Steel News

Wisconsin steel plant to layoff nearly 100 workers

In addition to the Milwaukee facility’s workers being laid off on December 4 of this year, their health care benefits will also end that day.

Behind the Numbers: U.S. Raw Steel Output Rises 4.8% Year-over-Year

U.S. raw steel production reached 1.801 million net tons in the week ended October 3, up 4.8% year over year despite a 2.4% weekly decline. Year-to-date production totaled 71.967 million tons, 5.3% above the comparable 2025 period.

Iowa governor signs bill allowing $1.4B in tax incentives for steel project

Iowa has amended its MEGA economic-development program to support Mesabi Metallics’ planned $15 billion steel mill in Lee County. The proposed DRI-EAF facility would employ at least 1,750 people and use recycled scrap steel alongside iron ore from the company’s Minnesota mine.

ArcelorMittal Plans R$10 Billion Brazil Investment as Steel Imports Decline

ArcelorMittal is preparing more than R$10 billion in new Brazilian investment, including an approved R$4 billion–R$5 billion downstream expansion at Tubarão and a roughly R$5 billion hot-rolled coil project under evaluation at Pecém. The plans come as Brazilian steel import penetration has fallen sharply from early-2026 highs.

BlueScope Steel Set to Restart Port Kembla No. 6 Blast Furnace

The upgraded furnace is expected to ensure a continuous supply of iron ore, boosting production of lower-emission steel from the plant.

Iowa approves pricey foreign-owned steel plant project in swing district

Iowa has expanded its MEGA tax-credit program to accommodate Mesabi Metallics' proposed $15 billion steel complex in Lee County. A preliminary incentive package could reach about $1.36 billion over 10 years, but Mesabi still requires final Iowa Economic Development Authority approval and a binding state contract.

Company behind proposed Iowa steel plant filed for bankruptcy in 2016

The company emerged from bankruptcy in 2017 as Mesabi Metallics and remained under Essar Group’s ownership.

AISI Backs New Global Framework to Curb Steel Overcapacity

AISI has backed the new Milwaukee Framework for addressing global steel excess capacity, including stronger action on market-distorting subsidies, trade circumvention and import monitoring. OECD projections show worldwide excess capacity could climb from about 640 million tonnes in 2025 to 745 million tonnes by 2028.

Steel forum calls for more tariffs, fewer subsidies to fight excess capacity

GFSEC's 28 members have adopted the Milwaukee Framework, outlining new action on steel subsidies, trade remedies, import monitoring and circumvention. The agreement comes as OECD projections show global steel excess capacity rising from about 640 million tonnes in 2025 to 745 million tonnes by 2028.

U.S. Steel Coalition Seeks Curbs on Korean Imports

U.S. steel producers and labor groups are seeking tighter controls on South Korean steel imports after long-product shipments reached a record 145,300 tons in July. The coalition is requesting a South Korea-specific tariff-rate quota and an investigation into the causes of the import increase.

Historic $15B Iowa steel plant signals Trump tariff strategy is taking shape, industry leader says

Mesabi Metallics plans a $15 billion Iowa steel mill with initial production capacity of 7.5 million tons annually and potential expansion to about 10 million tons. The facility will use iron ore from the company's new Minnesota operation alongside recycled scrap in an integrated U.S. supply chain.

U.S. Raw Steel Production Rises to 1.845M Tons as Utilization Hits 80.5%

U.S. raw steel production rose 3.4% to 1.845 million net tons in the week ended September 26, while mill capability utilization climbed above 80%. Year-to-date output remained 5.3% ahead of 2025.

President Donald Trump announces $15 billion steel mill in Iowa

The president linked the company’s decision to build the new facility in Iowa with his tariff policies.

Global Steel Output Falls in August Amid China Production Slump

The weaker output in China, Asia and several other major producing regions offset gains in North America and Africa,

U.S. Steel Imports Rise to 2.35M Tons in August, But Remain Down Sharply in 2026

U.S. steel imports rose to 2.35 million net tons in August 2026, led by sharp gains in hot-rolled sheet and plate in coils. Despite the monthly increase, total imports remained 15.1% lower through the first eight months of the year.

Rio Tinto, Shougang Commission 10,000-Tonne CO2 Capture Trial at China Steel Plant

Rio Tinto and Shougang have commissioned an industrial-scale carbon capture trial at the Jingtang steel complex in China, capable of processing 3,000 cubic metres of blast-furnace gas per hour and capturing up to 10,000 tonnes of CO2 annually.

BC NDP Pledges Canadian Steel for North Coast Transmission Line as USW Backs Plan

The BC NDP has proposed new “Built in B.C. and Canada” procurement rules that would require Canadian steel for 70% of Phase 1 and all Phase 2 North Coast Transmission Line towers. The United Steelworkers welcomed the proposal while calling for union and prevailing-wage requirements.

Mexico-US Trade Talks Delayed as Tariff Relief Tops Agenda

The fourth round of U.S.-Mexico trade negotiations has been postponed until potentially October, while officials continue daily technical talks over steel, aluminum and auto tariffs, automotive content rules, Chinese investment and other USMCA issues.