Company Announcements
July 31, 2026
Written by Ethan Bernard
ArcelorMittal executives said they are eyeing a potential second EAF at the company’s Calvert, Ala., operations.
The Luxembourg-based steelmaker produced the first heat from the initial EAF at Calvert back in June 2025, and that project continues to ramp up.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Startup steelmaker Hertha Metals has secured $133.65 million in its Series A round of funding, including a $65 million equity investment from the US government.
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.