Raw Materials
Latest News
Outokumpu Takes Position in Biocarbon Producer
13 November 2023 - Stainless steel producer Outokumpu has acquired a 20% stake in a biocarbon producer, a move that locks up a supply of the material.
POSCO Recovers Investment in Australian Iron Ore Operation
10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.
EU Chromium Mine to Become Carbon Neutral By 2025
09 October 2023 - Stainless producer Outokumpu is planning to make the European Union’s only chrome mine carbon neutral by 2025, the company has announced.
Algoma, U. S. Steel Sign Iron Ore Agreement
03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production.
Vale to Weigh Potential of Port-Based HBI Plant
27 September 2023 - Iron ore miner Vale has signed a memorandum of understanding with a southeastern Brazilian port to explore development of a hot briquetted iron hub, the company has announced.
JSW Slows Pace on Teck Resources Coal Unit Deal
22 September 2023 - A diplomatic dispute between Canada and India is said to be slowing JSW Steel’s effort to acquire a stake in Teck Resources’ metallurgical coal unit, according to the Reuters news service.
Midrex: Global DRI Output Increased in 2022
14 September 2023 - Global direct reduced iron (DRI) production rose 6.9% last year, growing to a record 127.4 million metric tons, according to Midrex Technologies’ annual tally.
Cleveland-Cliffs Reaches Tentative Labor Agreement With Minnesota Iron Ore Miners
30 August 2023 - Newly unionized workers at Cleveland-Cliffs Inc.’s Northshore taconite operation in Minnesota have reached a tentative labor agreement with the steelmaker.
JSW Steel Hoping to Buy Into Canadian Met Coal Operation
25 August 2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.
A New Lease, And Life. for Cleveland-Cliffs’ Hibbing Taconite
07 May 2023 - The Minnesota Department of Natural Resources (DNR) is recommending that public mineral leases once held by the Mesabi Metallics taconite project be given to Cleveland-Cliffs Inc., reports the (Minneapolis, Minn.) Star Tribune newspaper.
U. S. Steel, Cleveland-Cliffs Seek Minnesota Iron Ore Leases
07 March 2023 - United States Steel Corporation and Cleveland-Cliffs Inc. are seeking public mineral leases that had been part of proposed mine and taconite pellet plant in Minnesota.
CMC Acquires Two Tennessee Scrap Yards
06 March 2023 - Commercial Metals Company (CMC) is expanding its internal scrap supply, announcing Friday that it has acquired the assets of Tennessee metals recycler Roane Metals Group.
U. S. Steel Starts Pig Iron Caster
14 December 2022 - United States Steel Corporation’s US$60 million pig iron caster has produced its first batch and is beginning to ramp up, reports The Times newspaper of northwest Indiana.
Rio Tinto Steps Up Testing of New Low-Carbon Ironmaking Process
23 November 2022 - Iron ore miner Rio Tinto will build a large-scale pilot plant to further test its promising low-carbon ironmaking process, the company has announced.
CMC Adds Scrap Capacity in Texas
16 November 2022 - Commercial Metals Company (CMC) has acquired a Galveston, Texas, USA, scrap recycler, bringing an additional 55,000 tons of ferrous and non-ferrous scrap under its roof.
Danieli Bags Order for Scrap Shredder
12 October 2022 - Mexican steel scrap processor DIMECA has ordered a shredder from Danieli, the mill builder reports.
H2 Green Steel Partners With Midrex on Direct Reduction Plant
11 October 2022 - H2 Green Steel, a Swedish startup that is planning to build a hydrogen-based steel mill, is partnering with direct reduction specialist Midrex, the company has announced.
This Company Says It Has a New Way to Decarbonize Steel. Investors Are Getting Behind It.
07 October 2022 - A Colorado-based start-up that is looking to commercialize an electrochemical process for refining iron ore has raised US$85 million in capital.
U. S. Steel Marks Start of Pellet Plant Upgrade
06 October 2022 - United States Steel Corporation has broken ground on a US$150 million project that will expand pelletizing capabilities at its Keetac facility in Minnesota.
SDI Grows Mexican Scrap Capacity Through Acquisition
04 October 2022 - Steel Dynamics Inc. has finalized its acquisition of Mexican metals recycler ROCA ACERO S.A. de C.V., completing a deal that adds 850,000 gross tons of processing capacity to its raw materials assets.
