Steel News

SSAB Introduces a Green Steel, and New Growth Targets

28 March 2023 - SSAB has unveiled a branded steel made from scrap and produced with fossil-fuel-free energy.

KOCKS Lands Orders From Two SBQ Mills

28 March 2023 - Rolling and sizing specialist Friedrich KOCKS GmbH & Co. has received two separate orders for its reducing and sizing blocks from Chinese steelmakers, the equipment manufacturer has announced.

CELSA Group Trials Machine Learning Software in Nordic Meltshop

28 March 2023 - CELSA Group’s Norwegian rebar and wire rod mill has launched a pilot program with a machine learning specialist to implement its production optimization software.

GM Recognizes Three Steel Producers

27 March 2023 - Cleveland-Cliffs Inc., Nucor Corp. and POSCO again have taken home supplier honors from General Motors (GM).

Supreme Court Turns Down Challenge to Section 232 Steel Tariffs

27 March 2023 - The U.S. Supreme Court has declined to consider an appeal arising from former President Donald Trump’s Section 232 tariffs on iron and steel, reports the Reuters news service.

Indian Steel Producer Contracts Danieli for Bar Mill Build

23 March 2023 - Danieli has received an order for two high-speed rebar mills from India’s Rungta Group, the plant engineer has announced.

Outokumpu to Consider Nuclear as a Way to Power Steelmaking

23 March 2023 - Outokumpu has signed a memorandum of understanding with Finnish energy producer Fortum to explore the use of nuclear power in its steel operations.

U. S. Steel Puts a Name to Its Latest Electrical Steel

23 March 2023 - With United States Steel Corporation nearing the end of construction on its electrical steel line in Arkansas, the company is introducing a branded line of non-oriented electrical steel.

voestalpine Board OKs EUR1.5 Billion EAF Installation

22 March 2023 - voestalpine will proceed with a EUR1.5 billion investment in two electric arc furnaces (EAFs), with construction expected to start next year, the steelmaker said on Wednesday.

CMC Expands Downstream Construction Reinforcement Business

21 March 2023 - Commercial Metals Company (CMC) has acquired Georgia-based post-tensioning contractor Tendon Systems LLC for an undisclosed amount, the company has said.

Nucor Sheet Mill Complete Software Upgrade

21 March 2023 - Nucor Corp.’s Gallatin sheet mill in Kentucky has implemented a new production planning and scheduling system from SMS group, the plant engineer has said.

U. S. Steel Returns Idled Blast Furnace to Service

20 March 2023 - Improving demand and rising prices have prompted United States Steel Corporation to restart an idled blast furnace.

Steel Manufacturers Association Adds TimkenSteel to Its Roster

20 March 2023 - Special bar quality producer TimkenSteel has joined the Steel Manufacturers Association (SMA), and the steelmaker’s chief executive has joined the trade association’s board of directors.

Nucor Anticipates Profitable Q1

16 March 2023 - Nucor Corp. is expecting a softer first-quarter profit, but said its steelmaking, steel products and raw materials businesses are nevertheless off to a strong start in 2023.

thyssenkrupp Marks Construction Start on Electrical Steel Line

16 March 2023 - thyssenkrupp has laid the first foundation stones for a new annealing and insulating line at its Bochum plant in Germany, ceremonially kicking off construction of the EUR150 million project.

OECD Steel Committee: Big Capacity Growth, but Little Demand Growth in 2023

15 March 2023 - Global steel demand will grow by a mere 1% in 2023, far outpaced by growth in steelmaking capacity, according to the Organisation for Economic Co-operation and Development (OECD)’s steel committee.

ArcelorMittal Takes Ownership of Brazilian Slab Plant

15 March 2023 - ArcelorMittal has finalized its acquisition of Brazil’s Companhia Siderúrgica do Pecém (CSP) for an enterprise value of approximately US$2.2 billion, the steelmaker has said.

Steel Dynamics Sees Healthy Steel Demand, Expects Profitable Q1

15 March 2023 - Steel Dynamics Inc.'s first-quarter earnings are likely to dip roughly 3%, but the company says demand in its steel, scrap and fabricated products businesses remains strong.

Algoma Brings Aboard Project Management Firm for EAF Build

14 March 2023 - Algoma Steel has contracted industrial and civil construction management firm EllisDon to see its electric arc furnace (EAF) project through to completion.

thyssenkrupp DRI Plant to Utilize Midrex Technology

14 March 2023 - Midrex Technologies Inc. will partner with SMS group subsidiary Paul Wurth to build thyssenkrupp’s planned 2.5-million-ton direct reduction plant.