Steel News

To Create Cheaper Green Power, Researchers Turn to Iron

27 April 2022 - A team of researchers led by Imperial College London have developed a breakthrough, low-cost hydrogen fuel cell that replaces costly platinum components with iron.

Al Tanmiya Sells Iraqi Steel Plant

27 April 2022 - Jordan's Al Tanmiya Steel has completed the sale of its steel operations in Al-Zubair, Basra, Iraq, for US$195 million, according to Iraq-Business News.

Vale, Nippon Steel Sign MoU to Develop Steelmaking Decarbonization Solutions

26 April 2022 - Vale announced today it has signed a memorandum of understanding (MoU) with Nippon Steel to explore ironmaking solutions focused on carbon-neutral steelmaking.

Cleveland-Cliffs Reports First-Quarter Earnings Results

25 April 2022 - Cleveland-Cliffs Inc. on Friday reported first-quarter 2022 net income of US$1.50 per diluted share, up from US$0.07 per diluted share in the first quarter of 2021.

Nucor and University of Kentucky Awarded DOE Grant for Carbon Capture Pilot Study

22 April 2022 - The steelmaker announced Friday that it has received a U.S. Department of Energy grant in partnership with the University of Kentucky to install and pilot a new carbon emissions capture system at Nucor Steel Gallatin in Kentucky.

Nucor Contracts Fives for Galvanizing Lines at New Sheet Mill

22 April 2022 - Fives has been tapped by Nucor Corp. to supply both a vertical and horizontal galvanizing line at its greenfield West Virginia sheet mill, each with a capacity of 500,000 tons per year.

POSCO Breaks Ground on Electrical Steel Mill

22 April 2022 - The South Korean steelmaker broke ground today on a 1 trillion won (US$805 million) steel plant in the southwestern port of Gwangyang, according to The Korea Times.

Nucor Records Its Most Profitable First Quarter to Date

21 April 2022 - The company announced today it had achieved consolidated net earnings of US$7.67 per diluted share for the first quarter of this year, making it the most profitable first quarter in the company's history.

Record First Quarter for Steel Dynamics

21 April 2022 - The steelmaker announced its first-quarter 2022 results yesterday of US$5.71 per diluted share, up from US$2.03 per diluted share in the first quarter of 2021.

Primetals Technologies Unveils 3-Strand Continuous Slab Caster

20 April 2022 - The equipment supplier was contracted to provide the first-ever 3-strand slab casting solution for China’s Tangshan Donghua Iron and Steel Enterprise Group, Primetals Technologies announced today in a press release.

American Steel Industry Celebrates Biden Administration’s “Buy America” Guidance

19 April 2022 - Representatives from the U.S. steel industry have expressed their support for the Biden administration’s new guidelines requiring the use of U.S.-made iron and steel in infrastructure projects funded through the Infrastructure Investment and Jobs Act (IIJA).

ArcelorMittal Plants in Africa, South America Are Going Green

19 April 2022 - ArcelorMittal locations around the world are working toward green energy, and its plants in South Africa and Argentina are preparing to make the switch within the next few years.

Algoma Steel Appoints New CEO; Michael McQuade to Retire

18 April 2022 - Canadian steelmaker Algoma announced this morning that Michael Garcia will become its next chief executive officer (CEO) on 1 June 2022.

White House Issues Guidance Requiring U.S.-Made Steel for Infrastructure Act Projects

18 April 2022 - On Monday, the Biden administration issued a new memorandum clarifying its “Buy America” requirement for construction projects financed through the US$1 trillion Infrastructure Investment and Jobs Act (IIJA).

ArcelorMittal Acquires Majority Stake in voestalpine’s Texas HBI Plant

14 April 2022 - Luxembourg-based steelmaker ArcelorMittal announced today it has acquired an 80% stake in voestalpine’s hot briquetted iron (HBI) facility in Corpus Christi, Texas, USA.

SaltX to Take On the Steel Industry’s Green Transition

14 April 2022 - Swedish energy storage company SaltX is working with metal research institute Swerim to study energy storage for the country’s steel industry.

worldsteel Announces 2022 Steel Sustainability Champions

13 April 2022 - The World Steel Association (worldsteel) announced yesterday the 10 companies it recognizes as Steel Sustainability Champions for their work in 2021.

Reports: Some Ukrainian BFs Coming Back On-Line

13 April 2022 - Metinvest released a statement yesterday detailing the current status of operations in its facilities in Ukraine, in which it said the company’s management “continues to undertake a number of actions to ensure the continuing operations of the Group’s other assets, to the extent that it is safe for its employees and subject to ongoing logistical constraints in Ukraine.”

Acciaieria Arvedi Grants Final Acceptance to ABB, Tenova for EAF Technology Package

13 April 2022 - ABB and Tenova have received final acceptance from Italian steelmaker Acciaieria Arvedi for a technology package that enables optimal charging, melting and electromagnetic stirring for what Tenova is calling “the world’s highest-yielding” electric arc furnace (EAF).

Nucor’s New Rebar Mill to Utilize Danieli for Endless Casting-Rolling Technology

12 April 2022 - The steelmaker has awarded a contract to Danieli for a MIDA® QLP mini-mill to be installed at its newly announced facility in Lexington, N.C., USA, according to a press release from Danieli.