11 February 2019

Latest Steel News Roundup

AISI resists Bicameral Congressional Trade Authority Act

(North America): The US steel lobby American Iron and Steel Institute (AISI) is raising its voice against legislation introduced in Congress as Bicameral Congressional Trade Authority Act 2019, which would potentially reduce President’s authority to enact tariffs by citing reasons of national security.  AISI said that tariffs are working for the steel market and have increased steel mills capacity utilisation to ten years high.

Southland Steel announces an expansion plan

(North America): A US-based steel fabrication company Southland Steel Fabricators Inc. has announced to expand a production facility in Amite, US. The company plans to spend $18 million on a new fabrication and coating lines.

 

SAIL’s crude steel output increased 10% in Q4 2018

(Asia Pacific): The Steel Authority of India Limited (SAIL) produced 4.3 million tonnes of crude steel during October to December 2018, increased by 10% compared to the same period in 2017.

 

Construction works start on a new steel plant in Iran

(Middle East): Construction works is started on a new one million tonnes/year steel plant in Iran’s East Azerbaijan Province. The private steel investment project will be completed in two years with an investment of $26 million.

 

North Carolina uses stainless steel for the first time in building a bridge

(North America):  A new bridge is being built connecting Hatteras Island to the rest of the Outer Banks region in North Carolina, US. The State has used stainless steel for the first time in structural reinforcement in the bridge to tackle saltwater erosion. The initiative of using stainless steel is expected to increase the bridge lifespan by 100 years.