Steel News

Cleveland-Cliffs Announces Record Third-Quarter Results

22 October 2021 - The company today reported consolidated revenues of US$6 billion and net income of US$1.3 billion for the quarter ending 30 September 2021.

BMW Group Partners With H2 Green Steel to Help Reduce CO2 Emissions

21 October 2021 - BMW Group has reached an agreement with H2 Green Steel, a Swedish steel startup, to push forward with reducing CO2 emissions within its supply chain.

POSCO Develops New Specialty Steel Pipes

21 October 2021 - POSCO has produced specialized steel pipes to transport hydrogen which make transportation of it safer, the company has announced.

Metalloinvest Partners With Primetals Technologies, Midrex on HBI Plant

21 October 2021 - According to Midrex Technologies Inc., the three companies have signed a contract for construction of what they are reporting will be the world’s largest hot briquetted iron (HBI) facility in Gubkin, Russia.

Nucor Reports Record Quarter, Expects Another

21 October 2021 - Nucor Corp. has reported record earnings in each consecutive quarter in 2021, and the company announced today it expects the same for the fourth quarter and possibly into 2022, citing strong demand and higher average selling prices.

JSHL Commissions Precision Strip Mill in Expansion Plan

21 October 2021 - Jindal Stainless (Hisar) Ltd. (JSHL) yesterday commissioned a 26,000-metric-tons-per-year precision strip mill, bringing the capacity of its Specialty Products Division to 48,000 metric tons per year.

Tenaris to Reduce Emissions Through Energy Management Plan

21 October 2021 - The company announced it is implementing an energy investment plan that will increase efficiency across its facilities worldwide and help Tenaris lower its carbon emissions intensity.

Algoma Once Again Is a Publicly Traded Company

20 October 2021 - Algoma Steel and the entity created to buy the Canadian steel producer have finalized the sale, marking the start of a new chapter for Algoma.

SDI Reports Record Third Quarter

20 October 2021 - In an investors call earlier this week, Steel Dynamics Inc. (SDI) chairman and chief executive Mark Millett said the company saw third-quarter net sales of a record US$5.1 billion and net earnings of US$991 million.

Tenaris Brings Baytown Back On-Line

20 October 2021 - The company announced earlier this week it has restarted its plant in Baytown, Texas, USA, the latest in a series of restarts within the company.

Tokyo Steel Grants Final Acceptance of AMI EAF Optimization System

19 October 2021 - AMI Automation announced its SmartFurnace® received final acceptance from Tokyo Steel for its 420-metric-ton, 256-MVA DC electric arc furnace (EAF) at the company’s Tahara works.

Vale, Jiangsu Shagang to Develop Decarbonization Solutions

19 October 2021 - Brazilian mining corporation Vale has signed a Memorandum of Understanding with China’s Jiangsu Shagang Group Co. Ltd. in which both parties have agreed to develop solutions for reducing CO2 emissions in steelmaking.

BHP, POSCO Sign MoU to Explore Decarbonization

18 October 2021 - BHP and POSCO have entered into a Memorandum of Understanding (MoU) to explore technologies to reduce greenhouse gas emissions in steelmaking, according to a press release from BHP.

SDI to Acquire Minority Interest in New Process Steel

18 October 2021 - Steel Dynamics Inc. (SDI) announced in a press release that it has entered into an agreement to acquire a 45% minority interest in Houston, Texas, USA-based metals solutions provider New Process Steel L.P.

Tenaris Closes In on US$15 Million Sale of Nebraska Plant

18 October 2021 - Tenaris announced last week that its Geneva, Neb., USA, structural pipe plant will be sold to MKK USA Inc. for a price tag of US$15 million.

Severstal to Supply Steel for Hyperloop Transport System Prototype

15 October 2021 - The Russian steelmaker announced yesterday it has secured a contract with transport and technology company Hyperloop Transportation Technologies Inc. (HyperloopTT) to supply steel for the development of the first commercial prototype of a hyperloop transportation system.

LIBERTY Ostrava Modernizes Guard Rail Line

14 October 2021 - The company announced it has completed a CZK 15.5 million upgrade to the plant’s Arnold line in the Czech Republic, which produces beams used for guard rails.

ArcelorMittal Acquires Pipe and Coating Mill in UAE

14 October 2021 - According to reports, ArcelorMittal Projects, a unit of the ArcelorMittal Group, is set to acquire a pipe and coating mill as well as more than 1 million square feet of land in the Hamriyah Free Zone Authority, Sharjah, United Arab Emirates.

Bighorn Solar Project Dedicated at EVRAZ Rocky Mountain Steel

13 October 2021 - Together with global solar leader Lightsource bp and Xcel Energy, EVRAZ North America today unveiled its new 300-MW Bighorn Solar project, making it the world’s first steel mill to be powered predominantly by solar energy.

Tenaris, Sandvik Materials Technology Ink Five-Year OCTG Agreement

13 October 2021 - Tenaris announced yesterday it is extending its longtime partnership with Sandvik with a new five-year agreement for the supply of oil country tubular goods.