Allegheny Technologies (ATI) and an affiliate of Tsingshan Group have formed a50-50 joint venture to manufacture and sell 60-inch-wide stainless steel sheet in North America.
US president Donald Trump's administration should keep working on its Section 232 investigation into steel imports instead of tinkering with the North American Free Trade Agreement (Nafta), US Steel president and ceo David Burritt said.
HRC prices in the US climbed for the third week in a row as steel mills pushed for higher prices.
Ternium has appointed Máximo Vedoya as its next chief executive officer. He will be taking over from March 1, 2018.
UK long steel maker British Steel has acquired Dutch wire rod producer FNSteel.
Steelmaking company Max Aicher Group has acquired a mothballed graphite electrode production facility at Griesheim, in western Germany.
Tata Steel is to strengthen its focus on further expanding the steel market in India as well as improving its own steel portfolio strategy in Europe.
Russian steelmaker Severstal expects its export volumes to Europe to return to the 1 million-tpy level seen before the European Commission (EC) launched its anti-dumping investigation into imports of HRC from four countries including Russia.
Japan’s Kobe Steel has idled a blast furnace at its Kobe Works and shifted some production to its Kakogawa Works to improve production efficiency.
And the infrastructure demands of the Tokyo 2020 Olympic and Paralympic Games are expected to continue to support Japan’s domestic steel market, key producer JFE Holdings said.