Steel News

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.

Salzgitter Board Extends CEO’s Tenure

07 December 2023 - Salzgitter AG’s supervisory board has extended chief executive officer Gunnar Groebler's contract until 2029, the German steelmaker said Thursday.

Alfa Laval Partners With Outokumpu on Green Stainless Steel Solution

05 December 2023 - Heat transfer specialist Alfa Laval will begin buying low-CO2 stainless steel from Outokumpu under a new supply contract, the companies report.

Volvo to Use SSAB Recycled, Near-Net-Zero Primary Steels

04 December 2023 - Volvo will use near-zero emission primary and recycled sheet steel from SSAB in a car program, beginning in 2026.

ArcelorMittal Taps Sarralle for Spanish EAF

30 November 2023 - ArcelorMittal Asturias in Spain has signed Sarralle to build an electric arc furnace for its Gijón plant, the equipment manufacturer has announced.

Reports: U. S. Steel Puts Granite City BF on Indefinite Idle

29 November 2023 - United States Steel Corporation is indefinitely idling the primary end of its Granite City Works in Illinois, impacting approximately 1,000 workers, according to news reports.

SSAB Celebrates Start of Work on EAF

29 November 2023 - SSAB has broken ground on a SEK6.2 billion (approximately US$600 million) project to install an electric arc furnace and ancillary equipment at its Oxelösund plant in Sweden.

POSCO Plans to Go All in on H2 Ironmaking

27 November 2023 - South Korean steel giant POSCO plans to shift entirely to hydrogen-reduced iron production by 2050, reports BusinessKorea.

Danieli to Upgrade Austrian Slab Caster

27 November 2023 - voestalpine has contracted Danieli to upgrade a vertical slab caster at its Linz plant in Austria.

thyssenkrupp Sees Machine Vision System Aiding Defect Detection

27 November 2023 - thyssenkrupp is implementing a Primetals Technologies-made computer vision solution for detecting strip cross cracks at a German hot strip mill.

Nucor Announces US$280M Plate Mill Improvement

20 November 2023 - Nucor Corp.’s board of directors have greenlighted a US$280 million modernization of its Tuscaloosa, Ala., plate mill, the company announced Friday.

BlueScope Steel Selects Danieli Technology for Decarbonization Project

20 November 2023 - BlueScope Steel’s New Zealand Steel has ordered a Danieli Digimelter furnace as part of its plans to reduce its CO2 emissions.

Schneider Electric Opts for ArcelorMittal’s Renewably Produced XCarb Steel

20 November 2023 - French multinational Schneider Electric will buy ArcelorMittal’s XCarb recycled and renewably produced steel for its electrical cabinets and enclosures, the company has announced.

Deacero Orders Five Scrap Shredders

15 November 2023 - Mexican long products producer Deacero has placed an order with Danieli Centro Recycling for five shredding plants to process light domestic scrap and car bodies, according to the equipment supplier.