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.
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.
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.