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Latest News

Danieli Bags Order for Forging Press 

17 January 2023 - Italian forging and casting specialist Lucchini RS Group has placed an order with Danieli for an open-die forging press, the equipment manufacturer has said. 

JFE Steel Starts Rebuilt Blast Furnace

16 January 2023 - Japan’s JFE Steel Corp. has relit the No. 6 blast furnace at its East Japan Works after wrapping up a JPY43 billion (US$334.5 million) overhaul.

British Steel Prepares to Commission Billet Caster 

13 January 2023 - Long products maker British Steel is preparing to commission a GBP54 million billet caster this spring, the company reports. 

ArcelorMittal Europe, Distributor Partner on CO2 Reduction Effort 

12 January 2023 - ArcelorMittal Europe’s flat products group and a major customer have agreed to work more closely on reducing carbon dioxide emissions and enhancing their sustainability efforts within the automotive market. 

CMC Sees Spring Start for Arizona Micro-Mill

12 January 2023 - Long products maker Commercial Metals Company (CMC) is building out crews and training them as it begins commissioning equipment at its new Arizona micro-mill, the company’s chief executive said Monday. 

Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings

11 January 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work. 

SSAB Partners With Service Center on Green Steel Distribution 

11 January 2023 - Swedish service center operator Stena Stål has signed a letter of intent with SSAB to distribute the steelmaker’s fossil-fuel-free steel, becoming the first external supplier of the product. 

Primetals Technologies Sees Third of Seven Offgas Cleaning Plants Placed Into Service 

10 January 2023 - Primetals Technologies has started up the third offgas cleaning plant at the Acciaierie D’Italia mill in Taranto, Italy, the plant builder reports. 

Danieli Cheers Nucor Corp. Plate Mill Start

10 January 2023 - Along with Nucor Corp, Danieli is celebrating the rolling of the first plate at the steelmaker’s new US$1.7 billion Kentucky plate mill and calling attention to the role its equipment will play there. 

Healthy Demand Pushes Up CMC’s Q1 Profits 

09 January 2023 - Long products maker Commercial Metals Company (CMC) saw its fiscal first quarter profits rise 12% due in part to strength in North American demand, the company said on Monday. 

Nucor Plate Mill Reaches Start-Up Milestone: Its First Plate

03 January 2023 - Nucor Corp.’s new US$1.7 billion plate mill has rolled its first plate and is undergoing final commissioning, the company announced Tuesday morning. 

Proposed Finnish Steel Mill Finds a Home 

03 January 2023 - Norwegian steel startup Blastr Green Steel has signed a letter of intent with Finnish state-owned energy company Fortum oyj for an industrial site in the western part of the country. 

Outokumpu Finalizes Sale of Long Products Unit  

03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.

Olympic Steel Expands Through US$131 Million Acquisition

03 January 2023 - Olympic Steel Inc. has acquired steel venting and filtration products fabricator Metal-Fab Inc. for US$131 million, the company has announced.

Nucor Announces New Continuous Galvanizing Line for California Steel Industries

20 December 2022 - The 400,000-tons-per-year line to be constructed in Fontana, Calif., USA, will bring California Steel Industries’ (CSI) total hot-dip capacity to 1.2 million tons per year.

Danieli Tapped for Tata Steel SBQ Project

19 December 2022 - Tata Steel Group has selected Danieli to provide a 500,000-tons-per-year special bar quality (SBQ) bar and wire rod mill in Jamshedpur, India, the equipment supplier announced last week.

Steel Dynamics Expects Q4 Earnings to Decline

16 December 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations. 

Nucor Expects Q4 Earnings to Slide, Announces Expansion of Steel Towers Business

16 December 2022 - Nucor Corp. expects its fourth-quarter earnings to fall roughly 45% due in part to lower volumes and lower average selling prices, the company said on Thursday. 

HarbisonWalker Agrees to Be Acquired by Private Equity Firm

16 December 2022 - Refractories maker HarbisonWalker International is being acquired by a private equity firm that plans to expand the manufacturer's reach by combining it with a refractories producer in Europe. 

SMS group Unveils DC Power System for Metals Plants

16 December 2022 - SMS group has launched sales of an internal DC grid that promises to help steel mills decarbonize production and run more efficiently. 

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