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

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Latest News

Healthy Demand Pushes Up CMC’s Q1 Profits 

09 January 2023 - Long products maker Commercial Metals Company (CMC) saw its fiscal first quarter profits rise 12% due in part to strength in North American demand, the company said on Monday. 

SMS group Keeps the Big Wheel Turning at German Mill 

09 January 2023 - SMS group recently wrapped up replacement of a 90-ton wheel set at a European rolling plant, turning around a project that could have taken more than a year in five months, the company reports. 

H2 Green Steel Partners With Industrial Solutions Firm 

09 January 2023 - Steelmaking startup H2 Green Steel has signed a letter of intent to collaborate with Swedish industrial solutions provider Mobilaris, the company said on Monday. 

Nucor Plate Mill Reaches Start-Up Milestone: Its First Plate

03 January 2023 - Nucor Corp.’s new US$1.7 billion plate mill has rolled its first plate and is undergoing final commissioning, the company announced Tuesday morning. 

Proposed Finnish Steel Mill Finds a Home 

03 January 2023 - Norwegian steel startup Blastr Green Steel has signed a letter of intent with Finnish state-owned energy company Fortum oyj for an industrial site in the western part of the country. 

Outokumpu Finalizes Sale of Long Products Unit  

03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.

Nucor Announces New Continuous Galvanizing Line for California Steel Industries

20 December 2022 - The 400,000-tons-per-year line to be constructed in Fontana, Calif., USA, will bring California Steel Industries’ (CSI) total hot-dip capacity to 1.2 million tons per year.

Danieli Tapped for Tata Steel SBQ Project

19 December 2022 - Tata Steel Group has selected Danieli to provide a 500,000-tons-per-year special bar quality (SBQ) bar and wire rod mill in Jamshedpur, India, the equipment supplier announced last week.

Steel Dynamics Expects Q4 Earnings to Decline

16 December 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations. 

Nucor Expects Q4 Earnings to Slide, Announces Expansion of Steel Towers Business

16 December 2022 - Nucor Corp. expects its fourth-quarter earnings to fall roughly 45% due in part to lower volumes and lower average selling prices, the company said on Thursday. 

LIBERTY Steel USA Refinances Debt

16 December 2022 - LIBERTY Steel USA has refinanced a term loan and raised an existing asset-based lending facility to US$150 million, moves that will provide the wire rod producer with additional liquidity, the company has announced. 

British Steel Turns to Danieli for Wire Rod Mill Improvement 

16 December 2022 - British Steel has ordered intelligent guides from Danieli Morgårdshammar Guide Systems for its 4-strand wire rod mill in Scunthorpe, England, the equipment manufacturer reports. 

Nucor Names New Executive Vice President 

15 December 2022 - Nucor Corp. vice president and AIST member Noah Hanners is being promoted to executive vice president, the company said on Tuesday. 

U. S. Steel Starts Pig Iron Caster 

14 December 2022 - United States Steel Corporation’s US$60 million pig iron caster has produced its first batch and is beginning to ramp up, reports The Times newspaper of northwest Indiana.

Cleveland-Cliffs Introduces Electrical Steel for High-Frequency Motors 

13 December 2022 - Cleveland-Cliffs Inc. is bringing to market a branded line of non-oriented electrical steels designed for high-frequency motors and generators, the company has announced. 

Ternium Orders Push Pickling Line for Mexican Mill  

13 December 2022 - ANDRITZ has received an order for a high-end push pickling line (PPL) that will process advanced high-strength steel grades, the company has said. 

Harsco JV to Provide Scrap, Slag Services at Turkish Mill 

13 December 2022 - Turkish steel sheet and pipe maker Tosyali Holding has contracted joint venture Tosyali Harsco to provide certain services at its new greenfield steel plant in Sariseki. 

WTO Rejects Section 232 Steel and Aluminum Tariffs

09 December 2022 - The World Trade Organization (WTO) has ruled that the U.S. Section 232 steel and aluminum tariffs are improper under international trade rules and should be revisited, a conclusion that was quickly dismissed by the Biden administration. 

BlueScope Names New North American CEO 

09 December 2022 - BlueScope Steel has tapped its chief human resources officer to lead its North American operations and is making other changes to its executive leadership team, the company has announced. 

CMC Selects West Virginia for New Micro-Mill

08 December 2022 - Commercial Metals Co. will build its fourth micro-mill in Berkeley County, W.Va., USA, the long products maker said on Thursday. 

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