Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
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.
Danieli Cheers Nucor Corp. Plate Mill Start
10 January 2023 - Along with Nucor Corp, Danieli is celebrating the rolling of the first plate at the steelmaker’s new US$1.7 billion Kentucky plate mill and calling attention to the role its equipment will play there.
Healthy Demand Pushes Up CMC’s Q1 Profits
09 January 2023 - Long products maker Commercial Metals Company (CMC) saw its fiscal first quarter profits rise 12% due in part to strength in North American demand, the company said on Monday.
SMS group Keeps the Big Wheel Turning at German Mill
09 January 2023 - SMS group recently wrapped up replacement of a 90-ton wheel set at a European rolling plant, turning around a project that could have taken more than a year in five months, the company reports.
H2 Green Steel Partners With Industrial Solutions Firm
09 January 2023 - Steelmaking startup H2 Green Steel has signed a letter of intent to collaborate with Swedish industrial solutions provider Mobilaris, the company said on Monday.
Nucor Plate Mill Reaches Start-Up Milestone: Its First Plate
03 January 2023 - Nucor Corp.’s new US$1.7 billion plate mill has rolled its first plate and is undergoing final commissioning, the company announced Tuesday morning.
Proposed Finnish Steel Mill Finds a Home
03 January 2023 - Norwegian steel startup Blastr Green Steel has signed a letter of intent with Finnish state-owned energy company Fortum oyj for an industrial site in the western part of the country.
Outokumpu Finalizes Sale of Long Products Unit
03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.
Nucor Announces New Continuous Galvanizing Line for California Steel Industries
20 December 2022 - The 400,000-tons-per-year line to be constructed in Fontana, Calif., USA, will bring California Steel Industries’ (CSI) total hot-dip capacity to 1.2 million tons per year.
Danieli Tapped for Tata Steel SBQ Project
19 December 2022 - Tata Steel Group has selected Danieli to provide a 500,000-tons-per-year special bar quality (SBQ) bar and wire rod mill in Jamshedpur, India, the equipment supplier announced last week.
Steel Dynamics Expects Q4 Earnings to Decline
16 December 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations.
Nucor Expects Q4 Earnings to Slide, Announces Expansion of Steel Towers Business
16 December 2022 - Nucor Corp. expects its fourth-quarter earnings to fall roughly 45% due in part to lower volumes and lower average selling prices, the company said on Thursday.
LIBERTY Steel USA Refinances Debt
16 December 2022 - LIBERTY Steel USA has refinanced a term loan and raised an existing asset-based lending facility to US$150 million, moves that will provide the wire rod producer with additional liquidity, the company has announced.
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