Steel News

AIC, Pomini Get the Nod for Swedish Rolling Mill Upgrade

24 February 2023 - Ovako AB has contracted Italy’s Automazioni Industriali Capitanio (AIC) and Pomini Long Rolling Mills to modernize a hot mill at its Hällefors facility in Sweden.

The World’s No. 2 Met Coal Exporter is Spinning Off Its Coal Mines. Here’s Why.

23 February 2023 - Canadian miner Teck Resources Ltd. is splitting off its metallurgical coal business into a separate public company that will be owned in part by two of its biggest steelmaking customers, the company has announced.

Nucor Board Approves Additional Funding for W.Va. Sheet Mill

23 February 2023 - Nucor Corp. has marked up the price tag on its planned West Virginia sheet mill, saying the project will cost US$400 million more than first thought.

Danieli Lands Order for Two Slab Casters

23 February 2023 - Joint-venture steelmaker AM/NS India has contracted Danieli to build two double-strand slab casters for its Hazira works in India, the equipment supplier has announced.

ArcelorMittal Mill Wraps Up Converter Replacement

23 February 2023 - ArcelorMittal Zenica has put a new Primetals Technologies-built LD converter into service, the equipment manufacturer reports.

Flack Global Metals New Investment Arm Buys Building Products Fabricator

23 February 2023 - Flat-rolled distributor and metals trader Flack Global Metals (FGM)has agreed to acquire metal roofing and wall maker Fabral for an undisclosed amount.

IDOM to Consult on Direct Reduction Plant Build

23 February 2023 - A startup ironmaker that is planning to build a hydrogen-based direct reduction plant in southern France has selected consulting engineer IDOM to conduct the pre-feasibility studies, the firm has announced.

Commercial Metals Company Names New President

22 February 2023 - Commercial Metals Company (CMC) chairman and chief executive Barbara R. Smith will be handing off the presidency of the company as part of CMC’s succession planning, the long products maker has announced.

Investment Firm Completes HarbisonWalker Acquisition

22 February 2023 - Private equity investor Platinum Equity has closed on its acquisition of HarbisonWalker International, launching a new era for the refractories maker.

New Roller Leveler Up and Running at Nucor Plate Mill

22 February 2023 - Nucor Corp. has put a new heavy plate roller lever into service at its Tuscaloosa, Ala., USA, facility, according to the manufacturer of the equipment.

thyssenkrupp Exploring Electrical Steel Opportunities in India

20 February 2023 - thyssenkrupp has opened discussions with the Indian government about expanding electrical steelmaking capacity in the country, reports Indian business publication Mint.

Salzgitter Completes Acquisition of German Recycler

20 February 2023 - Salzgitter AG’s scrap and alloys subsidiary Deutsche Erz- und Metall-Union has acquired Germany’s Must-Metalle-Container-Recycling.

Spain Grant to ArcelorMittal Decarbonization Project Cleared

20 February 2023 - The European Commission has OK’d a EUR460 million grant Spain plans to give to ArcelorMittal’s Gijon facility in support of its decarbonization efforts.

Turkish Mills Remain Shut in Earthquake’s Aftermath

16 February 2023 - The devastating earthquakes in Turkey and Syria have disrupted up to one-third of Turkey’s steel production, with mills closing as they look for workarounds to workforce and power problems, reports S&P Global Commodity Insights.

Ternium to Invest US$2.2 Billion in North American Slab Plant, DRI Furnace

16 February 2023 - Ternium announced Tuesday that it will invest US$2.2 billion in a North American electric arc furnace–based slab plant and direct reduction furnace.

GM Signs for U. S. Steel’s Sustainable Steel

16 February 2023 - United States Steel Corporation has signed an agreement to supply General Motors with verdeX, its branded line of sustainable steel, U. S. Steel announced Wednesday.

SSAB to Explore Sustainable Quicklime Use in Steel Production

16 February 2023 - SSAB, a Swedish technology company and a limestone producer will conduct preliminary research on incorporating sustainably produced quicklime into SSAB's steelmaking process.

Heraeus Acquires Steel Plant AI Specialist

16 February 2023 - Molten metal sensors and measurement specialist Heraeus Electro-Nite has acquired a majority position in German startup Smart Steel Technologies (SST).

YK Steel Turns to SMS group for Rebar Mill

13 February 2023 - South Korean steelmaker YK Steel has awarded a contract for a complete rebar mini-mill to SMS group.

Swiss Steel Group Introduces New Thermomechanically Rolled Steel

13 February 2023 - Swiss Steel Group has developed a high-strength steel that reportedly can be made without the need for expensive alloys and supplementary heat treatment.