Mills
November 6, 2025
Ternium to buy out Nippon, Mitsubishi for increased stake in Usiminas
Written by Laura Miller
Ternium SA is increasing its stake in Brazilian flat-rolled steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas).
Deal
Mills
November 6, 2025
Written by Laura Miller
Ternium SA is increasing its stake in Brazilian flat-rolled steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas).
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.
Mexico's Construcciones e Ingenierías Electromecánicas SA de CV (CIESA) has emerged as the leading bidder for the assets of bankrupt steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (MINOSA). The Michoacán-based engineering and construction company offered $1.4 billion in a court-supervised bankruptcy auction held Sept. 25.
Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.
President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.
Stelco Holdings Inc. is indefinitely idling its finishing operations in Hamilton, Ontario. The Canadian steelmaker, a subsidiary of Cleveland-Cliffs, will concentrate steel production at its Lake Erie Works in Nanticoke, Ontario, a Cliffs spokesperson told SMU.