Electric arc furnace

Nextracker Launches Industry’s First Low Carbon Solar Tracker Solution

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星期二, 四月 23, 2024
Software, Utilities, Environment, Alternative Energy, Energy, Data Management, Technology, Green Technology, Carbon, ACP, Solar energy, LCA, Electricity, Research, Water, Carbon footprint, Life-cycle assessment, Coal, Growth, Basic oxygen steelmaking, Documentation, Steel, NXT, Horizon, Minneapolis Convention Center, Multimedia, Aluminium, Carbon accounting, NX, Supply chain, Electric arc furnace, EAF, Renewable energy

Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, today announced the availability of its flagship NX Horizon ™ solar tracker system with up to 35% lower carbon footprint.

Key Points: 
  • Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, today announced the availability of its flagship NX Horizon ™ solar tracker system with up to 35% lower carbon footprint.
  • Nextracker also achieved the Carbon Trust 1 Product Carbon Footprint label certification for its NX Horizon low carbon solar tracker system demonstrating it has met the global standard for carbon emission data collecting, evaluation and reporting methodology throughout the life cycle of its solar trackers.
  • “Our low carbon tracker delivers measurable results in decarbonizing solar power through circular and increasingly renewably powered steelmaking, optimized logistics, and careful selection of raw material providers,” said Dan Shugar, Nextracker founder and CEO.
  • “We appreciate our customers helping us drive toward a cleaner, more robust supply chain to provide third-party verification for providers and consumers of solar power to meet their Scope 3 and other decarbonization goals and requirements.”
    Nextracker secured initial orders for its newly launched NX Horizon low carbon tracker from several solar customers–both have committed to reduced carbon solar tracker systems for their U.S.-based solar power projects.

U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama

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星期一, 四月 22, 2024
Administration, DOE, CMO, MTS, Investment, Heart, IRS, Carbon, Growth, Original equipment manufacturer, ArcelorMittal, Environment, Engineering, Society, Steel, GHG, Inflation, Multimedia, Mining, CO2, Electric arc furnace, IRA, Renewable energy

"We are extremely pleased to be selected by the IRS and DOE as a recipient of the 48C investment tax credits to produce electrical steels that will help our customers – particularly automotive OEMs -- in their electrification journey, and to help reduce CO2 emissions in the environment.  Expanding U.S. NOES production will support the goal of having 50% of all new vehicle sales be electric by 2030," said John Brett, CEO, ArcelorMittal North America.   

Key Points: 
  • The U.S. Department of Energy (DOE) defined electrical steel as a critical material for energy as part of its 2023 Critical Materials Assessment.
  • The 48C program, which provides a tax credit of up to 30% for investments in advanced energy projects, is designed to support secure and resilient domestic clean energy supply chains.
  • "The planned facility aims to significantly reduce the U.S.'s dependency on NOES imports," says Peter LeBlanc, CMO, ArcelorMittal North America.
  • With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.

Algoma Steel Provides Fiscal Fourth Quarter 2024 Guidance

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星期一, 三月 25, 2024
STE, Adjustment, TSX, Electric arc furnace, ASTL, EAF, Coal

MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2024.

Key Points: 
  • MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2024.
  • Fiscal 2024 fourth quarter total steel shipments are expected to be in the range of 445,000 to 460,000 tons and Adjusted EBITDA is expected to be in the range of $30 million to $40 million.
  • As previously announced, during the quarter Algoma experienced an unplanned outage at its blast furnace in connection with a utility corridor collapse at its coke-making facility.
  • It is expected that the resultant outage reduced production by 120,000 to 150,000 net tons, significantly impacting Adjusted EBITDA performance in the quarter.

ArcelorMittal Dofasco publishes Environmental Product Declarations (EPDs) for XCarb™ recycled and renewably produced steel, the lowest embodied carbon sheet steel available in the North American market

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星期一, 三月 18, 2024
ArcelorMittal, Electricity, Steel, Carbon accounting, GHG, Dofasco, Rating scales for depression, Environmental Product Declaration, Direct reduced iron, Life-cycle assessment, LCA, Carbon, EPD, CO2, RRP, ISO, DRI, Electric arc furnace, EAF, Tissue paper

HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.

Key Points: 
  • HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.
  • "This is another example of our commitment to delivering innovative and sustainable steel products for our customers who are striving to lower GHG emissions in their products."
  • The Environmental Product Declarations (EPDs) are compliant with ISO 21930, ISO 14025 and the applicable North American PCR standards.
  • The EPD's, for cold formed sections, corrugated steel pipe, hollow structural sections, steel cladding and roofing, and steel deck are available online at XCarb™ - Recycled and renewably produced products | ArcelorMittal .

Arc Welding Robots Market to increase by USD 708.44 million during 2022-2027; Growing popularity of industrial robots in APAC to drive the growth - Technavio

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星期二, 一月 16, 2024
MIG, KUKA, TIG, Consumables, ARC, Electric arc furnace, Electronics, Robotics, Growth, Arc, Automotive industry, Welding, EAF, 3D, ABB, Industrial, Teradyne, USD, YOY, Industrial internet of things, Free, Machine learning, Renting, Nature, Midea Group, Foundry

NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The arc welding robots market size is expected to grow by USD 708.44 million between 2022 and 2027.

Key Points: 
  • NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The arc welding robots market size is expected to grow by USD 708.44 million between 2022 and 2027.
  • The growing popularity of industrial robots in APAC drives market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • View a Free PDF Sample
    The report recognizes the following as some of the key players in the arc welding robots market: ABB Ltd., Arrowtek Robotic Pvt.

Algoma Steel Provides Fiscal Third Quarter 2024 Guidance

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星期三, 一月 3, 2024
UAW, TSX, Electric arc furnace, STE, Adjustment, ASTL

MARIE, Ontario, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter ending December 31, 2023.

