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Nucor’s board of directors has approved a $290 million investment to modernize its sheet mill in Crawfordsville, Indiana, through the installation of a construction-grade continuous galvanizing line and pre-paint line, the US-based steelmaker said Feb. 1. The continuous galvanizing line will have a capacity of 300,000 st/year while the pre-paint line will have an annual […]

President Joe Biden Jan. 28 reinforced the need for the US to domestically source its raw materials and focus on bridge upgrades as part of the $1.2 trillion infrastructure funding package that was signed last November. “To build a truly strong economy, we need a future that is made in America, and that means using

Sweden-based steel producer SSAB plans to invest around SEK 45 billion ($4.75 billion) to transform all its production in the Nordic region to electric arc furnaces powered by fossil-free energy in the next ten years to accelerate its green transition and largely eliminate its CO2 emissions by 2030, it said Jan. 28 in a statement.

Most near-term scrap futures contracts on the London Metal Exchange saw strong gains over the week to Jan. 27, while trading volumes jumped on the week. Platts assessed the January scrap contract down $1.75/mt to $468/mt Jan. 27, while the February contract rose $6/mt week on week to $472/mt. The March contract gained $7.50/mt to

The recent reemergence of resource nationalism in Indonesia has sparked price gains in several commodities and raised global supply concerns. A renewed emphasis on ensuring low domestic raw material prices and developing higher value-added downstream industries is expected to further drive price volatility in sectors such as coal, LNG, metals and agriculture. The country is

Canadian battery metals developer The Metals Company has its first vessel for deep sea polymetallic nodule collection on the water and is planning to start harbor tests in February and deep-water tests in the North Atlantic later in the first quarter of 2022, the company told S&P Global Platts Jan 27. The company is exploring

The Russian lead business community said the inclusion of the metal in the country’s hazard waste management reform overlooks the high market value of reclaimed lead and effectively bans a well-functioning infrastructure that already ensures 100% of spent lead batteries being collected and utilized. A dozen Russian lead and lead battery manufacturers signed a letter

An explosion near a petrochemicals storage tank occurred Jan. 26 at Westlake Chemical’s complex in…

Li-Cycle has formed a joint venture with ECO STOR and Morrow Batteries to build a…

US sheet mills were stuck facing the prospect of lower service center contract business in…