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Latest News

LIBERTY Steel USA Refinances Debt

16 December 2022 - LIBERTY Steel USA has refinanced a term loan and raised an existing asset-based lending facility to US$150 million, moves that will provide the wire rod producer with additional liquidity, the company has announced. 

British Steel Turns to Danieli for Wire Rod Mill Improvement 

16 December 2022 - British Steel has ordered intelligent guides from Danieli Morgårdshammar Guide Systems for its 4-strand wire rod mill in Scunthorpe, England, the equipment manufacturer reports. 

Nucor Names New Executive Vice President 

15 December 2022 - Nucor Corp. vice president and AIST member Noah Hanners is being promoted to executive vice president, the company said on Tuesday. 

U. S. Steel Starts Pig Iron Caster 

14 December 2022 - United States Steel Corporation’s US$60 million pig iron caster has produced its first batch and is beginning to ramp up, reports The Times newspaper of northwest Indiana.

Report: Renewables Could Overtake Coal as World’s Largest Power Source by 2025

14 December 2022 - Russia’s invasion of Ukraine and the energy crisis it set in motion are greatly accelerating the growth of renewable energy capacity, so much so that renewables could surpass coal as largest global source of electricity by 2025, reports the International Energy Agency (IEA). 

EU Reaches Agreement on Carbon Border Adjustment Mechanism 

13 December 2022 - The European Union has reached a tentative agreement on a plan to tax imported goods whose manufacture produces high levels of carbon dioxide. 

Cleveland-Cliffs Introduces Electrical Steel for High-Frequency Motors 

13 December 2022 - Cleveland-Cliffs Inc. is bringing to market a branded line of non-oriented electrical steels designed for high-frequency motors and generators, the company has announced. 

Ternium Orders Push Pickling Line for Mexican Mill  

13 December 2022 - ANDRITZ has received an order for a high-end push pickling line (PPL) that will process advanced high-strength steel grades, the company has said. 

Harsco JV to Provide Scrap, Slag Services at Turkish Mill 

13 December 2022 - Turkish steel sheet and pipe maker Tosyali Holding has contracted joint venture Tosyali Harsco to provide certain services at its new greenfield steel plant in Sariseki. 

WTO Rejects Section 232 Steel and Aluminum Tariffs

09 December 2022 - The World Trade Organization (WTO) has ruled that the U.S. Section 232 steel and aluminum tariffs are improper under international trade rules and should be revisited, a conclusion that was quickly dismissed by the Biden administration. 

BlueScope Names New North American CEO 

09 December 2022 - BlueScope Steel has tapped its chief human resources officer to lead its North American operations and is making other changes to its executive leadership team, the company has announced. 

CMC Selects West Virginia for New Micro-Mill

08 December 2022 - Commercial Metals Co. will build its fourth micro-mill in Berkeley County, W.Va., USA, the long products maker said on Thursday. 

ArcelorMittal Celebrates Start of Offgas Recycling Plant 

08 December 2022 - ArcelorMittal’s integrated mill in Ghent, Belgium, has inaugurated a EUR200 million system that captures offgases and converts them to ethanol. 

Cleveland-Cliffs Signs for 180 MW of Wind Power, Advances Carbon Capture Project

07 December 2022 - Cleveland-Cliffs Inc. will buy 180 megawatts of wind energy under a long-term agreement and is developing a large-scale carbon capture project, the company announced on Wednesday. 

Systems Spray-Cooled Lands Order for Micro-Mill Furnace Components 

07 December 2022 - Electric arc furnace (EAF) cooling specialist Systems Spray-Cooled has received an order from Nucor Corp. for components that will serve the steelmaker’s planned Lexington, N.C., USA, micro-mill. 

Japanese Steelmakers Consider Increasing Electrical Steel Investment

07 December 2022 - Nippon Steel Corp. and JFE Steel Corp. are eying additional investments in electrical steels as demand for electric vehicles increases, according to the Bloomberg news service. 

POSCO Lays Green Bet on Australia  

05 December 2022 - South Korea’s largest steel producer plans to invest US$40 billion in hydrogen, direct reduced iron and green steel production in Australia over the next 15 years, reports commodities news and pricing service Argus. 

Saarstahl Prepares to Move Ahead on DRI, EAF Conversion

05 December 2022 - Saarstahl AG leaders are greenlighting a EUR3.5 billion plan to build two electric arc furnaces (EAFs) and a direct reduction plant at sites in Germany, the company has said. 

Omani Steelmaker Looks to Build Green Mill 

05 December 2022 - Oman’s Jindal Shadeed Group has announced plans to build a 5-million-ton green steel plant at the country’s Port of Duqm, reports the English-language Arab News newspaper. 

Gerdau Invests in Solar, Wind Energy Developer 

01 December 2022 - Gerdau is taking a stake in renewable energy producer Newave Energia as a way to support its decarbonization goals, according to a company announcement. 

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