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Industry
Latest News
Salzgitter Secures Supply of Solar-Generated Electricity
06 August 2024 - Salzgitter Group has signed a long-term green power purchase agreement that will provide for up to 64 gigawatt hours annually, the steelmaker said Tuesday.
Primetals Technologies Sells Its 100th Electrode Control System
06 August 2024 - Primetals Technologies recently celebrated the 100th installation of its Melt Expert electrode control system, the company reports.
Danieli Lands Order for Reheat Furnace Upgrade
06 August 2024 - North Macedonia’s Makstil AD has contracted Danieli to revamp a plate mill reheat furnace, Danieli has announced.
China to Provide Financial Support for Hungarian Steel Works Revamp
05 August 2024 - The China Export and Credit Insurance Corp. (Sinosure) is underwriting EUR1.3 billion in loans that will pay for two new electric arc furnaces at Liberty Steel Group’s Dunaujvaros plant in Hungary.
Nippon Steel Remains Confident in U. S. Steel Acquisition
05 August 2024 - Nippon Steel Corp. has reiterated its belief that will finalize its proposed acquisition of United States Steel Corporation by year’s end.
New Wave of Chinese Steel Exports Softening Prices, ArcelorMittal Says
01 August 2024 - ArcelorMittal saw its second-quarter profits fall and said Chinese steel exports have put the market in “unsustainable” territory.
Shagang Group Starts Three New Castrip Lines
31 July 2024 - China’s Shagang Group has issued final acceptance certificates on two new Castrip lines and in June started up a third, according to project contractor Primetals Technologies.
Tata Steel U.K. Expects September Shutdown of Second BF
31 July 2024 - Tata Steel is on pace to close the second of two blast furnaces at its Port Talbot Works in the U.K. by this September, the company said in its fiscal 2025 first-quarter earnings statement.
Report: EU Sees Mixed Progress on Creating Green Hydrogen Market
30 July 2024 - The European Union took an early lead in moving to establish a regional green hydrogen economy, setting as a goal to produce and import 20 million metric tons by 2030.
Australia's Iron Ore Miners Need a Plan
30 July 2024 - Iron ore is Australia’s most exported commodity. But with demand from China looking to be on the decline and with new iron ore capacity set to come on-line in other parts of the world, the Australian industry should take time to reevaluate its strategy, according to a report from the Institute for Energy Economics and Financial Analysis.
Nucor’s Capital Spend Is About to Rise
29 July 2024 - Nucor Corp. in June marked the opening of its new Gallatin, Ky., tube mill and is looking to bring a number of other, major capital projects across the finish line over the next two years.
U. S. Steel Takes Its Merger Case to Voters
29 July 2024 - United States Steel Corporation has turned to a new tactic as it pushes to brings its US$14.9 billion merger with Nippon Steel Corp. to fruition: pitching the public directly.
TT Iron Steel Closes on Point Lisas Acquisition
29 July 2024 - Iron Steel Co. Ltd. has closed on its acquisition of a former ArcelorMittal iron and steel plant in Trinidad and Tobago.
ABB Tapped for SDI Heartland Substation Improvements
29 July 2024 - Steel Dynamics Inc. (SDI) recently contracted to ABB to modernize an 18-breaker substation serving the steelmaker’s Heartland facility in Terre Haute, Ind., USA.
Cleveland-Cliffs Electrical Transformer Plant Could Employ 600
24 July 2024 - Cleveland-Cliffs Inc. expects to employ up to 600 people in Weirton, W.Va., USA, once it starts its planned electrical transformer plant, chairman and chief executive officer Lourenco Goncalves said Monday.
American Steel CEOs Push for Further Action on Mexican Imports
24 July 2024 - The U.S. government should take further steps to stop transshipments of steel through Mexico, the chief executive officers of two of the country’s top steel producers said this week, according to the Bloomberg news service.
U. S. Steel Partners with Industrial Decarbonization Start-Up
23 July 2024 - United States Steel Corporation will collaborate with a California startup that is developing a less-energy-intensive iron reduction process.
Zekelman Industries to Expand Alabama Facilities
23 July 2024 - Pipe and tube producer Zekelman Industries is investing more than US$6 million in operations in Jefferson County, Ala., USA.
Nippon Steel Sells Stake in Chinese JV
23 July 2024 - Japan’s Nippon Steel Corp. is pulling out of its Chinese joint venture with Baoshan Iron & Steel, ending a 20-year relationship.
Former U.S. Secretary of State Mike Pompeo Teams with Nippon Steel
22 July 2024 - Nippon Steel Corp. has enlisted the help of former U.S. Secretary of State Mike Pompeo as it works toward finalizing its US$14.9 billion acquisition of United States Steel Corporation, accord to the Reuters news service.
