Steel News

Report: Hyundai Eyes Louisiana for Steel Mill

07 January 2025 - Hyundai Motor Group is exploring the possibility of building a steel mill in Louisiana, reports The Korea Economic Daily.

Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal

07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.

U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger

06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.

ArcelorMittal South Africa Halts Long Steel Operations, Shifts Focus to Flat Steel Future

06 January 2025 - ArcelorMittal South Africa is winding down its long steel business, citing unsustainable operational challenges, weak market conditions, and rising costs, the steelmaker has announced.

Swedish Government OKs SSAB Mini-Mill

19 December 2024 - SSAB has received an environmental permit for its planned mini-mill in Luleå, allowing construction to begin, the company said Thursday.

Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal

18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.

Clean and Green: Electra and Interfer Sign Collaboration Agreement

17 December 2024 - Ironmaking startup Electra has signed an memorandum of understanding (MOU) with a German steel importer to collaborate on clean iron production for specialty steel.

Australian Consortium Chooses Western Australia Location for Electric Smelting Furnace

17 December 2024 - A consortium made up of Australia’s two largest iron ore miners and its largest steelmaker have selected a location for a proposed ironmaking electric smelting furnace pilot plant.

SDI Guides to Lower Q4 Earnings

17 December 2024 - Steel Dynamics Inc. (SDI) expects to see its fourth-quarter profits fall partly on account of lower average prices for its mills and an unplanned outage at its Butler, Ind., USA, facility.

SSAB Veteran to Head European Division

17 December 2024 - SSAB has promoted its European division’s head of business development to the helm of the unit.

Nucor Forecasts Q4 Earnings Decline

17 December 2024 - Nucor Corp. is cautioning that fourth-quarter earnings are expected to fall more than 80% over the same quarter last year.

ANDRITZ Contracted for Austrian Galv Line Improvement

12 December 2024 - voestalpine has selected ANDRITZ to modernize the electrical and automation systems of one of its hot-dip galvanizing lines.

SSAB Secures Domestic Scrap Source

12 December 2024 - SSAB has signed a strategic cooperation agreement with Swedish recycler Stena Metall, providing for deliveries of recycled scrap metal to SSAB’s new electric arc furnace in Oxelösund.

Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal

11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.

Rio Tinto Agrees to Supply DR-Grade Pellets to GravitHy

11 December 2024 - Iron ore miner Rio Tinto has struck an agreement to supply a French ironmaking startup with high-grade, direct reduction pellets and to manage sales and marketing of the hot-briquetted iron the startup will produce.

SSAB Receives Funding for Process Conversion

11 December 2024 - SSAB has been awarded SEK1.45 billion in public funding for decarbonization efforts at its Luleå plant.

Report: Nippon Steel Shares Details on U. S. Steel Investment Plans

09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.