Steel News

voestalpine Begins €1 Billion Green Transformation at Linz and Donawitz

23 March 2022 - This summer voestalpine will kick off a massive, multi-year project to convert its integrated operations in Linz and Donawitz, Austria, to electric arc furnace technology, according to an official press release.

U.S.-U.K. Trade Dispute Comes to an End

23 March 2022 - The United States’ four-year dispute with the United Kingdom over steel and aluminum tariffs ended on Tuesday with the U.K. receiving a duty-free steel import quota of more than 500,000 metric tons, according to the Reuters news service.

New ArcelorMittal Project to Provide 24/7 Renewable Energy in India

22 March 2022 - ArcelorMittal has partnered with energy company Greenko Group to design and install 975 MW of “around the clock” wind and solar capacity in India, according to an official press release.

CELSA France Fires Up New Reheating Furnace From Fives

22 March 2022 - Fives announced last week that the ultralow-emission reheating furnace, which has a capacity of 120 metric tons per hour, was started up at the brand-new wire rod mill at CELSA Group’s new complex in the New Aquitain region in France.

Salzgitter Shakes Up Company Structure, Partners With Volkswagen to Supply Low-Carbon Steel for EVs

22 March 2022 - German steelmaker Salzgitter AG announced a reorganization of its steelmaking operations, as well as a new agreement with Volkswagen Group to supply low-carbon steel for future vehicles.

U. S. Steel Provides First Quarter Earnings Guidance

21 March 2022 - United States Steel Corporation last week provided earnings guidance for the first quarter 2022 with adjusted diluted earnings per share expected in the range of US$2.96 to US$3.00.

Nucor Steel–Arkansas Issues FAC on Hot Strip Mill Drives Upgrade From Primetals Technologies

21 March 2022 - The final acceptance certificate (FAC) for the F5 and F6 main drive upgrade completes the third phase of the full replacement of Nucor Steel–Arkansas’ six main mill stand drives at its hot strip mill.

Danieli to Supply Rail Head Hardening System for ArcelorMittal Poland

21 March 2022 - The equipment supplier has been tapped to provide its technology for a premium quality rails project at ArcelorMittal Poland in Dąbrowa Górnicza, Poland.

Ukrainian Steel Plant Damaged by Russian Missile Strike

21 March 2022 - Metinvest’s Azovstal plant in the Mariupol region of Ukraine was the target of shelling by invading Russian forces, severely damaging one of Europe’s largest steel plants.

ArcelorMittal to Build €300 Million Electrical Steel Unit in France

17 March 2022 - Today ArcelorMittal announced plans for a new production unit at its Mardyck, France, operations dedicated to producing steels for the growing electric vehicle market.

Nucor, SDI Share Q1 2022 Earnings Guidance

17 March 2022 - Both companies reported strong quarters throughout 2021 and in Q1 of 2022, they are expecting a quarter similar to their last quarters in 2021.

Commercial Metals Company Reports Record Second Quarter Earnings

17 March 2022 - Commercial Metals Company (CMC) earned US$383.3 million in revenue on net sales of US$2 billion in its fiscal second quarter, its second-best performance in the company’s history, according to an official press release.

U.K. Government Hits Russian Steel Imports With 35% Tariff

16 March 2022 - The U.K. government announced a new wave of economic sanctions against Russia, including a 35% tariff hike on Russian iron and steel imports.

BlueScope Secures AU$55.4 Million Modern Manufacturing Grant

15 March 2022 - BlueScope announced today that they have received a Modern Manufacturing Initiative (MMI) grant from the Australian federal government.

U.S. Commerce Department Sets Preliminary Duties on Russian OCTG Imports

15 March 2022 - On Monday, the U.S. Department of Commerce issued a preliminary determination that affirms Russian exporters of oil country tubular goods (OCTG) received countervailable subsidies.

New Green Hydrogen Plant Project to Support British Steel’s Decarbonization

14 March 2022 - Last week British Steel Ltd. celebrated the launch of a hydrogen electrolyzer plant project near its Teesside, U.K., steel works that will eventually provide the steelmaker with a local source of renewable green hydrogen for net-zero steel production.

Tosyalı Holding to Partner With Huawei and SolarAPEX on Solar Roof Project

14 March 2022 - Tosyalı Holding has announced plans to implement one of the world’s largest roof solar energy plants, in collaboration with Huawei and SolarAPEX, to continue the company's mission to reach a zero-carbon target.

European Union Bans Key Iron and Steel Imports From Russia

14 March 2022 - The European Union announced last Friday that it will prohibit imports of “key goods in the iron and steel sector” from the Russian Federation, the latest in a series of severe economic sanctions placed on the country in response to its invasion of Ukraine.

ArcelorMittal Tubarão Becomes First Steel Mill in the Americas to Earn ResponsibleSteel Certification

10 March 2022 - The Brazilian mill has been recognized by global standards initiative ResponsibleSteel for its environmental, social and governance (ESG) performance, the steelmaker said.

Reports: JSPL Expects to See Demand Boost Created by War in Ukraine

10 March 2022 - India's Jindal Steel and Power Ltd. (JSPL) said it anticipates its exports to jump from 25% currently to 40% following the loss of steel production in Russia and Ukraine, according to The Economic Times.