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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
TimkenSteel Adopts a New Name: Metallus
10 January 2024 - U.S.-based TimkenSteel is changing its name to Metallus Inc., a nod to its 100-year legacy as a steel producer and its hope to improve the world by producing high-performance metals.
CMC Reports Progress on Arizona Mill Ramp-Up
09 January 2024 - U.S. long products maker CMC is ramping up its new Arizona micro-mill following its summer start-up and is reporting month-over-month production increases, according to the company’s chief executive officer.
Nippon Steel Executive Optimistic on Chances of Acquiring U. S. Steel
08 January 2024 - Despite calls for a through review of Nippon Steel Corp.’s acquisiton of United States Steel Corporation, Nippon Steel’s top executive believes the deal will ultimately be finalized, the Reuters news service reports.
Cleveland-Cliffs Expands Board of Directors
04 January 2024 - Ron Bloom, a private equity executive, labor and political adviser, has joined the Cleveland-Cliffs Inc. board of directors, the steelmaker said Wednesday.
ArcelorMittal Signs US$2.7B Natural Gas Supply Agreement
04 January 2024 - ArcelorMittal Mexico has renewed a natural gas supply agreement with Mexican state utility CFE Energía, a 10-year deal worth US$2.7 billion, according to the Reuters news service.
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.
Labor Caucus Seeks Review of U. S. Steel Acquisition
03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation.
Salzgitter Announces Completion of Blast Furnace Reline
03 January 2024 - Germany’s Salzgitter has restarted its blast furnace following a 100-day reline and overhaul of the unit, the company has said.
POSCO Electrical Steel Plant Enters Service
03 January 2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports.
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.
Nippon Steel to Acquire U. S. Steel
18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.
U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process
15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, 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.
Nucor Expects Q4 Profitability to Drop
15 December 2023 - Nucor Corp. said fourth-quarter earnings are likely to decline around 43% from the same period last year on lower pricing and volumes.
SDI Forecasts Lower Q4 Earnings
15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.
Report: Germany to Back SHS Decarbonization Effort
13 December 2023 - The German government intends to provide EUR2.6 billion in funding for Staar-Holding Saar’s (SHS) planned decarbonization project, according to Kallanish.
New Bar Processing Plant Is Up and Running, Gerdau Says
13 December 2023 - Gerdau has commissioned a new long steel heat treat facility in Midlothian, Texas, USA, the company has announced.
Ontario Mill Switches on New Electric Arc Furnace
12 December 2023 - Brazilian long products maker Gerdau is commissioning an upgraded meltshop at its Whitby, Ont., Canada, facility, according to project contractor Danieli.
Systems Spray-Cooled Lands Order from Planned Rebar Mill
11 December 2023 - Startup rebar maker Hybar LLC has contracted Systems Spray-Cooled to supply electric arc furnace equipment for its planned mill in Osceola, Ark., USA.
Construction on thyssenkrupp Hot Strip Mil Upgrade Reaches Milestone
11 December 2023 - thyssenkrupp recently reached a milestone in the overhaul of a slab caster and hot strip mill at its Bruckhausen site in Duisburg, Germany.
