Steel news sources report that Italy’s Capitiano Tailored Automation (AIC) has partnered with Pomini Long Rolling Mills. Together, the companies signed an agreement with Swedish specialty steels group Ovako to modernize the company’s Hällefors bar mill. In a February 9 statement, AIC explained the details of the contract. First and foremost, it stipulates that AIC […]
Christopher Rivituso
Several Turkish Steel Mills Suspending Operations After Earthquake
Several steel mills in central and southern Turkey have suspended operations, declaring force majeure. The decision comes after two earthquakes struck those areas and Syria on February 6. Flats and longs producer Isdemir, in Iskenderun, Hatay Province, said in a February 13 announcement that it is currently performing assessments. “Production has been suspended until the […]
Administration Forces UK Steel Manufacturer Aartee Bright Bar into Distress
Steel news continues to cover the announcement that UK steel producer and distributor Aartee Bright Bar (ABB) has gone into administration. The move came after ABB’s commercial financier, FGI, decided to enforce its debts against the company. According to a February 7 report from Sky News, the West Midlands-based business appointed New York-headquartered Alvarez & […]
Steel Producers Avoid a Crisis During Turkish/Syrian Earthquake.
According to MetalMiner sources, the earthquakes that struck Turkey and Syria on February 6 have not damaged the area’s steel manufacturing plants. The first jolt struck at 4:17 AM local time, just west of Gaziantep. The 7.8 magnitude quake caused widespread damage and destruction across both Turkey and Syria. To make matters worse, a second […]
NLMK La Louvière Mill to Stay Shuttered Until Summer
In steel news, Belgium’s NLMK La Louvière is unlikely to resume operations at one of its two hot rolling mills before summer in Belgium. NLMK shuttered the mill after a series of fires in late 2022 knocked it out. “One of the two lines does not work at all,” a source close to the plant […]
Liberty Steel UK Cuts its Steel Production
Liberty Steel UK (LSUK) plans to reduce steelmaking and mothball some of its UK assets as part of restructuring plans. The group instead wants to focus on high-value, alloy-steel production in order to remain competitive. “Despite the injection of £200 million ($244 million) of shareholder capital over the last two years, the production of some […]
NLMK La Louvière, a Belgian producer of hot-rolled coils (HRC), to recommence production
In steel news, Russian-Belgian strip producer NLMK La Louvière aims to restart rolling operations. A source close to the plant told MetalMiner that the current goal for the restart is the end of January. The announcement comes just weeks after a fire knocked the facility off stream. The December 23 fire was located in the […]
European Tariffs Planned for Carbon-Intensive Steel and Aluminum
Global metal manufacturing is already set to change in 2023. Indeed, the European Council and European Parliament recently reached a provisional agreement over the Carbon Border Adjustment Mechanism (CBAM). This would impose new tariffs on materials from carbon-intensive industries imported into the 27-member bloc. According to members of the Committee on the Environment, Public Health, […]
Destroyed Ukrainian Energy Grids Impact Steel Production
Steel production in Ukraine took a hit this past week due to the ongoing conflict with Russia. Industry watchers told MetalMiner that several Ukrainian steelmakers are facing production and rolling issues. Energy suppliers are rationing power distribution to major consumers. The rationing is the direct result of missile attacks and other military actions by Russian […]
ArcelorMittal Steel Manufacturing Suffers More Shutdowns
As markets prepare for more bad steel news, ArcelorMittal plans to idle one of two blast furnaces at its Fos-sur-Mer site in southern France. The Luxembourg-headquartered group stated on November 4 that the move was a direct response to current market conditions. “In a sharply deteriorated macro-economic context, coupled with a major impact from soaring […]
