Steel News

Gerdau Plans Capacity Boost at Texas Mill

04 August 2022 - Gerdau SA will invest approximately US$54.7 million to expand the capacity of its Midlothian, Texas, USA, bar mill, the company said in its second-quarter earnings release.

voestalpine Embarks Upon Process Control System Update

03 August 2022 - voestalpine has upgraded the process control systems for the three converter lines at its LD3 steel plant in Linz, Austria, reports the technology supplier on the project.

Nucor Adding Meltshop to Arizona Bar Mill

03 August 2022 - Nucor Corp. will build a US$100 million meltshop at its Kingman, Ariz., USA, bar mill, the company said Wednesday morning.

U. S. Steel Targets Keetac Mine for Upgrade

01 August 2022 - United States Steel Corporation posted a stand-out second quarter on Friday and announced that it had chosen its Keetac iron ore mine for a US$150 million investment.

Algoma, USW Extend Labor Contract, Temporarily Avert Strike

01 August 2022 - The United Steelworkers and Algoma Steel have agreed to a 15-day contract extension after resolving a key issue, temporarily averting a strike.

ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil

28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.

POSCO, PT Krakatau Eye Major Indonesian Investment

28 July 2022 - POSCO and Indonesian joint-venture partner PT Krakatau Steel plan to invest US$3.5 billion in expanding capacity in the country, reports the Reuters news service.

U. S. Steel Sees Emissions Intensity Drop

26 July 2022 - United States Steel Corporation reduced its greenhouse gas emissions intensity by 16% in 2021 and recycled 73% more scrap steel than in the previous year, the company states in its 2021 Sustainability Report.

First Prime Coil Comes Off the Line at Upgraded Nucor Plant

26 July 2022 - Nucor Corp.’s upgraded Gallatin sheet mill in Kentucky has produced its first prime coil, reports the equipment supplier on the project.

SDI Sinton Shifts Into Production Mode

25 July 2022 - Even as it begins executing on a US$1.9 billion plan to build an aluminum sheet mill in the southeast U.S., Steel Dynamics Inc. is ratcheting up operations at its Sinton, Texas, flat-rolled steel mill.

ArcelorMittal Inks Exclusive Sheet Piling Marketing Agreement

25 July 2022 - Pipe and piling distributor JD Fields & Co. Inc. (JDF) has signed a long-term marketing agreement with ArcelorMittal, giving it sole distribution rights to the steelmaker’s sheet piling systems in North America.

Stelco Q2 Shipments Appear Bright, but the Company Sees Clouds on the Horizon

25 July 2022 - Stelco expects its second-quarter shipments to increase more than 10% over the prior quarter, pushing up profits, but the company anticipates headwinds in the form of declining steel prices in the remaining half of the fiscal year.

Cliffs: Pent-Up Auto Demand Is Increasing, and So Will Its Bottom Line

22 July 2022 - Cleveland-Cliffs Inc.’s second-quarter profits declined 24% as increased prices for natural gas, electricity, scrap and alloys as well as other one-time charges tamped down earnings.

Nucor Aims for Its Most Profitable Year Ever

21 July 2022 - The company today announced record quarterly consolidated net earnings of US$2.56 billion for the second quarter of 2022.

Steel Dynamics Reports Record Second Quarter

21 July 2022 - The steelmaker on Wednesday announced a record-breaking second quarter in terms of steel shipments, net sales and operating income.

H2 and Hitachi Energy Announce Partnership

21 July 2022 - Hitachi Energy and H2 Green Steel have signed a Memorandum of Understanding to collaborate on projects that support the industrial startup in producing green steel.

ArcelorMittal Gent Starts Up New BOF

21 July 2022 - Equipment supplier Primetals Technologies announced yesterday that a new LD converter (basic oxygen furnace) it supplied to ArcelorMittal Belgium’s steel plant in Gent was recently started up.

SDI Announces US$2.2B Investment — In Aluminum

19 July 2022 - Steel Dynamics Inc. (SDI) on Tuesday said it will enter the flat-rolled aluminum market, announcing a US$2.2 billion plan to build a rolling mill and two separate recycled aluminum slab casting plants.

JSW Steel, Boston Consulting to Work Together on Climate Goals

19 July 2022 - JSW Steel has enlisted the help of management consultant Boston Consulting Group as it works toward reducing its carbon emissions intensity.

BHP, Tata Steel Partner Up on CO2 Reduction Effort

19 July 2022 - Iron ore miner BHP and Tata Steel will work together on developing low-CO2 iron- and steelmaking technologies, the companies have announced.