Rio Tinto and Bluescope explore 'low carbon steel pathways'
Rio Tinto and BlueScope plan to work together to explore low-carbon 'steelmaking pathways' using Pilbara iron ores. The two companies will look at the use…
Source: steeltimesint.com
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US and EU reach agreement on steel tariffs
The USA and the European Union (EU) have reached an agreement over steel (and aluminium) tariffs, which will remove charges on more than US$10 billion of…
Source: steeltimesint.com
Sandvik celebrates low carbon nuclear tubes and pipes order
Sandvik Materials Technology has secured a record order for nuclear tubes and pipes from a world-leading low carbon energy company for the development of…
Source: steeltimesint.com
US$600 million HBI facility for Metalloinvest
Metalloinvest has contracted with Primetals Technologies and consortium partner Midrex Technologies, Inc. to supply a new US$600 million HBI Plant (HBI-4)…
Source: steeltimesint.com
Cleveland-Cliffs reports record profit, revenue and EBITDA
Cleveland-Cliffs, which grew immensely by acquiring ArcelorMittal USA and AK Steel last year, pulled in a record second-quarter profit of $795 million on revenue of $5 billion, another record. The Cleveland-based steelmaker and mining company also brought in record earnings before interest, taxes, depreciation and amortization of $1.4 billion, as compared to an EBITDA loss of $82 million during the same period last year. âIn the second quarter of 2021 we achieved all-time quarterly records in revenue, net income and adjusted EBITDA," Cleveland-Cliffs Chairman, President and CEO Louren...
Source: nwitimes.com