Steel News

SCHADE Appoints New Managing Director

09 October 2023 - AUMUND Group’s SCHADE Lagertechnik has named Jan Weckes as managing director, the German company has announced.

Acerinox Group Mill Signs UHT for Process Control Upgrade

05 October 2023 - Uvån Hagfors Technology AB (UHT) has been contracted to upgrade the level process control system at South Africa’s Columbus Stainless, the company reports.

EU Regulators OK Liberty Steel Acquisition of Hungarian Mill

05 October 2023 - The European Commission has signed off on Liberty Steel’s plan to acquire the entirety of Hungary-based steelmakers ISD Dunaferr and ISD Kokszoló.

Finkl Steel Turns to ABB for Electrical System Solution

03 October 2023 - An ABB upgrade has helped Finkl Steel resolve a long-standing production and maintenance issue at its facility in Sorel, Que., Canada.

Algoma, U. S. Steel Sign Iron Ore Agreement

03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production.

Danieli to Build Vertical Slab Caster for French Mill

03 October 2023 - ArcelorMittal subsidiary Industeel has ordered a Danieli vertical slab caster for its Le Creusot plant in France.

Auto Strikes Begin to Dent Steel Demand

02 October 2023 - The United Auto Workers strike is beginning to impact the steel market, which has already been dealing with softening prices for flat-rolled products, reports the Wall Street Journal.

Nippon Steel Works Shuttered After 70 Years of Operation

02 October 2023 - Nippon Steel Corp. has closed its historic Kure plant, bringing to an end seven decades of production.

Tata Steel Reaps Big Gains With Big Data

02 October 2023 - Through the use of big data and artificial intelligence, Tata Steel estimates that it has driven US$1.4 billion in EBITDA savings and is looking for more, reports The Hindu BusinessLine newspaper.

Olympic Steel Expands Reach Through Acquisition

02 October 2023 - Olympic Steel Inc. has acquired a Midwestern and Southern bar and tube fabricator in an all-cash deal, the service center has announced.

ArcelorMittal Mexico Starts Automated Quality Control System

28 September 2023 - ArcelorMittal Mexico recently put an integrated quality control, production management and transport system from Primetals Technologies into service at is Lázaro Cárdenas site, the equipment supplier reports.

Nucor Looks to Fusion Technology as an Electricity Source

27 September 2023 - Nucor Corp. on Wednesday announced that it intends to bring fusion power to its steel mills through a collaboration with a company developing the technology.

Vale to Weigh Potential of Port-Based HBI Plant

27 September 2023 - Iron ore miner Vale has signed a memorandum of understanding with a southeastern Brazilian port to explore development of a hot briquetted iron hub, the company has announced.

USW Announces Passing of International President Tom Conway

26 September 2023 - United Steelworkers (USW) international president Tom Conway has died at the age of 71, the union announced Monday.

Alton Steel Opens 6.5-MW Solar Facility

25 September 2023 - Special bar quality maker Alton Steel on Monday cut the ribbon on an on-site solar array that will meet 10% of the steel producer’s electricity needs.

Indian Mill Starts Sarralle Ladle Furnace

22 September 2023 - A Sarralle-built ladle furnace has been successfully hot commissioned at India’s ESL Steel Ltd.-Vedanta, the equipment manufacturer reports.

JSW Slows Pace on Teck Resources Coal Unit Deal

22 September 2023 - A diplomatic dispute between Canada and India is said to be slowing JSW Steel’s effort to acquire a stake in Teck Resources’ metallurgical coal unit, according to the Reuters news service.

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.

Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process

21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.

ABB, SMS group Tag Team on Hot Strip Mill Drivetrain

20 September 2023 - ABB is partnering with SMS group to deliver the medium-voltage motors and drives to the new AM/NS India hot strip mill in Hazira, the companies report.