Eighteen months into existence, ArcelorMittal Nippon Steel India (AM/NS India) reports a strong resurgence in its fortunes, booking more than $1 billion in profits amidst rising demand in the first six months of 2021. Backed by the deep pockets and persistence of ArcelorMittal […]
Metglas has commercially launched its ultra-low core loss electrical steel for use in high-efficiency distribution transformers. Development of the alloy was announced early last year by parent company Hitachi Metals and initial samples were provided to […]
Ferroglobe, a major producer of ferrosilicon used in the production of electrical steel, reports that its business has rebounded from the plummet it experienced last year at the peak of the Covid-19 pandemic. Red ink […]
Ferroglobe, a major producer of ferrosilicon used in the production of electrical steel, reports that alloy prices have remained relatively stable over the past nine months but its revenues plummeted amidst the pandemic. Based in London and […]
By Adam Thomas, Dir. NPI, Marketing & Founding Team Electrification of the automotive industry continues as automakers around the world introduce new hybrid-electric- and electric-vehicles (HEV/EV). HEV/EV battery prices, previously 6-8% of an electric vehicle’s […]
Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement with ArcelorMittal USA to acquire substantially all of its operations for $1.4 billion. The transaction will make Cleveland-Cliffs, already a leading producer of electrical steel for motors and transformers, the largest flat-rolled steel producer […]
Having closed on his company’s $3 billion acquisition of AK Steel, Cleveland-Cliffs CEO Lourenco Goncalves is wasting no time seeking change to U.S. trade policies that he says unfairly hurt the steel maker’s business as a […]
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