This Morning in Metals: U.S. Steel to Restart EAF Construction

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Pavel Ignatov/Adobe Stock

This morning in metals news, U.S. Steel announced the restart of construction on an electric arc furnace (EAF) facility, a new £35 million research network aims to make the U.K.’s steel sector carbon-neutral and the latest on the Thyssenkrupp-Tata joint venture.

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An EAF Restart

U.S. Steel announced Monday that it would restart construction on an EAF facility in Fairfield, Alabama.

Per the steelmaker’s announcement, completion of the construction is expected to cost $215 million and will add about 150 jobs.

Research Network Aims for Carbon-Neutral U.K. Steel Sector

A new research network aims to make the U.K.’s steel sector carbon-neutral by 2040, according to the BBC.

Per the report, Swansea, Sheffield and Warwick universities will work together in a £35 million project in an effort toward the carbon-neutral goal.

A Warning for Thyssenkrupp-Tata

As the proposed Thyssenkrupp-Tata Steel joint venture is analyzed by Europe’s competition authorities, one report offers not-so-positive news for the firms.

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According to Reuters, the companies will be warned this week that their joint venture — which would create Europe’s second-largest steelmaker — could be vetoed by Europe’s antitrust regulators unless they offer concessions.

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