Steel News

Cleveland-Cliffs’ Next Big Moves: Scrap, Electrical Steel

26 August 2021 - Cleveland-Cliffs Inc. is preparing to enter the steel scrap business and plans to modernize its electrical steel plant in Pennsylvania, chairman and chief executive Lourenco Goncalves said on Monday.

Cleveland-Cliffs Sees Success With COVID-19 Vaccination Incentive Program

25 August 2021 - The largest flat-rolled steelmaker in North America has seen its employee COVID-19 vaccination rate more than double in less than two months thanks to a new incentive program.

Nippon Steel Unveils New High-Corrosion-Resistant Coated Steel

25 August 2021 - The new product is slated to hit the market in October, and boasts double the resistance in flat areas than conventional high-corrosion-resistant steels, Nippon Steel announced on Tuesday.

Algoma Closes in on EAF Investment Decision

24 August 2021 - Integrated steelmaker Algoma Inc. is nearing a final investment decision on its proposed transition to electric steelmaking, the company’s chief executive has said.

thyssenkrupp Contracts SMS group for Annealing Line Build

24 August 2021 - SMS group has landed an order for a 200,000-metric-ton, electrical-strip annealing and insulating line from thyssenkrupp Steel Europe, the equipment manufacturer announced on Monday.

Nucor Brings Steel Racking Maker Into the Fold

24 August 2021 - Nucor Corp. has finalized its US$370 million acquisition of steel racking maker Hannibal Industries, the steelmaker announced on Monday.

JSW Steel Targets a Reduction in CO2 Emissions

24 August 2021 - Indian steel producer JSW Steel is set on reducing its emissions to 1.95 metric tons CO2 per metric ton by 2030, which correlates to a 23% decrease compared to 2020 levels, reports the Business Standard.

New Chinese Merger Creates Third-Largest Steelmaker in the World

23 August 2021 - China’s Anshan Iron & Steel has officially acquired Benxi Iron & Steel, creating the third-largest steelmaker in the world and the second-largest in China, reports S&P Global Platts.

Ternium, Vale to Partner on Decarbonization Solutions

23 August 2021 - The companies have signed a memorandum of understanding for the development of solutions to reduce CO2 emissions, Ternium announced in a press release.

Tata Steel Commissions New Steel Recycling Plant

20 August 2021 - The Indian steel producer has commissioned a new 0.5-million-metric-tons-per-year steel recycling plant at Rohtak, Haryana.

Merit Steel USA Acquired by Majestic Steel USA

20 August 2021 - Majestic Steel USA Inc. announced the acquisition of the West Coast-based Merit Steel USA.

Nearing First Heats on New EAF, North Star Eyes HSM Improvements

19 August 2021 - U.S.-based North Star BlueScope Steel said it is laying plans for a potential AU$100 million (approximately US$71.6 million) project to lift its hot strip mill capacity.

Primetals Technologies Receives Final Acceptance for AOD Converter in Germany

19 August 2021 - According to the equipment supplier, German steel producer BGH Edelstahlwerke GmbH has granted Primetals Technologies final acceptance certification for a new argon oxygen decarburization (AOD) converter in Freital, Saxony.

SSAB Celebrates First Shipment of 100% Fossil-Free Steel

19 August 2021 - Swedish Steelmaker SSAB has delivered its first shipment of fossil-free steel to a customer, the company announced Wednesday.

ATI Sells Off Flowform Products Business

18 August 2021 - Allegheny Technologies Inc. (ATI) announced this week the sale of its Flowform Products business unit to Consolidated Boring Inc. for US$55 million in cash.

Tata Steel Expresses Interest in Purchasing RINL

18 August 2021 - According to its chief executive, Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Ltd. (RINL).

BlueScope Steel Sets Carbon Net-Zero Goal

18 August 2021 - Australia’s BlueScope Steel will allocate AU$150 million to near-term environmental goals and will work toward achieving net-zero carbon emissions by 2050, the company has said.

Schnitzer Steel Acquires Eight Scrap Yards, Restarts Cascade Steel Meltshop

18 August 2021 - Oregon-based Cascade Steel Rolling Mills is restarting production following a May 2021 meltshop fire as its corporate parent looks to close an acquisition of a southeastern U.S. scrap recycler.

Danieli Nabs Order for Greenfield Wire Rod Mill

17 August 2021 - Russia’s Novorossiysk Rolling Plant LLC will build a 600,000-metric-ton wire rod mill using Danieli technology, the equipment supplier reports.

Cleveland-Cliffs Prepares to Launch US$100 Million Investment at Indiana Harbor

17 August 2021 - Cleveland-Cliffs is investing US$100 million in the No. 7 Blast Furnace at Indiana Harbor East in East Chicago, Ind., USA, according to The Times newspaper of northwest Indiana.