Steel News

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.

H2 Green Steel Sees Opportunity for Canadian Facility

10 October 2023 - Swedish steel startup H2 Green Steel and the Canadian government are discussing the potential for an iron facility or a steel mill in Quebec, reports the Bloomberg news service.

Danieli Lands Order for Polish Mill Upgrade

10 October 2023 - CMC Poland has contracted Danieli Automation to revamp its rolling mill, the equipment supplier reports.

Nucor Officially Cuts the Ribbon on New Plate Mill

09 October 2023 - Local and state leaders in Kentucky gathered with Nucor Corp. executives to cut the ribbon on the steelmaker’s new plate mill, reports The (Elizabethtown, Ky.) News-Enterprise newspaper.

SAIL Mill Contracts Japan’s Air Water for Industrial Gases

09 October 2023 - Japanese industrial gas supplier Air Water will invest the equivalent of US$90.6 million in an air separation unit as part of a new supply contract with an Indian steel mill.

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.

EU Regulators OK Liberty Steel Acquisition of Hungarian Mill

05 October 2023 - The European Commission has signed off on Liberty Steel’s plan to acquire the entirety of Hungary-based steelmakers ISD Dunaferr and ISD Kokszoló.

Finkl Steel Turns to ABB for Electrical System Solution

03 October 2023 - An ABB upgrade has helped Finkl Steel resolve a long-standing production and maintenance issue at its facility in Sorel, Que., Canada.

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.

Danieli to Build Vertical Slab Caster for French Mill

03 October 2023 - ArcelorMittal subsidiary Industeel has ordered a Danieli vertical slab caster for its Le Creusot plant in France.

CMC Rebranding Is Nod to Its Evolution From Steel Producer to Construction Industry Partner

03 October 2023 - Commercial Metals Company is changing its name and logo to better reflect its goals, commitments and evolution, the steelmaker has announced.

Nucor ‘Made for Good’ Campaign Highlights Sustainability Efforts

03 October 2023 - Nucor Corp. has launched a campaign calling attention to its long history of clean steelmaking and its efforts to help customers achieve their sustainability goals.

Tata Steel Reaps Big Gains With Big Data

02 October 2023 - Through the use of big data and artificial intelligence, Tata Steel estimates that it has driven US$1.4 billion in EBITDA savings and is looking for more, reports The Hindu BusinessLine newspaper.

ArcelorMittal Mexico Starts Automated Quality Control System

28 September 2023 - ArcelorMittal Mexico recently put an integrated quality control, production management and transport system from Primetals Technologies into service at is Lázaro Cárdenas site, the equipment supplier reports.

Nucor Looks to Fusion Technology as an Electricity Source

27 September 2023 - Nucor Corp. on Wednesday announced that it intends to bring fusion power to its steel mills through a collaboration with a company developing the technology.

Tata Steel CEO: Green H2 Is Answer to Indian Coal Dependence

26 September 2023 - India can reduce its dependence on coal through green hydrogen, Tata Steel chief executive officer and managing director TV Narendran said during a conference, reports Indian news service PTI.

Hyundai Steel Plans to Launch Pipe Subsidiary

26 September 2023 - Hyundai Steel has decided to establish an independent steel pipe unit as part of an effort to streamline its portfolio, reports The Korea Times newspaper.

Alton Steel Opens 6.5-MW Solar Facility

25 September 2023 - Special bar quality maker Alton Steel on Monday cut the ribbon on an on-site solar array that will meet 10% of the steel producer’s electricity needs.

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.

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.