Steel company news headlines.

Sarralle supplies metal recovery plant to Acerinox
Tue, 30 May 2023 00:00:00 GMT
Steel industry technology and engineering supplier Sarralle Group tellsKallanishit has won a new order from Acerinox for the upgrade of its Palmones unit in Spain. After having successfully built and commissioned a crushing slag plant in June 2022, Sarralle will now execute the second phase of the project by supplying new treatment and recovery


Around 40 MT new steel capacity to be commissioned by FY26: Assocham
Sat, 27 May 2023 00:00:00 GMT
Around 40 million tonne (MT) of new steel-making capacity will be commissioned by 2025-26, an industry executive said on Thursday. Vinod Nowal the Chairman of Assochams National Council on Iron and Steel made the remarks at India Steel Summit in the national capital. Domestic steel production capacity is expected to touch 300 MT and crude steel production is likely to reach 255 MT by FY31, he said. Nowal, who is also the chairman of JSW Bhushan Power and Steel Ltd, said, Fresh steel


Ukraine: Zaporizhstal shuts down BF3 for repairs
Fri, 26 May 2023 09:01:19 GMT
According to its investment program, Zaporizhstal has shut down the blast furnace No. 3 for capital repairs. Investments will amount to close to 200 million UAH. At the same time, the repair of the air heater No. 9 has almost been finished and the modernization of the air heater No. 13 is underway. This


Liberty Steel unit awarded two North Sea pipe contracts by Subsea7
Wed, 24 May 2023 00:00:00 GMT
Liberty Pipes Hartlepool, a subsidiary of UK-based Liberty Steel Group, has been awarded two contracts by engineering company Subsea7 to provide pipes for the Yggdrasil and Valhall PWP-Fenris offshore field projects in the North Sea. The steelmaker will supply 16.6 km of longitudinally submerged arc welded (LSAW) pipe for the contracts, with work set


SSAB and BE Group announce partnership for fossil-free steel
Tue, 23 May 2023 00:00:00 GMT
Swedish steelmaker SSAB and services company BE Group have partnered to identify significan't new demands and opportunities for fossil-free steel, the two companies said on May 22. We are extremely happy to welcome BE Group Oy as a fossil-free steel partner, said Lotta Ruottinen, sales director for SSAB Europe. BE Group is focusing on


H2 Green Steel, Thyssenkrupp Nucera to develop Swedish electrolysis ...
Tue, 23 May 2023 00:00:00 GMT
Swedish low carbon steel developer H2 Green Steel and Thyssenkrupps electrolyzer business announced May 22 that they are to jointly build an electrolysis plant to provide hydrogen for green steel production at the formers Boden plant, in northern Sweden. The project will use alkaline water electrolysis technology to secure capacity of more than 700


Indias JSW Steel posts contraction in fourth-quarter margin
Sat, 20 May 2023 00:00:00 GMT
JSW Steel Ltd on Friday said core profit margins contracted in the fourth quarter as expenses and weak steel prices weighed amid global headwinds. Margins on the earnings before interest, taxes, depreciation and amortisation (EBITDA) shrank to 16.9% in the quarter ended March 31, from 19.6% a year earlier. Consolidated net profit climbed more than 13% to 36.64 billion rupees ($448 million) from 32.34 billion rupees a year earlier. The year-ago quarter had an exceptional charge of 7.41


Automotive semiconductor shortages ease, China leads: conference
Fri, 19 May 2023 00:00:00 GMT
Automakers around the world have certainly felt the impact of semiconductor shortages, withan estimated $210 billion revenue lost globally in the sector in 2021, SSAB director of strategic development Arnaud Guerndel said at theKallanishEurope Steel Markets conference in Amsterdam this week. This problem has caused manufacturing lead times to increase from an average of


Low-priced HRC imports hit European market: Kallanish conference
Thu, 18 May 2023 00:00:00 GMT
Europes steel market is under pressure from low-priced imports that come in a period of low demand and order activity. At theKallanishEuropean Steel Markets conference in Amsterdam this week, observers said it is unlikely the market will normalise until after summer. According to Cesare Vigano, managing director of ArcelorMittal fabricator subsidiary CSN, recent local


Europe decarbonisation needs energy investment: Kallanish conference
Thu, 18 May 2023 00:00:00 GMT
The production and supply of electricity is the critical point for decarbonisation in Europe, ArcelorMittal technical head for climate change Stephane Tondo said at theKallanishEurope Steel Markets conference in Amsterdam on Wednesday. Thats why we want to invest in the production of direct reduced iron via hydrogen, he noted. We are currently operating the


Metinvest presents Steel Dream, a project to rebuild Ukraine
Wed, 17 May 2023 22:00:32 GMT
Metinvest-SMC, Metinvest Groups sales company, presented the Steel Dream concept for rebuilding the country at the Rebuilding Ukraine: A Strategy for Change for Architects, Developers and Builders architectural and construction business forum on May 11 in


Cleveland-Cliffs CEO sees US steel industry as motivating factor ...
Wed, 17 May 2023 00:00:00 GMT
Cleveland-Cliffs CEO Loureno Gonalves expects massive amounts of hydrogen to be available by the end of this decade and the US steel industry can be a catalyst for its use in other industries, he said May 16. Hydrogen is the next frontier because it produces H2O, not CO2, Goncalves said during a press conference



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