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Latest News
AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities.
H2 Green Steel Finds Debt Financing for Mill Project
26 October 2022 - Swedish steelmaking startup H2 Green Steel has tentatively arranged EUR3.5 billion in debt financing to support construction of its planned mill, the company reports.
Ford in Europe Signs for Low-CO2 Steel
25 October 2022 - Ford Motor Co.’s European operation has signed memorandums of understanding (MOUs) with three steelmakers to buy low-CO2 steel for its vehicles, the automaker said Tuesday.
Metso Outotec Unveils New Furnace Intended to Help Lower CO2 Intensity
25 October 2022 - Metso Outotec is launching sales of an ironmaking furnace meant to replace the classical blast furnace, offering steel producers a new option in their efforts to reduce CO2-intensity.
Primetals Technologies Signs On for Maintenance Service Contract With JSW Dolvi
21 October 2022 - The contract covers comprehensive maintenance services, including spare parts, for the new continuous slab casters at JSW Dolvi in Maharashtra, India, the equipment supplier announced yesterday.
British Steel Expands Structural Section Offerings
21 October 2022 - The company has added 71 beams and columns to its Advance® structural sections product line, which are geared toward the construction sector.
Nucor Foresees Record-Breaking Earnings for 2022
20 October 2022 - The steelmaker said despite challenging market conditions amid economic uncertainty, it expects 2022 to be the most profitable year in the company’s history.
Steel Dynamics Reports Record Shipments in Third Quarter
20 October 2022 - In its third-quarter earnings results, Steel Dynamics Inc. yesterday said it achieved record quarterly steel shipments of 3.2 million tons.
JSPL Signs MoU for 1,000 MW of Carbon-Free Energy
20 October 2022 - In line with its goal to become a net-zero steelmaker by 2035, India’s Jindal Steel & Power Ltd. (JSPL) has signed a memorandum of understanding with energy transition and decarbonization solutions firm Greenko Group to facilitate 1,000 MW of carbon-free energy for its steelmaking operations at Angul, Odisha.
War, Inflation Lead worldsteel to Revise Down Steel Demand Forecast
19 October 2022 - Global steel demand is expected to decline 2.3% this year as persistent inflation, rising interest rates and Russia’s invasion of Ukraine slow the worldwide economy, according to a new forecast from the World Steel Association (worldsteel).
H2 Green Steel Raises Additional EUR70 Million in Series B Funding
19 October 2022 - Steelmaking startup H2 Green Steel has reached the final close on a EUR260 million round of Series B equity funding, the company has announced.
LIBERTY Steel Trials Coal Substitute
19 October 2022 - LIBERTY Steel UK has wrapped up a successful trial of a coal substitute in its electric steelmaking operation in Rotherham, England.
Forger Turns to Danieli for First Long Products Mill
18 October 2022 - Mexican forged products maker Frisa has contracted Danieli to build what will be the company’s first long products rolling mill.
worldsteel Sets 2022–2023 Leadership
18 October 2022 - The World Steel Association (worldsteel) has elected its leadership slate for the 2022–2023 term, naming POSCO Holding chief executive Jeong-Woo Choi as chairman.
SMS group Gets the Nod for Green Steel Mill Project
17 October 2022 - Steelmaking start-up H2 Green Steel has selected SMS group to provide the main process equipment for its planned mill in Sweden.
Salzgitter Reports Success With Hydrogen Electrolyzer Trial Run
17 October 2022 - Salzgitter is wrapping up what it calls a successful trial with high-temperature electrolysis for hydrogen production and steel production.
Potential Green Steel Mill Brings Cargill Together with Start-Up Producer
17 October 2022 - Cargill’s iron ore and steel trading business is teaming up with a Nordic start-up aiming to build a green fossil-fuel-free steel mill in the next few years.
Ground Broken for New Steel Processing Facility
17 October 2022 - Kentucky officials helped break ground Wednesday on a planned steel processing plant that will produce advanced high-strength material for the military.
ArcelorMittal Celebrates Start of Dofasco Decarbonization Project
13 October 2022 - ArcelorMittal Dofasco on Thursday broke ground on its CA$1.8 billion process conversion project that will transition it to a direct reduction–electric arc furnace route.
thyssenkrupp Cuts the Ribbon on New Hot-Dip Line
13 October 2022 - thyssenkrupp has inaugurated a EUR250 million hot-dip galvanizing line that will make the company’s Dortmund, Germany, facility a manufacturing center for premium galvanized flat steels.
United Steelworkers Members Accept Labor Agreement at Cleveland-Cliffs
12 October 2022 - Members of the United Steelworkers union have ratified a new four-year agreement with Cleveland-Cliffs Inc., the company said on Wednesday.
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