Steel News

SSAB Receives Funding for Process Conversion

11 December 2024 - SSAB has been awarded SEK1.45 billion in public funding for decarbonization efforts at its Luleå plant.

Mittal: Better Policy Needed to Preserve European Steelmaking

04 December 2024 - If Europe wants to continue to produce iron and steel, then it must immediately commit to building a better policy framework, ArcelorMittal founder and executive chairman Lakshmi Mittal writes in a (London) Financial Times op-ed.

Fewer Regulatory Hurdles, More Energy Would Help European Green Steel Projects

06 November 2024 - To speed up progress in the European steel industry, policymakers ought to work to reduce red tape, lower energy costs and coordinate more with industry, several finance experts said Wednesday.

European Commission OKs Sweden’s Financial Support for SSAB Project

21 October 2024 - The European Commission has approved Sweden’s plan to provide a EUR128 million grant to SSAB’s mini-mill project in Luleå.

ArcelorMittal Urges EU Action on Steel Plan

30 September 2024 - ArcelorMittal Europe chief executive officer Geert Van Poelvoorde has urged the European Union and the Polish government to adopt policies that will enable the industry to thrive.

Harris: Domestic Ownership of U. S. Steel Trumps Potential Job Losses

26 September 2024 - U.S. presidential candidate Kamala Harris on Wednesday reiterated her support for a domestically owned United States Steel Corporation, saying that control of the company outweighs the potential for job losses, reports the Bloomberg news service.

U.S. Energy Department Announces Effort to Measure Carbon Intensity of Industrial Products

25 September 2024 - The U.S. Department of Energy (DOE) is initiating a pilot project that will attempt to measure the greenhouse gas (GHG) intensity of certain industrial products, it said on Wednesday.

Report: China’s Steel Industry Could See Wave of Consolidation

23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.

Report: Decision on U. S. Steel Acquisition Likely to Come After Election

18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.

Steel Groups to Senate: Pass Leveling the Playing Field Act

11 September 2024 - The Steel Manufacturers Association, the American Iron and Steel Institute, the United Steelworkers union and other manufacturing groups are urging the U.S. Senate to pass a bill that would give the government additional tools to stop unfair trade practices by China.

U.K. Funding Allows Tata Steel EAF Project to Move Forward

11 September 2024 - Tata Steel has signed a GBP500 million funding agreement with the U.K. government, allowing it to move forward with a process conversion at its historic Port Talbot Works in Wales.

China Expands Carbon Trading Program to Include Steel

10 September 2024 - China’s steel, aluminum and cement producers will be added to the country’s national carbon trading market, the Bloomberg news service reports.

Harris Joins Biden in Opposing U. S. Steel Sale

03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned.

China Reconsiders Capacity Swap Program

26 August 2024 - With China’s demand for steel on the decline, the government is rethinking its policy for allowing new steel mills to be built, according to the Bloomberg news service.

Canada to Implement 25% Tariff on Chinese Steel

26 August 2024 - Taking a cue from the United States and Europe, Canada announced Monday that it will impose a 25% tariff on Chinese steel, as well as Chinese aluminum and electric vehicles produced in the country.

AISI: Commerce Department Made the Correct Decision on Vietnam Non-Market Economy Status

08 August 2024 - The American Iron and Steel Institute (AISI) is applauding the Commerce Department’s decision to retain Vietnam’s non-market economy status.

Report: EU Sees Mixed Progress on Creating Green Hydrogen Market

30 July 2024 - The European Union took an early lead in moving to establish a regional green hydrogen economy, setting as a goal to produce and import 20 million metric tons by 2030.

U. S. Steel Takes Its Merger Case to Voters

29 July 2024 - United States Steel Corporation has turned to a new tactic as it pushes to brings its US$14.9 billion merger with Nippon Steel Corp. to fruition: pitching the public directly.

American Steel CEOs Push for Further Action on Mexican Imports

24 July 2024 - The U.S. government should take further steps to stop transshipments of steel through Mexico, the chief executive officers of two of the country’s top steel producers said this week, according to the Bloomberg news service.

Report: Justice Department to Further Scrutinize Nippon Steel-U. S. Steel Deal

11 April 2024 - The U.S. Justice Department has initiated an in-depth antitrust investigation of Nippon Steel’s planned acquisition of United States Steel Corporation, according to a report in Politico.