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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

SDI Issues Q2 Guidance

19 June 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.  

Nucor: Q2 Likely to Be Better Than Expected   

18 June 2020 -   Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday. 

IAC Secures Ancillary Equipment Order From New SDI Mill 

18 June 2020 - Kansas-based Industrial Accessories Co. (IAC) recently was awarded contracts to install certain ancillary components of Steel Dynamics Inc.’s new flat-rolled mill in Texas. 

Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says

17 June 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.  

Big River Steel Announces Partnership With Koch Metallics

17 June 2020 - Big River Steel has signed an agreement that will make a Koch family business the steelmaker’s exclusive metallics procurement agent. 

Report: JSW Steel Putting Ohio EAF Back Into Service 

16 June 2020 - JSW Steel is restarting its Mingo Junction hot rolling mill and electric arc furnace this week following a shutdown that began in mid-April, reports commodities news and pricing service S&P Global Platts. 

Aditya Mittal Joins ArcelorMittal Board 

15 June 2020 - Aditya Mittal, ArcelorMittal chief financial officer and likely successor as chief executive, has been elected to the company’s board of directors. 

MMK Mill Breaks Monthly Production Record 

15 June 2020 - A PJSC Magnitogorsk Iron and Steel Works sheet mill rolled more than 500,000 metric tons in May and set a new company record in the process. 

GFG Alliance Accelerates Carbon Reduction Investment Plans

12 June 2020 - GFG Alliance is stepping up investment plans but will seek cost savings and efficiency gains throughout its global operations as it looks to adapt to a new environment. 

Report: U. S. Steel Restarts Idled Furnace

11 June 2020 - United States Steel Corporation has put the No. 1 blast furnace at its Mon Valley Works back into service, reports commodities news and pricing service Argus Media. 

Germany Lays Big Bet on Hydrogen

11 June 2020 - Germany plans to invest EUR9 billion in efforts that promote hydrogen production and use under a national hydrogen strategy adopted Wednesday. 

Gerdau, Robotics Specialist Form Strategic Partnership 

10 June 2020 - Building on a five-year relationship, Gerdau has struck up a strategic partnership with Italian robotics specialist Polytec Robotics to develop new products and solutions.

thyssenkrupp Teams With Electricity Producer on Hydrogen Development

10 June 2020 - thyssenkrupp has agreed to work with electricity generator RWE Generation on developing hydrogen infrastructure as the steelmaker looks to convert a blast furnace to hydrogen in 2022. 

GFG Alliance Reveals Plans for Australian DRI Plant, EAF 

10 June 2020 - Sanjeev Gupta’s GFG Alliance will build a direct reduction plant and electric arc furnace (EAF) under a revised investment plan for its Whyalla steel works in Australia, the company has announced. 

Cleveland-Cliffs to Restart Iron Ore Mine as Demand Begins to Rebound

09 June 2020 - Iron ore miner and steelmaker Cleveland-Cliffs Inc. is resuming construction of its hot briquetted iron (HBI) plant in Ohio and moving up plans to restart an idled iron ore mine in Michigan. 

SMS group Wins Caster Maintenance Contract

09 June 2020 - Steel Dynamics Inc. (SDI) has awarded SMS group a multi-year caster maintenance contract for its new flat-rolled facility in Sinton, Texas, USA.

Nippon Steel Schedules Blast Furnace Reline

08 June 2020 - Nippon Steel Corp. has announced plans to reline the No. 3 blast furnace at its Nagoya Works in southern Japan. 

Danieli Receives Final Acceptance on Rolling Mill Improvements 

08 June 2020 - Danieli recently upgraded process controls and automation on a special bar quality mill in southeastern Brazil. 

voestalpine Delays Opening of Special Steel Plant

05 June 2020 - Delayed deliveries are forcing voestalpine to push back the expected completion date of its advanced special steel plant in Kapfenberg, Austria.

Danieli Technology Selected for Plate Mill Upgrade

04 June 2020 - Danieli has won a contract to upgrade a 4-high plate mill in Italy, the company has announced. 

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