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ArcelorMittal Buys Equity Position in Vallourec

13 March 2024 - ArcelorMittal has acquired a 28.4% equity stake in French tubemaker Vallourec, the steelmaker has announced. 

Report: South Korea Steelmaker Exploring Possibility of U.S. EAFs

12 March 2024 - Hyundai Steel is weighing the feasibility of building electric arc furnaces (EAFs) in the U.S. as a way to avoid tariffs, carbon emissions limits and competition from Chinese produces, reports The Korea Economic Daily.  

Danieli Bags Order for Galvanizing Line 

12 March 2024 - Danieli has received an order for a 700,000-metric-ton galvanizing line from Tata Steel, the company reports. 

USW Reports on Meeting With Nippon Steel

12 March 2024 - Nippon Steel Corp. and the United Steelworkers (USW) union met late last week to discuss the company’s acquisition of United States Steel Corporation, but the union said it remains unassured. 

Great Lakes' Soo Locks Open Next Week

11 March 2024 - It’s an unmistakable sign of spring – iron ore shipping resumes on the Great Lakes. And this year, the season is beginning early.  According the (Minneapolis, Minn.) Star-Tribune, the Soo Locks, a gateway between Lake Superior and the lower Great Lakes, will open on 22 March, three days ahead of schedule. 

New Slitting Line to Enhance thyssenkrupp Electrical Steel Production 

07 March 2024 - thyssenkrupp Steel has commissioned a new slitting line in Motta Visconti, Italy, replacing an older line and boosting production of high-efficiency electrical steel for the automotive industry, the company has said.

Report: Nippon Steel, USW to Begin Dialogue Over Merger

07 March 2024 - Nippon Steel executive vice president Takahiro Mori is to meet with United Steelworkers leadership to discuss his company’s proposed acquisition of United States Steel Corporation, reports the Reuters news service.

West Virginia Regulators OK Power Line for Nucor Mill  

07 March 2024 - The West Virginia Public Service Commission has greenlighted a plant to build a US$86 million power transmission line that will serve Nucor Corp.’s West Virginia sheet mill, reports the (Huntington, W.Va.) Herald-Dispatch newspaper. 

JSW Steel Plans EUR143 Million Investment in Italian Rail Mill 

07 March 2024 - JSW Steel has signed a memorandum of understanding (MOU) with Italy to restart a steel facility in Piombino, the company has announced. 

New CEO Takes the Helm at JSW Steel USA 

06 March 2024 - JSW Steel has named industry veteran Robert Simon as chief executive officer (CEO) of its U.S. operation. 

Refractories Producer to Open Tennessee Plant 

06 March 2024 - German refractories manufacturer INTOCAST has broken ground on a US$20 million plant in Huntingdon, Tenn., planting its flag in the U.S. market. 

SAIL, Primetals Technologies to Collaborate on Decarbonization

06 March 2024 - The Steel Authority of India Ltd. (SAIL) and Primetals Technologies have signed a memorandum of understanding to closely collaborate on projects and technologies related to decarbonization of the steelmaker’s Rourkela plant in Odisha, India.

Tenova Joins Green Hydrogen Trial 

29 February 2024 - Tenova is partnering with two other Italian companies on a project intended to validate hybrid heating technologies for steel reheating, the equipment manufacturer has announced.

Egypt Considers Major Mill Investment 

29 February 2024 - The Egyptian government is reviewing a proposal to establish a US$4 billion integrated steel mill in the country, reports the English language news website Ahram Online. 

Metallus Inks Agreement With U.S. Army

29 February 2024 - Ohio-based Metallus has signed a US$99 million agreement with the U.S. Army on a project intended to help the Army ramp up artillery shell production in the coming years.

EU OKs Germany Plan to Support ArcelorMittal Project

29 February 2024 - The European Commission has signed off on Germany’s EUR1.3 billion financial aid package to ArcelorMittal in support of the steelmaker’s plan to decarbonize facilities there. 

United Steelworkers Union, Nippon Steel Sign Nondisclosure Agreement

29 February 2024 - The United Steelworkers (USW) union has signed a nondisclosure agreement with Nippon Steel Corp., a precursor to allowing discussion between the labor union and the acquirer of United States Steel Corporation to proceed. 

Ternium Revises Budget for Mexican Sheet Mill Expansion 

22 February 2024 - Inflationary equipment pricing and fluctuations in the exchange rate have forced upward revisions to cost estimates on Ternium’s expansion in Mexico. 

Nucor Board Greenlights Funding for New Micro-Mill 

21 February 2024 - Nucor Corp.’s board of directors has agreed to allocate US$860 million for construction of a rebar micro-mill, the steelmaker said Wednesday. 

Canada to Collect Steel Country of Melt and Pour Info on Steel Imports

21 February 2024 - Canada will join the United States as the only countries requiring melt and pour information on imported steel.