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Latest News

Nucor Foresees Record-Breaking Earnings for 2022

20 October 2022 - The steelmaker said despite challenging market conditions amid economic uncertainty, it expects 2022 to be the most profitable year in the company’s history.

Steel Dynamics Reports Record Shipments in Third Quarter

20 October 2022 - In its third-quarter earnings results, Steel Dynamics Inc. yesterday said it achieved record quarterly steel shipments of 3.2 million tons.

JSPL Signs MoU for 1,000 MW of Carbon-Free Energy

20 October 2022 - In line with its goal to become a net-zero steelmaker by 2035, India’s Jindal Steel & Power Ltd. (JSPL) has signed a memorandum of understanding with energy transition and decarbonization solutions firm Greenko Group to facilitate 1,000 MW of carbon-free energy for its steelmaking operations at Angul, Odisha.

War, Inflation Lead worldsteel to Revise Down Steel Demand Forecast

19 October 2022 - Global steel demand is expected to decline 2.3% this year as persistent inflation, rising interest rates and Russia’s invasion of Ukraine slow the worldwide economy, according to a new forecast from the World Steel Association (worldsteel).

LIBERTY Steel Trials Coal Substitute

19 October 2022 - LIBERTY Steel UK has wrapped up a successful trial of a coal substitute in its electric steelmaking operation in Rotherham, England.

Forger Turns to Danieli for First Long Products Mill

18 October 2022 - Mexican forged products maker Frisa has contracted Danieli to build what will be the company’s first long products rolling mill.

worldsteel Sets 2022–2023 Leadership

18 October 2022 - The World Steel Association (worldsteel) has elected its leadership slate for the 2022–2023 term, naming POSCO Holding chief executive Jeong-Woo Choi as chairman.

SMS group Gets the Nod for Green Steel Mill Project

17 October 2022 - Steelmaking start-up H2 Green Steel has selected SMS group to provide the main process equipment for its planned mill in Sweden.

Salzgitter Reports Success With Hydrogen Electrolyzer Trial Run

17 October 2022 - Salzgitter is wrapping up what it calls a successful trial with high-temperature electrolysis for hydrogen production and steel production.

Potential Green Steel Mill Brings Cargill Together with Start-Up Producer

17 October 2022 - Cargill’s iron ore and steel trading business is teaming up with a Nordic start-up aiming to build a green fossil-fuel-free steel mill in the next few years.

Ground Broken for New Steel Processing Facility

17 October 2022 - Kentucky officials helped break ground Wednesday on a planned steel processing plant that will produce advanced high-strength material for the military.

ArcelorMittal Celebrates Start of Dofasco Decarbonization Project

13 October 2022 - ArcelorMittal Dofasco on Thursday broke ground on its CA$1.8 billion process conversion project that will transition it to a direct reduction–electric arc furnace route.

thyssenkrupp Cuts the Ribbon on New Hot-Dip Line

13 October 2022 - thyssenkrupp has inaugurated a EUR250 million hot-dip galvanizing line that will make the company’s Dortmund, Germany, facility a manufacturing center for premium galvanized flat steels.

United Steelworkers Members Accept Labor Agreement at Cleveland-Cliffs

12 October 2022 - Members of the United Steelworkers union have ratified a new four-year agreement with Cleveland-Cliffs Inc., the company said on Wednesday.

Danieli Bags Order for Scrap Shredder

12 October 2022 - Mexican steel scrap processor DIMECA has ordered a shredder from Danieli, the mill builder reports.

H2 Green Steel Partners With Midrex on Direct Reduction Plant

11 October 2022 - H2 Green Steel, a Swedish startup that is planning to build a hydrogen-based steel mill, is partnering with direct reduction specialist Midrex, the company has announced.

Reliance Steel & Aluminum Announces Changing of the Guard

11 October 2022 - Reliance Steel & Aluminum Co. chief executive James D. Hoffman has announced his retirement and plans to step down at the end of the year.

What, Exactly, Is Green Steel? Good Question.

10 October 2022 - Decarbonizing the steelmaking process is a challenge unto itself. But that’s only part of the problem. The other, it seems, is finding agreement on what constitutes green steel.

Regulators Approve Expansion of Indian Mill

07 October 2022 - AM/NS India has received environmental clearance to expand its flagship plant in Hazira, Gujarat, the company reports.

This Company Says It Has a New Way to Decarbonize Steel. Investors Are Getting Behind It.

07 October 2022 - A Colorado-based start-up that is looking to commercialize an electrochemical process for refining iron ore has raised US$85 million in capital.

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