Key Points: 
  • MARIE, Ontario, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter ending December 31, 2023.
  • Fiscal 2024 third quarter total steel shipments are expected to be around 515,000 tons and Adjusted EBITDA is expected to be in the range of $(10) million to breakeven.
  • Due to the lagging nature of our order book, UAW strike-driven soft demand and pricing in the previous quarter and through October impacted our fiscal third quarter results.
  • We expect this pricing strength, coupled with continued solid market fundamentals, to drive significantly improved realized pricing and overall fiscal results starting with our fiscal fourth quarter,” Mr. Garcia concluded.

European Green Steel Market Report 2023: Scope 3 Emissions Reduction Goals and End-user Demand Drive Growth - ResearchAndMarkets.com

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星期三, 十一月 15, 2023
Environment, Manufacturing, Alternative Energy, Green Technology, Energy, Steel, SSAB, Iron, Carbon, Coal, MOE, Plant, Hydrogen, Investment, Tata Steel Europe, GFG Alliance, Voestalpine, ArcelorMittal, ThyssenKrupp, Salzgitter, Partnership, Growth, Climate change mitigation, EAF, Electric arc furnace, DRI, Satellite navigation device, Renewable energy, Rare-earth element, Electronics, Tenaris

The "European Green Steel Market: Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering, providing valuable insights into the European green steel market, with an overview of the industry's dynamics, trends, challenges, and growth drivers.

Key Points: 
  • The "European Green Steel Market: Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering, providing valuable insights into the European green steel market, with an overview of the industry's dynamics, trends, challenges, and growth drivers.
  • Green steel demand is driven by two primary factors: Scope 3 emissions reduction goals and end-user demand.
  • Key Players: The European green steel market is led by key players such as ArcelorMittal, ThyssenKrupp, Salzgitter, SSAB, Tenaris, Tata Steel Europe, Swiss Steel Group, Vanir Green Industries, GFG Alliance, Voestalpine AG, and H2 Green Steel.
  • The "European Green Steel Market: Insights and Forecast (2023-2028)" report offers a comprehensive overview of the market's dynamics, challenges, and growth drivers.

Sustainability Revolution in Steelmaking: Exploring Europe's Fastest-Growing Green Steel Market

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星期一, 十一月 20, 2023
SSAB, Iron, Carbon, MOE, Steelmaking, Plant, Hydrogen, Investment, Steel, ArcelorMittal, Climate change mitigation, EAF, Electric arc furnace, DRI, Coal, Renewable energy, Electronics, ThyssenKrupp

Europe's green steel market is expected to reach US$76.97 million by 2023, growing at a CAGR of 75.24% during the forecast period.

Key Points: 
  • Europe's green steel market is expected to reach US$76.97 million by 2023, growing at a CAGR of 75.24% during the forecast period.
  • The outlook for green steel demand has positively surprised over recent years with a larger range of end users than projected.
  • Green steel market demand in Europe is expected to reach 3.68 million tonnes in 2023.
  • The European green steel market is concentrated with SSAB, Salzgitter and ArcelorMittal as best positioned, in Europe.

Global Electric Arc Furnace (EAF) Stainless Steel Market Report 2023-2029: Duplex Steel Demand Set to Surge - The Sustainable Solution Meeting Industrial Needs - ResearchAndMarkets.com

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星期四, 九月 7, 2023
Machine Tools, Metalworking & Metallurgy, Manufacturing, Steel, Electric arc furnace, Urbanization, Sulfur, Electricity, Research, AC, Recycling, Carbon, Stainless steel, Nitrogen, USD, Ship, Plant, EAF, BOF, Climate change, Mining, Basic oxygen steelmaking, Growth, Edition, Transport, Greenhouse, Air pollution, Coal, Foundry, Duplex

The Global Electric Arc Furnace (EAF) Stainless Steel Market is expected to grow in the forecast period and register a market value of USD 159.42 Billion in 2029 at a CAGR of 11.53% during the forecast period.

Key Points: 
  • The Global Electric Arc Furnace (EAF) Stainless Steel Market is expected to grow in the forecast period and register a market value of USD 159.42 Billion in 2029 at a CAGR of 11.53% during the forecast period.
  • Duplex and Super Duplex Stainless Steel is a versatile stainless-steel grade whose product are used by various industry to enhance their product quality and durability.
  • The surge in global demand for duplex grade steel is driven by its superior corrosion resistance, high strength, toughness, cost-effectiveness, and increasing adoption in key industrial sectors.
  • Furthermore, the growing focus on sustainability and environmental regulations has contributed to the adoption of the EAF stainless steel production method.

CHAR Technologies Announces C$6.6M Strategic Investment by ArcelorMittal and Annual Biocarbon Purchase Agreement

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星期三, 七月 5, 2023
Electric arc furnace, Treasury, Indian stock exchange, Partnership, TSX Venture Exchange, Dofasco, Fund for Protection of Investors' Rights in Foreign States, ArcelorMittal, GHG, Research, Strategic Innovation Fund, Carbon, Sale, Coal, Blast furnace, Natural gas, EAF, History of the iron and steel industry in the United States, Pyrolysis, The Blast Furnace, News, CHAR, Iron ore, Security (finance), Cryptocurrency

CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.

Key Points: 
  • CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.
  • ArcelorMittal’s investment in CHAR marks the Fund’s seventh global investment and first ever in a Canadian company.
  • The XCarb® Innovation Fund investment will be utilized to maximize the impact of the Canadian and Ontario governments’ December 2022 investment of C$12.8M in CHAR.
  • In the future, ArcelorMittal may, from time to time, increase or decrease its investment in CHAR through market transactions, private arrangements, treasury issuances or otherwise.