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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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Latest News

Commercial Metals Company Names New President 

22 February 2023 - Commercial Metals Company (CMC) chairman and chief executive Barbara R. Smith will be handing off the presidency of the company as part of CMC’s succession planning, the long products maker has announced. 

New Roller Leveler Up and Running at Nucor Plate Mill 

22 February 2023 - Nucor Corp. has put a new heavy plate roller lever into service at its Tuscaloosa, Ala., USA, facility, according to the manufacturer of the equipment.

Algoma Reports Progress on Meltshop Project 

20 February 2023 - Algoma Steel has reached a new milestone in construction of its electric arc furnace based meltshop, setting the first structural steel columns that will support the facility. 

thyssenkrupp Exploring Electrical Steel Opportunities in India 

20 February 2023 - thyssenkrupp has opened discussions with the Indian government about expanding electrical steelmaking capacity in the country, reports Indian business publication Mint. 

Salzgitter Completes Acquisition of German Recycler

20 February 2023 - Salzgitter AG’s scrap and alloys subsidiary Deutsche Erz- und Metall-Union has acquired Germany’s Must-Metalle-Container-Recycling. 

Spain Grant to ArcelorMittal Decarbonization Project Cleared 

20 February 2023 - The European Commission has OK’d a EUR460 million grant Spain plans to give to ArcelorMittal’s Gijon facility in support of its decarbonization efforts. 

Turkish Mills Remain Shut in Earthquake’s Aftermath

16 February 2023 - The devastating earthquakes in Turkey and Syria have disrupted up to one-third of Turkey’s steel production, with mills closing as they look for workarounds to workforce and power problems, reports S&P Global Commodity Insights.

Ternium to Invest US$2.2 Billion in North American Slab Plant, DRI Furnace 

16 February 2023 - Ternium announced Tuesday that it will invest US$2.2 billion in a North American electric arc furnace–based slab plant and direct reduction furnace. 

GM Signs for U. S. Steel’s Sustainable Steel  

16 February 2023 - United States Steel Corporation has signed an agreement to supply General Motors with verdeX, its branded line of sustainable steel, U. S. Steel announced Wednesday. 

SSAB to Explore Sustainable Quicklime Use in Steel Production

16 February 2023 - SSAB, a Swedish technology company and a limestone producer will conduct preliminary research on incorporating sustainably produced quicklime into SSAB's steelmaking process.

YK Steel Turns to SMS group for Rebar Mill 

13 February 2023 - South Korean steelmaker YK Steel has awarded a contract for a complete rebar mini-mill to SMS group. 

Swiss Steel Group Introduces New Thermomechanically Rolled Steel 

13 February 2023 - Swiss Steel Group has developed a high-strength steel that reportedly can be made without the need for expensive alloys and supplementary heat treatment.

Primetals Technologies Receives Order for Converter Reline Machine 

13 February 2023 - Germany’s Hüttenwerke Krupp Mannesmann (HKM) has ordered an LD converter relining machine from Primetals Technologies, according to the equipment manufacturer. 

Steel Dynamics Executive Named Chief Operating Officer

09 February 2023 - Steel Dynamics Inc. (SDI) veteran and AIST board member Barry T. Schneider has been promoted to president and chief operating officer, the company announced on Thursday.

Highbar Looking to Vault Into Steelmaking With Not One, Not Two, But Three Mills 

08 February 2023 - Highbar LLC, the Dave Stickler-led rebar-making startup that is planning a mill in Arkansas and has a second on the drawing board, apparently has a third facility in the pipeline. 

JFE Steel Plans Even Bigger Expansion of NGO Sheet Capacity

07 February 2023 - JFE Steel Corp. is doubling down on an expansion of its electrical steel sheet capacity, announcing Monday that it will invest an additional JPY50 billion (US$381.2 million) in a project already underway. 

U. S. Steel Restarts Idled Mon Valley Works BF

06 February 2023 - Increasing demand has prompted United States Steel Corporation to restart the No. 3 blast furnace at its Mon Valley Works in Pennsylvania. 

Swedish Producer Restarts Blast Furnace

01 February 2023 - SSAB has joined the list of European steel producers who have relit idled blast furnaces in recent weeks, reports Fastmarkets MB. 

Spanish, Polish Mills Start New Sarralle EAFs 

01 February 2023 - Two European steelmakers have started up Sarralle-built electric arc furnaces (EAFs), according to an announcement from the Spain-based engineer and equipment manufacturer. 

ArcelorMittal Invests in Green Steel Tech Startup

27 January 2023 - Ironmaking startup Boston Metal has raised US$120 million in Series C funding, with ArcelorMittal taking the lead in the third wave of investment. 

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