

10 May 2016 - ArcelorMittal has agreed to share material data about its electrical steels with a simulation software designer, the steelmaker announced on Tuesday.

Explosion Causes US$5 Million in Damage to Ohio Mill

10 May 2016 - North Star BlueScope Steel is continuing to produce steel following a weekend explosion and fire at its Ohio, USA, sheet mill.

Two Teams Vying for Tata Steel's U.K. Business

09 May 2016 - The deadline to submit preliminary offers for Tata Steel's U.K. division has passed, and details of the two investment teams looking to buy the operation have emerged.

ArcelorMittal Sees Another Quarter in the Red

06 May 2016 - The world's largest steelmaker posted another unprofitable quarter on Friday, recording a net loss of US$416 million due to low steel prices.

Jindal Steel Plans to Pay Down Debt Through Mill, Mine Sales

04 May 2016 - India’s Jindal Steel and Power is hoping to sell more steel and coal assets as a way to cut its US$6.91 billion in debt, according to the Reuters news service.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

U. S. Steel Issuing Nearly US$1 Billion In New Bonds

03 May 2016 - United States Steel Corporation is nearly doubling the amount of new debt it plans to issue to repay maturing borrowings.

Canadian Pipe Mill Undertakes Short-Term Layoffs

03 May 2016 - Evraz North America is laying off 90 employees at its 24-inch pipe mill in Regina, Canada, and may send home 49 others at its mill in Calgary, reports the Regina Leader-Post newspaper.

ArcelorMittal Plans Upgrades to Rail Mill

02 May 2016 - ArcelorMittal is modernizing its rail rolling mill in Spain in a bid to improve its flexibility and efficiency, the vendor on the project has announced.

SSAB Trims Payroll In Sweden, Pares Office Jobs

02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.

Commercial Metals Marks Start of Oklahoma Mill Construction

29 April 2016 - U.S.-based Commercial Metals Co. broke ground on its new micro-mill in Oklahoma on Friday, kicking off a project that will help the company expand into five states.

ArcelorMittal, Steelworkers Union Come to Terms on New Labor Agreement

29 April 2016 - The United Steelworkers union has reached a tentative, three-year labor agreement with ArcelorMittal USA, the union has announced.

Stolen Data Helped Chinese Producer Quickly Commercialize Ultra High-Strength Steel, Alleges U. S. Steel

28 April 2016 - China broke into U. S. Steel's computer network and stole production research on its advanced steels, allowing at least one overseas producer to side-step years of work and quickly roll out ultra high-strength grades, U. S. Steel alleges in its Section 337 complaint before the U.S. International Trade Commission.

Metals Trader Completes Acquisition of Scottish Plate Mills

28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.