Steel News

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.

thyssenkrupp Delays Steel Division Spinoff Until 2022

12 August 2021 - Buoyed by higher steel prices and rising demand, the German conglomerate will defer its planned spinoff of its Steel Europe division until next spring, according to Industry Europe magazine.

SAIL Targets Expansion in 2023–2024

11 August 2021 - Steel Authority of India Ltd. (SAIL)’s public sector unit is currently on the verge of completing a modernization and expansion program that will bring its capacity up to 21.4 million metric tons per year.

Nucor Completes Purchase of Insulated Metal Panels Business

11 August 2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.

Nippon Steel Develops Antiviral Steel

09 August 2021 - Nippon Steel Corp. has announced the development of a process to make visible-light-responsive photocatalytic steel that provides an antiviral effect by utilizing titanium oxide.

Gerdau to Invest BRL 6 Billion in Minas Gerais Operations

09 August 2021 - The investment will increase the Brazilian steelmaker’s hot-rolled coil capacity and double its structural profile capability, the company announced on Friday.

Harsco Extends Contract With ASA

09 August 2021 - Harsco Environmental, a division of Harsco Corporation, has resigned their contract with Arkansas Steel Associates LLC (ASA) for another seven years.

Cleveland-Cliffs Inks 3-Year Labor Contract at Dearborn Works

09 August 2021 - The United Auto Workers (UAW) Local 600 has ratified a new labor contract with Cleveland-Cliffs Inc., the steelmaker announced Thursday.

SHS Group Acquires LIBERTY Steel’s French Operations

09 August 2021 - The parent company of Saarstahl and Dillinger have officially added two of LIBERTY Steel’s mills in France to its holdings, the company has announced.

Gerdau Boasts Best Quarterly Earnings Ever, Announces Brazilian Solar JV

04 August 2021 - Gerdau posted its highest-ever earnings in the second quarter of 2021, the company has announced.

thyssenkrupp Divests Mining Business

03 August 2021 - thyssenkrupp has sold off its mining arm in line with its ongoing restructuring efforts, the company announced last Friday.

SDI Has Heart Set on US$231 Million Expansion to Indiana Facility

03 August 2021 - Steel Dynamics Inc. (SDI) is seeking to pump US$231 million into improvements to its Heartland operations in Terre Haute, Ind., USA, reports the Tribune-Star newspaper.

U. S. Steel Reports a Stronger Q2 Than Last Year

03 August 2021 - United States Steel Corporation reported adjusted net earnings of US$964 million for the second quarter.

AM Dofasco Plans Process Route Shift

30 July 2021 - ArcelorMittal and the Canadian government have announced a CA$1.765 billion process route transition at the steelmaker’s Dofasco plant.

Cleveland-Cliffs Completes Major Share Buyback; Announces Indiana Harbor BF Maintenance Outage

29 July 2021 - Cleveland-Cliffs Inc. has spent US$1.2 billion to buy back all of the shares in a special class of stock held by ArcelorMittal.