Steel News

JSW Steel Lines Up Financing for U.S. Plate Mill Modernization

27 October 2022 - JSW Steel has secured US$182 million in financing for the modernization of its Baytown, Texas, plate mill, the company reports.

Nucor Taps Fives for Tube Line Improvement

26 October 2022 - Nucor Corp.’s tubular products group has contracted industrial engineer Fives for a new tube packaging system and cut-off at its Marseilles, Ill., USA, plant.

H2 Green Steel Finds Debt Financing for Mill Project

26 October 2022 - Swedish steelmaking startup H2 Green Steel has tentatively arranged EUR3.5 billion in debt financing to support construction of its planned mill, the company reports.

Ford in Europe Signs for Low-CO2 Steel

25 October 2022 - Ford Motor Co.’s European operation has signed memorandums of understanding (MOUs) with three steelmakers to buy low-CO2 steel for its vehicles, the automaker said Tuesday.

Primetals Technologies Signs On for Maintenance Service Contract With JSW Dolvi

21 October 2022 - The contract covers comprehensive maintenance services, including spare parts, for the new continuous slab casters at JSW Dolvi in Maharashtra, India, the equipment supplier announced yesterday.

British Steel Expands Structural Section Offerings

21 October 2022 - The company has added 71 beams and columns to its Advance® structural sections product line, which are geared toward the construction sector.

Nucor Foresees Record-Breaking Earnings for 2022

20 October 2022 - The steelmaker said despite challenging market conditions amid economic uncertainty, it expects 2022 to be the most profitable year in the company’s history.

Steel Dynamics Reports Record Shipments in Third Quarter

20 October 2022 - In its third-quarter earnings results, Steel Dynamics Inc. yesterday said it achieved record quarterly steel shipments of 3.2 million tons.

JSPL Signs MoU for 1,000 MW of Carbon-Free Energy

20 October 2022 - In line with its goal to become a net-zero steelmaker by 2035, India’s Jindal Steel & Power Ltd. (JSPL) has signed a memorandum of understanding with energy transition and decarbonization solutions firm Greenko Group to facilitate 1,000 MW of carbon-free energy for its steelmaking operations at Angul, Odisha.

H2 Green Steel Raises Additional EUR70 Million in Series B Funding

19 October 2022 - Steelmaking startup H2 Green Steel has reached the final close on a EUR260 million round of Series B equity funding, the company has announced.

LIBERTY Steel Trials Coal Substitute

19 October 2022 - LIBERTY Steel UK has wrapped up a successful trial of a coal substitute in its electric steelmaking operation in Rotherham, England.

SMS group Gets the Nod for Green Steel Mill Project

17 October 2022 - Steelmaking start-up H2 Green Steel has selected SMS group to provide the main process equipment for its planned mill in Sweden.

Salzgitter Reports Success With Hydrogen Electrolyzer Trial Run

17 October 2022 - Salzgitter is wrapping up what it calls a successful trial with high-temperature electrolysis for hydrogen production and steel production.

Potential Green Steel Mill Brings Cargill Together with Start-Up Producer

17 October 2022 - Cargill’s iron ore and steel trading business is teaming up with a Nordic start-up aiming to build a green fossil-fuel-free steel mill in the next few years.

ArcelorMittal Celebrates Start of Dofasco Decarbonization Project

13 October 2022 - ArcelorMittal Dofasco on Thursday broke ground on its CA$1.8 billion process conversion project that will transition it to a direct reduction–electric arc furnace route.

thyssenkrupp Cuts the Ribbon on New Hot-Dip Line

13 October 2022 - thyssenkrupp has inaugurated a EUR250 million hot-dip galvanizing line that will make the company’s Dortmund, Germany, facility a manufacturing center for premium galvanized flat steels.

United Steelworkers Members Accept Labor Agreement at Cleveland-Cliffs

12 October 2022 - Members of the United Steelworkers union have ratified a new four-year agreement with Cleveland-Cliffs Inc., the company said on Wednesday.

H2 Green Steel Partners With Midrex on Direct Reduction Plant

11 October 2022 - H2 Green Steel, a Swedish startup that is planning to build a hydrogen-based steel mill, is partnering with direct reduction specialist Midrex, the company has announced.

voestalpine Ups R&D Investment

10 October 2022 - voestalpine has set a research and development budget of EUR196 million for this fiscal year, a record for the company as it seeks to digitalize production and adopt climate-neutral steelmaking processes.

Regulators Approve Expansion of Indian Mill

07 October 2022 - AM/NS India has received environmental clearance to expand its flagship plant in Hazira, Gujarat, the company reports.