Steel News

Commercial Metals Company Reports Record Second Quarter Earnings

17 March 2022 - Commercial Metals Company (CMC) earned US$383.3 million in revenue on net sales of US$2 billion in its fiscal second quarter, its second-best performance in the company’s history, according to an official press release.

BlueScope Secures AU$55.4 Million Modern Manufacturing Grant

15 March 2022 - BlueScope announced today that they have received a Modern Manufacturing Initiative (MMI) grant from the Australian federal government.

New Green Hydrogen Plant Project to Support British Steel’s Decarbonization

14 March 2022 - Last week British Steel Ltd. celebrated the launch of a hydrogen electrolyzer plant project near its Teesside, U.K., steel works that will eventually provide the steelmaker with a local source of renewable green hydrogen for net-zero steel production.

Tosyalı Holding to Partner With Huawei and SolarAPEX on Solar Roof Project

14 March 2022 - Tosyalı Holding has announced plans to implement one of the world’s largest roof solar energy plants, in collaboration with Huawei and SolarAPEX, to continue the company's mission to reach a zero-carbon target.

ArcelorMittal Tubarão Becomes First Steel Mill in the Americas to Earn ResponsibleSteel Certification

10 March 2022 - The Brazilian mill has been recognized by global standards initiative ResponsibleSteel for its environmental, social and governance (ESG) performance, the steelmaker said.

Reports: JSPL Expects to See Demand Boost Created by War in Ukraine

10 March 2022 - India's Jindal Steel and Power Ltd. (JSPL) said it anticipates its exports to jump from 25% currently to 40% following the loss of steel production in Russia and Ukraine, according to The Economic Times.

Tenova and Salzgitter Shake Hands on 2.1-Million-Ton DRI Plant

08 March 2022 - Tenova has signed a memorandum of understanding with Germany’s Salzgitter AG to build a 2.1-million-metric-ton direct reduced iron (DRI) plant, the supplier announced today.

Schnitzer Steel Launches Line of Net-Zero Carbon Products

08 March 2022 - The manufacturer of recycled metal products announced yesterday the launch of a line of net-zero carbon products from its Cascade Steel operation in McMinnville, Ore., USA

Air Products, SARGAS to Build Additional Air Separation Unit at Jindal Shadeed Iron & Steel

08 March 2022 - The unit will be the third installation at Jindal Shadeed Iron & Steel in Sohar, Oman, and will increase the company’s nitrogen and oxygen production by 50%, according to Air Products.

Italian Steelmakers Partner on Coil Mill Joint Venture in Tunisia

07 March 2022 - Italy’s Marcegaglia Group has purchased a 50% joint venture stake in Sideralba S.p.A.’s galvanized coil subsidiary in Tunisia, according to Italian-language newswire agency ANSA.

Tenova to Build Largest Hydrogen DRI Plant in China for Baowu Group

03 March 2022 - Sinosteel Engineering & Technology Co. Ltd. has partnered with Tenova to build a 1-million-metric-ton direct reduced iron (DRI) plant for China’s Baosteel Zhanjiang Iron & Steel Co. Ltd., Tenova reports.

Reports: Steel Producers in Ukraine Halt Operations

03 March 2022 - In the wake of the Russian invasion of Ukraine, steel producers in Ukraine have slowed or halted production, according to several news sources.

ArcelorMittal Acquires Scottish Steel Recycler

03 March 2022 - ArcelorMittal announced it has acquired recycling business John Lawrie Metals Ltd., based in Aberdeen, Scotland.

POSCO to Build a Digital Twin to Test Hydrogen Technologies

02 March 2022 - The South Korean steelmaker is planning to build a virtual steel mill in which it can test hydrogen reduction steelmaking technology, according to BusinessKorea.

SDI, Rio Tinto, Nippon Steel Trading Back Renewable Biocarbon Producer

02 March 2022 - Aymium announced yesterday that it has secured Series B funding to support capacity expansion and increased deployment of its environmental technologies, with Steel Dynamics Inc., Rio Tinto and Nippon Steel Trading on board.

Hoa Phat Contracts Primetals Technologies for New Production Line

01 March 2022 - The Vietnamese steelmaker has awarded Primetals Technologies a contract for a new production line that will increase capacity at its steel plant in Dung Quat, Quang Ngai province, by 5.6 million tons per year, according to the equipment supplier.