Amsterdam-based Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, announced today the sale of all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany to an Asian Steel Producer.  The sale comes only six months after Hilco Industrial Acquisitions, B.V. first acquired the Heavy Plate Mill from Thyssen Krupp Steel Europe. Europe's second largest steel producer, ThyssenKrupp, shuttered the Ger

Stelco Holdings Inc.  announced today that upon the terms and subject to the conditions of its previously announced substantial issuer bid (the “Offer”), the Company has taken up 10,453 additional Shares (the “Additional Shares”) that were validly deposited and not withdrawn to the Offer. The Offer expired at 5:00 p.m. (Toronto time) on September 12, 2022, and as such is now terminated. As announced in our press release issued on August 31, 2022, the Com

Tata Steel has announced that Hatch will be part of the team to deliver the hydrogen route to make green steel at its lJmuiden plant in the Netherlands. Hatch has been selected to provide the engineering for the reducing electric furnace (REF) package, which, when coupled with a direct reduced iron (DRI) plant, will enable the production of green steel using hydrogen. The hydrogen route project is part of Tata Steel’s commitment to produce steel with zero carbon emissions by 2

Cleveland-Cliffs Inc. announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula. With the successful conclusion of the second and final portion of this negotia

ExtractionTek Stainless (ETS), the First cannabis extraction manufacturer to use only domestic steel in its closed-loop machinery, announces the institution of one of three inter partes review (IPRs) petition filings with the Patent Trial and Appeal Board (PTAB) at the United States Patent and Trademark Office. Institution is based on a reasonable likelihood that at least one of the claims challenged in the IPR petition is unpatentable. The institution of the First IPR starts a one-year clock

Velo3D, Inc. , a leading metal additive manufacturing technology company for mission-critical parts, today announced that M300 tool steel, an ultra-low carbon alloy that delivers very high strength and hardness, is qualified for use in Sapphire printers. Velo3D has already seen extensive interest in the alloy from automotive manufacturers for use in high-pressure die cast inserts, injection molding, and other types of tooling. The first M300 parts printed on a Sapphire printer will be shown a

United States Steel Corporation , through its Big River Works facilities, today presented $1 million in donations to organizations in Osceola and Mississippi County, Arkansas, to help equip the community for the future by strengthening infrastructure and essential services. U. S. Steel convened a panel of local community leaders to advise the Company on where its contributions would make the greatest impact. These grants were presented today at a check-presentation ceremony on the s

Desktop Metal, Inc. a global leader in additive manufacturing technologies for mass production, today announced the launch of the Figur G15, the first commercial platform of its kind to shape standard sheet metal on demand directly from a digital design file using all-new, patent-pending Digital Sheet Forming (DSF) technology - no stamping tools, molds, dies, or presses required. While digital cutting tools are commonly used today and have delivered many benefits to the $300 bi

United States Steel Corporation  today announced the closing of $290 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation (the “Green Bonds”). Proceeds of the bonds will be used for “eligible Green Projects” within the meaning of the Green Bond Principles of The International Capital Market Association. Separately, the Company successfully repurchased approximately $300 mil

King Steel Machinery Co. Taiwanese company and German conglomerate Siemens have joined forces, in collaboration with industrial equipment supplier Ruhyih Automation, to begin integrating digital twin technologies into injection molding machines. The agreement guarantees energy and carbon reduction across the sector, incorporating energy efficiency from the beginning of the production process. Through this agreement, the three parties will help put Taiwan at the forefront of a global sustainab