Steel News

Nucor Forecasts Q4 Earnings Decline

17 December 2024 - Nucor Corp. is cautioning that fourth-quarter earnings are expected to fall more than 80% over the same quarter last year.

SSAB Secures Domestic Scrap Source

12 December 2024 - SSAB has signed a strategic cooperation agreement with Swedish recycler Stena Metall, providing for deliveries of recycled scrap metal to SSAB’s new electric arc furnace in Oxelösund.

SMS group Tapped for EAF Power Feeder System

27 November 2024 - SMS group has been contracted to integrate an electrical direct feed system into a new electric arc furnace being built at SSAB’s Oxelösund steel plant in Sweden.

Celsa Group Divests U.K., Nordic Facilities

21 November 2024 - Spain’s Celsa Group has agreed to sell mills in the United Kingdom and the Nordic region to Sev.en Global Investments, a Czech-based investment group.

Primetals Technologies Bags Order for U.S. EAF

20 November 2024 - Primetals Technologies has won an order for a 68-ton electric arc furnace from an unidentified U.S. producer.

Plasma Specialist Signs for Tech Trial at Major Steel Manufacturer

19 November 2024 - PyroGenesis Inc., a Canadian company that develops and manufacturers plasma-based solutions for iron ore pelletization, will trial its technology with a multinational steel producer, the company has said.

Shougang Selects Danieli EAF Technology for Automotive Exposed Grades

05 November 2024 - China’s Shougang has awarded Danieli a contract for a 160-ton ZERO BUCKET® electric arc furnace, which will be used to produce automotive exposed grades, Danieli announced.

Tata Steel UK Orders Tenova EAF

21 October 2024 - Tenova has received an order from Tata Steel UK for a high-productivity electric arc furnace, the equipment manufacturer reports.

SHS Group Chooses Technology Suppliers for Process Conversion

16 October 2024 - Germany’s SHS Group has awarded contracts for a direct reduction plant and two electric arc furnaces, the central components of a decarbonization project at its Dillinger/Saar and Völklingen plants.

SSAB Contracts Engineering Partner for Mini-Mill Build

08 October 2024 - SSAB has selected Swedish engineering firm AFRY as its main engineering partner for its Luleå mini-mill project.

Systems Spray-Cooled Announces Order from Danieli

30 September 2024 - EAF components manufacturer Systems Spray-Cooled has received an order for furnace cooling equipment from Danieli, which is building two new 65-ton AC units for Austrian steelmaker

H2 Green Steel Is Now Stegra

12 September 2024 - Swedish startup H2 Green Steel is changing its name to Stegra, a move intended to future proof the company’s image and reflect its ambitions.

NLMK Indiana Completes EAF Overhaul

21 August 2024 - NLMK Indiana successfully has started up a revamped, 118-ton electric arc furnace, according to project contractor Primetals Technologies.

Algoma Steel Wraps Up Plate Mill Upgrade and Eyes Start of New EAF

14 August 2024 - Algoma Steel is calling its plate mill modernization effectively finished and is moving toward commissioning new electric arc furnaces. at its Ontario plant.

INTECO Announces Start of New Mini-Mill

22 July 2024 - Taiwanese specialty alloys maker Gloria Materials Technology Corp. has run the first heat in a new mini-mill supplied by INTECO.

SSAB Greenlights Plan to Build EAF Mill

11 April 2024 - SSAB’s board of directors have given the go-ahead on construction of a EUR4.5 billion EAF mini-mill in Luleå, Sweden.

A Scrap Shortage Is Coming. Steel Producers Should Act Now, Says Boston Consulting Group

14 March 2024 - A global 9-million-metric-ton scrap surplus could become a 15-million-metric-ton deficit by 2030 as more producers adopt EAF technology to meet decarbonization goals, according to a new forecast from the Boston Consulting Group.

Report: South Korea Steelmaker Exploring Possibility of U.S. EAFs

12 March 2024 - Hyundai Steel is weighing the feasibility of building electric arc furnaces (EAFs) in the U.S. as a way to avoid tariffs, carbon emissions limits and competition from Chinese produces, reports The Korea Economic Daily.

Ternium Revises Budget for Mexican Sheet Mill Expansion

22 February 2024 - Inflationary equipment pricing and fluctuations in the exchange rate have forced upward revisions to cost estimates on Ternium’s expansion in Mexico.

Nucor Board Greenlights Funding for New Micro-Mill

21 February 2024 - Nucor Corp.’s board of directors has agreed to allocate US$860 million for construction of a rebar micro-mill, the steelmaker said Wednesday.