SunCoke Energy, Inc. (NYSE: SXC), a leading producer of high-quality coke for the steel industry, today announced that its Chief Executive Officer and Board member Michael G. Rippey will retire on May 15, 2024. He will be succeeded by Katherine T. Gates, the current President of the Company, who will also join the Board as…
All posts tagged steel
Aperam reports lower earnings and shipments in 2023 amid market crisis
AMSTERDAM: Aperam, a leading global stainless steel producer, announced its results for the full year and the fourth quarter of 2023, showing a decline in earnings and shipments due to the challenging market conditions. The company reported an adjusted EBITDA of EUR 304 million in 2023, compared to EUR 1,129 million in 2022, a decrease…
ArcelorMittal reports strong results for 2023 despite challenges
AMSTERDAM: ArcelorMittal, the world’s leading integrated steel and mining company, today announced its financial and operational results for the year 2023, highlighting its resilience and performance amid a challenging market environment. The Company posted an EBITDA of $7.6 billion and a net income of $0.9 billion for the year, reflecting structural improvements to profitability and…
Nel ASA joins leading players to enable fossil-free steel hydrogen facility in Sweden
OSLO, NORWAY: Nel Hydrogen Electrolyser, a division of Nel ASA, has entered into a collaboration for a fossil-free hydrogen facility in Hofors, Sweden, together with partners Ovako, Volvo, Hitachi ABB, and H2 Green Steel. The conversion to green hydrogen in the production process will reduce CO2-emissions from the facility by 50% from current levels with…
Van Elle Holdings acquires ScrewFast Foundations Limited for upto £3.68 million
LONDON: Van Elle Holdings has acquired 100% of the share capital of ScrewFast Foundations Limited, an innovative helical piling and steel modular foundations company for a maximum consideration of £3.68 million. An initial consideration of £1.76m is payable in cash on completion, with up to a further £1.92m of deferred and performance-based cash consideration payable…
Severfield plc to acquire DAM Structures Limited for an initial £17 million
LONDON: Severfield plc has entered into an agreement to acquire 100% of the share capital of DAM Structures Limited for a net initial consideration of £12.0 million payable in cash on completion, a news release said. A further maximum deferred consideration of £7.0m is payable in 2022, together with a performance-based contingent consideration of up…
EVRAZ plc
EVRAZ plc (Russian: ЕВРАЗ) is a multinational vertically integrated steel making and mining company with headquarters in London, United Kingdom. It has operations mainly in Russia, but also in Ukraine, Kazakhstan, Italy, Czech Republic, the United States, Canada and South Africa. It is listed on the London Stock Exchange and is a constituent of the…
Bisalloy signs Q&T steel products supply agreement with Leong Jin
SYDNEY: Bisalloy Steel Pty Ltd has announced the signing of a supply agreement with Leong Jin (Changzhou) Special Steel Co. Ltd through which a broader range of premium wear and structural Q&T steel products will be supplied exclusively to the Australian market to service growing customer demands and enter new market segments. Bisalloy has undertaken…
NLMK Group and Belgian SOGEPA sign agreement
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy. NBH comprises the production companies and service centers of the NLMK Europe Strip Division (NLMK La Louvière, NLMK…