Steel News

To Keep Steel at Home, China Drops Rebate on Export Tax

29 April 2021 - China is rescinding an export tax rebate on a range of steel products and lifting tariffs on some imports, an effort to reduce output but sustain its own domestic market, reports the Bloomberg news service.

ArcelorMittal Joins Effort to Establish Hydrogen Network in Hamburg

29 April 2021 - ArcelorMittal has joined a group of companies that aim to build a hydrogen network serving Hamburg, Germany, reports Kallanish Commodities.

Paul Wurth, Partners Prepare to Start Tests on CO2 Reduction Technology

29 April 2021 - SMS group’s Paul Wurth unit, in cooperation with Saarstahl and Dillinger, is preparing to start a pilot-scale plant that will covert coke oven gas into a reducing agent injected into a blast furnace.

Iron Ore Prices Set New Record

29 April 2021 - Steel prices have taken off as global demand recovers, but so too have iron ore prices, reports commodities news and pricing service S&P Global Platts.

Rising Steel Prices Prompt BlueScope to Raise Earnings Expectations

27 April 2021 - Australian steel producer BlueScope is revising up its second-half earnings forecast, largely due to the strength in the U.S. sheet market and performance of the company’s North Star mill.

In India, Medical Oxygen Is in Short Supply. Steelmakers Are Trying to Help.

27 April 2021 - As India battles a severe second wave of COVID-19 cases, Indian steel producers are helping to fill critical shortages of medical oxygen, reports Quartz India.

Danieli, Severstal Ink Deal for BF Modernization

27 April 2021 - Danieli Corus has been awarded a contract to modernize a Russian blast furnace, the company has announced.

SMS group Brings Paul Wurth Fully Under Its Roof

21 April 2021 - SMS group has acquired the remaining stake in its Paul Wurth unit from the Luxembourg government and state-owned banks, making it the sole owner of the plant engineering business, the company announced Wednesday.

ABS Becomes Reference for New Danieli Scrap System

21 April 2021 - Danieli’s steelmaking division, Acciaierie Bertoli Safau, is investing in a new Danieli technology that automatically sorts and processes scrap before it is charged into a furnace.

Gerdau Plans SBQ Investments in Brazil

19 April 2021 - Gerdau SA will invest approximately BRL1 billion (approximately US$180 million) in its Brazilian special steel operations, the company announced on Monday.

Potential Merger Could Give Rise to Super-Sized Steel Producer

16 April 2021 - Two Chinese steelmakers are reviving merger discussions that could lead to the formation of one of the world’s largest steelmakers, according to the Bloomberg news service.

ArcelorMittal Finalizes New Ownership Plan for ILVA

15 April 2021 - ArcelorMittal has completed an agreement that gives control of its ILVA business to a public-private partnership.

World Steel Forecasts Demand Rebound

15 April 2021 - Global steel demand is expected to grow 5.8% this year, assuming that second and third waves of the COVID-19 pandemic subside by the end of June and that the world continues to make headway with vaccinations.

Algerian Greenfield Mill Starts Up DRI Unit

15 April 2021 - Algerian Qatari Steel (AQS) has started up a new 2.5-million-metric-ton direct reduction (DR) plant at its greenfield mill in Algeria, capping a project that is more than seven years in the making.

Tata Steel Creates Carbon Surcharge

12 April 2021 - Tata Steel Europe will being adding a per-ton carbon surcharge to it steel contracts, a move that passes on the cost of carbon emissions allowances to buyers, reports commodities news and pricing service S&P Global Platts.

KOCKS Bags Order for Rolling Mill Upgrade

12 April 2021 - India’s Arjas Steel Private Ltd. has ordered a Friedrich KOCKS GmbH & Co. KG reducing and sizing block for its special bar quality (SBQ) mill in Tadipatri.

Primetals Technologies to Equip Tosyali Plant With Second EAF

08 April 2021 - Turkish steel producer Tosyali Demir Celik Sanayi A.S. has placed a follow-on order with Primetals Technologies for a new electric arc furnace and has asked for additional capacity on a recently ordered continuous caster, the equipment manufacturer has announced.