Stainless steel producer Outokumpu of Finland has completed its planned acquisition of a 10% stake in a long-established supplier, German recycler Cronimet, following regulatory approval. Outolumpu’s main motive is to secure sourcing of high-quality scrap close is to its steel making operations in northeastern Europe. But the companies will also co-operate on joint innovation and […]
The capacity for EAF steelmaking is growing both in the US and abroad. Ferrous scrap supply has never been more important. A lot of people have viewed the scrap industry as old-fashioned and resistant to change. However, the same forces affecting the steel and other industries are also at play in recycling. The post SMU Spotlight: Randy Knibbe details PADNOS’ growth in US scrap industry appeared first on Steel Market Update.
ArcelorMittal Nippon Steel India (AM/NS India) is to establish three scrap-processing centres in anticipation of increasing difficulty meeting recycled steel requirements through imports. The company will invest around INR1 bn ($12 M, €11 M) to build a yard at its 9 Mt/y integrated works in Hazira (Gujurat), another at Ahmedabad (Gujurat) and a third in Khopoli (Maharashtra) […]
Brazilian miner Vale has started testing a form of iron ore briquette years in the making ahead of delivering to a backlog of customers. The company says the new product should help steel makers cut their carbon emissions by up to 10%. The company estimates it will take 18 months to clear the waiting list […]
Schnitzer Steel Industries has changed its corporate name to Radius Recycling. The Portland, Ore.-based scrap recycler and long steel producer said on Wednesday it’s part of a rebranding initiative to reflect the company’s “vision, purpose, and impact on the global economy.” “While metals recycling and steel manufacturing have been the foundation of our global business for […] The post Schnitzer Steel Changes Name to Radius Recycling appeared first on Steel Market Update.
Industry newcomer Nth Cycle has commissioned its innovative Oyster refining plant in Fairfield, Ohio, to recover nickel and cobalt from metal scrap, electronics waste, untapped mining resources and refinery waste. The recycling operation is based on the company’s patented electro-extraction technology which produces a mixed hydroxide precipitate (MHP) product, a first in the US according to Massachusetts-based […]
Secondary lead producer Hakurnas has agreed to install ACE Green’s recycling technology at its plant in Ashdod in Israel to improve its environmental performance. After the initial breaking of lead battery scrap, the conventional second step to recover the lead is smelting via a furnace that operates at high temperatures and produces significant GHG emissions […]
BlueScope-owned New Zealand Steel is to replace its blast furnace (BF) with an electric arc furnace (EAF). The cost is estimated at NZ$300 M (US$188 M, €174 M), with the government funding up to NZ$140 M. The investment will cut the Glenbrook works’ carbon footprint by 800,000 t, equivalent to taking around 300,000 cars off […]
Commodity trader and mining company Glencore intends to partner two companies to tackle what it describes as one of the biggest medium- to long-term challenges in the battery sector: recycling lithium-ion batteries through establishment of a purpose-built plant. The Switzerland-based group’s partners in Spain and Portugal will be industrial and commercial waste management company FCC […]
By now, anyone who works in the steel industry understands how important sustainability is. Steel is the most recycled material in the world, and recycled steel is a prominent ingredient in electric-arc furnace (EAF) steelmaking. Steel Market Update’s final Spotlight of 2022 gets into sustainability with Philip Bell, president of the Steel Manufacturers Association (SMA), […] The post SMU Spotlight: Phil Bell Talks Sustainability appeared first on Steel Market Update.