Steel News

Danieli Lands Rolling Mill Contract

05 November 2020 - Danieli has been awarded a contract to build a high-speed bar rolling mill for Korea Steel Shapes Co., the equipment supplier has announced.

Could the Next Owners of thyssenkrupp steel Include Germany’s Government? Maybe, CEO Says.

02 November 2020 - thyssenkrupp is keeping its options open as it tries to find a new path for its steel unit, including government ownership, reports the Reuters news service.

The Race is On For Greener Steelmaking

29 October 2020 - The global steel industry’s primary challenge over the next few decades is climate change, and it must rapidly develop new technological solutions, several industry leaders said during Fastmarkets AMM’s annual Steel Success Strategies conference.

Commissioning of Vietnamese Steel Shops Complete

29 October 2020 - Vietnam’s Hoa Phat Group has successfully commissioned two new steel shops that are part of its Dung Quat Economic Zone expansion.

SMA, EUROFER and Others Urge Steel Capacity Forum to Expand Efforts

22 October 2020 - Steel industry associations throughout the world are reiterating a call for the Global Forum on Steel Excess Capacity (GFSEC) to step up its work on the persistent problem.

EU Steel Industry Faces Major Changes

22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.

Nippon Steel Exec Sees EAFs in Its Future

20 October 2020 - Against the backdrop of increasing competition, Nippon Steel Corp. is evaluating the expanded use of electric-arc-furnace-based production, reports the Bloomberg news service.

Need Steel for a Sustainable Application? Swiss Steel Group Might Have One for You.

20 October 2020 - The Swiss Steel Group’s Deutsche Edelstahlwerke special steel plant is creating a branded portfolio of steels that it says are especially well suited for use in sustainable technologies.

Primetals Technologies Relocates Long Mill Shop

19 October 2020 - Primetals Technologies has completed construction on a new workshop and office in Massachusetts and is moving in machines and personnel, the company reports.

LIBERTY Steel Looks to Acquire thyssenkrupp

19 October 2020 - LIBERTY Steel Group has put a non-binding offer on the table for thyssenkrupp’s steelmaking unit, saying that the combined companies would be in a better position to face Europe’s steel market challenges.

SMS group Breaks Ground on New HQ

15 October 2020 - SMS group has formally marked the start of construction on a new campus headquarters in Germany, the company has announced.

Forecast: Steel Demand Is Down, But Not as Much as First Feared

15 October 2020 - The World Steel Association has revised up its biannual global demand forecast, saying that a strong recovery in China will soften the overall impact of the COVID-19 pandemic.

ArcelorMittal Europe Launches Sales of Green Steel

15 October 2020 - ArcelorMittal Europe said it will have produced 30,000 metric tons of commercially viable green steel this year, a first step on its way to becoming a carbon neutral producer.

Direct-Firing Furnace Technology Wins Big at Fives’ Innovation Awards

15 October 2020 - A team that developed an innovative reheat furnace has taken home a special company honor for their work, reports process equipment manufacturer Fives.

Report: EU Drafting Carbon Tax on Steel Imports

13 October 2020 - The European Commission is working on a plan to impose a carbon tax on imported steel, cement and electricity, reports the Reuters news service.

SMS group Lands Order for Bar Processing Line

13 October 2020 - Turkish bright bar producer Hasçelik San. Ve Tic. A.Ş has placed an order with SMS group for a new combined drawing line, the equipment supplier has said.

South Korean EAF Sees Efficiency Gains Through New Tech Package

09 October 2020 - South Korean special steel producer SeAH Besteel recently contracted Danieli to retrofit an electric arc furnace with a technology package aimed at improving process efficiency.

In Poland, ArcelorMittal Mothballs Two BFs. In Italy, It May Have a New Partner for Steel Works.

09 October 2020 - ArcelorMittal Poland will permanently close the hot end of its Krakow works, saying that there’s not enough demand, or market protection from unfairly traded imports, to support it, reports Kallanish Commodities.

POSCO Partners With ExxonMobil to Develop LNG Carriers

08 October 2020 - South Korean steelmaker POSCO has joined forces with oil and gas giant ExxonMobil to explore the use of high-manganese steel grades in the liquefied natural gas (LNG) industry, reports the Korea Herald newspaper.

ANDRITZ Receives Order for Train Wheel Production Line

08 October 2020 - EVRAZ joint venture Allegro has contracted ANDRITZ to supply a rail wheel production line capable of annually producing 200,000 train wheels.