Steel News

Nucor Signs Five-Year Pellet Agreement

14 March 2024 - Nucor Corp. has reupped a commercial agreement with Brazilian iron ore miner Samarco, signing a five-year supply agreement for iron ore direct reduction pellets.

ArcelorMittal Buys Equity Position in Vallourec

13 March 2024 - ArcelorMittal has acquired a 28.4% equity stake in French tubemaker Vallourec, the steelmaker has announced.

Report: South Korea Steelmaker Exploring Possibility of U.S. EAFs

12 March 2024 - Hyundai Steel is weighing the feasibility of building electric arc furnaces (EAFs) in the U.S. as a way to avoid tariffs, carbon emissions limits and competition from Chinese produces, reports The Korea Economic Daily.

Danieli Bags Order for Galvanizing Line

12 March 2024 - Danieli has received an order for a 700,000-metric-ton galvanizing line from Tata Steel, the company reports.

Great Lakes' Soo Locks Open Next Week

11 March 2024 - It’s an unmistakable sign of spring – iron ore shipping resumes on the Great Lakes. And this year, the season is beginning early. According the (Minneapolis, Minn.) Star-Tribune, the Soo Locks, a gateway between Lake Superior and the lower Great Lakes, will open on 22 March, three days ahead of schedule.

New Slitting Line to Enhance thyssenkrupp Electrical Steel Production

07 March 2024 - thyssenkrupp Steel has commissioned a new slitting line in Motta Visconti, Italy, replacing an older line and boosting production of high-efficiency electrical steel for the automotive industry, the company has said.

JSW Steel Plans EUR143 Million Investment in Italian Rail Mill

07 March 2024 - JSW Steel has signed a memorandum of understanding (MOU) with Italy to restart a steel facility in Piombino, the company has announced.

Refractories Producer to Open Tennessee Plant

06 March 2024 - German refractories manufacturer INTOCAST has broken ground on a US$20 million plant in Huntingdon, Tenn., planting its flag in the U.S. market.

Ternium Revises Budget for Mexican Sheet Mill Expansion

22 February 2024 - Inflationary equipment pricing and fluctuations in the exchange rate have forced upward revisions to cost estimates on Ternium’s expansion in Mexico.

Wheeling-Nippon Celebrates Production Milestone

22 February 2024 - West Virginia coil processor Wheeling-Nippon Steel recently celebrated a production milestone, coating its 20 millionth ton.

Nucor Board Greenlights Funding for New Micro-Mill

21 February 2024 - Nucor Corp.’s board of directors has agreed to allocate US$860 million for construction of a rebar micro-mill, the steelmaker said Wednesday.

Salzgitter Divests Mannesmann Stainless Tubes Business

20 February 2024 - Italy's Cogne Acciai Speciali has acquired the Mannesmann Stainless Tubes Group from Salzgitter Ag for EUR135 million, Salzgitter said on Tuesday.

Hyundai Steel Opts for Fives Cooling System Solution

20 February 2024 - Hyundai Steel has contracted Fives to retrofit a continuous annealing and galvanizing line with a new cooling system, enabling it to produce third-generation, advanced high-strength steels.

Italy Moves to Repossess Its Largest Steelworks

20 February 2024 - The Italian government is placing the operator of the country's largest steelworks into extraordinary administration, removing control from majority owner ArcelorMittal.

BlueScope Mulls Midwest Coil Processing Facility

19 February 2024 - BlueScope Steel Ltd. is studying whether to expand its North American value-add capabilities, weighing a potential 550,000-ton cold rolling and coil coating project in the Midwest.

Slovakian Producer Completes Billet Caster Overhaul

19 February 2024 - Slovakia’s Železiarne Podbrezová mill recently restarted a billet caster after a planned outage that lasted less than four weeks, completing the replacement of an existing carbon steel cooling chamber with a new stainless steel one.

Citing ITC Decision, Cleveland-Cliffs to Idle Weirton Tin Mill

15 February 2024 - Cleveland-Cliffs Inc. is indefinitely idling its Weirton, W.Va., USA, tin mill, laying the blame with the U.S. International Trade Commission (ITC) for its refusal to impose duties on imported tinplate.

BlueScope Steel Partners With Iron Ore Producers on Potential Electric Smelting Furnace

15 February 2024 - Australia’s BlueScope Steel Ltd. and the country’s two biggest iron ore miners are collaborating on an effort to develop a pilot-scale electric smelting furnace.

Gerdau Signs Danieli for Brazilian BF Upgrade

15 February 2024 - Gerdau’s Ouro Branco mill has contracted Danieli Corus to modernize its No. 1 blast furnace, a project intended to extend the life of the unit for at least another 15 years.

JSW, JFE Cement Grain-Oriented Electrical Steel Joint Venture

14 February 2024 - India’s JSW Steel and Japan’s JFE Steel have broken ground on a joint-venture electrical steel plant in India, the equivalent of a US$670 million investment that will bring about India’s first end-to-end manufacturer of grain-oriented electrical steel.