Tag Archives: STEEL

The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors

(IN BRIEF) Electric vehicles (EVs) are essential for decarbonizing the transport sector, yet concerns regarding the sustainability of materials used in their electric motors persist. A recent IDTechEx report predicts a demand for over 160 million electric motors annually by … Read the full press release

ArcelorMittal Sets Date for Annual General Meeting and Updates on Board Committee Chair

(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release

A New Tune: voestalpine Employees Sing the Message of Sustainability

(IN BRIEF) voestalpine has launched an innovative brand campaign, featuring its employees as ambassadors who sing about their passions and roles in a rendition of “My Favorite Things.” This campaign highlights how voestalpine contributes to sustainability and modern living through … Read the full press release

Stainless Steel Revolution: Outokumpu Collaborates with thyssenkrupp and Boysen Group to Decarbonize Auto Industry

(IN BRIEF) Outokumpu, a global stainless steel leader, has partnered with thyssenkrupp Materials Processing Europe and Boysen Group to introduce towards-zero stainless steel to the automotive industry. This collaboration aims to address tailpipe emissions and decarbonize the automotive sector. Outokumpu’s … Read the full press release

SSAB’s Oxelösund Mill to Lead Fossil-Free Steel Production Following Investment Decision

(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release

DNV and Emirates Steel Arkan Unite to Lead Transformation towards a Sustainable Future

(IN BRIEF) DNV and Emirates Steel Arkan have formed a strategic partnership to accelerate decarbonization efforts in the steel and building materials producer industry. The five-year collaboration aims to achieve net zero emissions in line with the UAE’s climate neutrality … Read the full press release

ANDRITZ to Investigate Carbon Capture Plant for Vanadium Production in Finland

(IN BRIEF) Pori Energia Oy, a Finnish energy company, has commissioned international technology group, ANDRITZ, to conduct a feasibility study for a carbon capture and storage plant. The plant will be built at the combined heat and power station in … Read the full press release

SSAB and Vestre collaborate to create the world’s first piece of furniture made with fossil-free steel

(IN BRIEF) SSAB and Vestre have entered into a collaboration agreement to produce a piece of furniture using fossil-free steel. Vestre aims to transition to more sustainable materials and production methods, while SSAB is committed to leading the global steel … Read the full press release

Alfa Laval joins global initiative to address hard-to-abate CO2 emissions

(IN BRIEF) Alfa Laval has joined the First Movers Coalition (FMC), a global initiative launched by the World Economic Forum (WEF) to decarbonize hard-to-abate CO2-emitting industries and long-distance transport. The FMC focuses on seven sectors, including aluminium, aviation, chemicals, concrete, … Read the full press release

Steel Giant ArcelorMittal Leads $120 Million Fundraising Round for Boston Metal’s MOE Platform

(IN BRIEF) ArcelorMittal, the steel company, has invested $36 million in Boston Metal as part of a $120 million Series C fundraising round. The investment is the largest single initial investment to date by the company through its XCarb® Innovation … Read the full press release

Klöckner & Co, a major distributor of steel and metal products, to start selling emission-minimized stainless steel from Outokumpu Oyj

(PRESS RELEASE) HELSINKI, 7-Dec-2022 — /EuropaWire/ — Outokumpu Oyj (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced that its emission-minimized stainless steel will be distributed by Klöckner & Co, one of the largest producer-independent distributors of … Read the full press release

Vattenfall joins the new Cement and Concrete sector launched by the First Movers Coalition

(PRESS RELEASE) STOCKHOLM, 8-Nov-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced a new commitment in connection to COP27 where the First Movers Coalition today launched a new sector – Cement and Concrete. The company will … Read the full press release

H2 Green Steel and Hydro Havrand partnership eye green hydrogen production at scale

(PRESS RELEASE) OSLO, 13-Oct-2022 — /EuropaWire/ — Norsk Hydro ASA (OTCMKTS: NHYDY), a Norwegian aluminium and renewable energy company committed to a sustainable future, has announced that its renewable hydrogen subsidiary Hydro Havrand will enter into a partnership with H2 … Read the full press release

New research demonstrated that direct reduced iron (DRI) with hydrogen creates a product with superior mechanical and aging properties

(PRESS RELEASE) STOCKHOLM, 12-Oct-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced that a new research demonstrated that direct reduced iron (DRI) with hydrogen creates a product with superior mechanical and aging properties as compared to … Read the full press release

Voestalpine Railway Systems to produce high-performance turnouts in Egypt as part of a new joint venture

(PRESS RELEASE) LINZ, 5-Jul-2022 — /EuropaWire/ — Voestalpine AG (VIE: VOE), an Austria-based leading steel and technology group with a unique combination of materials and processing expertise, has announced that its Railway Systems business unit part of the Group’s Metal … Read the full press release

Voestalpine Railway Systems produrrà scambi ad alte prestazioni in Egitto come parte di una nuova joint venture

