The expected dramatic rise in the number of electric cars which will replace vehicles powered by petrol and diesel has been one of the big themes in 2017. From less than 2% of sales in 2015, the number of electrified cars sold in Europe is expected to accelerate significantly over the next decade to 15%. Read more
Nucor Corporation announced today that it has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets. Read more
In Florange, eastern France, €67m will be invested in a new production line for automotive steels. This project is part of the company’s strategy to have a centre of excellence for automotive steels production in the Lorraine region: Florange and Mouzon in France, and Dudelange in Luxembourg. Read more
POSCO, which became the first in the world to introduce the "Smart Factory" to steel production processes, presented an exemplary method of using the smart technology to all group affiliates, and is beginning to spread smartization. Read more
thyssenkrupp has been honored by automaker Volkswagen with its “Volkswagen Group Award 2017”. The prize in the “Global Champion” category went to thyssenkrupp’s steering business in recognition of successful product launches and the construction of new plants in China and Mexico. Read more
In line with its strategic focus on customer segments with highest technology requirements, the voestalpine Group has decided to invest more than EUR 100 million in two future-oriented projects at its Donawitz site in Austria. One of the projects is to set up a new continuous casting line for producing extremely pure steels as a sophisticated pre-material for premium rails, quality rolled wire, and high-tech seamless tubes. Read more
A milestone for the digital transformation: thyssenkrupp connects the machinery of the materials division via a new digital platform. Thanks to toii all machines can communicate with each other. Due to predictive maintenance the platform is also supposed to forecast the necessity of machine services in the future. Read more
On June 20, WSD (World Steel Dynamics), the world's leading steel industry analysis agency, announced POSCO as the world's best steelmaker in the 32nd Steel Survival Strategies in New York with the participation of as many as 650 employees from major steelmakers, major consulting companies and market research organizations. Read more
The completion and opening of the direct reduction plant in Corpus Christi, Texas, last year marked a milestone for the voestalpine Group in its task of securing pre-materials on a long-term basis. Read more
POSCO Technical Research Laboratories completed a commercial production test of "high manganese steel using molten manganese alloy" and finally transferred the equipment and operations to the Plate Rolling Department of Gwangyang Works. The steelmaker succeeded in commercializing it and opened up a new era of high manganese steel production technology by investing a total of 55 billion won in R&D over four years that began in 2013. Read more
OJSC Magnitogorsk Iron and Steel Works ("MMK") Group plans to complete 87 environmental initiatives in 2017 with total investments estimated at around RUB 5.6 bln (USD 98.3 mln) under its Environmental Programme. Read more
ArcelorMittal Zenica has officially inaugurated three new investment projects, with a combined value of more than €12.4m, at a ceremony on Friday 10 March. Read more
Nippon Steel & Sumitomo Metal Corporation (NSSMC) was recognized as one of the world’s top 100 most innovators, by receiving the “2016 Top 100 Global Innovator Award" for the fifth consecutive year. Read more
SSAB’s, LKAB’s and Vattenfall’s initiative for a carbon-dioxide-free steel industry has gained additional support from The Swedish Energy Agency. Today the agency passed a resolution to finance a 4-year long research project for SEK 102 million. Read more
ArcelorMittal has picked up a supplier award from the world’s largest automaker, in recognition of the company’s impressive quality performance. Read more
POSCO has begun incorporating advanced AI technology into its smart factories in order to more efficiently manufacture automotive steel. This has led to a more accurate coating weight control process, higher-quality products and less waste. Read more
Baotou's Steel LCA report of rare earth steel products-steel rail U76CrRE and automobile beam steel BT610L has recently successfully passed the review by SGS. Read more
The European Commission has awarded the H2FUTURE project consortium, consisting of voestalpine, Siemens, VERBUND and Austrian Power Grid (APG) as well as the research-partners K1-MET and ECN, the contract for the construction of one of the world’s largest electrolysis plants for producing green hydrogen. Read more
NLMK USA, NLMK Group’s US-based Division, has re-started its #2 hot-dip galvanizing line in February 2017. The line, which is located at Sharon Coating in Pennsylvania, has a capacity of approximately 226,000 metric tonnes per year. Read more
ArcelorMittal has opened a new, €63m production line - the Jet Vapor Deposition (JVD) line - at its facilities in Kessales, Belgium. His Majesty King Philippe of Belgium officially inaugurated the line at an event, held today. Read more
OJSC Magnitogorsk Iron and Steel Works ("MMK", or "the Company") (LSE: MMK) today celebrates the 85th anniversary of the launch of its Magnitogorsk mill. On 1 February 1932 the mill’s first blast-furnace produced its first batch of pig iron. This date has come to be celebrated as marking the launch of MMK – one of the largest metal facilities in Russia and globally. Read more
Severstal, one of the world’s leading vertically integrated steel and mining companies, has been named the Russian steel industry leader for environmental transparency. This research was conducted by Interfax-ERA, the ecological and energy agency, ahead of the Year of Ecology in Russia. Read more
POSCO's magnesium alloy sheets are paving the way for production of lighter and more durable lightweight laptops and this is injecting new vitality to the laptop market, which has been recently undermined by tablet PCs and smartphones. Read more
POSCO China was awarded the Corporate CSR Award at the “China CSR 100 Forum” for its social responsibility programs in 2016. POSCO China was the only non-Chinese company awarded for their CSR efforts. The event was held on January 7, 2017, and attended by many prominent government officials, major media, and leading corporations in China. Read more