Steel News

LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe

29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.

Danieli Lands Order for Bar Spooling Line

22 November 2022 - Italy’s Pittini Group has contracted Danieli for a spooled bar line to be installed at its Potenza bar mill.

Salzgitter, Auto Parts Maker Team Up on Green Steel Processing, Recycling

22 November 2022 - Salzgitter Flachstahl has signed a memorandum of understanding with German automotive supplier Mubea, laying out a framework in which the two companies will collaborate on green steel processing and closed-loop steel recycling.

Australian Long Products Maker Sets Sights on U.S. Wire Rod Assets

17 November 2022 - Australian long products manufacturer InfraBuild intends to acquire the U.S. wire rod arm of its parent company, GFG Alliance.

EAF Steel Producers Push for Process-Agnostic Emissions Limits

17 November 2022 - A group of electric arc furnace (EAF) steel producers have formed a coalition to push back against steel production emissions standards that they say could unfairly punish electric steelmakers while giving blast furnace operators a pass.

CMC Adds Scrap Capacity in Texas

16 November 2022 - Commercial Metals Company (CMC) has acquired a Galveston, Texas, USA, scrap recycler, bringing an additional 55,000 tons of ferrous and non-ferrous scrap under its roof.

Volvo’s First Electric and Fossil-Free Steel Trucks Now in Production

16 November 2022 - The first of Volvo’s heavy-duty electric trucks, some of which are being built with fossil-free steel, have rolled off the assembly line, the company reports.

Nucor, U. S. Steel Pick Up Orders for Green Steel

15 November 2022 - HVAC specialist Trane Technologies will purchase low-CO2 steels from Nucor Corp. and United States Steel Corporation, switching over approximately 20% of its annual steel purchase to the less CO2-intensive products.

Danieli Wraps Up Shear Rebuild

15 November 2022 - Danieli has completed a rebuild of the sidetrimming plate shear serving the Steel Authority of India (SAIL)’s BSP Bhilai plant.

LIBERTY Steel Reaches Agreement on Debt Restructuring

15 November 2022 - LIBERTY Steel Group tentatively has reached an agreement in principle to restructure its global debt, but is still trying to negotiate a plan for its European steel business, the company has said.

Gerdau Gives Final OK to Furnace Modernization Project

11 November 2022 - Gerdau has issued the final acceptance certificate on an electric arc furnace (EAF) modernization at its Monroe, Mich., USA, special steel plant, reports project contractor Primetals Technologies.

Lower Prices, Destocking Bite Into ArcelorMittal Q3 Profits

10 November 2022 - ArcelorMittal saw its third-quarter profits cut by more than 75% on reduced shipments and lower prices for those shipments.

Salzgitter Throttles Up New Galvanizing Line

10 November 2022 - German steelmaker Salzgitter has begun ramping up its new No. 3 hot-dip galvanizing line, a EUR200 million investment meant to help strengthen its position as a supplier of premium sheet to auto and appliance manufacturers.

Algoma Reports Progress on EAF Installation

09 November 2022 - Algoma Steel’s transformative electric arc furnace (EAF) installation remains on track, despite a number of operational setbacks elsewhere that dampened the company’s fiscal second-quarter results.

U. S. Steel, USW Reach Tentative Labor Agreement

08 November 2022 - The United Steelworkers (USW) union and United States Steel Corporation tentatively have agreed to a four-year labor contract that provides base wage increases and improvements to benefits, the company announced on Tuesday.

Great Lakes Industry Group Will Pursue DOE Hydrogen Hub Grant

07 November 2022 - An industry-led consortium that includes Linde and Cleveland-Cliffs Inc. is moving ahead with an application for federal funding to support development of a hydrogen hub in the Great Lakes region.

POSCO Plate Certified for Use in Wind Towers

07 November 2022 - Standards maker Det Norske Veritas (DNV) has certified a POSCO plate steel for use in wind turbines, a decision that POSCO says will help make turbines even more environmentally friendly.

Two U. S. Steel Plants Achieve ISO 45001 Certification

03 November 2022 - United States Steel Corporation’s Great Lakes Works in Michigan and its plant in Slovakia have received ISO 45001 certification more than a year ahead of its commitment to achieve the latest global occupational health and safety accreditation.

Steel Dynamics Triples Down on Mississippi

03 November 2022 - Steel Dynamics Inc. (SDI) will significantly expand its presence in Columbus, Miss., USA, announcing Wednesday that it will build an aluminum rolling mill and a joint-venture biocarbon plant there.

ArcelorMittal Makes Multi-Million Move Into Nuclear Energy

03 November 2022 - ArcelorMittal is investing US$25 million in a company that is building a new type of nuclear of reactor in Wyoming, the company said Thursday.