Nucor Corp. will invest $200 million over a five-year period in mill modernization projects at its Nucor Steel Berkeley division located in Huger, S.C. A portion of the capital investment will include the construction of a new air-separation unit (ASU) for the purpose of supplying industrial gases for the mill’s steelmaking operations. When complete, the ASU will be operated by UIG LLC, a Nucor wholly owned subsidiary that specializes in industrial gas supply. This project will allow Nucor, through UIG, to produce and supply all the gases needed for the steel mill from the new Nucor-owned facility. Nucor Steel Berkeley is currently supplied with industrial gases under a long-term supply agreement.
SMS group has been chosen by Jindal Stainless Ltd. (JSL) to build a new blast furnace at its Kalinganagar unit in India. The blast furnace will have a production capacity of 2 million tons of hot metal per year. The plant will serve both existing downstream steelmaking facilities and future facilities. The blast furnace will be the first in JSL’s new stainless steel complex, which is currently based on electric-arc furnace (EAF) technology, and will be the core of JSL’s Kalinganagar plant expansion. Commissioning of the plant is expected by the end of 2023. The project is another step toward India’s goal of bringing the country’s domestic production to 300 million tons by the end of the decade.
Tenova was awarded a contract from Tosyali for the supply of an electric-arc furnace (EAF) for its plant in Bethioua, Algeria. This will be the second EAF that Tenova has supplied to this site and is a key component of Tosyali’s current expansion project. The new EAF will be designed to be almost identical to the current EAF, which was supplied in 2016. It will process 2.5 million metric tons of DRI pellets per year to produce hot-rolled coil (HRC). A charging system will allow charging and melting of more than 12 tons of HDRI (hot DRI) per minute. The composition of the DRI produced and processed at the Bethioua site is adjusted by blending iron concentrates from different sources to achieve the most profitable balance between cost of raw materials and energy.
ArcelorMittal confirmed with the government of Ontario its plan for a $1.4 billion investment in decarbonization technologies at ArcelorMittal Dofasco’s plant in Hamilton. The investment will reduce annual CO2 emissions at the facility by approximately 3 million metric tons, which represents approximately 60% of emissions. This means the Hamilton plant will transition away from the blast furnace/basic oxygen furnace (BOF) steelmaking production route to the direct reduced iron (DRI)/electric-arc furnace (EAF) production route. The project is scheduled to be complete by 2028.
United States Steel Corp. broke ground in Osceola, Ark., on the company’s next-generation highly sustainable and technologically advanced steel mill. According to U.S. Steel, the $3 billion steelmaking facility will be the most advanced in North America and largest private project in the history of Arkansas. The plant will be adjacent to U. S. Steel’s Big River Steel, and the two facilities will be known as Big River Steel Works. The facility is expected to bring 900 plant jobs to the area, along with thousands of construction jobs. It will include two electric-arc furnaces (EAFs) with 3 million tons per year of advanced steelmaking capability, an endless casting and rolling line and advanced finishing capabilities.
United States Steel and Carnegie Foundry, a robotics and AI studio, jointly announced a strategic investment and partnership. The two Pittsburgh-based companies will work to accelerate and scale industrial automation driven by advanced robotics and artificial intelligence (AI). Carnegie Foundry will use this investment to commercialize and scale its industrial automation portfolio of robotics and AI technologies in advanced manufacturing, industrial robotics, integrated systems, autonomous mobility, voice analytics and more.
Nucor Corp. reached agreements to acquire a majority ownership position in California Steel Industries (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. and a 1% equity ownership stake from JFE Steel Corp. (JFE). The company will be a joint venture between Nucor and JFE. CSI is a flat-rolled steel converter with the capability to produce more than 2 million tons of finished steel and steel products annually. The company has five product lines, including hot rolled, pickled and oiled, cold rolled, galvanized and ERW pipe.
Algoma Steel Group Inc., a Canadian producer of hot- and cold-rolled steel sheet and plate products, will construct two new electric-arc furnaces (EAFs) to replace its existing blast furnace and basic oxygen steelmaking operations. The transformation is expected to reduce Algoma’s carbon emissions by approximately 70%. Following the transformation to EAF steelmaking, Algoma’s facility in Sault Ste. Marie, Ontario, is projected to have an annual raw steel production capacity of approximately 3.7 million tons. The facility will also include new vacuum degassing capability to expand Algoma’s offering of steel plate grades.
BlueScope entered into a binding agreement to buy the ferrous scrap-steel recycling business of MetalX LLC, the leading supplier of scrap feed to BlueScope’s Ohio-based mini-mill business, North Star BlueScope Steel. BlueScope will pay $240 million to acquire two of MetalX’s operating sites in Indiana and in Ohio. The Ohio facility is immediately adjacent to the North Star facility in Delta. According to BlueScope, North Star will soon move from a capacity of 2 million metric tons per year to almost 3 million metric tons per year. The acquisition is expected to complete by the end of the year.
Cleveland-Cliffs Inc. entered into a definitive agreement to acquire Ferrous Processing and Trading Company (FPT) for a total enterprise value of approximately $775 million. Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market. The company currently processes approximately 3 million tons of scrap per year, approximately half of which is prime grade. FPT operates 22 scrap processing facilities, with approximately 90% of revenues originating from its Midwest locations, primarily in Michigan and Ohio.