Steel News

UAW Members Approve New AK Steel Labor Agreement

15 July 2019 - Union employees at AK Steel Corp.’s Butler works in Pennsylvania have ratified a three-year labor contract with the company.

Mill Contract Sets Investment to Support Nucor Mill

15 July 2019 - Mill services contractor TMS International is building a facility in Sedalia, Mo., USA, to serve Nucor Corp.’s new micro-mill, the company has announced.

Nippon Steel Plans Divestments to Raise Cash

15 July 2019 - Japan’s Nippon Steel Corp. plans to sell off as much as US$1.85 billion worth of assets to help pay for its acquisition of Essar Steel in India and other things, reports The Nikkei Asian Review.

NLMK Opens Gas Recovery Plant

15 July 2019 - NLMK Group has put a RUB4.6 billion (US$73.4 million) by-products recovery plant into service at its Lipetsk site in Russia, the steelmaker has said.

Salzgitter Greenlights New Galvanizing Line, Signs SMS group to Project

11 July 2019 - Salzgitter AG will proceed with the installation of a third galvanizing line at its Salzgitter Flachstahl mill and has chosen SMS group to build it, the company announced Thursday.

voestalpine CEO Formally Hands Off Baton to Successor

08 July 2019 - voestalpine veteran Herbert Eibensteiner has taken the reins as the company’s new chief executive officer (CEO) and management board chairman.

Potential Buyers Lining Up to Acquire British Steel

08 July 2019 - The court-appointed receiver overseeing the sale of British Steel says there are several viable offers for the business, but that a sale likely will take some time to complete, reports The Guardian newspaper.

Liberty Finalizes Acquisition of European Mills

02 July 2019 - Sanjeev Gupta’s Liberty Steel has closed on its EUR740 million acquisition of several ArcelorMittal Europe steel plants, completing a deal that establishes Liberty as one of the biggest steelmakers in the continent.

Thyssenkrupp Labor Leaders Call for Definitive Post-Merger Plan

27 June 2019 - Thyssenkrupp labor unions are demanding that the company develop a clear strategy for its steel unit now that plans to merge it with Tata Steel’s European strip business have fallen apart, the Reuters news service reports.

SDI Wins Tax Break for Mill Site

27 June 2019 - A Texas school board has greenlighted a tax incentive plan for Steel Dynamics Inc., seemingly clearing the way for a final decision on the steelmaker’s planned US$1.8 billion flat-rolled mill.

Nucor Steel–South Carolina Turns 50

27 June 2019 - With the help of elected officials and employees, Nucor Corp. this week marked the 50th anniversary of the start of its first electric arc furnace, celebrating an event that not only gave rise to the country’s largest steelmaker, but sparked a revolution in the way steel is made in the United States.

U. S. Steel Names New CIO

27 June 2019 - United States Steel Corporation has promoted a 10-year veteran of its information technology division as chief information officer.

Commercial Metals Sees Strength in Non-Res Construction, Completes Ramp-Up of New Mill

24 June 2019 - Buoyed by continuing strength in non-residential construction, long products maker Commercial Metals Company saw its fiscal third-quarter profits nearly double to US$78.4 million.

Tata Steel Caster Set for Upgrade

24 June 2019 - Tata Steel Ltd. has signed SMS group to upgrade the continuous caster at its Compact Strip Production mill in Jamshedpur, India, the equipment supplier has said.

ArcelorMittal Progresses on New Steel CSR Certification

24 June 2019 - ArcelorMittal said Monday that it expects to launch its new corporate social responsibility certification by the end of the year.

Nucor Still Bullish on 2019

20 June 2019 - Although U.S. steelmakers might not be experiencing the degree of activity that came with the 2018 boom, the steel industry’s momentum nevertheless has carried forward, and 2019 should prove to be a solid year, said Nucor chairman and chief executive John Ferriola.

Millett: Recent Mill Investments Will Help Keep Industry Competitive

18 June 2019 - Steel Dynamics Inc. chief executive Mark Millett swatted down criticisms of the U.S. steel industry’s recent spate of capital investments, saying that revitalizing assets and implementing new technologies is critical to surviving in a global marketplace.