NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Steel-Technology portal grants a dynamic and diverse feed of news items serving the purpose of granting incisive information related to the Steel industry.

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Import and export numbers speak volumes about the state of Pakistan’s economy. There are about a dozen import and export industries worth over a billion dollars each, which tell us more about the economic performance of the current government since 2013. Iron and steel scrap and the power generating machinery…

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The U.S. may be able to address its concerns about Chinese steel production at the G20 summit. The world’s top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday. In a draft…

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Nucor Corp. reported a steep increase in quarterly profit Thursday and forecast a robust third quarter, as the steelmaker cashed in on a widening gap between weak commodity markets overseas and domestic prices propped up by new U.S. import tariffs. Nucor, now the country’s biggest steelmaker by output, said net…

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Malcolm Turnbull has announced a $49.2 million loan to support South Australia’s ailing steel sector and workers at Arrium. The Export Finance and Insurance Corporation will provide the loan under the National Interest Account for new machinery at the Iron Knob and Iron Baron mines. “This will enable Arrium’s OneWhyalla…

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South African steel production rose 6.9% year on year (y/y) in June to an estimated 545,000 tons, according to the World Steel Association (worldsteel). This was the first y/y increase this year after a 16.3% rise in South African steel production to 7.6-million tons in 2015 compared with a 2.8%…

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Leaders of the Yorkshire city of Sheffield, famed for its steel industry, announced on Thursday a 60-year partnership with Sichuan Guodong Construction Group, one of the largest companies in China's Sichuan province. The city council officially announced the deal on its website Thursday following the return to the city of…

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An idled steel castings foundry in Keokuk may come to life again and create 200 jobs with approval of state incentives. The Iowa Economic Development Board on Friday approved $1 million in loans and additional tax breaks to reopen the former Keokuk Steel Manufacturing Co. The plant was closed in…

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World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2016, the same figure as June 2015. World crude steel production in the first six months of 2016 was 794.8 Mt, a decrease of -1.9% compared to the…

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NEW YORK (Scrap Register): United States domestic raw steel production slipped by 0.2% to 1,746,000 net tons in the week ending July 16, 2016 while the capability utilization rate was 74.7 percent, the American Iron and Steel Institute (AISI). United Sates raw steel production was 1,750,000 net tons in the…

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The domestic steel industry is set to get stronger and long-lasting protection in the form of anti-dumping duties on cheap imports of specified varieties of hot-rolled and cold-rolled coils from China, Japan and South Korea. The Directorate General of Anti-dumping and Allied Duties, which launched probes into imports of these…