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Latest News

Cleveland-Cliffs Expands Board of Directors

04 January 2024 - Ron Bloom, a private equity executive, labor and political adviser, has joined the Cleveland-Cliffs Inc. board of directors, the steelmaker said Wednesday.  

ArcelorMittal Signs US$2.7B Natural Gas Supply Agreement

04 January 2024 - ArcelorMittal Mexico has renewed a natural gas supply agreement with Mexican state utility CFE Energía, a 10-year deal worth US$2.7 billion, according to the Reuters news service. 

POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business

04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation. 

Labor Caucus Seeks Review of U. S. Steel Acquisition

03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation. 

Salzgitter Announces Completion of Blast Furnace Reline 

03 January 2024 - Germany’s Salzgitter has restarted its blast furnace following a 100-day reline and overhaul of the unit, the company has said. 

POSCO Electrical Steel Plant Enters Service 

03 January 2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports. 

ArcelorMittal Commissions Demonstration Bio-Coal Plant

20 December 2023 - ArcelorMittal Belgium has commissioned a facility that converts waste wood into bio-coal for use in its Gent blast furnace, the company has announced.

Under New Ownership, HWI Expands Manufacturing Capacity 

20 December 2023 - Refractories maker HWI is completing a slate of investments – and eying more in the year ahead, the company reports. 

U.S., EU Extend Truce on Steel, Aluminum Tariffs 

20 December 2023 - The United States and the European Union have agreed to continue pausing trade actions related to steel and aluminum imports, according to the Bloomberg news service. 

Danieli Contracted for Turkish Cold Rolled, Tinplate Complex

20 December 2023 - Danieli has won an order from the Turkish Habaş Group for a 900,000-metric-ton cold rolling and tinplating facility, the equipment manufacturer said Wednesday. 

Nippon Steel to Acquire U. S. Steel

18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning. 

Senators Urge Action on Mexican Steel Imports 

15 December 2023 - A group of U.S. senators have expressed alarm over surging steel imports from Mexico and are asking the Biden administration to either implement a previously agreed-upon export monitoring arrangement or take aggressive steps to counter shipments into the country. 

U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process  

15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced. 

U. S. Steel Readies DR-Grade Pellet Plant for Production 

15 December 2023 - United States Steel Corporation is expecting to produce the first batches of low-silica iron ore pellets at the first of the year, following a US$150 million upgrade at its Keetac facility in Minnesota. 

Nucor Expects Q4 Profitability to Drop

15 December 2023 - Nucor Corp. said fourth-quarter earnings are likely to decline around 43% from the same period last year on lower pricing and volumes. 

SDI Forecasts Lower Q4 Earnings 

15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.

Report: Germany to Back SHS Decarbonization Effort

13 December 2023 - The German government intends to provide EUR2.6 billion in funding for Staar-Holding Saar’s (SHS) planned decarbonization project, according to Kallanish.

KOCKS and LAP Announce Strategic Alliance

13 December 2023 - KOCKS Measure + Inspect GmbH & Co. KG and LAP Measurement Technology have agreed to collaborate on development and marketing of a laser-based measuring system, the companies have announced. 

New Bar Processing Plant Is Up and Running, Gerdau Says 

13 December 2023 - Gerdau has commissioned a new long steel heat treat facility in Midlothian, Texas, USA, the company has announced. 

Ontario Mill Switches on New Electric Arc Furnace 

12 December 2023 - Brazilian long products maker Gerdau is commissioning an upgraded meltshop at its Whitby, Ont., Canada, facility, according to project contractor Danieli. 

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