NEWS

Great Lakes steel production fell to 695,000 tons last week, a 1.9-percent decline from the yearly high a week earlier. Steel mills in the Great Lakes region made 709,000 tons of metal the previous week, according to the American Iron and Steel Institute. Most of the steel made in the…

Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the…

ArcelorMittal Galati announces the launching of a new family of products - organic coated coils, following an EUR 15 Million investment. “We are proud to open a totally-new industrial activity in our Unit, which will deliver high-added value products. This shows the commitment of ArcelorMittal for Galati and for Romania”,…

thyssenkrupp and Tata Steel have today signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture. Their aim is to create a leading European flat steel player to be positioned as quality and technology leader. The new entity is set to have pro-forma sales…

Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said on Tuesday it would raise its product prices for a second month in October due to higher overseas prices and a tight domestic market. The company will boost prices on all its products in October by 3,000 yen…

China's steel output is expected to grow 3 percent to 5 percent in 2017 compared with last year, said a trade body official on Saturday, despite the closure of small outdated mills as surging prices prompted larger players to turn out more metal. The world's largest steel producer will make…

JSW Steel Ltd, India’s biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said. The company expects to begin producing ore from mines it won…

Iron ore is facing renewed pressure and risks sliding back into the $60s, as China’s economy shows signs of cooling and global mine supply increases, while planned steel capacity cuts in the world’s biggest consumer this winter could further cut demand. Ore with 62% content in Qingdao fell 2.5% to…

Gränges, a leading global supplier of rolled aluminum products for heat exchanger applications and other niche markets, will invest $110 million to expand its aluminum rolling operations in Huntingdon, Tennessee. “The expansion in Huntingdon marks the next step in our strategic growth plan for the North American market. Gränges has…

Germany’s Economy Minister urged management at Thyssenkrupp (TKAG.DE) to seek an agreement with its workers over plans to merge the group’s European steel operations with those of Indian peer Tata Steel (TISC.NS). A joint venture with Tata Steel is the preferred option of Thyssenkrupp Chief Executive Heinrich Hiesinger to restructure…