Steel News

Deacero Announces US$1 Billion Investment

19 September 2023 - Mexican steelmaker Deacero plans to add 1.2 million tons of capacity, a US$1 billion investment to be carried out over the next three years, reports Recycling Today.

TYASA, Danieli Partner on SBQ Mill Build

19 September 2023 - Danieli has won a contract to build a 350,000-ton bar mill for Mexico’s TYASA, the equipment manufacturer reports.

Mercedes-Benz Chooses SDI for Low-CO2 Steel

19 September 2023 - Steel Dynamics Inc. (SDI) will provide more than 50,000 metric tons of reduced-CO2 steel to Mercedes-Benz’s plant in Alabama under a newly signed procurement agreement, the automaker has announced.

U.K. Agrees to Help Fund Tata Steel Decarbonization Effort

15 September 2023 - The U.K. government has agreed to provide GBP500 million in support of Tata Steel’s EAF conversion at its Port Talbot works, the company has announced.

Nucor Forecasts Lower Q3 Earnings

15 September 2023 - Nucor Corp. said it expects its third-quarter earnings to decline by more than one-third on lower steel prices, the company said Thursday.

Volvo Agrees to Purchase Green Steel

14 September 2023 - Volvo Group has committed to purchasing low-CO2 steel from H2 Green Steel’s planned plant in northern Sweden, the company has announced.

voestalpine Embarks Upon a New Era in Steelmaking

14 September 2023 - voestalpine has broken ground on a EUR450 million electric arc furnace (EAF) at its Donawitz plant in Austria, the first of two that the steelmaker will build, the company has said.

Midrex: Global DRI Output Increased in 2022

14 September 2023 - Global direct reduced iron (DRI) production rose 6.9% last year, growing to a record 127.4 million metric tons, according to Midrex Technologies’ annual tally.

BlueScope Executes On New Zealand EAF Project

11 September 2023 - The steelmaker announced that it has received board approval on a NZ$300 million (US$177 million) electric arc furnace (EAF) project at its New Zealand Steel works at Glenbrook, and that the project has moved into execution.

Acciaieria Arvedi Commissions Danieli Heavy-Duty Shredder Plant

11 September 2023 - Danieli announced today its Danieli Centro Recycling high-performance, shredder-based, steel scrap processing plant is being commissioned at Acciaieria Arvedi in Cremona, Italy.

H2 Green Steel Exploring Projects in North America, South America

07 September 2023 - As H2 Green Steel looks to build its first plant in Sweden, it also is weighing potential green hydrogen and direct reduction projects in the U.S., Canada, Brazil and Portugal, reports the (London) Financial Times.

H2 Green Steel Lines Up EUR1.5 Billion in Equity Funding

07 September 2023 - European steel startup H2 Green Steel has raised approximately EUR1.5 billion in equity from a group of investors, a round that will finance its planned green steel plant and a giga-scale hydrogen electrolyzer.

Acquisition Expands Primetals Technologies Cutting Tech Know-How

07 September 2023 - Primetals Technologies has acquired the assets and intellectual property of Spain’s Torch-Cutting Technologies (TCT) in a deal that will complement its offerings in cutting technology.

Boston Metal Closes on US$262 Million in Series C Funding

07 September 2023 - Boston Metal, a startup that is developing an electrolysis-based processed for ironmaking, has closed on US$262 million in Series C fundraising, the company has announced.

ANDRITZ to Build Cold Mill for ArcelorMittal France

07 September 2023 - ArcelorMittal France has placed an order with ANDRITZ for a reversible 6-high cold mill to produce light-gauge, non-oriented electrical steels, the equipment manufacturer has announced.

Tata Steel, ABB Ink MoU Focused on Low-CO2 Solutions

07 September 2023 - Tata Steel and ABB have agreed to work together on developing models and technologies intended to reduce steel’s carbon footprint.

Danieli Receives Order for Brazilian Cold Mill

05 September 2023 - German cold-rolled strip producer Waelzholz has contracted Danieli to build a 4-high reversing mill for a facility in Brazil.

JFE Plans to Raise Capital for Decarbonization, Expansion Projects

05 September 2023 - Japan’s JFE Holdings is moving to raise approximately JPY200 billion (US$1.37 billion) for decarbonization projects and to expand electrical steel production, according to NikkeiAsia.

CELSA Creditors Win Control of Company

05 September 2023 - Creditors of Spanish long products maker CELSA Group will take control of the company after a judge approved a multi-billion-euro restructuring plan.

Report: U.K. Government Discussing Aid Package for Tata Steel

05 September 2023 - Tata Steel is in advanced talks with the U.K. government on an aid package that would provide the steelmaker with GBP500 million, reports Sky News.