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Latest News

U. S. Steel Opens Big River Electrical Steel Line

17 October 2023 - United States Steel Corporation has cut the ribbon on its 200,000-ton electrical steel line at its Big River facility.

River Metals Recycling Makes Acquisition

16 October 2023 - Nucor’s recycling subsidiary River Metals Recycling (RMR) has acquired all Cincinnati, Ohio, USA-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, the company has announced.

Primetals Technologies Joins Effort to Recast Ukrainian Metals Industry 

12 October 2023 - Primetals Technologies will cooperate with the Ukrainian government on rebuilding the country’s metals industry and help it incorporate green production technology. 

Report: Tesla Sourcing Outokumpu Stainless Steel for Cybertruck 

12 October 2023 - Outokumpu reportedly is providing stainless steel to Tesla for Cybertruck exteriors, according to the Bloomberg news service. 

POSCO Recovers Investment in Australian Iron Ore Operation 

10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment. 

Report: EU to Initiate Anti-Subsidy Investigations on Chinese Steel 

10 October 2023 - The European Union reportedly will launch trade investigations into unfairly subsidized Chinese steel as a result of discussions with the U.S. over the proposed a Global Arrangement on Sustainable Steel and Aluminum, reports the (London) Financial Times. 

H2 Green Steel Sees Opportunity for Canadian Facility 

10 October 2023 - Swedish steel startup H2 Green Steel and the Canadian government are discussing the potential for an iron facility or a steel mill in Quebec, reports the Bloomberg news service. 

Danieli Lands Order for Polish Mill Upgrade 

10 October 2023 - CMC Poland has contracted Danieli Automation to revamp its rolling mill, the equipment supplier reports. 

Nucor Officially Cuts the Ribbon on New Plate Mill 

09 October 2023 - Local and state leaders in Kentucky gathered with Nucor Corp. executives to cut the ribbon on the steelmaker’s new plate mill, reports The (Elizabethtown, Ky.) News-Enterprise newspaper.

SAIL Mill Contracts Japan’s Air Water for Industrial Gases

09 October 2023 - Japanese industrial gas supplier Air Water will invest the equivalent of US$90.6 million in an air separation unit as part of a new supply contract with an Indian steel mill. 

EU Chromium Mine to Become Carbon Neutral By 2025

09 October 2023 - Stainless producer Outokumpu is planning to make the European Union’s only chrome mine carbon neutral by 2025, the company has announced. 

SCHADE Appoints New Managing Director 

09 October 2023 - AUMUND Group’s SCHADE Lagertechnik has named Jan Weckes as managing director, the German company has announced. 

Acerinox Group Mill Signs UHT for Process Control Upgrade 

05 October 2023 - Uvån Hagfors Technology AB (UHT) has been contracted to upgrade the level process control system at South Africa’s Columbus Stainless, the company reports. 

EU Regulators OK Liberty Steel Acquisition of Hungarian Mill 

05 October 2023 - The European Commission has signed off on Liberty Steel’s plan to acquire the entirety of Hungary-based steelmakers ISD Dunaferr and ISD Kokszoló. 

Finkl Steel Turns to ABB for Electrical System Solution

03 October 2023 - An ABB upgrade has helped Finkl Steel resolve a long-standing production and maintenance issue at its facility in Sorel, Que., Canada. 

Algoma, U. S. Steel Sign Iron Ore Agreement 

03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production. 

Danieli to Build Vertical Slab Caster for French Mill 

03 October 2023 - ArcelorMittal subsidiary Industeel has ordered a Danieli vertical slab caster for its Le Creusot plant in France. 

Auto Strikes Begin to Dent Steel Demand 

02 October 2023 - The United Auto Workers strike is beginning to impact the steel market, which has already been dealing with softening prices for flat-rolled products, reports the Wall Street Journal. 

Nippon Steel Works Shuttered After 70 Years of Operation

02 October 2023 - Nippon Steel Corp. has closed its historic Kure plant, bringing to an end seven decades of production. 

Tata Steel Reaps Big Gains With Big Data 

02 October 2023 - Through the use of big data and artificial intelligence, Tata Steel estimates that it has driven US$1.4 billion in EBITDA savings and is looking for more, reports The Hindu BusinessLine newspaper. 

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