Latest News
thyssenkrupp, Volkswagen Sign MOU for Low-CO2 Steel
23 October 2024 - Volkswagen Group and thyssenkrupp have signed a memorandum of understanding related to the future offtake of low-carbon-intensity steel derived from thyssenkrupp’s planned direct reduction plant.
ABB Signs for ArcelorMittal XCarb Steel
22 October 2024 - ABB will begin using ArcelorMittal’s low-CO2-intensity steel in its Kabeldon power distribution systems, a move expected to reduce the carbon footprint of key electrification equipment by 29%.
Danieli Inks Contract for Hydrogen-Powered Rebar Mill
21 October 2024 - Danieli is partnering with an Australian entity called Greensteel Australia to build a rebar rolling mill powered by renewably produced hydrogen.
Tata Steel UK Orders Tenova EAF
21 October 2024 - Tenova has received an order from Tata Steel UK for a high-productivity electric arc furnace, the equipment manufacturer reports.
European Commission OKs Sweden’s Financial Support for SSAB Project
21 October 2024 - The European Commission has approved Sweden’s plan to provide a EUR128 million grant to SSAB’s mini-mill project in Luleå.
Aperam to Establish U.S. Presence Through Universal Stainless Acquisition
17 October 2024 - Pittsburgh-based Universal Stainless & Alloy Products Inc. is being sold to Aperam in a cash deal valued at US$539 million, the companies announced Thursday.
Former thyssenkrupp Executive to Lead Salzgitter Flachstahl
17 October 2024 - Salzgitter Flachstahl GmbH has named Heike Denecke-Arnold as management board chair, succeeding Ulrich Grethe, who is retiring.
ArcelorMittal Signs Long-Term Supply Agreement for Renewably Produced Steel
17 October 2024 - Roof window manufacturer VELUX Group has signed a 10-year commercial agreement with ArcelorMittal for renewably produced steel.
World Steel Association Forecast Points to a Down Year for Steel Demand
17 October 2024 - The World Steel Association has revised down its 2024 demand outlook, saying it now expects the world to require 1.75 billion tons this year.
JSW Steel to Explore Carbon Capture at Vijayanagar Plant
16 October 2024 - JSW Steel, iron ore miner BHP and carbon capture solutions provider Carbon Clean have signed an agreement to jointly study a carbon capture solution.
SHS Group Chooses Technology Suppliers for Process Conversion
16 October 2024 - Germany’s SHS Group has awarded contracts for a direct reduction plant and two electric arc furnaces, the central components of a decarbonization project at its Dillinger/Saar and Völklingen plants.
Chinese Exports on Pace for 100M Metric Tons in 2024
15 October 2024 - With three months still to go in 2024, Chinese steel exports to the rest of the world have reached 81 million metric tons, up 21% from 2023, reports the Bloomberg news service.
Nippon Steel to Divest Stake in Alabama Rolling Mill
15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.
SDI Announces Science-Based CO2 Intensity Targets
10 October 2024 - Steel Dynamics Inc. will look to reduce the CO2 intensity of its hot-rolled steel by 15% over the next six years under new science-based goals it has set as part of its participation in the Global Steel Climate Council.
Tata Steel Netherlands, Lindab Sign Green Steel MOU
09 October 2024 - Tata Steel Netherlands has signed a memorandum of understanding (MOU) with the Swedish company Lindab to supply the company with green steel as soon as it switches to hydrogen-based production.
Stelco Acquisition Clears Another Regulatory Hurdle
09 October 2024 - Canadian antitrust regulators have given the green light to Cleveland-Cliffs Inc.’s acquisition of Ontario-based Stelco.
Justice Department OKs Cliffs-Stelco Deal
09 October 2024 - The sale of Canadian steelmaker to U.S.-based Cleveland-Cliffs Inc. has cleared a U.S. Justice Department antitrust review, Cliffs announced on Tuesday.
Jindal Group to Acquire Czech Republic’s Vítkovice Steel
09 October 2024 - Czech plate producer Vítkovice Steel is being acquired by India’s Jindal Group, which plans to invest up to EUR150 million in the Ostrava company.
SSAB Contracts Engineering Partner for Mini-Mill Build
08 October 2024 - SSAB has selected Swedish engineering firm AFRY as its main engineering partner for its Luleå mini-mill project.
Report: thyssenkrupp Re-Examines Plans for Hydrogen DRI Furnace
07 October 2024 - thyssenkrupp AG is said to be reviewing plans for its billion-euro project to convert from traditional blast furnace ironmaking to hydrogen-fueled ironmaking.
