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Nucor Signs Five-Year Pellet Agreement
14 March 2024 - Nucor Corp. has reupped a commercial agreement with Brazilian iron ore miner Samarco, signing a five-year supply agreement for iron ore direct reduction pellets.
ArcelorMittal Buys Equity Position in Vallourec
13 March 2024 - ArcelorMittal has acquired a 28.4% equity stake in French tubemaker Vallourec, the steelmaker has announced.
Report: South Korea Steelmaker Exploring Possibility of U.S. EAFs
12 March 2024 - Hyundai Steel is weighing the feasibility of building electric arc furnaces (EAFs) in the U.S. as a way to avoid tariffs, carbon emissions limits and competition from Chinese produces, reports The Korea Economic Daily.
Danieli Bags Order for Galvanizing Line
12 March 2024 - Danieli has received an order for a 700,000-metric-ton galvanizing line from Tata Steel, the company reports.
Great Lakes' Soo Locks Open Next Week
11 March 2024 - It’s an unmistakable sign of spring – iron ore shipping resumes on the Great Lakes. And this year, the season is beginning early. According the (Minneapolis, Minn.) Star-Tribune, the Soo Locks, a gateway between Lake Superior and the lower Great Lakes, will open on 22 March, three days ahead of schedule.
New Slitting Line to Enhance thyssenkrupp Electrical Steel Production
07 March 2024 - thyssenkrupp Steel has commissioned a new slitting line in Motta Visconti, Italy, replacing an older line and boosting production of high-efficiency electrical steel for the automotive industry, the company has said.
West Virginia Regulators OK Power Line for Nucor Mill
07 March 2024 - The West Virginia Public Service Commission has greenlighted a plant to build a US$86 million power transmission line that will serve Nucor Corp.’s West Virginia sheet mill, reports the (Huntington, W.Va.) Herald-Dispatch newspaper.
JSW Steel Plans EUR143 Million Investment in Italian Rail Mill
07 March 2024 - JSW Steel has signed a memorandum of understanding (MOU) with Italy to restart a steel facility in Piombino, the company has announced.
Refractories Producer to Open Tennessee Plant
06 March 2024 - German refractories manufacturer INTOCAST has broken ground on a US$20 million plant in Huntingdon, Tenn., planting its flag in the U.S. market.
SAIL, Primetals Technologies to Collaborate on Decarbonization
06 March 2024 - The Steel Authority of India Ltd. (SAIL) and Primetals Technologies have signed a memorandum of understanding to closely collaborate on projects and technologies related to decarbonization of the steelmaker’s Rourkela plant in Odisha, India.
Tenova Joins Green Hydrogen Trial
29 February 2024 - Tenova is partnering with two other Italian companies on a project intended to validate hybrid heating technologies for steel reheating, the equipment manufacturer has announced.
EU OKs Germany Plan to Support ArcelorMittal Project
29 February 2024 - The European Commission has signed off on Germany’s EUR1.3 billion financial aid package to ArcelorMittal in support of the steelmaker’s plan to decarbonize facilities there.
Ternium Revises Budget for Mexican Sheet Mill Expansion
22 February 2024 - Inflationary equipment pricing and fluctuations in the exchange rate have forced upward revisions to cost estimates on Ternium’s expansion in Mexico.
Wheeling-Nippon Celebrates Production Milestone
22 February 2024 - West Virginia coil processor Wheeling-Nippon Steel recently celebrated a production milestone, coating its 20 millionth ton.
Nucor Board Greenlights Funding for New Micro-Mill
21 February 2024 - Nucor Corp.’s board of directors has agreed to allocate US$860 million for construction of a rebar micro-mill, the steelmaker said Wednesday.
Salzgitter Divests Mannesmann Stainless Tubes Business
20 February 2024 - Italy's Cogne Acciai Speciali has acquired the Mannesmann Stainless Tubes Group from Salzgitter Ag for EUR135 million, Salzgitter said on Tuesday.
Hyundai Steel Opts for Fives Cooling System Solution
20 February 2024 - Hyundai Steel has contracted Fives to retrofit a continuous annealing and galvanizing line with a new cooling system, enabling it to produce third-generation, advanced high-strength steels.
Italy Moves to Repossess Its Largest Steelworks
20 February 2024 - The Italian government is placing the operator of the country's largest steelworks into extraordinary administration, removing control from majority owner ArcelorMittal.
Wanted to Buy: Hydrogen. And Lots of It.
19 February 2024 - thyssenkrupp Steel is soliciting bids for hydrogen to run its planned direct reduction plant, a first in the company’s decarbonization journey.
BlueScope Mulls Midwest Coil Processing Facility
19 February 2024 - BlueScope Steel Ltd. is studying whether to expand its North American value-add capabilities, weighing a potential 550,000-ton cold rolling and coil coating project in the Midwest.
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