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Force Control announces retirement of 47-year employee
Wed, 29 Sep 2021 11:58:00 GMT
Force Control Industries, a manufacturer of clutches, brakes, and clutch brakes based in Fairfield, Ohio, has announced the retirement of Rick Fuhrman after a 47-yea

Two steelmakers to increase capacity with new 3-million-ton U.S. ...
Mon, 20 Sep 2021 13:04:00 GMT
Steelmakers United States Steel Corp. and Nucor both have announced plans to establish new mills in the U.S.

U.S. Steel Exploring Sites for New $3 Billion Minimill
Mon, 20 Sep 2021 00:00:00 GMT
United States Steel Corp. announced an exploratory site selection process to build a new 3-million-ton flat-rolled minimill in the United States. The planned minimill will combine two state-of-the-art electric-arc furnaces (EAFs) with differentiated steelmaking and finishing technology, including purchased equipment already owned by the company. The continued adoption of minimill technology will expand U.S. Steels ability to produce the next generation of proprietary sustainable steel soluti...

US Steel plans $3 billion, 3m st minimill
Mon, 20 Sep 2021 00:00:00 GMT
US Steel is on the hunt for a site for a new $3 billion, 3 million short ton/year flat-rolled minimill, the company says. The planned minimill will run two electric arc furnaces. US Steel has only recently but rapidly entered the minimill arena via its Fairfield, Alabama, project and its acquisition of

US steel market keeping watch of logistics issues in wake of ...
Wed, 01 Sep 2021 00:00:00 GMT
No US steel mills were in the direct path of Hurricane Ida, though sources in the steel market were assessing potential impacts Aug. 30 as utilities were downed by the storm and logistics were expected to be affected in Louisiana and beyond in its wake. The storm made landfall as a Category 4 hurricane on Aug. 29, about 100 miles south of New Orleans, near Port Fourchon. Freight rail and trucking in the region remained a concern and it was too soon to tell Aug. 30 how the storm would

U.S. Steel to Assess Hydrogen, Carbon Capture and Storage Development
Mon, 12 Jul 2021 11:00:00 GMT
United States Steel Corp. executed a non-exclusive memorandum of understanding (MOU) with Equinor US Holdings Inc., an affiliate of Norway-based Equinor ASA. Under the MOU, the companies will study the potential for carbon capture and storage (CCS) and hydrogen development in the tristate region of Ohio, Pennsylvania and West Virginia. Hydrogen-based steel processes and CCS are among the more promising and sustainable technologies currently being developed.

4 Top Stocks to Gain as Demand for Steel Bounces Back
Thu, 24 Jun 2021 00:00:00 GMT
The demand for steel in the United States is making a comeback, making it prudent to invest in stocks like Olympic Steel (ZEUS), United States Steel (X), Nucor (NUE) and Schnitzer Steel

Tariff removal would hinder efforts on steel overcapacity: AISI
Thu, 17 Jun 2021 00:00:00 GMT
The recent joint statement from the US and EU shows that the governments share concerns regarding their domestic metals industries that must be cooperatively addressed, such as global excess capacity, but a removal of the US steel and aluminum tariffs on the EU would run counter to such initiatives, American Iron and Steel Institute

US steel sector backs US, EU talks on overcapacity, but wary ...
Wed, 19 May 2021 00:00:00 GMT
US steel groups welcomed an announcement May 17 from US and EU trade officials signaling the beginning of discussions to address global steel and aluminum overcapacity, but they asserted that such talks should not alter any existing trade measures that the US has imposed on the EU to protect the domestic steel industry. American Iron and Steel Institute CEO Kevin Dempsey said he appreciated the commitment from the US and EU to work together on market distorting concerns, but this cooperatio

US steel prices higher for longer
Fri, 30 Apr 2021 00:00:00 GMT
Hot-rolled coil and busheling scrap futures continue to grind higher during the week ended April 27, as near-term supply constraints still weigh on the market, pushing prices higher for longer, as steel companies report record profits and are expected to remain disciplined with regards to US steel production. Trading volumes fell this week; some long hedges have continued to roll further down the curve in order to earn some of whats left of the backwardations, or contangos. The HRC spot

US Steel joins green forum ResponsibleSteel
Fri, 23 Apr 2021 00:00:00 GMT
Building on its pledge earlier in the week to hit carbon neutrality by 2050, US Steel announced Thursday that it has become the first North American steelmaker to join green steel forum xxx ResponsibleSteel is an important part of US Steels ESG (environmental, social and governance) commitments and the 2050 carbon neutrality goal that

Can metal fabricators prosper with wind power
Wed, 17 Mar 2021 13:30:00 GMT
Misinformation about wind power during the winter storm in Texas can't derail the push for more renewable energy, even in the Lone Star State. Metal fabricators can learn more about the sector in an upcoming webinar sponsored by plate rolling equipment manufacture

Number of U.S. Steel company reports: 12
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News headlines and business reports on US Steel.