Steel News

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.

Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process

21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.

ABB, SMS group Tag Team on Hot Strip Mill Drivetrain

20 September 2023 - ABB is partnering with SMS group to deliver the medium-voltage motors and drives to the new AM/NS India hot strip mill in Hazira, the companies report.

ANDRITZ Receives Order for 100-MW Electrolyzer

20 September 2023 - Salzgitter has placed an order with ANDRITZ for a 100-MW hydrogen electrolyzer, a facility that will be one of Europe’s largest green hydrogen plants, the steelmaker has announced.

Work Continues on U.S.-EU Green Steel Deal

20 September 2023 - Representatives of the U.S. and European Union are continuing to negotiate a trade deal on green steel and aluminum in advance of a trade summit in the back half of October, reports Politico.

Auto Strike Prompts U. S. Steel to Idle Blast Furnace

19 September 2023 - United States Steel Corporation is temporarily idling the B blast furnace at its Granite City Works amid a strike by the United Auto Workers.

Deacero Announces US$1 Billion Investment

19 September 2023 - Mexican steelmaker Deacero plans to add 1.2 million tons of capacity, a US$1 billion investment to be carried out over the next three years, reports Recycling Today.

TYASA, Danieli Partner on SBQ Mill Build

19 September 2023 - Danieli has won a contract to build a 350,000-ton bar mill for Mexico’s TYASA, the equipment manufacturer reports.

Mercedes-Benz Chooses SDI for Low-CO2 Steel

19 September 2023 - Steel Dynamics Inc. (SDI) will provide more than 50,000 metric tons of reduced-CO2 steel to Mercedes-Benz’s plant in Alabama under a newly signed procurement agreement, the automaker has announced.

U.K. Agrees to Help Fund Tata Steel Decarbonization Effort

15 September 2023 - The U.K. government has agreed to provide GBP500 million in support of Tata Steel’s EAF conversion at its Port Talbot works, the company has announced.

Nucor Forecasts Lower Q3 Earnings

15 September 2023 - Nucor Corp. said it expects its third-quarter earnings to decline by more than one-third on lower steel prices, the company said Thursday.

Egypt Lays Plans for US$1 Billion Mill

14 September 2023 - Egypt is planning to invest US$1 billion in a flat steel facility that would produce for both the domestic and flat-rolled markets, reports Business Insider.

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.