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Latest News

Jindal Shadeed Iron and Steel Renews Contract With Harsco Environmental

11 January 2022 - Harsco Corp. announced last week that Oman’s Jindal Shadeed Iron and Steel LLC (JSIS) has re-upped its contract with the company’s Environmental division.

CMC Reports Record First-Quarter Results

11 January 2022 - Commercial Metals Company (CMC) yesterday announced financial results for its fiscal first quarter ending 30 November 2021, which included record core EBITDA levels for the third consecutive month.

Commercial Metals Company To Build New Micro-Mill in Eastern U.S.

10 January 2022 - Commercial Metals Company (CMC) announced this morning that it intends to build a brand-new long products micro-mill somewhere in the eastern United States.

ATI California Facility Sold to Ulbrich Stainless

10 January 2022 - Steel re-roller and distributor Ulbrich Stainless Steels & Special Metals Inc. has acquired ATI Specialty Rolled Products’ Pico Rivera, Calif., USA, service center, according to an official press release.

POSCO and HBIS Break Ground on Automotive Sheet Joint Venture

10 January 2022 - POSCO and HBIS Group announced last Friday that work has begun on a new US$647 million sheet mill located in China’s Hebei province, reports the Reuters news service.

AISI: Preliminary Steel Import Volumes Up Nearly 50% From 2020

06 January 2022 - The U.S. imported 32.6 million net tons of steel in 2021, up 48.2% from the prior year’s total, according to preliminary numbers.

New Year Brings New Tariff Quota System for EU Steel Imports

05 January 2022 - New import rules for EU-made steel took effect this week, capping shipments at 3.3 million metric tons before tariffs kick in.

Texas Slitting Line Enters Service

05 January 2022 - Toll processor Ferrous 85” Co. has put a massive new slitter into commercial operation at Steel Dynamics Inc.’s (SDI) Sinton, Texas, USA, flat-rolled mill, the company reports.

Mazzella Companies Expands U.S. Footprint Through CIS Acquisition

05 January 2022 - Overhead lifting and rigging equipment manufacturer and distributor Mazzella Companies has acquired Contractors & Industrial Supply Co. Inc. (CIS) for an undisclosed amount, the company has announced.

Danieli Corus Tapped for Two Blast Furnaces for Hoa Phat

05 January 2022 - The two blast furnaces will add 5.6 million metric tons per year of capacity to the Vietnamese steelmaker’s Dung Quat steel complex II, according to Danieli.

Report: ArcelorMittal and Partners Receive €10M for Electrolysis Plant in Bremen

04 January 2022 - According to reports, ArcelorMittal Bremen, swb AG and EWE AG have received a subsidy of more than €10 million to construct a 12-MW electrolysis plant in Bremen, Germany, to produce green hydrogen by means of renewable energy.

AZZ Inks Deal to Purchase Steel Creek Galvanizing

04 January 2022 - AZZ Inc. announced yesterday that it has acquired South Carolina, USA-based galvanizer Steel Creek Galvanizing Co. LLC for an undisclosed sum.

Essar Group Completes Land Deal for Saudi Arabian Mill

21 December 2021 - India’s Essar Group has signed for 3 million square meters of land in Saudi Arabia, where it plans to build a flat-rolled steel plant, reports Kallanish Commodities.

Metalloinvest Launches Ore Beneficiation Pilot Plant

21 December 2021 - Metalloinvest announced last week the launch of a pilot plant at Mikhailovsky GOK intended to model iron ore beneficiation processes and develop new high-quality products.

Rotax Metals Inc. Acquired by Reliance Steel & Aluminum Co.

21 December 2021 - California-based Reliance Steel & Aluminum Co. announced yesterday that it has acquired service center Rotax Metals Inc.

Ternium Announces US$98 Million Expansion to Louisiana Mill

20 December 2021 - Ternium USA Inc. last week unveiled plans to build a second steel coil coating line at its Shreveport, La., USA, facility, according to a report by the Shreveport Times.

Another Record Quarter Expected for SDI

17 December 2021 - Steel Dynamics Inc. (SDI) provided earnings guidance yesterday for the fourth quarter of 2021 ranging from US$5.46 to US$5.50 per diluted share.

Metinvest, SMS group Sign MOU on Decarbonization Technologies

16 December 2021 - SMS group announced yesterday it has signed, along with its subsidiary Paul Wurth, a Memorandum of Understanding (MOU) with Metinvest to work together to tackle decarbonization.

Nucor Anticipates Another Record Quarter

15 December 2021 - In a press release today, Nucor Corp. issued guidance for its fourth quarter ending 31 December 2021, which it expects to be the highest in the company’s history.

ABB Unveils New Electromagnetic Stirring Technology

15 December 2021 - Technology company ABB announced today the launch of its Tundish EMS solution to help steelmakers overcome the limited ability of the tundish vessel to control the flow of molten metal.

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