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Industry
Latest News
Steel Groups to Senate: Pass Leveling the Playing Field Act
11 September 2024 - The Steel Manufacturers Association, the American Iron and Steel Institute, the United Steelworkers union and other manufacturing groups are urging the U.S. Senate to pass a bill that would give the government additional tools to stop unfair trade practices by China.
U. S. Steel Brings New Corrosion-Resistant Product to Market
11 September 2024 - United States Steel Corporation has launched sales of corrosion-resistant, carbon flat-rolled steel that it calls ZMAG.
Hybar Adds Equity Investor
11 September 2024 - Infrastructure services provider Quanta Services has made a strategic equity investment in startup rebar manufacturer Hybar LLC.
U.K. Funding Allows Tata Steel EAF Project to Move Forward
11 September 2024 - Tata Steel has signed a GBP500 million funding agreement with the U.K. government, allowing it to move forward with a process conversion at its historic Port Talbot Works in Wales.
China Expands Carbon Trading Program to Include Steel
10 September 2024 - China’s steel, aluminum and cement producers will be added to the country’s national carbon trading market, the Bloomberg news service reports.
U.S. Flat-Rolled Producers Lodge Dumping Complaint Over Corrosion-Resistant Sheet
09 September 2024 - Several U.S. steel producers and the United Steelworkers union have filed dumping complaints with the Commerce Department over imports of corrosion-resistant steel from several countries.
SEC Fines Esmark, Bouchard Over U. S. Steel Offer
06 September 2024 - Esmark Inc. and its chairman will pay US$600,000 to settle Securities and Exchange Commission (SEC) charges that they made an offer to buy United States Steel Corporation despite having the financial wherewithal to complete such a deal.
Plastics Recycler Plans Facility to Make Coke Alternative
05 September 2024 - The U.S. Energy Department has conditionally agreed to guarantee a loan of up to US$182.6 million to Pennsylvania-based International Recycling Group (IRG), which is looking to build facilities that would produce a plastics-based coking coal alternative.
Danieli: Turkish Spooling Line Sets New Speed Record
05 September 2024 - A Danieli-built bar spooling is breaking speed records, achieving rates of 40 m/second for 8 and 10 mm diameters, Danieli reports.
Midrex, Vale to Further Develop Use of Iron Ore Briquettes in DRI Furnaces
05 September 2024 - Midrex Technologies Inc. has signed a technical cooperation agreement with iron ore miner Vale, allowing the two companies to further collaborate on a technical solution for the use of iron ore briquettes in direct reduction plants.
New CEO Takes the Helm of Vollmer
05 September 2024 - Strip measurement specialist Friedrich Vollmer Feinmessgeräte GmbH has named Thorsten Wünsch as chief executive officer, the company has announced.
Chinese Steel Exports Resurge
03 September 2024 - Chinese steel exports are on pace to reach or exceed 100 million metric tons this year, an eight-year high, reports the (London) Financial Times.
Harris Joins Biden in Opposing U. S. Steel Sale
03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned.
thyssenkrupp Steel Europe CEO Leaves Company Amid Dispute
29 August 2024 - Several thyssenkrupp Steel executives, including its chief executive officer, are parting ways with the company as a result of a dispute over the division's future, the Bloomberg news service reports.
Nippon Steel Promises Additional Investment in Mon Valley, Gary Works
29 August 2024 - Nippon Steel Corp. plans to invest an additional US$1.3 billion, if not more, in United States Steel Corporation’s Mon Valley and Gary works, should it finalize its acquisition of the iconic American steelmaker.
Salzgitter Trading Division Now Offers Product CO2 Declarations
28 August 2024 - Salzgitter Mannesmann Handel GmbH has developed a tool to calculate the carbon dioxide equivalent footprint of its products along the entire value chain and will issue product carbon footprint declarations.
ABB Selected for SSAB Rolling Mill Upgrade
28 August 2024 - ABB has won three related contracts tied to SSAB’s planned improvements of its Borlänge hot rolling mill in Sweden.
SSAB Completes Pilot Phase of HYBRIT Initiative
27 August 2024 - SSAB and partners are moving their HYBRIT fossil-fuel-free iron and steel initiative to the next stage of development, wrapping up an initial six-year effort that successfully demonstrated the feasibility of their process.
German Producer Issues FAC on New Scrap Cutting System
27 August 2024 - German special steel producer Lech-Stahlwerke (LSW) has signed the final acceptance certificate for a an innovative scrap torch-cutting machine at its plant in Meitingen, according to the machine's builder, Primetals Technologies.
China Reconsiders Capacity Swap Program
26 August 2024 - With China’s demand for steel on the decline, the government is rethinking its policy for allowing new steel mills to be built, according to the Bloomberg news service.
