Steel News

LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe

29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.

Rio Tinto Steps Up Testing of New Low-Carbon Ironmaking Process

23 November 2022 - Iron ore miner Rio Tinto will build a large-scale pilot plant to further test its promising low-carbon ironmaking process, the company has announced.

KOCKS Lands Order for Bar Mill Reducing, Sizing Block

23 November 2022 - India’s Tata Steel Long Products Ltd. has contracted rolling mill sizing specialist Friedrich KOCKS GmbH & Co. KG for a reducing and sizing block that will serve the steelmaker’s new rolling mill complex in Jamshedpur.

Salzgitter, Auto Parts Maker Team Up on Green Steel Processing, Recycling

22 November 2022 - Salzgitter Flachstahl has signed a memorandum of understanding with German automotive supplier Mubea, laying out a framework in which the two companies will collaborate on green steel processing and closed-loop steel recycling.

Primetals Technologies Reports First Coil on Upgraded PLTCM

17 November 2022 - China’s Valin ArcelorMittal Automotive Steel has produced the first coil on an upgraded tandem cold mill in Loudi, Hunan province, reports project contractor Primetals Technologies.

Volvo’s First Electric and Fossil-Free Steel Trucks Now in Production

16 November 2022 - The first of Volvo’s heavy-duty electric trucks, some of which are being built with fossil-free steel, have rolled off the assembly line, the company reports.

New BENTELER Steel/Tube Product Marries Seamless Tube and Machining Steel

15 November 2022 - Austria’s BENTELER STEEL/TUBE has developed seamless tubes made from free-cutting steels, an innovation it says will provide seamless tube solutions for machining companies, machine builders and manufacturers of precision workpieces.

Danieli Wraps Up Shear Rebuild

15 November 2022 - Danieli has completed a rebuild of the sidetrimming plate shear serving the Steel Authority of India (SAIL)’s BSP Bhilai plant.

LIBERTY Steel Reaches Agreement on Debt Restructuring

15 November 2022 - LIBERTY Steel Group tentatively has reached an agreement in principle to restructure its global debt, but is still trying to negotiate a plan for its European steel business, the company has said.

Lower Prices, Destocking Bite Into ArcelorMittal Q3 Profits

10 November 2022 - ArcelorMittal saw its third-quarter profits cut by more than 75% on reduced shipments and lower prices for those shipments.

Salzgitter Throttles Up New Galvanizing Line

10 November 2022 - German steelmaker Salzgitter has begun ramping up its new No. 3 hot-dip galvanizing line, a EUR200 million investment meant to help strengthen its position as a supplier of premium sheet to auto and appliance manufacturers.

Shell Acquires Biobased Lubricants Business

09 November 2022 - Shell subsidiaries in Europe and the U.S. are acquiring the environmentally considerate lubricants (ECLs) business of the PANOLIN Group, the energy company has announced.

POSCO Plate Certified for Use in Wind Towers

07 November 2022 - Standards maker Det Norske Veritas (DNV) has certified a POSCO plate steel for use in wind turbines, a decision that POSCO says will help make turbines even more environmentally friendly.

Primetals Technologies, RHI Magnesita Partner on Green Melting Tech

03 November 2022 - Plant engineer Primetals Technologies and refractories maker RHI Magnesita have developed a new melting technology designed to work with lower-grade direct reduced iron, the companies report.

ArcelorMittal to Trial Carbon Capture Tech in North America, Europe

27 October 2022 - ArcelorMittal will test out carbon capture technology at plants in Europe and North America under a newly signed agreement, the steelmaker said on Thursday.

H2 Green Steel Finds Debt Financing for Mill Project

26 October 2022 - Swedish steelmaking startup H2 Green Steel has tentatively arranged EUR3.5 billion in debt financing to support construction of its planned mill, the company reports.

Ford in Europe Signs for Low-CO2 Steel

25 October 2022 - Ford Motor Co.’s European operation has signed memorandums of understanding (MOUs) with three steelmakers to buy low-CO2 steel for its vehicles, the automaker said Tuesday.

Metso Outotec Unveils New Furnace Intended to Help Lower CO2 Intensity

25 October 2022 - Metso Outotec is launching sales of an ironmaking furnace meant to replace the classical blast furnace, offering steel producers a new option in their efforts to reduce CO2-intensity.

Primetals Technologies Signs On for Maintenance Service Contract With JSW Dolvi

21 October 2022 - The contract covers comprehensive maintenance services, including spare parts, for the new continuous slab casters at JSW Dolvi in Maharashtra, India, the equipment supplier announced yesterday.

British Steel Expands Structural Section Offerings

21 October 2022 - The company has added 71 beams and columns to its Advance® structural sections product line, which are geared toward the construction sector.