United States Steel Corp., Pittsburgh, announces a series of aggressive and meaningful actions to provide greater certainty on the company’s response to impacts from the coronavirus and the sudden, significant changes in global oil and gas markets.
Continue readingCleveland-Cliffs, AK Steel join to form vertically integrated producer of iron and steel
Cleveland-Cliffs Inc. and AK Steel Holding Corp. announce that they have entered into a definitive merger agreement in which Cliffs, North America’s largest producer of iron ore pellets, will join with AK Steel, a leading producer of innovative flat-rolled carbon, stainless, and electrical steel products.
Continue readingGasbarre supplies a car bottom furnace to a U.S. maker of excavating equipment
Gasbarre Thermal Processing Systems, Plymouth, Mich., recently manufactured and commissioned a high temperature car bottom furnace for a Southern U.S. manufacturer of excavating equipment.
Continue readingDanieli to supply equipment for Nucor’s thermo-mechanical rolled plate steel mill
Danieli, Italy, announces that it has been selected to supply equipment for Nucor Corporation and its new greenfield plate steel mill complex in Brandenburg, Kentucky.
Continue readingUnited States Steel invests $700 million in joint venture with Big River Steel
United States Steel, Pittsburgh, announces that it has formed a joint venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years.
Continue readingCleveland-Cliffs invests $100 million in DR iron plant, $830 million in HB iron plant
Cleveland-Cliffs Inc., Cleveland, announces that has started up its new production equipment, including supporting infrastructure, to support large-scale commercial production of DR-grade iron pellets at its Northshore Mining facility in Babbitt, Minnesota.
Continue readingHöganäs launches iron-based Rockit welding powders to combat impact/abrasive wear
Höganäs AB, Sweden, launches its new Rockit 606/706 welding powders, which prolong component lifetime in tough wear environments such as the oil & gas and mining & construction industries.
Continue readingOECD says global steelmaking capacity could grow by as much as 5% by 2021
The Organisation for Economic Co-operation and Development (OECD), Paris, reports that global steelmaking capacity declined slightly in 2018, but projects that are underway now or have been proposed could bring about more than 100 million metric tons of new capacity over the next three years.
Continue readingAFC-Holcroft integral-quench systems to heat-treat mining and rock-drilling tools
AFC-Holcroft, Wixom, Mich., announces that Mincon Group, headquartered in Shannon, Ireland, has purchased two separate and complete batch-style integral-quench heat-treatment lines.
Continue readingTerves to expand magnesium foundry for manufacturing dissolvable metal tools
Terves Inc., Euclid, Ohio, announces that it has broken ground on a 12,000 sq. ft. expansion to its magnesium foundry, which will enable further growth of capabilities in metal processing, heat treatment, and machining.
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