Steel News

Funding Round Yields US$186M for Startup Ironmaker

29 April 2025 - Green iron startup Electra has raised US$186 million in its Series B funding round, the company has announced.

Nucor Announces Human Resources and Talent Promotions

24 April 2025 - Nucor Corp. announced today the promotion of Thomas J. Batterbee to executive vice president of human resources and talent and Elizabeth Bledsoe to president of human resources and talent, effective 11 May 2025.

SMS group to Upgrade AM/NS Calvert Hot Strip Mill

23 April 2025 - SMS group announced today that it has been commissioned by AM/NS Calvert to upgrade the automation control system at its 7-stand hot strip mill in Calvert, Ala., USA.

GSCC Certified: Arkansas Steel Associates’ Science-Based Emissions Targets

23 April 2025 - The Global Steel Climate Council (GSCC) announced today the certification of Arkansas Steel Associates’ (ASA) corporate average steel emissions intensity (CASEI) base year emissions and science-based emissions target (SBET).

Clariant and Midrex Renew Green DRI Technology Collaboration

22 April 2025 - Sustainability-focused specialty chemical company Clariant announced it has renewed its collaboration with Midrex to increase focus on natural gas-based direct reduced iron (DRI) technology for green steel production.

Nucor Turns to Fives for Galvanizing Line

17 April 2025 - International engineering group Fives has been awarded a contract from Nucor Corp. for a continuous galvanizing line at California Steel Industries in Fontana, Calif., USA.

Curtis Steel Places Order With Red Bud Industries

10 April 2025 - Red Bud Industries announced it has received an order for a precision blanking line, low passline slitter and a packaging line from Houston-based service center Curtis Steel Co. LLC.

Z Modular Appoints New President

09 April 2025 - Zekelman Industries announced today that Nate Arnold will serve as the new president of Z Modular, its division focused on integrated real estate development.

Trump Calls for Second Look at U. S. Steel-Nippon Steel Merger

08 April 2025 - President Donald Trump has directed the Committee on Foreign Investment in the U.S. to re-examine national security implications of United States Steel Corporation’s merger with Nippon Steel, The Wall Street Journal reports.

Alabama Shipbuilder Christens Navy Ship Built With SSAB Americas Steel

03 April 2025 - Shipbuilder Austal USA has christened its first ship for the U.S. Navy using steel sourced from SSAB’s mill in Alabama.

Trump Reciprocal Tariffs Won’t Apply to Steel Already Subject to Section 232 Tariff

03 April 2025 - The far-reaching tariffs announced Wednesday by U.S. President Donald Trump won’t apply to imported steel and aluminum already subject to a 25% tariff, The Wall Street Journal reported.

Hyundai Motor Group Commits to US$21 Billion Investment for U.S. Growth

27 March 2025 - Hyundai Motor Group (the Group) has announced an investment of US$21 billion between 2025 to 2028, including building an electric arc furnace (EAF) steel mill in Louisiana, focusing on expanding manufacturing, advancing technologies and enhancing energy infrastructure in the U.S.

Trump to Roll Out 25% Imported Vehicle Tariff in April

27 March 2025 - U.S. President Donald Trump said he’ll impose 25% tariffs on vehicles imported into the U.S., with the new measure taking effect 3 April.

Cleveland-Cliffs Throttles Back Michigan Steel Plant

27 March 2025 - Cleveland-Cliffs Inc. will temporarily idle parts of its Dearborn, Mich., plant and lay off 600 workers this summer, reports The Detroit News.

Swanson Industries Names New CEO

21 March 2025 - West Virgina-based Swanson Industries has named David Brightbill as chief executive officer, the company has announced.

Cleveland-Cliffs to Temporarily Reduce Iron Range Workforce

21 March 2025 - Cleveland-Cliffs Inc. is laying off more than 600 workers at iron ore operations in Minnesota, according to reports. According to the Minneapolis (Minn.) Star Tribune, the action affects workers at the steelmakers at Hibbing Taconite Co. and at its Minorca mine.