Mill Steel Co., a leading supplier of flat-rolled steel and aluminum in North America, has announced the acquisition of a new 90,000-square-foot facility in Mansfield, Ohio. This significant expansion is in line with Mill Steel’s recent purchase of Cleveland Metal Exchange (CME) and marks the company’s strategic entry into the flat-rolled stainless steel and aluminum […]
Cleveland-Cliffs Inc. (NYSE: CLF) has publicized its previously undisclosed bid to acquire U.S. Steel Corporation (NYSE: X) at a considerable premium of 43% to its current share price. The proposal, dated July 28, 2023, offered $17.50 cash plus 1.023 shares of Cliffs stock for each U.S. Steel share. This amalgamated to a total of $35.00 […]
Rama Steel Tubes Ltd. (RSTL), a prominent manufacturer of steel pipes and tubes in India, has signed a strategic Memorandum of Understanding (MoU) with India’s largest steel manufacturer, JSW Steel Group. The agreement encompasses various key aspects such as procurement of hot rolled coils (HRC), distribution of hot rolled coils, and production of value-added products […]
ArcelorMittal Nippon Steel India (AMNS India) has selected ABB India to supply electrification and automation systems for its steel cold rolling mill (CRM) located in Hazira, Gujarat. The contract was awarded via John Cockerill India Limited (JCIL), the original equipment manufacturer for the project. AMNS India, a collaboration between global steel leaders ArcelorMittal and Nippon […]
Indian Union Minister for Steel and Civil Aviation, Jyotiraditya M. Scindia, recently launched a groundbreaking Silica Reduction Plant at the Steel Authority of India Limited’s (SAIL) Bhilai Steel Plant’s Dalli Mines. The move is a significant stride towards enhancing India’s steel production capacity, marking a notable contribution to the country’s steel industry’s prowess. The inaugural […]
Indian steel-making company Tata Steel Limited and German plant-making firm SMS Group have inked a Memorandum of Understanding (MoU) to foster collaboration in decarbonizing steel production. The cornerstone of the MoU is the joint industrial demonstration of the EASyMelt technology, a brainchild of SMS Group, aimed at reducing CO2 emissions by over 50% from baseline […]
Tata Steel along with its subsidiaries Tata Steel Long Products and Tinplate Company of India has signed memorandum of understanding (MoUs) with the Indian Ministry of Steel for eight product categories under the Production-linked incentive (PLI) Scheme for specialty steel. The Ministry signed a total of 57 MoUs with 27 firms covering 20 sub-categories. The […]
Jindal Steel & Power (JSP) has secured Bureau of Indian Standards (BIS) certification for manufacturing fire resistant steel structures at its rail mill and special profile mill in Raigarh, Chhattisgarh. This Hot Rolled Structural Steel, produced in accordance with IS 15103, is employed in high-temperature or fire-prone areas. It can be able to withstand temperatures […]
Vardhman Special Steels Limited (VSSL) said that it has commenced mass production of steel for forging companies of Japan-based Aichi Steel Corporation for certain grades for which it has secured approvals. The Indian special and alloy steels manufacturer said that the sales of the products for FY 2023-24 will be around 10,000 MT. The sales […]