Steel News

Nucor Progresses on West Virginia Sheet Mill

28 October 2024 - Nucor has set some of the first pieces of equipment at its new West Virginia sheet mill as it eyes a late 2026 start, reports The (Wheeling, W.Va.) Intelligencer.

Primetals Technologies Tapped for Substation Build

24 October 2024 - Primetals Technologies has been contracted to build an electrical substation for Saarstahl’s plant in Völklingen, Germany.

Nucor Signs SMS group for Steckel Mill Revamp

23 October 2024 - Nucor Corp. has contracted SMS group to modernize its Tuscaloosa, Ala., mill, USA, SMS group has announced.

voestalpine Divests German Tool Steel Manufacturer

23 October 2024 - voestalpine has agreed to sell German tool and engineering steelmaker Buderus Edelstahl to private equity firm Mutares SE & Co. KGaA for an undisclosed amount.

Blastr Green Steel Lines Up Another Customer

23 October 2024 - German steel processor and distributor Knauf Interfer has signed a memorandum of understanding with startup Blastr Green Steel, inking an agreement that could see the company annually taking 100,000 metric tons of Blastr’s ultralow-CO₂ steel.

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%.

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.

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.

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.

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.