Steel News

Nucor, SDI Say Lower Steel Prices Likely to Weigh on Q3 Profits

18 September 2019 - Steel Dynamics Inc. and Nucor Corp. are forecasting lower third-quarter profits on account of declining steel prices.

BILSTEIN GROUP Nears Completion on German Cold Rolling Mill

18 September 2019 - German cold-rolled products maker The Bilstein Group is preparing to commission a new wide quarto reversing mill in Germany, a facility it calls one of the most technologically advanced worldwide.

Midrex Technology Selected for H2-Based Iron Reduction Plant

17 September 2019 - The world’s largest steelmaker has chosen Midrex Technologies to build a demonstration-scale, ironmaking plant that uses hydrogen reduction.

Stelco Cuts the Ribbon on CA$30 Million Batch Anneal Plant

17 September 2019 - Stelco on Monday marked the opening of its new CA$30 million batch anneal facility, a project that has expanded the range of cold-rolled products the Canadian steelmaker is able to offer.

New Caster Planned for Nucor Bar Mill

17 September 2019 - Nucor Corp. has unveiled plans to invest an additional US$40 million in it is Kankakee bar mill in Illinois, where it already is installing a new merchant bar mill.

Turkish Producer Plans New Blast Furnace

17 September 2019 - The board at Turkey's Kardemir has OK'd plans to build a new blast furnace, a move that will lift the company's hot metal capacity by 1 million metric tons, the company has said.

British Steel Chief Executive Steps Down

12 September 2019 - Gerald Reichmann has stepped down as British Steel’s chief executive as the company's receiver and would-be buyer Ataer Holdings work toward completing a sale, reports The Grimsby Telegraph newspaper.

Danieli to Supply New Quench and Self-Temper Line to Nucor Bar Mill

12 September 2019 - Danieli will be installing a new quenching and self-tempering system at Nucor Steel’s Marion, Ohio, USA, facility, the supplier reports.

thyssenkrupp Receives Approval of Climate Targets

11 September 2019 - Science Based Targets initiative (SBTi) confirmed that with this approval, thyssenkrupp is also acting in line with the goals established at the 2015 Paris climate conference.

ArcelorMittal Joins Carbon Sequestration Project

11 September 2019 - The world’s largest steelmaker has joined a project that will explore carbon capture and storage in Europe.

Furnace at Nippon Steel’s Kimitsu Works Damaged in Typhoon

11 September 2019 - Nippon Steel Corp. has temporarily idled a steelmaking unit at its Kimitsu Steel Works after a chimney collapsed during a typhoon on Monday, according to the Reuters news service.

SSAB Auto Steel Receives OK from Indian Government

10 September 2019 - SSAB’s line of hot- and cold-rolled Docol® automotive steel has received its Bureau of Indian Standards (BIS) certification, the company reports.

NLMK Iron Ore Project Enters Next Phase

10 September 2019 - NLMK Group’s Stoilensky iron ore division has moved to the third stage of construction on its new dewatering plant, the Russian steelmaker has said.

Nucor CEO John Ferriola Announces December Retirement

06 September 2019 - Nucor Corp. chairman and chief executive officer (CEO) John Ferriola will retire at the end of this year and will be succeeded by executive vice president Leon J. Topalian, the company announced Friday.

Primetals Technologies Automation Upgrades Receive Final Acceptance from Gerdau

05 September 2019 - Primetals Technologies has received the final acceptance certificates on level 1 and 2 systems upgrades at Gerdau's Ouro Branco mill in Brazil.

SMS Tapped to Revamp Salzgitter Caster

04 September 2019 - SMS group has been commissioned to revamp the No. 1 continuous caster at Salzgitter Flachstahl’s Salzgitter works in Germany.

Tata Steel to Close U. K. Steel Mill

03 September 2019 - Unable to find a buyer for its Orb Electrical Steels operation in South Wales, and unwilling to roll the dice on a substantial upgrade, Tata Steel Europe will instead close the facility, the company has announced.

Liberty Steel Sets European Investments

03 September 2019 - Sanjeev Gupta’s Liberty Steel plans to invest more than US$443 million over the next five years in its newly acquired European mills, Liberty Steel chief executive Jon Bolton tells Bloomberg news service.

Tata Steel Might Begin Selling Iron Ore to Outside Customers

29 August 2019 - Tata Steel, already India’s second-largest iron ore producer, is weighing a potential move into merchant iron ore and coal mining as a new business line, reports The (India) Telegraph newspaper.

Alton Steel Transfers Ownership to Employee Stock Plan

28 August 2019 - Illinois-based bar manufacturer Alton Steel Inc. has been sold to its 50 full-time salaried employees by way of an employee stock ownership plan, the company has announced.