Raw Materials

Latest News

Salzgitter Eyes 2026 Start of New Scrap Shredding Plant

04 April 2024 - Salzgitter has commissioned construction of an EUR30 million scrap shredding plant at its Salzgitter work in Germany, the company has said.

Steel Producer Issues Call for Green Hydrogen

27 March 2024 - Stahl-Holding-Saar (SHS), which owns steel producers Dillinger and Saarstahl, is seeking bids for renewable hydrogen to be used in a planned direct reduction plant at its Dillinger steel mill, according the online publication Hydrogen Insight.

U.S. DRI Projects Receive Federal Support

25 March 2024 - Cleveland-Cliffs Inc., SSAB and Vale will share up to US$1.4 billion in federal funding supporting several proposed decarbonization projects.

Japanese DRI Demonstration Project Selects ENERGIRON Technology

20 March 2024 - Tenova and Danieli will lend their ENERGIRON direct reduction technology to a demonstration project intended to test full hydrogen reduction with low-grade iron ore.

A Scrap Shortage Is Coming. Steel Producers Should Act Now, Says Boston Consulting Group

14 March 2024 - A global 9-million-metric-ton scrap surplus could become a 15-million-metric-ton deficit by 2030 as more producers adopt EAF technology to meet decarbonization goals, according to a new forecast from the Boston Consulting Group.

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.

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.

POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business

04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation.

ArcelorMittal Commissions Demonstration Bio-Coal Plant

20 December 2023 - ArcelorMittal Belgium has commissioned a facility that converts waste wood into bio-coal for use in its Gent blast furnace, the company has announced.

U. S. Steel Readies DR-Grade Pellet Plant for Production

15 December 2023 - United States Steel Corporation is expecting to produce the first batches of low-silica iron ore pellets at the first of the year, following a US$150 million upgrade at its Keetac facility in Minnesota.

Vale Inaugurates Iron Ore Briquetting Plant

12 December 2023 - Vale has cut the ribbon on its first-ever iron ore briquette plant, a milestone achievement that will help the company and its steelmaking customers lower their air emissions.

Deacero Orders Five Scrap Shredders

15 November 2023 - Mexican long products producer Deacero has placed an order with Danieli Centro Recycling for five shredding plants to process light domestic scrap and car bodies, according to the equipment supplier.

POSCO, Nippon Steel Acquire Stake in Canadian Met Coal Miner

14 November 2023 - Canadian miner Teck Resources Ltd. has agreed to sell its metallurgical coal business to a group led by Glencore plc through a deal valuing the business at around US$9 billion.

Outokumpu Takes Position in Biocarbon Producer

13 November 2023 - Stainless steel producer Outokumpu has acquired a 20% stake in a biocarbon producer, a move that locks up a supply of the material.

POSCO Recovers Investment in Australian Iron Ore Operation

10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.