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Industry
Latest News
Stelco Q2 Shipments Appear Bright, but the Company Sees Clouds on the Horizon
25 July 2022 - Stelco expects its second-quarter shipments to increase more than 10% over the prior quarter, pushing up profits, but the company anticipates headwinds in the form of declining steel prices in the remaining half of the fiscal year.
Baosteel Inks Contract for World’s Largest H2-Based DRI Plant
22 July 2022 - China’s Baosteel Zhanjiang Iron & Steel has selected the Tenova and Danieli’s Energiron technology to power a new direct reduction (DR) plant in the Guangdong Province.
Cliffs: Pent-Up Auto Demand Is Increasing, and So Will Its Bottom Line
22 July 2022 - Cleveland-Cliffs Inc.’s second-quarter profits declined 24% as increased prices for natural gas, electricity, scrap and alloys as well as other one-time charges tamped down earnings.
AIST Lends Support to Hydrogen Hub Development
21 July 2022 - The Association for Iron & Steel Technology is putting support behind development of a national hydrogen infrastructure, offering up its technical expertise to public-private partnerships that are looking to establish production and distribution hubs.
Nucor Aims for Its Most Profitable Year Ever
21 July 2022 - The company today announced record quarterly consolidated net earnings of US$2.56 billion for the second quarter of 2022.
Steel Dynamics Reports Record Second Quarter
21 July 2022 - The steelmaker on Wednesday announced a record-breaking second quarter in terms of steel shipments, net sales and operating income.
H2 and Hitachi Energy Announce Partnership
21 July 2022 - Hitachi Energy and H2 Green Steel have signed a Memorandum of Understanding to collaborate on projects that support the industrial startup in producing green steel.
ArcelorMittal Gent Starts Up New BOF
21 July 2022 - Equipment supplier Primetals Technologies announced yesterday that a new LD converter (basic oxygen furnace) it supplied to ArcelorMittal Belgium’s steel plant in Gent was recently started up.
SDI Announces US$2.2B Investment — In Aluminum
19 July 2022 - Steel Dynamics Inc. (SDI) on Tuesday said it will enter the flat-rolled aluminum market, announcing a US$2.2 billion plan to build a rolling mill and two separate recycled aluminum slab casting plants.
JSW Steel, Boston Consulting to Work Together on Climate Goals
19 July 2022 - JSW Steel has enlisted the help of management consultant Boston Consulting Group as it works toward reducing its carbon emissions intensity.
Forget Crypto, Minister Says. Manufacturing Industry’s Energy Needs Should Take Precedence.
19 July 2022 - Steelmaking and crypto mining are energy-intensive endeavors and facets of the Swedish economy, but maybe the country should prioritize the former over the latter when it comes to energy resources, one official has said.
Nippon Steel Signs Collaboration Agreement
18 July 2022 - Coal and iron ore miner Anglo American has agreed to work with Nippon Steel Corp. on making less CO2-intensive steel, the companies have said.
KOCKS Announces Successful Start-Up of New Reducing, Sizing Block
18 July 2022 - Chinese special bar quality producer Fujian Sangang Minguang Group Co. Ltd. has rolled the first bar on its new KOCKS 3-roll reducing and sizing block, the equipment supplier reports.
Danieli Service Upgrades Continuous Pickling Line for ArcelorMittal
15 July 2022 - Danieli’s service segment commissioned a new entry section for the continuous pickling line at ArcelorMittal’s Mardyck, France, facility, Danieli said in a press release yesterday.
Space Tech Startup Discovers Path to Carbon-Free Iron Production
15 July 2022 - Helios, an Israeli startup exploring paths to develop on-site oxygen resources for future lunar missions, has raised US$6 million in seed funding to adapt their technology to another, unexpected goal: to create an emission-free future for the steel industry.
EVRAZ North America Completes Testing on Hydrogen Transporting Steel
14 July 2022 - SMA Member Company EVRAZ North America announced this week it has successfully completed fracture toughness testing in a 100% gaseous hydrogen environment on its API 5L X65 Sour Service line pipe.
Salzgitter Board Approves Funding for Green Steel Project
14 July 2022 - The company announced yesterday its board approved EUR723 million in funding to implement the first stage of its Salzgitter Low CO2 Steelmaking (SALCOS®) facility.
Tube Manufacturer Sets Up Shop at SDI Columbus
14 July 2022 - Altex Tube LLC is locating a new manufacturing plant on Steel Dynamics Inc.’s Columbus, Miss., USA, campus in a US$110 million investment.
Fives Supplies Electric Steel Cold Rolling Mills to Baowu
13 July 2022 - China's Baowu Group contracted global industrial engineering group Fives for the design and supply of two reversible cold rolling mills with automatic roll change for production of electric steel at Baoshan and Wuhan production sites.
Outokumpu Divests Majority of Long Products Segment to Marcegaglia
13 July 2022 - Finnish steelmaker Outokumpu has signed an agreement to divest the majority of its Long Products business to Italy’s Marcegaglia Steel Group.
