Steel News

Stainless Steel Manufacturer Sells Stake in Tube Business

30 September 2015 - Outokumpu is divesting its stake in its Mexican stainless tube joint venture for US$63 million and will use the proceeds to pay down debt, the company has announced.

Larger Overseas Investments May Be in Nippon Steel’s Future

29 September 2015 - Tokyo-based Nippon Steel & Sumitomo Metal Corp. has an eye out for merger and acquisition opportunities as it looks to expand its global customer base, company president Kosei Shindo told Reuters during an interview.

Gerdau Supplying Long Steel for US$1 Billion Airport Expansion

29 September 2015 - Gerdau is filling an order for 16,500 tons of rebar and structural steel that's being used to expand a U.S. airport.

ArcelorMittal to Spend EUR100 Million on Coke Oven Rebuild

28 September 2015 - ArcelorMittal will spend EUR100 million to rebuild two coke oven batteries at a Spanish steel works, ensuring compliance with environmental laws, the company has announced.

Tata Steel Mothballs Galvanizing Line at Welsh Mill

28 September 2015 - Tata Steel is idling one of two hot-dipped galvanizing lines at its coil coatings mill in Shotton, North Wales, according to the Daily Post newspaper.

Nucor-Yamato Announces US$75 Million Beam Mill Upgrade

28 September 2015 - Nucor-Yamato Steel Co. plans to spend US$75 million on incorporating a new production process into its Blytheville, Ark., USA, plant, expanding its product offerings.

U.K.’s Second-Largest Steelmaker Closing English Steel Works

28 September 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.

U.S. Trade Commission Pursues Cold Rolled Import Investigation

25 September 2015 - Producers from seven countries appear to be selling hot rolled coil at less than market value, undercutting American producers, the U.S. International Trade Commission (ITC) has ruled.

As SSI Falters, U.K. Steelmakers Ask for Government Support

25 September 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.

ArcelorMittal Adding Products Through Tube Plant Expansion

25 September 2015 - ArcelorMittal is undertaking a US$11.1 million expansion of its Monterrey, Mexico, tube plant, allowing it to add to its product offerings for the North American automotive market, the company has announced.

Report: Gerdau May Acquire Stake in Indian Steelmaker

23 September 2015 - Lenders to India’s Visa Steel have decided to convert a large portion of the company’s debt into equity using the Reserve Bank of India’s strategic debt restructuring scheme, according to The Financial Express newspaper.

Steelworkers, U. S. Steel and ArcelorMittal Returning to Bargaining Table

23 September 2015 - Contract negotiations between the United Steelworkers union and ArcelorMittal and United States Steel Corporation are to resume next week.

SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring

21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.

More Layoffs Underway at U. S. Steel Corp.

18 September 2015 - United States Steel Corporation is laying off employees at its Pittsburgh, Pa., USA, headquarters, the Pittsburgh Business Times newspaper reported.

Judge Prescribes Mediation for Ailing U. S. Steel Canada

17 September 2015 - A judge has ordered United States Steel Corporation and others into mediation to hash out the future of the company's Canadian operation, U. S. Steel Canada (USSC), according to The Hamilton Spectator newspaper.

Unions: Lack of Support Threatens U.K Steel Industry

16 September 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.

Chinese Steelmaker Enters Clean Technology Sector

16 September 2015 - China's General Steel Holdings Inc. is acquiring a majority equity stake in a manufacturer of industrial ceramics and a product used in systems that reduce air pollution, the company has announced.

Tata Steel Wins Approval For Mill Expansion

16 September 2015 - India's Environment Ministry has signed off on a Tata Steel project that will more than double the capacity of its Jamshedpur works' cold rolling mill, according to The Hindu Business Line newspaper.

U.K. Mill In Debt, Faces Uncertain Future

15 September 2015 - One of the United Kingdom’s largest steel mills is in financial peril, having missed a series of loan repayments to its banks, according to The Telegraph newspaper.

Steelworkers Union Takes a Break From U. S. Steel Negotiations

15 September 2015 - The United Steelworkers union said its bargaining committee is pausing negotiations with United States Steel Corporation as committee members return home to meet with the rank-and-file.