Steel News

Nippon Steel Unveils New High-Corrosion-Resistant Coated Steel

25 August 2021 - The new product is slated to hit the market in October, and boasts double the resistance in flat areas than conventional high-corrosion-resistant steels, Nippon Steel announced on Tuesday.

Algoma Closes in on EAF Investment Decision

24 August 2021 - Integrated steelmaker Algoma Inc. is nearing a final investment decision on its proposed transition to electric steelmaking, the company’s chief executive has said.

thyssenkrupp Contracts SMS group for Annealing Line Build

24 August 2021 - SMS group has landed an order for a 200,000-metric-ton, electrical-strip annealing and insulating line from thyssenkrupp Steel Europe, the equipment manufacturer announced on Monday.

Nucor Brings Steel Racking Maker Into the Fold

24 August 2021 - Nucor Corp. has finalized its US$370 million acquisition of steel racking maker Hannibal Industries, the steelmaker announced on Monday.

JSW Steel Targets a Reduction in CO2 Emissions

24 August 2021 - Indian steel producer JSW Steel is set on reducing its emissions to 1.95 metric tons CO2 per metric ton by 2030, which correlates to a 23% decrease compared to 2020 levels, reports the Business Standard.

New Chinese Merger Creates Third-Largest Steelmaker in the World

23 August 2021 - China’s Anshan Iron & Steel has officially acquired Benxi Iron & Steel, creating the third-largest steelmaker in the world and the second-largest in China, reports S&P Global Platts.

Ternium, Vale to Partner on Decarbonization Solutions

23 August 2021 - The companies have signed a memorandum of understanding for the development of solutions to reduce CO2 emissions, Ternium announced in a press release.

Sale of American Zinc Recycling Closes

20 August 2021 - Befesa S.A., a provider of hazardous waste recycling services, closed its US$450 million purchase of American Zinc Recycling Corp. (AZR) and now owns 100% of the business.

Tata Steel Commissions New Steel Recycling Plant

20 August 2021 - The Indian steel producer has commissioned a new 0.5-million-metric-tons-per-year steel recycling plant at Rohtak, Haryana.

Merit Steel USA Acquired by Majestic Steel USA

20 August 2021 - Majestic Steel USA Inc. announced the acquisition of the West Coast-based Merit Steel USA.

Nearing First Heats on New EAF, North Star Eyes HSM Improvements

19 August 2021 - U.S.-based North Star BlueScope Steel said it is laying plans for a potential AU$100 million (approximately US$71.6 million) project to lift its hot strip mill capacity.

Annika Roos Tapped to Lead Jernkontoret

18 August 2021 - The association of Swedish steelmakers, Jernkontoret, has named Sandvik’s Annika Roos as managing director, reports Kallanish Commodities.

ATI Sells Off Flowform Products Business

18 August 2021 - Allegheny Technologies Inc. (ATI) announced this week the sale of its Flowform Products business unit to Consolidated Boring Inc. for US$55 million in cash.

Tata Steel Expresses Interest in Purchasing RINL

18 August 2021 - According to its chief executive, Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Ltd. (RINL).

BlueScope Steel Sets Carbon Net-Zero Goal

18 August 2021 - Australia’s BlueScope Steel will allocate AU$150 million to near-term environmental goals and will work toward achieving net-zero carbon emissions by 2050, the company has said.

Schnitzer Steel Acquires Eight Scrap Yards, Restarts Cascade Steel Meltshop

18 August 2021 - Oregon-based Cascade Steel Rolling Mills is restarting production following a May 2021 meltshop fire as its corporate parent looks to close an acquisition of a southeastern U.S. scrap recycler.

Danieli Nabs Order for Greenfield Wire Rod Mill

17 August 2021 - Russia’s Novorossiysk Rolling Plant LLC will build a 600,000-metric-ton wire rod mill using Danieli technology, the equipment supplier reports.

Berry Metal Names New President

16 August 2021 - BOF and EAF equipment specialist Berry Metal Co. has promoted the head of its engineering services group to the president’s office, the company has announced.

thyssenkrupp Delays Steel Division Spinoff Until 2022

12 August 2021 - Buoyed by higher steel prices and rising demand, the German conglomerate will defer its planned spinoff of its Steel Europe division until next spring, according to Industry Europe magazine.

Nucor Completes Purchase of Insulated Metal Panels Business

11 August 2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.