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Latest News

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. 

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. 

Primetals Technologies Receives Order for Two LD Converters

30 August 2023 - ArcelorMittal’s Brazilian unit has placed an order with Primetals Technologies for two basic oxygen furnaces and gas cleaning equipment, according to the equipment supplier. 

Cleveland-Cliffs Reaches Tentative Labor Agreement With Minnesota Iron Ore Miners

30 August 2023 - Newly unionized workers at Cleveland-Cliffs Inc.’s Northshore taconite operation in Minnesota have reached a tentative labor agreement with the steelmaker. 

U. S. Steel Begins Sharing Company Info With Potential Buyers

29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday. 

Mill Steel Announces New Location, Expands Existing Facility   

29 August 2023 - Michigan-based flat-rolled distributor Mill Steel Co. is establishing a new location in Mansfield, Ohio, USA, in support of its entrance into the flat-rolled stainless and aluminum markets and concurrently investing US$18 million in its Detroit, Mich., facility. 

Nucor Celebrates Start of Work on Third Micro-Mill 

28 August 2023 - Nucor Corp. broke ground Friday on its planned rebar micro-mill in Lexington, N.C., USA, marking the start of work on what will be its third such facility. 

Blastr Green Steel Makes Headway on Proposed Nordic DRI-EAF Facility 

28 August 2023 - A European start-up steel producer hopes to name an engineering partner and equipment suppliers sometime in the next few months and is laying the procedural groundwork for its environmental impact assessment, the company reports.  

UAW Takes Strike Authorization Vote Against Big 3 Automakers

25 August 2023 - Members of the United Auto Workers have empowered union leaders to call strikes, if deemed necessary, as they negotiate new contracts with General Motors, Ford and Stellantis. 

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