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Latest News

ArcelorMittal to Transform French Operations With €1.7 Billion Investment

07 February 2022 - In an official ceremony last week, ArcelorMittal revealed that it has won the backing of the French government for a €1.7 billion plan to decarbonize its Fos-sur-Mer and Dunkirk operations.

SDI Among Fortune’s Most Admired Companies

03 February 2022 - Fortune Magazine has ranked the Indiana-based steel producer among the top in the industry in its annual Most Admired Companies list.

Nucor, Vale Complete Purchase of California Steel Industries Shares

03 February 2022 - In separate statements this week, Nucor and Vale announced that the former’s purchase of the latter’s 50% equity interest in California Steel Industries (CSI) has completed.

Tenova to Provide NextGen® System for Celsa France

03 February 2022 - The French steelmaker has placed an order for Tenova Goodfellow’s iEAF® technology platform using the NextGen® system, Tenova announced yesterday in a press release.

Fortune Magazine Ranks Nucor Top of Its Industry

02 February 2022 - The magazine’s list of World's Most Admired Companies is compiled annually through a survey of nearly 4,000 executives, directors and securities analysts.

Salzgitter Unveils “Salzgitter AG 2030” Strategy

02 February 2022 - The German steel producer today presented its strategy to establish itself as a leader for circular economy solutions through closed-loop value flows and supply chains.

Severstal Invests in New Low-Carbon Hydrogen Technology

02 February 2022 - Severstal has announced that it has invested in Ekona Power Inc., a developer of low-carbon hydrogen production technology.

Gerdau To Cut 10% of Its Carbon Emissions by 2031, Go Carbon Neutral in 2050

02 February 2022 - Gerdau plans to reduce its Scope 1 and 2 emissions rate to less than 50% of the global industry average by 2031 and reach carbon neutrality by 2050, according to an official press release.

Nucor to Modernize Crawfordsville Mill With CGL, Pre-Paint Line

01 February 2022 - The steelmaker announced today that will add a construction-grade continuous galvanizing line and pre-paint line as part of a US$290 million investment in its Crawfordsville, Ind., USA, steel sheet mill.

Steel Dynamics Purchases Minority Interest in New Process Steel

01 February 2022 - Steel Dynamics Inc. (SDI) has acquired a 45% minority stake in metals processor and distributor New Process Steel, the steelmaker reported yesterday.

Tenaris, Saipem and SIAD Sign MoU for CO2 Capture Project

01 February 2022 - A Memorandum of Understanding (MoU) has been signed by Tenaris, Saipem and SIAD to start the design process of a carbon dioxide capture and utilization (CCU) plant.

Gerdau Cosigua Completes Factory Acceptance Tests

01 February 2022 - In a press release, AIC announced that factory acceptance tests were completed at the end of 2021 for the modernization of finishing block technology on Gerdau Cosigua’s Rod Mill #2 in Rio de Janeiro, Brazil.

Metinvest Launched More Than 50 New Products Last Year

01 February 2022 - The company’s metallurgical segment started production on 54 new types of products in 2021, Metinvest announced last week.

SSAB Plans SEK 45 Billion Investment to Accelerate Green Transformation

31 January 2022 - Last week SSAB laid out an aggressive new decarbonization strategy that, if implemented, would allow the steelmaker to eliminate most of its carbon emissions by 2030.

U. S. Steel Reports Q4 and 2021 Annual Earnings

28 January 2022 - United States Steel Corporation president and chief executive David B. Burritt said the organization is a “fundamentally different company from a year ago” as it reports record earnings in 2021.

GE to Upgrade Algoma Steel’s Power Generation Capabilities

28 January 2022 - As part of its transition to electric arc furnace steelmaking, Algoma Steel Group Inc. announced yesterday that it has awarded GE Gas Power a contract to upgrade its natural gas combined cycle power plant.

Record Earnings on the Books for Nucor

27 January 2022 - Nucor Corp. today announced higher-than-expected earnings for the quarter ending 31 December 2021.

U. S. Steel Partners With Carnegie Foundry to Accelerate Advanced Robotics

27 January 2022 - The two Pittsburgh, Pa., USA-based companies announced yesterday a strategic investment and partnership to accelerate and scale up industrial automation driven by advanced robotics and artificial intelligence, according to a press release from United States Steel Corporation.

ArcelorMittal’s Latest XCarb Investment Aims to Disrupt Hydrogen Electrolysis Technology

27 January 2022 - ArcelorMittal’s XCarb™ innovation fund has awarded US$5 million to H2Pro, a startup developing an energy-efficient and cost-effective alternative to water electrolysis for generating green hydrogen.

voestalpine Upgrades Facilities With Photovoltaic Systems

27 January 2022 - The company announced this week it is installing photovoltaic systems at its sites, capable of generating nearly 6 MWp, which is enough green energy to drive 10,000 electric vehicles around the world once a year.

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