Steel News

Universal Stainless Hires New CFO

05 August 2015 - Pittsburgh-based Universal Stainless & Alloy Products Inc. has named a former H.J. Heinz Co. executive as its new CFO and vice president of finance, the steelmaker has announced.

Klesch Group Ends Acquisition Talks For Tata Steel Long Products Business

04 August 2015 - A metals, chemical and oil company has withdrawn from discussions on buying Tata Steel's European long products business, according to a report in The Financial Times.

Steelmaker's European Division Reorganizes; Now Under New Management

04 August 2015 - Tata Steel's European long products division has begun operating as a standalone subsidiary and is now under new management, according to a U.K. newspaper.

Danieli Completes Line Modifications At Nucor Plant

04 August 2015 - Nucor Corp. and Danieli have signed the final acceptance certificates for upgrades to the steelmaker's hot-dip galvanizing line at its Berkeley, S.C., facility.

Finished Steel Manufacturer Acquiring Online Services Provider

04 August 2015 - China-based Sutor Technology Group Ltd. has signed a nonbinding letter of intent to acquire a supply chain services business.

ArcelorMittal's U.S. Employees Need To Share More Of The Cost of Health Insurance, Company Says

03 August 2015 - Steel giant ArcelorMittal, which is negotiating a new labor deal with the United Steelworkers, said it needs to freeze or cut pay for some employees and require others to contribute more to the cost of their health insurance, according to the Wall Street Journal.

Steelmakers Set To Ink Deal on Technology Transfer

03 August 2015 - South Korean steelmaker Posco is expected to sign an agreement with India's Mesco Steel to transfer its Finex technology to a Mesco facility, according to the Business Standard newspaper.

TimkenSteel Posts Second-Quarter Loss

03 August 2015 - TimkenSteel lost $24.3 million during the second quarter as it continues to operate under challenging market conditions.

Cliffs Natural Resources Idling Minnesota Taconite Operation

03 August 2015 - Lower orders and higher inventories have prompted Cleveland-based Cliffs Natural Resources to temporarily idle its United Taconite operation in the Minnesota Iron Range.

Worker Killed In Mill Accident Identified

31 July 2015 - Officials have identified a man who was killed July 25 at Nucor Corp.'s Berkeley mill in South Carolina.

U. S. Steel To Idle Alabama Blast Furnace

31 July 2015 - United States Steel Corp. intends to idle the blast furnace at its Fairfield Works in Alabama, where the company is installing a new electric arc furnace.

Universal Stainless Records Q2 2015 Loss

30 July 2015 - Universal Stainless & Alloy Products Inc. lost $356,000 during the second quarter on account of falling demand from the power generation and oil and gas sectors and declining commodity prices, especially for nickel.

Weak Demand, Low Prices Take Toll on U.S. Steel Earnings

30 July 2015 - U.S. Steel Corp. posted a second-quarter net loss of $261 million, or $1.79 per diluted share, partly on account of low demand and prices.

Danieli To Equip CMC Micro Mill

29 July 2015 - Commercial Metals Co.'s proposed Oklahoma micro mill is to be outfitted with Danieli endless casting and rolling technology, Danieli has announced.

AK Steel Posts Second-Quarter Loss

29 July 2015 - AK Steel lost $64 million in the second quarter as competition from imported steel continued to drive down prices, the company has reported.

Commercial Metals Company Selects Home For New Micro Mill

29 July 2015 - Commercial Metals Company (NYSE: CMC) has announced that it will build its second technologically advanced micro mill in Durant, Okla.

U.S. Producers Seeking Trade Relief From Cold-Rolled Imports

29 July 2015 - Several major U.S. steel producers -- AK Steel Corp., ArcelorMittal USA LLC, Nucor Corp., Steel Dynamics Inc., and U.S. Steel Corp. -- have filed petitions charging that foreign producers from eight countries are are dumping cold-rolled steel at substantial margins, harming the domestic industry.