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.

news

Raw steel production in the Great Lakes region rose to 652,000 tons last week, or 3.5 percent, which was the third consecutive weekly increase after a six-week skid. Capacity utilization nationwide, however, was only 68.9 percent last week, the 12th straight week it’s been mired under 70 percent. That’s well…

news

AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on January 1, 2017. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products, the increase will be achieved through a…

news

Chinese steel futures rose on Monday, supported by upbeat data and traders replenishing low stockpiles on expectations of firm demand next year, pulling up prices of raw material iron ore. Growth in China's services sector accelerated to a 16-month high in November, a private survey showed. The survey, along with…

news

Tata Steel is edging closer to a deal with UK steel workers' unions to keep its troubled Port Talbot plant, the country's largest in south Wales, open until at least 2020, a media report said today. Union leaders will put a new rescue plan to its members this week, which…

news

Industrial Tube & Steel of Kent is expanding its reach to the south with the purchase of a 40,000-square-foot facility in Mount Juliet, Tenn., the company announced Friday, Dec. 2. The metal and steel tubing supplier will begin services at the new location on Jan. 3, a news release stated.…

news

The Armitt Group, a respected UK shipping agent and specialist logistics company, has signed an agreement with Hutchison Ports for a purpose built, 120,000 square feet specialist steel handling facility at London Thamesport. Construction of the first phase of 60,000 square feet is currently well underway with completion expected by…

news

Sajjan Jindal, the billionaire chairman of the metals to cement conglomerate JSW Group, confirmed that JSW Steel is in a consortium looking to buy the beleaguered Ilva steel plant in Italy. "We are working on it. It will not need much investment," Jindal told Reuters on the sidelines of an…

news

The merger between the Baoshan Iron and Steel Group (Baosteel)and its smaller rival Wuhan Iron and Steel was formally completed following a ceremony in Shanghai on Thursday, creating China's biggest steelmaker. The new Baowu Steel Group will have an annual production capacity of around 60 million tonnes, also making it…

news

State-owned Dongbei Special Steel Group Co held its first creditor meeting on Thursday as part of a bankruptcy restructuring process aimed at recovering a reported $10 billion in debt, official news agency Xinhua said. Dongbei has been at the heart of troubles in China's debt market this year, defaulting on…

news

ArcelorMittal completed a major project at its Burns Harbor steel mill, where it invested $51.2 million this year. MC Industrial, a St. Louis-based construction firm with an office in Portage's Ameriplex at the Port Business Park, installed a new stacker reclaimer to replace one that collapsed in a snowstorm in…