Steel News

Cleveland Cliffs Names New SVP

22 August 2024 - Cleveland-Cliffs Inc. has promoted vice president Michael Hrosik to the C-suite, naming him the senior vice president of its commercial operations.

NLMK Indiana Completes EAF Overhaul

21 August 2024 - NLMK Indiana successfully has started up a revamped, 118-ton electric arc furnace, according to project contractor Primetals Technologies.

thyssenkrupp Teams With Australian Producer to Study Smelting Technology

21 August 2024 - thyssenkrupp is partnering with Australia’s BlueScope Steel on research that will focus on direct reduction and electric smelting plants, the company has announced.

ArcelorMittal to Add Solar Capacity in Brazil

21 August 2024 - ArcelorMittal Brazil on Wednesday signed contracts to develop two solar energy projects with a combined capacity of 465 MW, equivalent to 14% of its current electricity requirements.

Trump Again Pledges to Halt U. S. Steel-Nippon Steel Deal

21 August 2024 - Donald Trump reiterated a campaign promise to block Nippon Steel Corp.’s acquisition of United States Steel Corporation during a campaign stop in central Pennsylvania.

Nucor Names New VP at W.Va. Sheet Mill

20 August 2024 - Nucor Corp. has named Johnny Jacobs as vice president and general manager of its new West Virginia sheet mill, succeeding John Farris, who is retiring after 32 years with the company, reports WVNews.

Caster Robot Takes its Place at Gerdau Plant

20 August 2024 - Gerdau’s Araçariguama plant in Brazil has installed a PolyCAST multitool robot on its caster, an upgrade that improves productivity and safety.

BlueScope Steel Invests in Capacity Boost at North Star Plant

19 August 2024 - BlueScope Steel Ltd.’s board of directors has given the go-ahead to a US$130 million debottlenecking project at its Ohio sheet mill, the company said in its fiscal year-end earnings announcement.

Tosyali Mill Project Receives Boost From Angola

15 August 2024 - Angola’s national oil producer Sonangol has signed on to a Tosyali project to build an integrated iron and steel plant in the country.

Algoma Steel Wraps Up Plate Mill Upgrade and Eyes Start of New EAF

14 August 2024 - Algoma Steel is calling its plate mill modernization effectively finished and is moving toward commissioning new electric arc furnaces. at its Ontario plant.

JSW Buys Into Australian Met Coal Miner

14 August 2024 - JSW Steel Ltd. is taking an indirect stake in Australian metallurgical coal miner Illawarra Metallurgical Coal and will sign an offtake contract with the business, the company has announced.

Metallus Receives State Support for US$100M Expansion

08 August 2024 - Specialty metals manufacturer Metallus Inc. has received US$3.5 million in grants from the state of Ohio in support of a planned expansion.

Kobe Steel to Launch Aluminum JV With China’s Baowu Steel

08 August 2024 - Kobe Steel is forming a joint venture around its Chinese automotive aluminum business with China Baowu Steel Group Corp. Ltd., Kobe has announced.

ArcelorMittal Completes Vallourec Transaction

07 August 2024 - ArcelorMittal has finalized its acquisition of a EUR955 million stake in tubemaker Vallourec.

Chilean Steelmaker Blames Chinese Imports for Production Stop

07 August 2024 - Compañía Siderúrgica Huachipato, Chile's largest steel plant, is "indefinitely suspending" production, saying that it is impossible to compete with dumped Chinese steel, according the AFP news service.

Salzgitter Secures Supply of Solar-Generated Electricity

06 August 2024 - Salzgitter Group has signed a long-term green power purchase agreement that will provide for up to 64 gigawatt hours annually, the steelmaker said Tuesday.

China to Provide Financial Support for Hungarian Steel Works Revamp

05 August 2024 - The China Export and Credit Insurance Corp. (Sinosure) is underwriting EUR1.3 billion in loans that will pay for two new electric arc furnaces at Liberty Steel Group’s Dunaujvaros plant in Hungary.

Nippon Steel Remains Confident in U. S. Steel Acquisition

05 August 2024 - Nippon Steel Corp. has reiterated its belief that will finalize its proposed acquisition of United States Steel Corporation by year’s end.

New Wave of Chinese Steel Exports Softening Prices, ArcelorMittal Says

01 August 2024 - ArcelorMittal saw its second-quarter profits fall and said Chinese steel exports have put the market in “unsustainable” territory.

Tata Steel U.K. Expects September Shutdown of Second BF

31 July 2024 - Tata Steel is on pace to close the second of two blast furnaces at its Port Talbot Works in the U.K. by this September, the company said in its fiscal 2025 first-quarter earnings statement.