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Latest News

Gerdau Gives Final OK to Furnace Modernization Project

11 November 2022 - Gerdau has issued the final acceptance certificate on an electric arc furnace (EAF) modernization at its Monroe, Mich., USA, special steel plant, reports project contractor Primetals Technologies.

Lower Prices, Destocking Bite Into ArcelorMittal Q3 Profits

10 November 2022 - ArcelorMittal saw its third-quarter profits cut by more than 75% on reduced shipments and lower prices for those shipments.

Salzgitter Throttles Up New Galvanizing Line

10 November 2022 - German steelmaker Salzgitter has begun ramping up its new No. 3 hot-dip galvanizing line, a EUR200 million investment meant to help strengthen its position as a supplier of premium sheet to auto and appliance manufacturers.

Algoma Reports Progress on EAF Installation

09 November 2022 - Algoma Steel’s transformative electric arc furnace (EAF) installation remains on track, despite a number of operational setbacks elsewhere that dampened the company’s fiscal second-quarter results.

Shell Acquires Biobased Lubricants Business

09 November 2022 - Shell subsidiaries in Europe and the U.S. are acquiring the environmentally considerate lubricants (ECLs) business of the PANOLIN Group, the energy company has announced.

U. S. Steel, USW Reach Tentative Labor Agreement

08 November 2022 - The United Steelworkers (USW) union and United States Steel Corporation tentatively have agreed to a four-year labor contract that provides base wage increases and improvements to benefits, the company announced on Tuesday.

Great Lakes Industry Group Will Pursue DOE Hydrogen Hub Grant

07 November 2022 - An industry-led consortium that includes Linde and Cleveland-Cliffs Inc. is moving ahead with an application for federal funding to support development of a hydrogen hub in the Great Lakes region.

POSCO Plate Certified for Use in Wind Towers

07 November 2022 - Standards maker Det Norske Veritas (DNV) has certified a POSCO plate steel for use in wind turbines, a decision that POSCO says will help make turbines even more environmentally friendly.

RHI Magnesita Names Regional Leadership

03 November 2022 - Refractories maker RHI Magnesita has reorganized, splitting operations into five global regions, and has named an industry veteran to oversee its North American unit.

Former Big River Chief Executive Brings Another Mill Project to Arkansas

01 November 2022 - Steel executive Dave Stickler, whose investment firm helped start Big River Steel, is launching a new, US$500 million mini-mill project in Arkansas, he revealed on Tuesday.

ArcelorMittal to Trial Carbon Capture Tech in North America, Europe

27 October 2022 - ArcelorMittal will test out carbon capture technology at plants in Europe and North America under a newly signed agreement, the steelmaker said on Thursday.

JSW Steel Lines Up Financing for U.S. Plate Mill Modernization

27 October 2022 - JSW Steel has secured US$182 million in financing for the modernization of its Baytown, Texas, plate mill, the company reports.

Nucor Taps Fives for Tube Line Improvement

26 October 2022 - Nucor Corp.’s tubular products group has contracted industrial engineer Fives for a new tube packaging system and cut-off at its Marseilles, Ill., USA, plant.

H2 Green Steel Finds Debt Financing for Mill Project

26 October 2022 - Swedish steelmaking startup H2 Green Steel has tentatively arranged EUR3.5 billion in debt financing to support construction of its planned mill, the company reports.

Ford in Europe Signs for Low-CO2 Steel

25 October 2022 - Ford Motor Co.’s European operation has signed memorandums of understanding (MOUs) with three steelmakers to buy low-CO2 steel for its vehicles, the automaker said Tuesday.

Primetals Technologies Signs On for Maintenance Service Contract With JSW Dolvi

21 October 2022 - The contract covers comprehensive maintenance services, including spare parts, for the new continuous slab casters at JSW Dolvi in Maharashtra, India, the equipment supplier announced yesterday.

British Steel Expands Structural Section Offerings

21 October 2022 - The company has added 71 beams and columns to its Advance® structural sections product line, which are geared toward the construction sector.

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.

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