Steel News

thyssenkrupp CEO Parts Ways With Company

25 April 2023 - thyssenkrupp chief executive Martina Merz will step down from her role at the end of May as the company begins looking to separate its steel business and turns its attention to improving finances.

Forecast: Global Steel Demand to Rise 2.3% in 2023

19 April 2023 - The World Steel Association (worldsteel) has revised up is bi-annual demand outlook, saying that global demand is expected to reach 2.3% this year.

Salzgitter Secures Government Support for Low-CO2 Process Conversion

18 April 2023 - Salzgitter AG will receive EUR1 billion in federal and state support for its low-CO2 project, the German company said on Tuesday.

ArcelorMittal Brazil Plans 554-MW Wind Farm

18 April 2023 - ArcelorMittal Brazil is establishing a 55-45 joint venture that will develop an US$800 million wind farm that will provide more than one-third of the steelmaker’s electricity needs in the country.

Report: Nucor Looking to Break Ground on West Virginia Mill This Summer

18 April 2023 - Nucor is working to secure federal permits for its planned West Virginia sheet mill, but company officials said they are optimistic that the project will break ground this summer, according the (Huntington, W.Va.) Herald-Dispatch newspaper.

Nucor Kicks Off Sheet Mill Expansion Project

17 April 2023 - Nucor Corp. has broken ground on a five-year, US$400 million expansion and modernization project at its Crawfordsville, Ind., USA, sheet mill, reports the (Crawfordsville, Ind.) Journal Review newspaper.

BILSTEIN Group Signs Green Steel Supply Agreement

17 April 2023 - Cold-rolled strip maker BILSTEIN Group has signed a binding, seven-year supply agreement with startup H2 Green Steel for its low-CO2 steel.

Borusan Mannesmann Looks to Expand OCTG Market Share Through U.S. Acquisition

13 April 2023 - U.S. large-diameter line pipe maker Berg Pipe has been sold to Turkey’s Borusan Mannesmann for US$162 million, according to an announcement Thursday.

AM/NS India Awards Wind Turbine Contract

13 April 2023 - Wind turbine maker Siemens Gamesa will supply 46 wind turbines to ArcelorMittal’s joint-venture mill in Hazira, India.

Survey: North American Steel Demand Expected to See Modest Gains

12 April 2023 - Steel industry senior executives believe demand will increase modestly over the next three to five years, inflation to moderate, and imports volumes to remain more or less the same, according to an annual survey conducted by corporate finance and strategic advisory firm Headwall Partners.

Stelco Mill to Test Decarbonization Technology

12 April 2023 - Canada’s Stelco has agreed to further test decarbonization technologies at its Lake Erie Works in Ontario.

EVRAZ North America Announces H2 Line Pipe Qualification

11 April 2023 - EVRAZ North America (ENA) has received qualification for a high-strength, high-frequency welded (HFW) line pipe designed for hydrogen transmission, the company has announced.

The Systems Group Announces Order From Nucor Sheet Mill

11 April 2023 - Nucor Corp. has placed an order with The Systems Group’s Systems Spray-Cooled unit for electric arc furnace (EAF) equipment at its planned West Virginia sheet mill.

Cleveland-Cliffs Expects Rise in Adjusted Q1 Profits

11 April 2023 - Cleveland-Cliffs Inc. shipped 4.1 million tons of steel in the first quarter of 2023 and is expecting to report revenues of approximately US$5.2 billion, the company said on Tuesday.

Primetals Technologies Receives Final OK on Mill Stand Upgrade

11 April 2023 - Primetals Technologies has received the final acceptance certificate for upgrades it made to a mill stand Nordic plant.

New CMC Micro-Mill Nears Start of Commissioning

06 April 2023 - Commercial Metals Company (CMC) is set to begin commissioning its new Arizona micro-mill later this spring and anticipates receiving a key environmental permit for its planned West Virginia mill in the coming months, according to chief executive Barbara R. Smith.