Press Releases
6 October 2021
Nucor Corporation announced today the launch of Econiq™, a line of net-zero carbon steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. By introducing Econiq, Nucor is providing confidence for steel consumers to know they are purchasing the lowest greenhouse gas (GHG) emissions steel product available. A first of its kind at scale for the United States steel industry, Econiq will be available across Nucor's steelmaking
Read more...SKF is supporting the development of fossil-free bearing steel through a collaboration with Luleå University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial processes and energy systems, speeding up the development of fossil-free bearing steel. Victoria Van Camp, President, SKF Technology, says: "Mechanical components are very important to ensure the function and operation in
Read more...Steel Dynamics, Inc., one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release third quarter 2021 financial results after market close on Monday, October 18, 2021. The teleconference is scheduled to begin at 10:00 a.m. Eastern Daylight Time on Tuesday October 19, 2021 and will be hosted by Mark D. Millett, Chairman, Chief Executive Officer and President, and Theresa E. Wagler, Executive Vice President and Chief Financial Offi
Read more...The Port Commission of the Port of Houston Authority convened on Tuesday in an in-person public meeting for the first time since the pandemic's start. The Emergency Suspension of the Open Meetings Act requirements ended, and in accordance, a quorum of the Commission was physically present. Chairman Campo observed that they had masks and were properly spaced and being thoughtful of best Covid-19 protocols. He said that the hybrid public meetings will likely continue as providing
Read more...Xebec Adsorption Inc. a global provider of clean energy solutions, is pleased to announce today that it has signed a contract to supply two Hy.GEN® 150 units with a Turkey-based flat steel manufacturer. The two units will have a capacity of approximately 600 kg of hydrogen per day (220 tons per year) at 99.999% purity to create a protective atmosphere within the annealing heat-treatment process. This contract from a flat steel producer represents the first of its kind received by Xebec an
Read more...30 September 2021
The "Aerospace Bars Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering. The development of lightweight bars for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. Materials in the aerospace industry are used
Read more...30 September 2021
Harsco Corporation, a global market leader providing environmental solutions for industrial and specialty by-products, announced today that its Harsco Environmental division has successfully entered into an exclusive strategic relationship with Magsort Ltd. to bring world-leading metal recovery technology to the steel industry. Magsort has brought to market an ultrahigh energy crusher for the processing of steelmaking slags, enabling the recovery of higher value metallics. This solu
Read more...29 September 2021
Southern California Gas Co. today announced agreements that are expected to resolve substantially all material civil litigation against SoCalGas related to the 2015 Aliso Canyon natural gas storage facility leak. As a result of the agreements, SoCalGas will record an after-tax charge of approximately $1.1 billion this month. Settlement costs will not be borne by ratepayers. The first agreement is subject to obtaining roughly 97% participation among approximately 36,000 i
Read more...ArcelorMittal announces that it has signed a letter of intent with the Governments of Belgium and Flanders, supporting a €1.1 billion project to build a 2.5 million-tonne direct reduced iron (DRI) plant at its site in Gent, as well as two new electric furnaces. A DRI plant uses natural gas, and potentially hydrogen, instead of coal to reduce iron ore, resulting in a large reduction in CO2 emissions compared with blast furnace ironmaking. The two electric furnaces will melt the
Read more...28 September 2021
L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced today that it completed the sale of its steel Piling Products line of business to J.D. Fields & Company, Inc. on September 24, 2021 for approximately $24 million in total proceeds. The Company is retaining all pre-closing receivables and liabilities associated with the business. The asset sale includes all inventory held by the Company
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