Steel News

USW Cannot Block Sale of Company, Says U. S. Steel

18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.

Senator’s Message to U. S. Steel: Reject Any Bids From Foreign Entity

17 August 2023 - Ohio Republican Sen. JD Vance has penned a letter to United States Steel Corporation, calling on the company to reject buyout offers from foreign entities, FOX Business reports.

Multiple Offers on Table for U. S. Steel

17 August 2023 - The steelmaker has received two multibillion-dollar offers this week, from Cleveland-Cliffs and Esmark, and sources say ArcelorMittal may be weighing a bid.

Meranti Taps Danieli for Green Steel Plant in Thailand

15 August 2023 - Singapore’s Meranti Green Steel has contracted Danieli for a direct reduced iron (DRI)-based green steel plant in Thailand, Danieli announced yesterday.

Esmark Puts in US$7.8 Billion Offer for U. S. Steel

14 August 2023 - Value-added flat-rolled steel producer Esmark Steel Group has put forth an offer to buy United States Steel Corporation (U. S. Steel) for a price of US$35 per share, according to reports this afternoon.

BlueScope Announces AU$415 Million Investment in Metal Coating Capacity

14 August 2023 - Australia’s BlueScope has received board approval for an AU$415 million (US$268 million) expansion of metal coating capacity at its Erskine Park, NSW, facility.

NMDC Commissions Blast Furnace at Nagarnar Steel Plant

14 August 2023 - The National Mineral Development Corp. (NMDC) marked the commissioning of its Maa Danteshwari Blast Furnace at its greenfield Nagarnar Steel Plant in Bastar, Chhattisgarh, India, on Saturday, according to The Times of India.

Grupo Simec Idles Republic Steel Operations in Ohio, New York

14 August 2023 - According to reports, Republic Steel announced it will “indefinitely idle” steelmaking operations in Canton, Ohio, and Lackawanna, N.Y., USA.

U. S. Steel Turns Down US$7.3 Billion Acquisition Bid From Cleveland-Cliffs

14 August 2023 - On Sunday, Cleveland-Cliffs Inc. revealed its proposal to buy out rival United States Steel Corporation (U. S. Steel) for US$7.3 billion, an offer that U. S. Steel has turned down, according to reports.

Danieli Implements New Hot Billet Charging System at Acciaierie di Sicilia

10 August 2023 - Danieli announced today its Danieli Centro Combustion unit upgraded the reheating furnace at Acciaierie di Sicilia (Alfa Acciai Group) in Catania, Italy.

H2 Green Steel Shores Up Supply of DR Pellets

10 August 2023 - In two separate deals, Sweden’s H2 Green Steel is securing its supply of direct reduction iron ore pellets from Rio Tinto’s Iron Ore Company of Canada and Vale.

Jindal Steel and Power Partners With SeaVar on Carbon Capture Technology

09 August 2023 - Jindal Steel and Power is set to pilot the Southern California-based tech firm’s cost-effective, non-toxic carbon capture technology and prove its viability, Business Wire India reports.

Danieli to Provide High-Speed Bar and Wire Rod Mills for Rungta Mines

09 August 2023 - The company announced today it has been tapped to supply two new, high-speed bar and wire rod mills for Rungta Mines’ sites in the Dhenkanal and Kamanda industrial areas, Odisha, India.

SAIL, SMS group to Explore Decarbonization Solutions

09 August 2023 - India’s state-controlled steel producer Steel Authority of India Ltd. (SAIL) has signed an initial deal with Germany’s SMS group as a step toward reducing carbon emissions across its five integrated plants.

Nucor Signs Power Purchase Agreement With Kentucky Solar Project

08 August 2023 - Nucor Corp. on Monday announced a power purchase agreement with NextEra Energy Resources to secure 250 MW of renewable solar energy for its Kentucky steelmaking operations.

Primetals Technologies to Supply MULPIC System for Liberty Steel Galati

08 August 2023 - The equipment supplier announced today it has received an order from Liberty Galati for a new Multi-Purpose Interrupted Cooling (MULPIC) system and water treatment plant for the company’s heavy plate mill in Romania.

With US$700 Million in Hand, Hybar Breaks Ground on Arkansas Mill

03 August 2023 - Hybar LLC, the Dave Stickler-led rebar startup, has raised US$700 million in debt and equity financing and has broken ground for its planned rebar mill in Osceola, Ark., USA.

JSW Steel Establishes Electrical Steel JV

03 August 2023 - India’s JSW Steel and Japan’s JFE Steel are creating a 50-50 joint venture to produce cold-rolled grain-oriented electric steel, the companies said in a regulatory filing.

Global Steel Climate Council Puts Final Touches on Green Steel Standard

03 August 2023 - The Nucor Corp.-led Global Steel Climate Council has published the final version of its green steel standard.

Outokumpu Considers U.S. Expansion

03 August 2023 - Stainless steel producer Outokumpu is weighing whether to build a hot rolling mill in the U.S. as it explores options for expanding operations here.