Mill Steel Co. grows footprint with new 90,000sft facility in Mansfield, Ohio

Mill Steel Co. grows footprint with new 90,000sft facility in Mansfield, Ohio

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 reveals $35/share offer to acquire U.S. Steel; Bid rejected despite 43% premium

Cleveland-Cliffs reveals $35/share offer to acquire U.S. Steel; Bid rejected despite 43% premium

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 inks MoU with JSW Steel for procurement and distribution

Rama Steel Tubes inks MoU with JSW Steel for procurement and distribution

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 […]

ABB India to deliver electrification for ArcelorMittal Nippon Steel’s Gujarat facility

ABB India to deliver electrification for ArcelorMittal Nippon Steel’s Gujarat facility

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 […]

New silica reduction plant launched at SAIL’s Bhilai Steel Plant

New silica reduction plant launched at SAIL’s Bhilai Steel Plant

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 […]

Tata Steel, SMS Group sign MoU for decarbonizing steel production

Tata Steel, SMS Group sign MoU for decarbonizing steel production

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, Steel ministry sign MoUs for eight product categories under PLI

Tata Steel, Steel ministry sign MoUs for eight product categories under PLI

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 secures BIS certification for fire resistant steel

Jindal Steel & Power secures BIS certification for fire resistant steel

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 […]