Steel News

Nucor Brings Steel Racking Maker Into the Fold

24 August 2021 - Nucor Corp. has finalized its US$370 million acquisition of steel racking maker Hannibal Industries, the steelmaker announced on Monday.

JSW Steel Targets a Reduction in CO2 Emissions

24 August 2021 - Indian steel producer JSW Steel is set on reducing its emissions to 1.95 metric tons CO2 per metric ton by 2030, which correlates to a 23% decrease compared to 2020 levels, reports the Business Standard.

New Chinese Merger Creates Third-Largest Steelmaker in the World

23 August 2021 - China’s Anshan Iron & Steel has officially acquired Benxi Iron & Steel, creating the third-largest steelmaker in the world and the second-largest in China, reports S&P Global Platts.

Ternium, Vale to Partner on Decarbonization Solutions

23 August 2021 - The companies have signed a memorandum of understanding for the development of solutions to reduce CO2 emissions, Ternium announced in a press release.

Tata Steel Commissions New Steel Recycling Plant

20 August 2021 - The Indian steel producer has commissioned a new 0.5-million-metric-tons-per-year steel recycling plant at Rohtak, Haryana.

Merit Steel USA Acquired by Majestic Steel USA

20 August 2021 - Majestic Steel USA Inc. announced the acquisition of the West Coast-based Merit Steel USA.

Nearing First Heats on New EAF, North Star Eyes HSM Improvements

19 August 2021 - U.S.-based North Star BlueScope Steel said it is laying plans for a potential AU$100 million (approximately US$71.6 million) project to lift its hot strip mill capacity.

Primetals Technologies Receives Final Acceptance for AOD Converter in Germany

19 August 2021 - According to the equipment supplier, German steel producer BGH Edelstahlwerke GmbH has granted Primetals Technologies final acceptance certification for a new argon oxygen decarburization (AOD) converter in Freital, Saxony.

SSAB Celebrates First Shipment of 100% Fossil-Free Steel

19 August 2021 - Swedish Steelmaker SSAB has delivered its first shipment of fossil-free steel to a customer, the company announced Wednesday.

ATI Sells Off Flowform Products Business

18 August 2021 - Allegheny Technologies Inc. (ATI) announced this week the sale of its Flowform Products business unit to Consolidated Boring Inc. for US$55 million in cash.

Tata Steel Expresses Interest in Purchasing RINL

18 August 2021 - According to its chief executive, Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Ltd. (RINL).

BlueScope Steel Sets Carbon Net-Zero Goal

18 August 2021 - Australia’s BlueScope Steel will allocate AU$150 million to near-term environmental goals and will work toward achieving net-zero carbon emissions by 2050, the company has said.

Schnitzer Steel Acquires Eight Scrap Yards, Restarts Cascade Steel Meltshop

18 August 2021 - Oregon-based Cascade Steel Rolling Mills is restarting production following a May 2021 meltshop fire as its corporate parent looks to close an acquisition of a southeastern U.S. scrap recycler.

Danieli Nabs Order for Greenfield Wire Rod Mill

17 August 2021 - Russia’s Novorossiysk Rolling Plant LLC will build a 600,000-metric-ton wire rod mill using Danieli technology, the equipment supplier reports.

Cleveland-Cliffs Prepares to Launch US$100 Million Investment at Indiana Harbor

17 August 2021 - Cleveland-Cliffs is investing US$100 million in the No. 7 Blast Furnace at Indiana Harbor East in East Chicago, Ind., USA, according to The Times newspaper of northwest Indiana.

thyssenkrupp Delays Steel Division Spinoff Until 2022

12 August 2021 - Buoyed by higher steel prices and rising demand, the German conglomerate will defer its planned spinoff of its Steel Europe division until next spring, according to Industry Europe magazine.

SAIL Targets Expansion in 2023–2024

11 August 2021 - Steel Authority of India Ltd. (SAIL)’s public sector unit is currently on the verge of completing a modernization and expansion program that will bring its capacity up to 21.4 million metric tons per year.

Nucor Completes Purchase of Insulated Metal Panels Business

11 August 2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.

Nippon Steel Develops Antiviral Steel

09 August 2021 - Nippon Steel Corp. has announced the development of a process to make visible-light-responsive photocatalytic steel that provides an antiviral effect by utilizing titanium oxide.

Gerdau to Invest BRL 6 Billion in Minas Gerais Operations

09 August 2021 - The investment will increase the Brazilian steelmaker’s hot-rolled coil capacity and double its structural profile capability, the company announced on Friday.