Category: Steel Mills

“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.

The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."

Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets

Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.

The Canadian steelmaker said its absorbing higher tariffs as it moves forward.

Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”

Ancora’s intention to replace U.S. Steel's leadership was first announced in late January.

President Trump has ordered a new review of Nippon Steel’s proposed buy of U.S. Steel, to be completed within 45 days.

Chad Utermark, executive vice president of new markets and innovation, plans to retire effective June 7.

It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.

As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.

February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.

The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.

Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.

Raw steel mill output declined last week for the second-consecutive week, according to the American Iron and Steel Institute (AISI).

South Korea’s Hyundai has formally announced a nearly $6-billion investment to build a steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.

Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

The temporary measures “are necessary to re-balance working capital needs and consume excess pellet inventory produced in 2024,” Cliffs told SMU.

Nucor anticipates showing an earnings decline when it releases its full first-quarter earnings report on Monday, April 28.

The Pittsburgh steelmaker expects to see increasing volumes from both Big River Steel and Big River 2.

CMC’s earnings tumbled in its fiscal second quarter on seasonal weakness and continued shakiness in the wider economy.

The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.

The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.

Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.

Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.

Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.

Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.

Nucor has increased its weekly HR coil spot price for seven consecutive weeks.