The company hopes to invest an additional $5 billion across two additional phases, for a total capital investment of $8 billion over 15 years. The company is expected to create 350 permanent jobs in ...

Nippon Steel Corp. and Kobe Steel Ltd. have started construction of a plant that will be capable of recycling steel mill dust into direct reduced iron. The two companies have decided to carry out the ...

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Finland-based Metso Corp. has opened a direct-reduced iron (DRI) smelting furnace pilot facility in Pori, Finland. The company says the new facility will allow customer-specific pilot-scale testing to ...

MONTREAL, Nov. 25, 2024 /PRNewswire/ - Strategic Resources Inc. (SR:CA) (the "Company" or "Strategic") is pleased to announce that it has signed definitive agency agreements (the "Offtake Agreements") ...

OSCEOLA, Ark. (KAIT) - U.S. Steel is building a new plant in Osceola. According to our content partner, Talk Business & Politics, the company announced it will build a direct reduced iron plant on the ...

LONDON--(BUSINESS WIRE)--Rio Tinto has entered into definitive agreements with GravitHy, an early-stage industrial company, to help accelerate GravitHy’s steel decarbonisation project in France. As ...

China has officially put into full operation its first million-tonne near-zero-carbon steel production line in Zhanjiang City, Guangdong Province. This facility, operated by Baowu Steel, reached full ...

The government is seeking ways to accelerate the commercialization of hydrogen-based direct reduction ironmaking technology by supplying hydrogen to POSCO at a lower price. It is seen as a move to ...