Sheffield Forgemasters signed a memorandum of understanding with Rolls-Royce SMR to jointly explore commercial mechanisms for a long-term collaboration on the supply of forgings to the Rolls-Royce UK Small Modular Reactor (SMR) fleet. The project directly supports the United Kingdom’s civil nuclear industry and the development of SMRs in the U.K., with Sheffield Forgemasters able to supply the complex nuclear-grade demonstrator forgings as part of the regulatory process.
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.
This article looks at ways our means of transportation – how we get from here to there – are heat treated. We start with aerospace and then consider vehicular transportation followed by manual propulsion.
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.
FIA will hold Forge Fair 2021 on Oct. 26-28 in Detroit, Mich., at TFC Center (formerly Cobo Center). This article, geared to the novice and lightly experienced trade-show attendee, will give tips on how to make the most of your time on the exhibit floor and in the technical sessions.
Nucor Corp. launched Econiq, a line of net-zero carbon-steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. According to Nucor, Econiq is a first of its kind at scale for the U.S. steel industry. General Motors will receive the Econiq net-zero steel beginning in the first quarter of 2022, and it is projected that all steel purchased by GM from Nucor will be net carbon neutral by the end of 2022. The Econiq brand will be available across the complete line of Nucor steelmaking products, and initial quantities will be limited.
Sweden’s Ovako AB will adopt carbon-neutral steel production starting on Jan. 1, 2022. The company’s goal is to achieve zero-carbon emission steel. Beginning in January 2022 and until the goal is met, Ovako will counterbalance the remaining carbon emissions in production through carbon offsets. The steelmaker has reduced carbon emissions significantly through efficient processes, the use of fossil-free electricity and dedicated investments such as conversions to fossil-free fuels for heat treatment. By building on the success of its recent pilot project to heat steel with hydrogen, Ovako is now preparing the first full-scale production installation at its Hofors mill in Sweden.