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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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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. 

North American Stainless Plans New Cold Mill

26 January 2023 - North American Stainless has greenlighted a US$244 million expansion of its Ghent, Ky., USA, mill, the company announced Thursday. 

Nucor Banks Record 2022 Profits 

26 January 2023 - Nucor Corp.’s 2022 profits leaped 24% as the company recorded its safest and most profitable year ever. 

U. S. Steel Eyes Late-Summer Completion of NGO Line 

26 January 2023 - United States Steel Corporation’s non-grain-oriented electrical steel (NGO) line in Arkansas is proceeding as planned and is on track for a late-summer start, the company has said. 

Nippon Steel Explores Carbon Capture Project

25 January 2023 - Nippon Steel Corp. and two other companies will explore the potential for carbon capture and storage project, according the Reuters news service. 

SDI Achieves Record Profitability in 2022

25 January 2023 - 2022 was a banner year for Steel Dynamics Inc. as the U.S. steelmaker posted record net sales, profits and shipments.

Report: U.K. Looks to Provide Support to British Steel, Tata Steel UK

23 January 2023 - The U.K. government reportedly is considering GBP600 million in financial support for its two biggest steel producers to help them convert to low-CO2 processes. 

JSW Steel Signs On to Green Steel Certification Effort 

23 January 2023 - JSW Steel has joined the global ResponsibleSteel initiative, an effort to introduce a worldwide certification for responsibly sourced and produced steel. 

Nucor Launches First Sustainable Steel Product for Offshore Wind Applications

19 January 2023 - Nucor Corp. is introducing an advanced, heavy-gauge steel plate designed specifically for offshore wind energy applications. 

SSAB Wraps Electrical Equipment Upgrade

17 January 2023 - SSAB recently completed an upgrade to its Montpelier, Iowa, mill, making an improvement to the rectifier serving the facility’s DC electric arc furnace, the contractor on the project has said. 

Primetals Technologies Tapped for Wire Rod Mill Project

17 January 2023 - A Swiss wire rod mill recently contracted Primetals Technologies to make improvements that will boost production performance, the plant builder has announced. 

JFE Steel Starts Rebuilt Blast Furnace

16 January 2023 - Japan’s JFE Steel Corp. has relit the No. 6 blast furnace at its East Japan Works after wrapping up a JPY43 billion (US$334.5 million) overhaul.

British Steel Prepares to Commission Billet Caster 

13 January 2023 - Long products maker British Steel is preparing to commission a GBP54 million billet caster this spring, the company reports. 

Pennsylvania Grant to Help Cleveland-Cliffs Upgrade Mill Rail System

13 January 2023 - Cleveland-Cliffs Inc.’s Coatesville, Pa., USA, plate mill is improving its internal rail system and has received a US$1.4 million state grant in support of the project. 

ArcelorMittal Europe, Distributor Partner on CO2 Reduction Effort 

12 January 2023 - ArcelorMittal Europe’s flat products group and a major customer have agreed to work more closely on reducing carbon dioxide emissions and enhancing their sustainability efforts within the automotive market. 

CMC Sees Spring Start for Arizona Micro-Mill

12 January 2023 - Long products maker Commercial Metals Company (CMC) is building out crews and training them as it begins commissioning equipment at its new Arizona micro-mill, the company’s chief executive said Monday. 

Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings

11 January 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work. 

Stelco, Canadian College to Develop BF Monitoring System

11 January 2023 - Stelco Inc. is partnering with a Canadian college to build a prototype vision and communication system that will be installed in the company’s Lake Erie Works’ blast furnace.

SSAB Partners With Service Center on Green Steel Distribution 

11 January 2023 - Swedish service center operator Stena Stål has signed a letter of intent with SSAB to distribute the steelmaker’s fossil-fuel-free steel, becoming the first external supplier of the product. 

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