Steel News

SSAB Veteran to Head European Division

17 December 2024 - SSAB has promoted its European division’s head of business development to the helm of the unit.

Nucor Forecasts Q4 Earnings Decline

17 December 2024 - Nucor Corp. is cautioning that fourth-quarter earnings are expected to fall more than 80% over the same quarter last year.

ANDRITZ Contracted for Austrian Galv Line Improvement

12 December 2024 - voestalpine has selected ANDRITZ to modernize the electrical and automation systems of one of its hot-dip galvanizing lines.

SSAB Secures Domestic Scrap Source

12 December 2024 - SSAB has signed a strategic cooperation agreement with Swedish recycler Stena Metall, providing for deliveries of recycled scrap metal to SSAB’s new electric arc furnace in Oxelösund.

Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal

11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.

Rio Tinto Agrees to Supply DR-Grade Pellets to GravitHy

11 December 2024 - Iron ore miner Rio Tinto has struck an agreement to supply a French ironmaking startup with high-grade, direct reduction pellets and to manage sales and marketing of the hot-briquetted iron the startup will produce.

SSAB Receives Funding for Process Conversion

11 December 2024 - SSAB has been awarded SEK1.45 billion in public funding for decarbonization efforts at its Luleå plant.

Report: Nippon Steel Shares Details on U. S. Steel Investment Plans

09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.

Danieli Receives Order for Indian Bar Mill

05 December 2024 - The Steel Authority of India Ltd. has awarded a contract to Danieli for a new bar mill and reheat furnace to be built in Durgapur.

Nippon Steel Remains Confident About U.S. Steel Transaction

05 December 2024 - Nippon Steel Corp. believes it can close its acquisition of United States Steel Corporation by year’s end, in spite of opposition from President-elect Donald Trump.

Mittal: Better Policy Needed to Preserve European Steelmaking

04 December 2024 - If Europe wants to continue to produce iron and steel, then it must immediately commit to building a better policy framework, ArcelorMittal founder and executive chairman Lakshmi Mittal writes in a (London) Financial Times op-ed.

SSAB's Chuck Schmitt Announces June Retirement

04 December 2024 - Chuck Schmitt, who has led SSAB’s Americas division for more than a decade, will retire in June 2025, the company has announced.

Liberty Steel Temporarily Shutters Peoria Wire Mill

04 December 2024 - Liberty Steel is shuttering its wire mill in Peoria, Ill., USA, temporarily and has furloughed over 500 employees at the facility, according to the (Peoria) Journal Star.

SMS group Tapped for EAF Power Feeder System

27 November 2024 - SMS group has been contracted to integrate an electrical direct feed system into a new electric arc furnace being built at SSAB’s Oxelösund steel plant in Sweden.

thyssenkrupp Proposes Job Cuts, Capacity Reduction

26 November 2024 - thyssenkrupp’s steel division is looking to shed 11,000 jobs over the next five years and reduce its steelmaking capacity as it attempts to reorient itself in changing European market.

Celsa Group Divests U.K., Nordic Facilities

21 November 2024 - Spain’s Celsa Group has agreed to sell mills in the United Kingdom and the Nordic region to Sev.en Global Investments, a Czech-based investment group.

Cliffs Plans Ontario Blast Furnace Improvement

21 November 2024 - With Cleveland-Cliffs Inc. having finalized its acquisition of Stelco, what’s next?

Commerce Department Wants to Raise Tariffs on Nippon Steel

19 November 2024 - Just as Nippon Steel Corp. promised unionized United States Steel Corporation workers that it wouldn’t export slabs at the company’s expense, the U.S. Commerce Department proposed to push up tariffs on Nippon imports.

thyssenkrupp Writes Off EUR1 Billion in Steel Division Value

19 November 2024 - thyssenkrupp recorded a EUR1 billion impairment on its European steel division, saying fiscal 2025 would be one of decisions, CNBC reported.

Nippon Steel Promises No Exports at U. S. Steel’s Expense

18 November 2024 - Nippon Steel Corp. is promising the United Steelworkers union that it won’t direct shipments from its Japanese mills to U.S. customers as part of its planned acquisition of United States Steel Corporation.