Market Segment
June 14, 2022
Written by David Schollaert
SSAB and its green steel partners LKAB and Vattenfall have launched HYBRIT’s pilot facility for fossil-free hydrogen gas storage. The first-of-its-kind rock cavern storage facility is in Luleå, northeast Sweden.
The launch of the new storage concept marks the beginning of a two-year test period, which will run until 2024, the company said.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.