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Industry
Latest News
U.S. Energy Department Announces Effort to Measure Carbon Intensity of Industrial Products
25 September 2024 - The U.S. Department of Energy (DOE) is initiating a pilot project that will attempt to measure the greenhouse gas (GHG) intensity of certain industrial products, it said on Wednesday.
In a First, Big River Earns Right to Market ResponsibleSteel Certified Steel
24 September 2024 - United States Steel Corporation’s Big River facility has qualified to sell steel under the ResponsibleSteel Certified Steel banner, the first in the world to do so, the company has announced.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
Primetals Technologies Inks Caster Maintenance Agreement With Outokumpu
24 September 2024 - Primetals Technologies and Outokumpu Stainless USA have signed a five-year, cost-per-ton maintenance agreement covering the steelmaker’s single-strand caster in in Calvert, Ala., USA.
SSAB Teams Up With Office Furniture Maker
24 September 2024 - Framery, a manufacturer of soundproof office pods, has struck up a strategic collaboration with SSAB to integrate fossil-free steel into its production.
Report: China’s Steel Industry Could See Wave of Consolidation
23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.
KOCKS Lands Order for Reducing & Sizing Block
23 September 2024 - Baoshan Iron & Steel Co. Ltd. has ordered a Friedrich KOCKS GmbH & Co. KG reducing and sizing block for a greenfield project.
Stelco Merger Receives OK from Provincial Court, Shareholders
19 September 2024 - A Canadian court and Stelco shareholders have approved a planned sale of the company to Cleveland-Cliffs Inc., according to company announcements.
Report: Decision on U. S. Steel Acquisition Likely to Come After Election
18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.
EAF Components Supplier Erie Copper Acquired
18 September 2024 - Combustion solutions provider American Combustion International (ACI) has acquired Ohio-based Erie Copper Works, a strategic deal that will expand the company’s product lineup.
Danieli Completes Billet Caster Upgrade
18 September 2024 - Danieli Service is wrapping up an upgrade of a 6-strand billet caster in Italy, the company reports.
SSAB Partners With PSI Group on Software Implementation
16 September 2024 - SSAB has selected PSI Group to develop a template software system that will drive its business processes, PSI Group has announced.
Steel Groups to Senate: Pass Leveling the Playing Field Act
11 September 2024 - The Steel Manufacturers Association, the American Iron and Steel Institute, the United Steelworkers union and other manufacturing groups are urging the U.S. Senate to pass a bill that would give the government additional tools to stop unfair trade practices by China.
U. S. Steel Brings New Corrosion-Resistant Product to Market
11 September 2024 - United States Steel Corporation has launched sales of corrosion-resistant, carbon flat-rolled steel that it calls ZMAG.
Hybar Adds Equity Investor
11 September 2024 - Infrastructure services provider Quanta Services has made a strategic equity investment in startup rebar manufacturer Hybar LLC.
U.K. Funding Allows Tata Steel EAF Project to Move Forward
11 September 2024 - Tata Steel has signed a GBP500 million funding agreement with the U.K. government, allowing it to move forward with a process conversion at its historic Port Talbot Works in Wales.
China Expands Carbon Trading Program to Include Steel
10 September 2024 - China’s steel, aluminum and cement producers will be added to the country’s national carbon trading market, the Bloomberg news service reports.
U.S. Flat-Rolled Producers Lodge Dumping Complaint Over Corrosion-Resistant Sheet
09 September 2024 - Several U.S. steel producers and the United Steelworkers union have filed dumping complaints with the Commerce Department over imports of corrosion-resistant steel from several countries.
SEC Fines Esmark, Bouchard Over U. S. Steel Offer
06 September 2024 - Esmark Inc. and its chairman will pay US$600,000 to settle Securities and Exchange Commission (SEC) charges that they made an offer to buy United States Steel Corporation despite having the financial wherewithal to complete such a deal.
Plastics Recycler Plans Facility to Make Coke Alternative
05 September 2024 - The U.S. Energy Department has conditionally agreed to guarantee a loan of up to US$182.6 million to Pennsylvania-based International Recycling Group (IRG), which is looking to build facilities that would produce a plastics-based coking coal alternative.
