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Industry
Latest News
Metallus Receives State Support for US$100M Expansion
08 August 2024 - Specialty metals manufacturer Metallus Inc. has received US$3.5 million in grants from the state of Ohio in support of a planned expansion.
AISI: Commerce Department Made the Correct Decision on Vietnam Non-Market Economy Status
08 August 2024 - The American Iron and Steel Institute (AISI) is applauding the Commerce Department’s decision to retain Vietnam’s non-market economy status.
Inductotherm Names New Leadership
07 August 2024 - Inductotherm Group has named two new co-leaders as longtime chief executive officer (CEO) Gary Doyon steps down from his role as part of the company’s planned succession strategy.
ArcelorMittal Completes Vallourec Transaction
07 August 2024 - ArcelorMittal has finalized its acquisition of a EUR955 million stake in tubemaker Vallourec.
Chilean Steelmaker Blames Chinese Imports for Production Stop
07 August 2024 - Compañía Siderúrgica Huachipato, Chile's largest steel plant, is "indefinitely suspending" production, saying that it is impossible to compete with dumped Chinese steel, according the AFP news service.
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.
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