Steel News

Steel Dynamics Secures Tax Break for Heartland Expansion

15 September 2021 - Local officials in Indiana have approved an economic incentive for a potential Steel Dynamics Inc. (SDI) expansion in the state, the Tribune-Star newspaper reports.

SDI Sees Another Profitable Quarter on the Horizon

15 September 2021 - Steel Dynamics Inc. (SDI) is forecasting a record third quarter, driven again by strong demand and elevated prices.

Report: Teck Resources Mulling Divestment of US$8 Billion Steelmaking Coal Operations

15 September 2021 - Canadian mining giant Teck Resources Ltd. is reportedly considering sale or spin-off its metallurgical coal business, according to Bloomberg News.

Finnish Government Takes Over Control of SSAB Shares

15 September 2021 - The government of Finland on Tuesday announced it will be taking direct control over shares in the Swedish steel producer in a move toward carbon neutrality.

Tata Steel Commissions Carbon Capture Plant at Jamshedpur

15 September 2021 - The steelmaker on Tuesday commissioned a 5-metric-ton-per-day carbon capture plant at its Jamshedpur Works, becoming India’s first steel producer to use carbon capture technology to extract CO2 directly from blast furnace gas.

Quaker Houghton Names New CEO

14 September 2021 - Industrial process fluids supplier Quaker Houghton have tapped Andrew Tometich to lead its operations as chief executive officer and president, effective 1 December.

NLMK Increases Capacity for Electrical Steels

14 September 2021 - The Russian steelmaker announced that it has commissioned a laser treatment unit for grain-oriented electrical steel, making it NLMK’s fourth such production line.

Danieli Secures Order for Drawing Bench

13 September 2021 - Acciai Trafilati Rettificati (ATR) has tapped the equipment supplier for a new pinion/rack drawing bench for its facilities in Orsenigo, Italy, according to a press release from Danieli.

Tata Steel Netherlands CEO Pledges To Go Carbon Neutral

13 September 2021 - Hans van den Berg, Tata Steel Netherlands’ chief executive officer, promised on Saturday that the steel producer would make significant changes to reduce its carbon emissions.

ArcelorMittal to Undertake Mining Project in Liberia

13 September 2021 - The steelmaker signed a landmark agreement on Friday with the government of the Republic of Liberia for one of West Africa’s largest mining projects.

Vale’s New Green Briquette Lowers Emissions Up To 10%

10 September 2021 - Brazilian mining company Vale announced yesterday that it has developed a new iron ore briquette capable of cutting greenhouse gas emissions by up to 10%.

Liberty Steel Invests in New Pipe Coating Line

09 September 2021 - The company announced Wednesday that they are investing US$7.4 million in a coating line for pipes produced by its specialist unit in Galati, Romania.

World’s Largest Steelmaker Signs MoU for Possible Plate Mill JV in Saudi Arabia

09 September 2021 - Chinese steel giant Baoshan Iron & Steel Co. (Baosteel) has joined forces with the world’s largest oil-producing company to pursue development of a steel plate mill in Saudi Arabia, reports the Reuters news service.

Specialty Metals Processing Joins Ryerson Family of Companies

09 September 2021 - Ryerson Holding Corp. this week announced it has acquired Ohio-based toll processor Specialty Metals Processing (SMP).

Schnitzer Steel to Rely on On-Site Battery Energy Storage System

09 September 2021 - West Coast-based Schnitzer Steel Industries Inc. announced that it has contracted PowerFlex – an EDF Renewables Company to provide a 1,600-kW battery energy storage system at its Oakland, Calif., USA, facility.

SSAB’s Fossil-Free Steel To Be Used in Cargo Handling

08 September 2021 - Cargo and load handling solutions provider Cargotec has made plans to use SSAB’s fossil-free steel in its equipment, SSAB announced on Tuesday.

NLMK Group Partners With Gazprom Neft on Decarbonization

08 September 2021 - The steelmaker announced yesterday it has signed a memorandum of cooperation with one of Russia’s largest oil companies to work together on projects aimed at reducing climate footprint.

German Government to Provide Funding for ArcelorMittal’s Green Steel Plant

08 September 2021 - ArcelorMittal announced on Tuesday that the German government will be providing EUR55 million for Germany’s first industrial-scale hydrogen-based direct reduced iron plant.

SKF Acquires Rubico Consulting AB

07 September 2021 - SKF announced today that they have completed their acquisition of Rubico Consulting AB, an industrial consultancy firm.

AM/NS India Commissions Its Second 6-Million-Metric-Ton Pellet Plant

07 September 2021 - In a press release, the ArcelorMittal–Nippon Steel joint venture announced the commissioning of a second pellet plant at Paradeep, Odisha, which will double the capacity at the complex to 12 million metric tons.