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Latest News

Nucor, SDI Share Q1 2022 Earnings Guidance

17 March 2022 - Both companies reported strong quarters throughout 2021 and in Q1 of 2022, they are expecting a quarter similar to their last quarters in 2021.

Commercial Metals Company Reports Record Second Quarter Earnings

17 March 2022 - Commercial Metals Company (CMC) earned US$383.3 million in revenue on net sales of US$2 billion in its fiscal second quarter, its second-best performance in the company’s history, according to an official press release.

U.K. Government Hits Russian Steel Imports With 35% Tariff

16 March 2022 - The U.K. government announced a new wave of economic sanctions against Russia, including a 35% tariff hike on Russian iron and steel imports.

U.S. Commerce Department Sets Preliminary Duties on Russian OCTG Imports

15 March 2022 - On Monday, the U.S. Department of Commerce issued a preliminary determination that affirms Russian exporters of oil country tubular goods (OCTG) received countervailable subsidies.

New Green Hydrogen Plant Project to Support British Steel’s Decarbonization

14 March 2022 - Last week British Steel Ltd. celebrated the launch of a hydrogen electrolyzer plant project near its Teesside, U.K., steel works that will eventually provide the steelmaker with a local source of renewable green hydrogen for net-zero steel production.

European Union Bans Key Iron and Steel Imports From Russia

14 March 2022 - The European Union announced last Friday that it will prohibit imports of “key goods in the iron and steel sector” from the Russian Federation, the latest in a series of severe economic sanctions placed on the country in response to its invasion of Ukraine.

ArcelorMittal Tubarão Becomes First Steel Mill in the Americas to Earn ResponsibleSteel Certification

10 March 2022 - The Brazilian mill has been recognized by global standards initiative ResponsibleSteel for its environmental, social and governance (ESG) performance, the steelmaker said.

Reports: JSPL Expects to See Demand Boost Created by War in Ukraine

10 March 2022 - India's Jindal Steel and Power Ltd. (JSPL) said it anticipates its exports to jump from 25% currently to 40% following the loss of steel production in Russia and Ukraine, according to The Economic Times.

Tenova and Salzgitter Shake Hands on 2.1-Million-Ton DRI Plant

08 March 2022 - Tenova has signed a memorandum of understanding with Germany’s Salzgitter AG to build a 2.1-million-metric-ton direct reduced iron (DRI) plant, the supplier announced today.

DeSHAZO Acquires Integrated Machinery Solutions

08 March 2022 - Integrated Machinery Solutions (IMS), located in Azle, Texas, USA, was acquired by DeSHAZO, according to a press release.

Advanced Gauging Technologies Receives First Order

08 March 2022 - Metals USA has placed an order with Advanced Gauging Technologies for their AGT Mult-Width™ Gauge.

Schnitzer Steel Launches Line of Net-Zero Carbon Products

08 March 2022 - The manufacturer of recycled metal products announced yesterday the launch of a line of net-zero carbon products from its Cascade Steel operation in McMinnville, Ore., USA

Air Products, SARGAS to Build Additional Air Separation Unit at Jindal Shadeed Iron & Steel

08 March 2022 - The unit will be the third installation at Jindal Shadeed Iron & Steel in Sohar, Oman, and will increase the company’s nitrogen and oxygen production by 50%, according to Air Products.

AZZ Buys Precoat Metals in US$1.28 Billion Deal

08 March 2022 - AZZ Inc. will acquire Sequa Corp.’s Precoat Metals division for approximately US$1.28 billion, the company announced yesterday.

Italian Steelmakers Partner on Coil Mill Joint Venture in Tunisia

07 March 2022 - Italy’s Marcegaglia Group has purchased a 50% joint venture stake in Sideralba S.p.A.’s galvanized coil subsidiary in Tunisia, according to Italian-language newswire agency ANSA.

Tenova to Build Largest Hydrogen DRI Plant in China for Baowu Group

03 March 2022 - Sinosteel Engineering & Technology Co. Ltd. has partnered with Tenova to build a 1-million-metric-ton direct reduced iron (DRI) plant for China’s Baosteel Zhanjiang Iron & Steel Co. Ltd., Tenova reports.

ArcelorMittal Acquires Scottish Steel Recycler

03 March 2022 - ArcelorMittal announced it has acquired recycling business John Lawrie Metals Ltd., based in Aberdeen, Scotland.

Ryerson Acquires Sheet Metal Fabricator

02 March 2022 - Industrial metals processor and distributor Ryerson Holding Corp. announced today its acquisition of sheet metal fabricator Apogee Steel Fabrication Inc.

POSCO to Build a Digital Twin to Test Hydrogen Technologies

02 March 2022 - The South Korean steelmaker is planning to build a virtual steel mill in which it can test hydrogen reduction steelmaking technology, according to BusinessKorea.

SDI, Rio Tinto, Nippon Steel Trading Back Renewable Biocarbon Producer

02 March 2022 - Aymium announced yesterday that it has secured Series B funding to support capacity expansion and increased deployment of its environmental technologies, with Steel Dynamics Inc., Rio Tinto and Nippon Steel Trading on board.

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