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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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POSCO Electrical Steel Plant Enters Service

03 January 2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports.

ArcelorMittal Commissions Demonstration Bio-Coal Plant

20 December 2023 - ArcelorMittal Belgium has commissioned a facility that converts waste wood into bio-coal for use in its Gent blast furnace, the company has announced.

Nippon Steel to Acquire U. S. Steel

18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.

U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process

15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced.

U. S. Steel Readies DR-Grade Pellet Plant for Production

15 December 2023 - United States Steel Corporation is expecting to produce the first batches of low-silica iron ore pellets at the first of the year, following a US$150 million upgrade at its Keetac facility in Minnesota.

Nucor Expects Q4 Profitability to Drop

15 December 2023 - Nucor Corp. said fourth-quarter earnings are likely to decline around 43% from the same period last year on lower pricing and volumes.

SDI Forecasts Lower Q4 Earnings

15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.

Report: Germany to Back SHS Decarbonization Effort

13 December 2023 - The German government intends to provide EUR2.6 billion in funding for Staar-Holding Saar’s (SHS) planned decarbonization project, according to Kallanish.

New Bar Processing Plant Is Up and Running, Gerdau Says

13 December 2023 - Gerdau has commissioned a new long steel heat treat facility in Midlothian, Texas, USA, the company has announced.

Ontario Mill Switches on New Electric Arc Furnace

12 December 2023 - Brazilian long products maker Gerdau is commissioning an upgraded meltshop at its Whitby, Ont., Canada, facility, according to project contractor Danieli.

Systems Spray-Cooled Lands Order from Planned Rebar Mill

11 December 2023 - Startup rebar maker Hybar LLC has contracted Systems Spray-Cooled to supply electric arc furnace equipment for its planned mill in Osceola, Ark., USA.

Construction on thyssenkrupp Hot Strip Mil Upgrade Reaches Milestone

11 December 2023 - thyssenkrupp recently reached a milestone in the overhaul of a slab caster and hot strip mill at its Bruckhausen site in Duisburg, Germany.

Salzgitter Board Extends CEO’s Tenure

07 December 2023 - Salzgitter AG’s supervisory board has extended chief executive officer Gunnar Groebler's contract until 2029, the German steelmaker said Thursday.

Alfa Laval Partners With Outokumpu on Green Stainless Steel Solution

05 December 2023 - Heat transfer specialist Alfa Laval will begin buying low-CO2 stainless steel from Outokumpu under a new supply contract, the companies report.

Volvo to Use SSAB Recycled, Near-Net-Zero Primary Steels

04 December 2023 - Volvo will use near-zero emission primary and recycled sheet steel from SSAB in a car program, beginning in 2026.

ArcelorMittal Taps Sarralle for Spanish EAF

30 November 2023 - ArcelorMittal Asturias in Spain has signed Sarralle to build an electric arc furnace for its Gijón plant, the equipment manufacturer has announced.

Reports: U. S. Steel Puts Granite City BF on Indefinite Idle

29 November 2023 - United States Steel Corporation is indefinitely idling the primary end of its Granite City Works in Illinois, impacting approximately 1,000 workers, according to news reports.

SSAB Celebrates Start of Work on EAF

29 November 2023 - SSAB has broken ground on a SEK6.2 billion (approximately US$600 million) project to install an electric arc furnace and ancillary equipment at its Oxelösund plant in Sweden.