OFFSHORE WIND BUSINESS WILL BE SOLD BY VALMONT INDUSTRIES TO A DANISH STEEL COMPANY A definite agreement has been reached, according to a press release from Valmont Industries, Inc., to sell its offshore wind business to Euro Steel, a provider of steel goods to the European wind indu...
DEDUSTING SYSTEM INSTALLED BY NLMK AT LIPETSK PLANT With the redesign of its Blast Furnace No. 3 dedusting system, NLMK Lipetsk now achieves a 99.9% dust collection rate. All of NLMK's blast furnaces are now outfitted with cutting-edge dedusting system...
THE OVAKO HYDROGEN PROJECT RECEIVES AN ENVIRONMENTAL PERMIT The biggest electrolyzer in Sweden will be built by Ovako near Hofors with permission from the Land and Environmental Court of Sweden in Ostersund. It will be used to produce hydrogen without the use ...
STEEL LTD. OF INDIA ANTICIPATES A GREATER THAN 5-YEAR DROP IN SHIPMENTS FOR FY23 Due to a downturn in global demand and an export tax, India's JSW Steel Ltd anticipates its exports to reach a more than five-year low at 10% of total sales in the fiscal year ending in March 2023. Se...
IN Q3 2022 YOY, GERDAU'S NET PROFIT DECLINES BY ABOUT 34% Lower global steel prices and rising input costs are having a negative impact on the sector, according to Brazilian steelmaker Gerdau SA, which stated that its Q3 adjusted net profit decreased by appr...
NEW WALKING BEAM FURNACE INSTALLED BY THYSSENKRUPP AT THE DUISBURG SITE A brand-new, cutting-edge walking beam furnace has been finished by Thyssenkrupp Steel at its Duisburg location. The new unit's most significant benefit is a further increase in the surface quality of...
EXPORTS OF FINISHED STEEL FELL BY 55% IN 7 MONTHS OF FY23 YOY According to the most recent official data, India's completed steel exports more than halved over the first seven months of the fiscal year that started in April 2022. According to the report, finishe...
BLAST FURNACE AT FOS-SUR-MER FACTORY WILL BE SHUT DOWN BY ARCELORMITTAL At its Fos-sur-Mer factory in the south of France, ArcelorMittal said that it is ready to temporarily shut down one of its two blast furnaces. The steel manufacturer stated that the company is seeing ...
HIGHBAR IS PUTTING ARKANSAS REBAR MILLS INTO OPERATION A greenfield location in northeast Arkansas has been chosen by Highbar LLC, a newly created firm focusing on sustainable scrap metal recycling and steel production, to erect the first of two rebar ste...
DUE TO EXPORT DUTIES AND DUMPING, JINDAL STAINLESS'S REVENUES DECLINE FROM JULY TO SEPTEMBER 2022 Due to import dumping and an export tax, the Indian stainless steel manufacturer Jindal Stainless reported a second-quarter profit that more than halved. The company's combined earnings for the three ...
THE MICHIGAN FACILITY OF WORTHINGTON SPECIALTY IS PURCHASED BY MARUBENI-ITOCHU STEEL. Through its North American affiliate, Marubeni-Itochu Steel America Inc. (MISA), Marubeni-Itochu Steel Inc. announced that it has finished buying the last Worthington Specialty Processing facility in ...
MODERNIZATION OF EAF AT BIRMINGHAM FACILITY BY NUCOR STEEL The order for a new automatic temperature and sample manipulator for the EAF from CATFIS was given to MORE North America by Nucor Steel Birmingham, USA. The CATFIS manipulator is a quick and accurate ...
