Steel producer’s plans include one new electric arc furnace, the restart of another and capacity expansion at a third mill.

BMO Capital downgraded Algoma Steel Group Inc. (NASDAQ:ASTL) to Market Perform from Outperform, while simultaneously lowering ...

Nippon Steel, Japans largest steelmaker, announced plans to invest nearly 870 billion yen (approximately $6.05 billion) to ...

The Japanese steelmaker said the investment in electric arc furnaces will increase production capacity while significantly reducing emissions.

Nippon Steel plans to invest $6 billion to increase production of steel using electric arc furnaces in a bid to reduce carbon emissions. The Japanese steelmaker said Friday that it would invest ...

Tata Steel UK has awarded a new contract to a manufacturer of process cranes worldwide to support the operation of the proposed electric arc furnace (EAF) facility at Port Talbot steelworks.

Hyundai Steel, South Korea's second-largest steelmaker, said Monday it is considering selling a division that produces ...

Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 ...

As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in ...

Despite increased global electric arc furnace market share, most major steel producing nations melted less ferrous scrap last year compared with 2023.

President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a deal for Japan-based Nippon Steel to ...