Sustainability: Technology

 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.

Greenwave Technology Solutions Inc. is significantly expanding its operations with two new metal recycling facilities, new trucks, and an online car buying program.  The Suffolk, Va.-based recycler currently operates 11 facilities in Virginia and North Carolina through its subsidiary Empire Services Inc. This month, its 12th facility will open in Fairmont, N.C., and in December, a […] The post Greenwave Expanding Metal Recycling Capabilities appeared first on Steel Market Update.

Sticking with a business model that’s proven successful over the past three decades, David Stickler and his team at Global Principal Partners (GPP) hope to make their next endeavor with Hybar’s two new rebar minimills another prosperous one. Steel Market Update sat down with the industry veteran this week in an exclusive interview to discuss […] The post INTERVIEW: Stickler Sticks With Proven Model for New Hybar Minimill appeared first on Steel Market Update.

Schnitzer Steel Industries Inc. said its fourth quarter ended Aug. 31 results were negatively impacted by declining ferrous and nonferrous sales prices and demand. The trend partially offsets the benefits of strong prices for its finished steel products. Tighter supply flows and an extended outage at its Everett, Mass., recycling facility were partly to blame […] The post Schnitzer: Near Record Annual Results Despite Falling Prices appeared first on Steel Market Update.

H2 Green Steel (H2GS) is partnering with Midrex Technologies for its new direct reduced iron (DRI) facility in northern Sweden.  Using Midrex’s technology, H2GS’s 2.1-million-metric-tons-per-year facility will run on 100% green hydrogen. Paul Wurth, an SMS group company, will also provide technology and equipment for the first-of-its-kind DRI plant. “We started working together almost two […] The post H2 Green Steel Partners with Midrex, Gets Funding from Kobe Steel appeared first on Steel Market Update.

We’ve seen a wave of mill idlings and outages this fall. But steel buyer reaction to date has been subdued. The yawn now in response to all those tons coming out of the market stands in stark contrast to the almost hysterical reaction to downtime at even the smallest producers in early 2021. Remember the […] The post Final Thoughts appeared first on Steel Market Update.

Members of Thyssenkrupp’s executive board have agreed to allocate more than €2 bn ($2 bn) of capital for construction of the German conglomerate’s first direct reduction iron (DRI) plant. A final go-ahead remains subject to public funding. The company’s intention is to award the contract for the 2.5 Mt/y unit at its Duisburg works in […]

Keynote speaker Paul Lowrey presented at the SMU Steel Summit Conference today, explaining his market thoughts through data on US steel market capacity, steel mill consolidation, and the scrap market. As president of Steel Research Associates (SRA) with a career spanning 30 years, Lowrey opened his segment explaining, “I’ve been labeled by some as a […] The post Paul Lowrey: It’s a Great Time to Be in the Steel Industry appeared first on Steel Market Update.

Steel made by US electric arc furnace (EAF) producers emits 75% less carbon than steel produced by traditional blast furnace-based production. That’s according to an independent study conducted by Steel Market Update parent company CRU Group for the Steel Manufacturers Association (SMA). The results of that study were released today. Washington, D.C.-based SMA represents the […] The post SMA Study Conducted by CRU Finds US EAFs Emit 75% Less Carbon appeared first on Steel Market Update.

Luxembourg-headquartered ArcelorMittal will install a 2.5 Mt/y direct reduced iron (DRI) pellet unit at its Dofasco flat rolled steel works in Hamilton, Ontario. The plant is switching from the integrated blast furnace-basic oxygen furnace (BF-BOF) steel making route to the mini-mill DRI-EAF (electric arc furnace) route to lower its carbon footprint. The estimated savings in CO2 emissions […]