(COMUNICATO STAMPA) LINZ, 5-Jul-2022 — /EuropaWire/ — Voestalpine AG (VIE: VOE), un gruppo siderurgico e tecnologico leader in Austria con una combinazione unica di materiali ed esperienza di lavorazione, ha annunciato che la sua business unit Railway Systems facente parte … Read the full press release

Alfa Laval to use fossil-free steel from SSAB in the production of its heat exchangers

(PRESS RELEASE) LUND, 31-May-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, and SSAB (STO: SSAB-A), a Nordic and US-based steel company, have announced a new collaboration for the development and commercialization … Read the full press release

Alfa Laval verwendet für die Produktion seiner Wärmetauscher fossilfreien Stahl von SSAB

(PRESSEMITTEILUNG) LUND, 31-May-2022 — /EuropaWire/ — Alfa Laval, ein weltweit führender Anbieter von Wärmeübertragung, Zentrifugalabscheidung und Flüssigkeitshandhabung, und SSAB (STO: SSAB-A), ein in Skandinavien und den USA ansässiges Stahlunternehmen, haben eine neue Zusammenarbeit für die Entwicklung und Vermarktung des weltweit … Read the full press release

Successful start of the new galvanizing line ANDRITZ supplied to Nucor Steel Arkansas in the United States

(PRESS RELEASE) GRAZ, 28-Mar-2022 — /EuropaWire/ — ANDRITZ GROUP, Austria-based international technology group active in the supplies of plants, has announced the successful start of the new galvanizing line the company supplied to Nucor Steel Arkansas in Hickman, Arkansas, USA. … Read the full press release

voestalpine opens new EUR 23 million testing center in Linz, Austria

(PRESS RELEASE) LINZ, 14-Feb-2022 — /EuropaWire/ — Voestalpine AG (VIE: VOE), an Austria-based leading steel and technology group with a unique combination of materials and processing expertise, has announced the launch of its new state-of-the-art testing center in Linz, Austria … Read the full press release

SEB’s Investment Outlook: the increased price of carbon emission rights will have a significant impact on industry in 2022

(PRESS RELEASE) STOCKHOLM, 9-Feb-2022 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (STO: SEB-A) (SEB), a Swedish financial group leader on the Nordic market, has announced the publication of its Investment Outlook, which has an article that takes an in-depth look … Read the full press release

Boliden adds zinc to its product portfolio of metals with low climate impact

(PRESS RELEASE) STOCKHOLM, 7-Feb-2022 — /EuropaWire/ — Boliden AB (STO: BOL), a Swedish multinational active in exploring, extracting and processing base metals and precious metals, has announced the company has begun the sale of zinc with a low climate footprint, … Read the full press release

Carbon Counts exhibition opens at University of Liverpool’s Liverpool School of Architecture (LSA) from February to May 2022

(PRESS RELEASE) LIVERPOOL, 31-Jan-2022 — /EuropaWire/ — University of Liverpool, a public research university, has announced that its School of Architecture will host an exhibition that will explore the embodied carbon of some of the most common contemporary building materials, … Read the full press release

Volvo Cars to source steel made from hydrogen-reduced iron from SSAB’s HYBRIT pilot plant in Luleå, Sweden

(PRESS RELEASE) STOCKHOLM, 16-Jun-2021 — /EuropaWire/ — SSAB (STO: SSAB-A), a Nordic and US-based steel company, has announced it is partnering with Volvo Cars, a Swedish luxury automobile brand, to jointly explore the development of fossil-free, high-quality steel for use … Read the full press release

COVID-19: thyssenkrupp and IG Metall roll out an immediate “Corona crisis package”

COVID-19: thyssenkrupp and IG Metall roll out an immediate "Corona crisis package"

(PRESS RELEASE) ESSEN, 26-Mar-2020 — /EuropaWire/ — Industrial company thyssenkrupp and Germany’s metalworkers union IG Metall announced they will roll out an immediate “Corona crisis package” to deal with the pandemic. Second, the companies have reached an agreement to implement … Read the full press release

Daimler AG joins the Responsible Cobalt Initiative, the Responsible Mineral Initiative, the Responsible Steel Initiative and the Aluminium Stewardship Initiative

Daimler increases transparency in the raw material supply chain by joining the Responsible Cobalt Initiative, the Responsible Mineral Initiative, the Responsible Steel Initiative and the Aluminium Stewardship Initiative. Renata Jungo Brüngger, Member of the Board of Management of Daimler AG … Read the full press release

Tata Steel and thyssenkrupp AG to combine their European steel businesses in a 50/50 joint venture

Agreement to combine European steel operations in 50/50 joint venture thyssenkrupp Tata Steel Proposed new company to focus on quality and technology leadership Expected annual synergies of €400-€500 million plus synergies in capex and working capital optimization confirmed by due … Read the full press release

Triton successfully completes sale of Ovako AB to Nippon Steel & Sumitomo Metal Corporation

