International Steel Mills

July 6, 2023
Ternium, Tenaris Up Their Stake in Usiminas
Written by Laura Miller
Ternium and Tenaris have upped their stake in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas).
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International Steel Mills

July 6, 2023
Written by Laura Miller
Ternium and Tenaris have upped their stake in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas).
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Canada's Algoma Steel Inc. reported better than expected results for its fiscal 2024 first quarter.
Longs producer and metal recycler Gerdau reported lower second-quarter production and shipments due to several mill outages.
While Canadian integrated steelmaker Stelco remains committed to decarbonization its steelmaking operations, it has no plans to convert to electric-arc furnace (EAF) steelmaking, nor to buy an EAF steelmaker anytime soon.
South Korean steelmaker Posco has big plans to increase its global production capacity, including the making of electrical steel in North America, according to local media reports. The Korea Times reported that Posco is planning to “build additional hyper non-oriented electrical steel factories in Korea and North America to produce 1 million tons of electrical […]