It's cliche to say it. But spring traditionally brings new hope and green shoots—whether that's looking forward to vacations or increased business activity. While I viscerally share these positive feelings, I can’t help but thinking of three areas where I'm not feeling very hopeful. Namely, the US electrical grid, the national debt, and the Iran war.
GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.
France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana.
Hyundai Steel and France-based Fives Group announced the signing of a contract for coil finishing lines for the Hyundai-POSCO joint steel mill proposed in Louisiana.
The US scrap market has largely settled at prices most predicted in late March. The prevailing view then: shredded and other obsolete grades, like HMS, would drop $10-20 per gross ton (gt) despite higher transportation costs. And prime grades, like #1 busheling and bundles, would trade sideways thanks to better demand and static supply. This is essentially what has happened.
Steel Dynamics Inc. (SDI) has announced that Richard “Dick” P. Teets, Jr. and Gabriel L. Shaheen will be retiring from the company’s board of directors effective as of its 2026 Annual Meeting of Shareholders on May 6.
The layoffs at Algoma Steel’s integrated facility went into effect today. Going forward, it will use the electric arc furnace (EAF) for producing its steel.
U.S. Steel has issued a bid solicitation for the site of its new $4 billion mini mill, and Michigan is in the running, the company’s top executive recently told Crain’s Detroit Business.
Algoma Steel said the Section 232 tariff shock continues to shape its business model. The 50% US duty effectively shut the company out of its largest export market, forcing a structural pivot toward Canada.
Algoma Steel Inc. added to its mounting losses during the fourth quarter. Sales and shipments plummeted as ongoing trade tensions between Canada and the US force the Sault Ste. Marie, Ontario-based steelmaker to reconfigure its entire business model.
Tenaris has closed on its buy of a Beaver Falls scrap processing yard in Pennsylvania.
ArcelorMittal Mexico has replaced the transformer on its No. II electric-arc furnace, increasing casting capacity by 18%.
I grew up in Belo Horizonte, the capital of Minas Gerais in southeastern Brazil, surrounded by the Serra do Curral mountains, and a culture steeped in mining and vast iron ore reserves.
A €1.3 bn ($1.55 bn) project to install a 2 Mt/y electric arc furnace at Dunkirk, northern France, will go ahead, ArcelorMittal confirmed during a site visit to the integrated steel works by French President Emmanuel Macron.
The final charge of Algoma Steel’s #7 blast furnace occurred on Saturday, as the company transitions to fully electric-arc furnace (EAF) steelmaking.
Following a $2.1 milli-n outlay to restart operations, Tenaris is reactivating the heat treatment and finishing operations at its EAF mill in Koppel, Pa.
Algoma Steel Group Inc. is preparing to report another significant quarterly loss as it winds down its blast furnace operations and ramps up electric-arc furnace steelmaking.
The state of Louisiana has purchased 1,700 acres along the Mississippi River from Germania Plantation Inc. for $91 million for Hyundai Steel's proposed EAF operation.
Posco has confirmed a 20% stake in a joint EAF mill in Louisiana with fellow South Korean firm Hyundai, an investment valued at $582 million.
Algoma Steel plans to continue its transition to electric-arc furnace (EAF) steelmaking using the CA$500 million in loans from the Ontario provincial and Canadian federal governments.
A history of EAF steelmaking.
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.
In the Americas, the ongoing conversion to EAF melting is driving demand for prime grades of scrap and increased use of ore-based metallics
Upended by the Trump regime's tornado of tariffs, Algoma Steel is pivoting on its cross-border business model, shifting its focus to supplying the Canadian market.
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
Robert Kopf has been on U.S. Steel's acquiring side and is now part of the steelmaker's partnership with Japan’s Nippon Steel, and he sees bright days ahead for the steelmaker.