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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

Reports: U. S. Steel Puts Granite City BF on Indefinite Idle

29 November 2023 - United States Steel Corporation is indefinitely idling the primary end of its Granite City Works in Illinois, impacting approximately 1,000 workers, according to news reports. 

SSAB Celebrates Start of Work on EAF 

29 November 2023 - SSAB has broken ground on a SEK6.2 billion (approximately US$600 million) project to install an electric arc furnace and ancillary equipment at its Oxelösund plant in Sweden. 

POSCO Plans to Go All in on H2 Ironmaking 

27 November 2023 - South Korean steel giant POSCO plans to shift entirely to hydrogen-reduced iron production by 2050, reports BusinessKorea. 

Danieli to Upgrade Austrian Slab Caster 

27 November 2023 - voestalpine has contracted Danieli to upgrade a vertical slab caster at its Linz plant in Austria. 

thyssenkrupp Sees Machine Vision System Aiding Defect Detection 

27 November 2023 - thyssenkrupp is implementing a Primetals Technologies-made computer vision solution for detecting strip cross cracks at a German hot strip mill. 

Nucor Announces US$280M Plate Mill Improvement 

20 November 2023 - Nucor Corp.’s board of directors have greenlighted a US$280 million modernization of its Tuscaloosa, Ala., plate mill, the company announced Friday. 

BlueScope Steel Selects Danieli Technology for Decarbonization Project

20 November 2023 - BlueScope Steel’s New Zealand Steel has ordered a Danieli Digimelter furnace as part of its plans to reduce its CO2 emissions. 

Schneider Electric Opts for ArcelorMittal’s Renewably Produced XCarb Steel

20 November 2023 - French multinational Schneider Electric will buy ArcelorMittal’s XCarb recycled and renewably produced steel for its electrical cabinets and enclosures, the company has announced.

Deacero Orders Five Scrap Shredders 

15 November 2023 - Mexican long products producer Deacero has placed an order with Danieli Centro Recycling for five shredding plants to process light domestic scrap and car bodies, according to the equipment supplier. 

German Mill Gives Preliminary Acceptance of Mill Upgrade  

15 November 2023 - Germany’s BGH Edelstahlwerke has signed the preliminary acceptance certificate on an upgrade to a roughing mill, according to project contractor Primetals Technologies. 

POSCO, Nippon Steel Acquire Stake in Canadian Met Coal Miner  

14 November 2023 - Canadian miner Teck Resources Ltd. has agreed to sell its metallurgical coal business to a group led by Glencore plc through a deal valuing the business at around US$9 billion. 

SSAB, Scania Sign LOI on Low-CO2 Steel 

14 November 2023 - SSAB has signed letter of intent with a major customer to decarbonize steel deliveries in 2030, the company has announced.

Outokumpu Takes Position in Biocarbon Producer

13 November 2023 - Stainless steel producer Outokumpu has acquired a 20% stake in a biocarbon producer, a move that locks up a supply of the material. 

Nucor Announces 2050 Net-Zero Goal 

13 November 2023 - Nucor Corp. has set a goal to achieve net-zero emissions target for 2050 under the Global Steel Climate Council’s Steel Climate Standard. 

JSW Steel USA Rail Project Secures US$500K Grant 

13 November 2023 - JSW Steel USA has been awarded a US$500,000 grant that will help cover costs of two rail projects at its Mingo Junction, Ohio, facility. 

Danieli Contracted for Wire Rod Mill Build

09 November 2023 - Danieli has won an order for a new wire rod line that will serve an Italian long products mill.

PT Krakatau Steel Contracts SMS group for HSM Overhaul

09 November 2023 - Indonesian steel producer PT Krakatau Steel has signed SMS group to modernize the No. 1 hot strip mill in Cilegon, Banten.

Outokumpu to Reorganize German Operation  

08 November 2023 - Stainless producer Outokumpu is restructuring its Germany operation, impacting approximately 200 jobs. 

British Steel Announces EAF Conversion 

07 November 2023 - British Steel has unveiled a GBP1.25 billion plan to decarbonize its steelmaking process by converting to electric arc furnace (EAF) steelmaking.

SSAB Calls Off Development of Hydrogen Reduction Plant 

03 November 2023 - SSAB and Finnish energy company Fortum are dropping plans for a hydrogen-reduced sponge iron plant in Raahe, Finland, the steelmaker has said.