Steel Times International News
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ArcelorMittal invests $5m in clean energy systems
ArcelorMittal has invested $5 million in Utility Global, a developer of clean energy generation systems, through its XCarb® Innovation Fund.
30 September 2024 -
Tata Steel's UK plant shutters last remaining blast furnace
The UK's biggest steelworks will shutdown the final furnace at its plant after more than 100 years of production, leading to thousands of job losses across South Wales.
30 September 2024 -
Outokumpu publishes report on the green steel transition
Stainless steelmaker Outokumpu, has published a report on the future of steel – identifying ‘five critical shifts to accelerate the green transition and the needed industrial transformation’.
23 September 2024 -
Indian DRI production overtakes crude steel growth, says report
A recent report by Indian ratings agency CRISIL has revealed that Indian production of direct reduced iron (DRI), also known as sponge iron, achieved a compound annual growth rate (CAGR) of 8% to 51.5Mt in 2024 from 34.7Mt in 2019, outpacing the 5% growth in crude steel output.
19 September 2024 -
SSAB and Meka Pro Oy sign fossil-free steel agreement
SSAB and cable support manufacturer Meka Pro Oy have agreed on deliveries of fossil-free steel that will be used to manufacture cable management systems, such as cable ladders and cable trays.
19 September 2024 -
Marcegaglia invests £50m to build EAF in Sheffield, UK
Italian steelmaker Marcegaglia, is investing £50m to build a new electric arc furnace to upgrade its existing site in Sheffield, UK prime minister Keir Starmer has announced.
18 September 2024
