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Latest News

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.

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.

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