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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Nucor, Steel Dynamics Expect Q3 Earnings Growth

18 September 2018 - Nucor Corp. and Steel Dynamics Inc. are forecasting higher third-quarter earnings on continued strength in demand, the steelmakers have said. 

Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart

18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November. 

British Steel Announces Layoffs

14 September 2018 - U.K.-based long products producer British Steel said on Friday that it will eliminate 400 managerial, professional and administrative positions in an effort to cut costs and provide for long-term growth. 

ArcelorMittal Plant Re-Signs Harsco for Mill Services

14 September 2018 - Mill contractor Harsco Corp. has signed a 10-year contract renewal with ArcelorMittal Tubarão in Brazil, the company announced Thursday. 

U. S. Steel Lays Revised USW Offer on the Table

12 September 2018 - United States Steel Corporation has made a revised offer to the United Steelworkers union, saying it is now proposing to incrementally increase base wages by 14% over the life of the deal. 

ArcelorMittal Raises Offer for India’s Essar Steel

12 September 2018 - ArcelorMittal has put a new offer on the table for Essar Steel India Ltd., bidding the equivalent of US$5.8 billion for the bankrupt steelmaker, according to media reports. 

USW Might Seek Strike Authorizations in ArcelorMittal Talks

07 September 2018 - Negotiators with the United Steelworkers union said they’ll seek strike authorizations if they are unable to make significant progress with ArcelorMittal USA on a new labor agreement by early next week.  

Nucor Announces Plans to Double Capacity of Gallatin Sheet Mill

07 September 2018 - Nucor Corp.’s board of directors has greenlighted a US$650 million expansion of its Kentucky sheet mill, the company said on Friday. 

With a Labor Deal in Hand, ArcelorMittal Nears Completion of ILVA Acquisition

06 September 2018 - ArcelorMittal expects to seal its deal for Italian steelmaker ILVA and its massive Taranto works after it reached a tentative labor agreement with ILVA’s labor unions, the company said Thursday. 

Report: Nucor Withdraws Bid for Shuttered DRI Plant

06 September 2018 - Nucor Corp. reportedly has withdrawn its US$20 million offer for a shuttered direct-reduced iron pant in Trinidad and Tobago after growing frustrated by government delays, the Newsday newspaper reports. 

Two U. S. Steel Executives Assigned New Posts

05 September 2018 - Two United States Steel Corporation executives will swap responsibilities in an effort to broaden their horizons, chief executive David Burritt has announced. 

Russian Mill Breaks Hot Strip Production Record

05 September 2018 - Russia’s PJSC Magnitogorsk Iron and Steel Works (MMK) said one of its hot rolling mills set a record in July, producing nearly 528,000 metric tons during the month. 

Emirates Steel Signs Contractor for Mill Recycling Services

05 September 2018 - Mill services contractor Phoenix Services LLC has signed a long-term agreement with Emirates Steel in the United Arab Emirates, the company has announced. 

For the Moment, Steelworkers to Remain on the Job at U. S. Steel, ArcelorMittal

04 September 2018 - The United Steelworkers has agreed to contract extensions with ArcelorMittal USA and United States Steel Corporation as union employees continue to negotiate new labor deals with the integrated steelmakers.  

POSCO Plans Multibillion Investment in Steel Plants

04 September 2018 - The world’s fifth-largest steelmaker said it is planning to invest the equivalent of US$23.2 billion in its steel plants over the next five years as part of a broader capital spending program. 

Primetals Technologies Bags Order for Wire Rod Mill

04 September 2018 - JSW Steel has awarded a contract to Primetals Technologies for a new wire rod mill to be built at the steelmaker’s Vijayanagar works in India.

thyssenkrupp Reveals Plans for 10th Galvanizing Line

04 September 2018 -  thyssenkrupp will add a new hot-dipped galvanizing line to its Dortmund plant in Germany, the company has said.

Contract Talks at ArcelorMittal USA, U. S. Steel Come Down to the Wire

30 August 2018 - Just days remain on the current labor contracts between the United Steelworkers union and America’s two largest integrated steelmakers, ArcelorMittal USA and United States Steel Corporation. 

Fall Claims Life of AIST Distinguished Member 

29 August 2018 - Leading steel researcher and noted AIST member Dr. Bruno Charles De Cooman died Wednesday after he reportedly fell from a window in his Moscow apartment building. 

Sanjeev Gupta Wants to Buy a Shipyard – Where He'll Melt Ships in a Furnace

27 August 2018 - Steel entrepreneur Sanjeev Gupta, whose Liberty House has been buying up distressed assets in the U.S. and the U.K., has his sights on another target – a failing shipyard in India. 

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