ArcelorMittal announces Essar Steel India Limited’s (‘ESIL’) Committee of Creditors (‘CoC’) has voted to approve the Company’s acquisition of ESIL. ESIL’s Resolution Professional, on behalf of the CoC, has issued the Company with a Letter of Intent (‘LOI’) stating that the Company has been identified as the ‘Successful Applicant’. Further to ArcelorMittal being named the H1 Resolution Applicant (the preferred bidder)

"Industry aims at taking India's steel production capacity to 300 million tonnes by 2030” Shri Birender Singh, Union Minister of Steel said at the launch of the ISA Steel Conclave in New Delhi. In a strong move to bring the steel market influencers together, Indian Steel Association and Messe Frankfurt India (MFI) launched the first – The ISA International Steel Conclave 2018. The two-day forum opened on 25 O

On May 31, 2018, President Trump signed a new presidential proclamation adjusting steel duties initiated under Section 232 of the Trade Expansion Act of 1962. This ended temporary exemptions of duties for imports of steel products from the European Union (EU), Canada and Mexico. As a result, a 25 percent duty on steel products is now being collected on imports from these countries.These recent tariffs placed on steel imports have driven the price of steel up—not just internationally but

Texas Iron & Metal, a Houston-based, family-owned and operated steel supplier, is excited to announce the expansion of their current stockyard location at 865 Lockwood Drive, just three miles east of downtown Houston. Now situated on over 10 acres, Texas Iron & Metal’s warehouse increased four-fold to over 120,000 square feet. Additionally, the new and surplus steel supplier doubled their yard space for inventory stocking, expanding their current inventory lots at thei

JSW USA broke ground on the most technologically advanced and eco-friendly electric arc furnace, slab caster, and plate mill of the future in the world, setting a new industry standard. It is the only melt and manufacture plate mill with a contiguous pipe mill in North America. Thanks to policies from Washington, JSW Steel USA is embarking on a journey to hire 1,000 new workers and invest up to $1 billion to modernize and expand its U.S. operations. The project was initial

Universal Stainless & Alloy Products, Inc. today announced a base price increase of 3% to 8% on selected specialty steel long products.  The increase will be effective for all non-contract new orders entered October 29, 2018 forward.  Current electrode, material and energy surcharges will remain in effect. Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, “We are committed to providing our customers high quality steel with industry l

KDM Steel, a leading manufacturer of industrial and electrical enclosures, announces its new stainless steel enclosures. These are robust, durable and corrosion-resistant electrical enclosures that can suit all environmental conditions. Investing in modern electrical cabinet designs is part of KDM Steel's effort to be the best stainless steel enclosure manufacturer. Due to the numerous designs, shapes and high creep strength, KDM Steel stainless steel enclosure are popular in mo

Allegheny Technologies Incorporated announced today it has signed an agreement to provide carbon steel hot-rolling conversion services for NLMK USA at ATI’s world-class Hot-Rolling and Processing Facility, or HRPF, located in Brackenridge, PA. Slab shipments to ATI will begin immediately and increase to anticipated production levels in the first quarter of 2019. This agreement covers conversion services through December 2019. “We are pleased to announce this agreement wi

ArcelorMittal (‘the Company’) announces that, in-line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of 7,469 crore rupees (c. $1 billion) to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar Steel India Limited (‘ESIL’) on 2 April 2018 is eligible and can be considered by ESIL’s Committee of Creditors (‘CoC’). ArcelorMittal’

Material Sciences Corporation (MSC) announces that the company has joined the National American Steel Alliance (NASA). Since 1951, MSC, has been championing innovation in quality, flexibility and cost-effectiveness to the automotive, construction and consumer goods industries. Backed by state-of-the-art coating lines; cutting-edge lightweighting technologies; noise, vibration and harshness products; and robust electrogalvanizing capabilities, MSC has gained a solid reputation as the