STOCKHOLM/ TOKYO, Japan, 04-Jun-2018 — /EuropaWire/ — Funds advised by Triton (“Triton”) have successfully completed the sale of Ovako AB (“Ovako”), a leading European producer of engineering steel to, Nippon Steel & Sumitomo Metal Corporation (“NSSMC”), one of the world’s largest … Read the full press release

ArcelorMittal: merger clearance by the European Commission for AM Investco Italy Srl’s proposed acquisition of Ilva S.p.A

LUXEMBOURG, 08-May-2018 — /EuropaWire/ — ArcelorMittal (‘the Company’) announces that it has been granted merger clearance by the European Commission (‘EC’ or ‘the Commission’) for AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva). EC merger clearance … Read the full press release

ArcelorMittal Chairman Lakshmi Mittal: We believe that ArcelorMittal, together with NSSMC, has the most relevant credentials and experience and is the most credible owner for Essar Steel

LUXEMBOURG, 05-Apr-2018 — /EuropaWire/ — ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (‘NSSMC’) announce that ArcelorMittal’s subsidiary ArcelorMittal India Private Limited (‘AMIPL’) has today submitted an offer in the re-bidding process for Essar Steel India Limited (‘Essar Steel’) in connection … Read the full press release

Four innovative design concepts that utilize high-strength steel nominated for the Swedish Steel Prize 2018

The Swedish Steel Prize 2018 finalists have been named, revealing four innovative design concepts that utilize high-strength steel to achieve the highest possible performance. The winner will be announced at a ceremony in Stockholm on May 24. STOCKHOLM, 28-Mar-2018 — … Read the full press release

Colin Smith to succeed Alan Begg as board director at NV Bekaert SA

The Board of Directors of NV Bekaert SA is proud to announce the nomination of Mr Colin Smith for appointment by the Annual General Meeting of Shareholders of 9 May 2018. He will replace Mr Alan Begg whose term of … Read the full press release

ArcelorMittal signed a US$6,000,000,000 Revolving Credit Facility to be used for general corporate purposes of ArcelorMittal group

Luxembourg, 5-5-2015 — /EuropaWire/ — On 30 April 2015, ArcelorMittal signed a US$6,000,000,000 Revolving Credit Facility (incorporating 3 and 5 year tranches) (the “Facility”). The Facility will replace the US$2,400,000,000 revolving credit facility agreement dated 6 May 2010 and the … Read the full press release

ArcelorMittal announced its financial calendar for 2014

Luxembourg, 20-12-2013 — /EuropaWire/ — ArcelorMittal today announces its financial calendar for 2014. Earnings results announcements: 7 February 2014 Earnings Release Q4 2013 + FY 2013 9 May 2014 Earnings Release Q1 2014 1 August 2014 Earnings Release Q2 2014 7 November … Read the full press release

ArcelorMittal released its HY 2013 report, recasts its 2012 annual report on Form 20-F

Luxembourg, 05-8-2013 — /EuropaWire/ — ArcelorMittal has published today its Half-Year Report for the six month period ended 30 June, 2013 (“HY Report”). As a result of the adoption and early adoption of new IFRS accounting standards as of 1 January … Read the full press release

SCM Group and SMART Group transferred blocks of shares in five assets to Metinvest B.V., the parent company of steel and mining group of companies

22-7-2013 — /EuropaWire/ — Metinvest B.V., the parent company of an international vertically integrated steel and mining group of companies (jointly referred to as “Metinvest” or “Metinvest Group”), today announced that as part of ongoing business restructuring, SCM Group, as envisaged … Read the full press release

Aerospace materials and logistics provider ThyssenKrupp Aerospace moved to new building near Marseille, France

21-6-2013 — /europawire.eu/ — Aerospace materials and logistics provider ThyssenKrupp Aerospace has moved to a new building at Vitrolles near Marseille, mainly dedicated to supporting a major customer in the area. During the official inauguration event on June 11nd, ThyssenKrupp … Read the full press release

Klöckner & Co Q1 2013 results announced

Turnover down 11.4% to 1.6 million tons and sales down 16.5% to approximately €1.6 billion Gross profit of €303 million down 11.9% on the prior-year figure (€344 million) due to lower turnover and prices; gross profit margin improved from 17.7% … Read the full press release

EC puts forward action plan to help the European Steel Industry

Brussels, 12-6-2013 — /europawire.eu/ — The European Commission today put forward an action plan for the European Steel Industry to help this sector confront today’s challenges and lay the foundations for future competitiveness by fostering innovation, creating growth and jobs. For the … Read the full press release

Commission starts preparing steel action plan

Brussels, 10-12-2012 — /europawire.eu/ — Commissioner Antonio Tajani met today with representatives from the Steel Industry and the Social Partners in the second meeting of the High-level Roundtable on the future of the European Steel Industry. Stakeholders were invited to present and discuss specific policy recommendations … Read the full press release