In a 7-year contract for 2 TWh per year, Norwegian Statkraft will supply renewable electricity to H2 Green Steel’s operations in Boden, Sweden (price area SE1). In this new power purchase agreement with Statkraft, H2 Green Steel secures a long-term yearly supply of renewable electricity produced in the period 2026-2032. The delivery includes Guarantees of Origin for renewable energy, sourced from Statkraft’s hydropower plants in Northern Sweden. In the first ph

The new slitter will allow the site to process coils of steel delivered from its Port Talbot steelmaking site, itself. Currently, wide steel slabs are slit in Port Talbot before being rolled and sent to Hartlepool to be turned into steel tubes, which are then used in a wide range of products such as agricultural machinery, sports stadiums, steel-framed buildings and the energy sector. All of the steel products made at the Hartlepool site are 100% recyclable. The project is

Today, Reuters Events is proud to announce our partnership with Metal Packer ahead of our upcoming flagship meeting for the hard-to-abate industries - Industry Transition 2022 (September 29-29, San Diego). Leaders across multiple verticals such as mining, metals, materials, transport as well as government officials will share operational, investment and portfolio options they have used to set an actionable climate strategy and ambitious targets. Notable speakers confirmed so far inc

Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals, held a groundbreaking ceremony on June 1 for its new 900,000-square-foot state-of-the-art facility – a service center facility and headquarters for its wholly-owned subsidiary, Central Steel & Wire ("CS&W"). Located in University Park, IL (a southern suburb of Chicago), the new facility will provide over 300 jobs and will feature expanded bar and tube processing equipment

Origami Solar, developers of a patent-pending steel frame for solar modules that lowers cost and improves performance and value, announces new research findings that indicate Origami’s solution can reduce solar module production embodied GHG emissions by 87% over the industry’s ubiquitous aluminum frames. The report, released today by Boundless Impact Research and Analytics, underscores the critical role domestic steel sources can play in rebuilding and securing domestic PV module

Alcoa Corporation announced today that it is supplying low-carbon EcoLum™ aluminum to Hellenic Cables S.A., one of the largest cable producers in Europe with key markets in renewable energy transmission and distribution. Hellenic Cables, the cables segment of Cenergy Holdings, operates five manufacturing plants across three countries and manufactures power, telecommunication, and submarine cables, and compounds. The EcoLum brand is part of Alcoa’s Sustana&trade

Alfa Laval has signed an agreement with SSAB, the global Swedish steel company, to collaborate on the development and commercialization of the world's first heat exchanger to be made using fossil-free steel. The goal is to have the first unit made with hydrogen-reduced steel ready for 2023. The collaboration is also an important step in Alfa Laval's journey to become carbon neutral by 2030. Global steel production accounts for 7 percent of the world's carbon emissions. W

United States Steel Corporation today announced that it has completed an amendment and restatement of the company’s $1.75 billion asset-based sustainability-linked credit facility (the “ABL”). The ABL maturity has been extended to 2027 and contains targeted sustainability key performance indicators (KPIs) related to carbon reduction, safety performance and facility site certification by ResponsibleSteelTM. The ABL will incur positive or negative pricing adjustments

Commercial Steel Products LLC (CSP) has acquired Ace Steel Supply Inc. (Ace) in a stock purchase agreement. This acquisition is an alignment of mutual strategic interests between the two privately held steel companies. Thomas Sfikas, President of CSP, commented that the intent of the acquisition is to improve each company’s capabilities in better serving customers. “We see the purchase of Ace Steel Supply as an integral step in our continued growth and success providing

Ampco-Pittsburgh Corporation announced the filing of a Tender Offer and Prospectus Supplement (the “Offer”) with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to which the exercise price of each tendered Series A Warrant of the Corporation (each a “Series A Warrant”) is being temporarily reduced. Each Series A Warrant is exercisable for 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock&r