JFE Steel

JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry

Retrieved on: 
Tuesday, March 26, 2024

TOKYO, Mar 26, 2024 - (JCN Newswire) - JFE Steel Corporation ("JFE Steel") and Hitachi, Ltd. (TSE:6501, "Hitachi") today announced that they have started to provide a solution (the "Solution"), which combines JFE Steel's consulting programs and Hitachi's automatic cold-rolling flatness control system, to steel companies in both Japan and overseas.

Key Points: 
  • TOKYO, Mar 26, 2024 - (JCN Newswire) - JFE Steel Corporation ("JFE Steel") and Hitachi, Ltd. (TSE:6501, "Hitachi") today announced that they have started to provide a solution (the "Solution"), which combines JFE Steel's consulting programs and Hitachi's automatic cold-rolling flatness control system, to steel companies in both Japan and overseas.
  • The JFE Group has been working to improve production efficiency and yields and drastically enhance labor productivity through the DX-driven introduction of new technologies.
  • The transfer of operators' skills is a major issue on the front lines of the steel manufacturing industry, in which a generational change is underway.
  • Building on these results, JFE Steel and Hitachi started to provide the Solution combining the two companies' strengths with a view toward addressing the issues faced by their customers in cold-rolling-based manufacturing.

Urgent need to Decarbonise Iron and Steel in the Race to Net Zero

Retrieved on: 
Wednesday, March 13, 2024

Iron and steel making is the world's largest coal consumer, the largest emitter of CO2 and second largest energy consumer among heavy industries.

Key Points: 
  • Iron and steel making is the world's largest coal consumer, the largest emitter of CO2 and second largest energy consumer among heavy industries.
  • Much of this demand will come from the wind turbines, solar panels, hydroelectric dams and electric cars, buses, and trains that the world will need to reach net zero.
  • But it also provides a huge opportunity to re-set the world's iron and steel value chains on a more sustainable path."
  • In the UK, Zero Waste Scotland's proposes using scrap steel from decommissioning oil and gas wells to supply wind turbine manufacturers.

Urgent need to Decarbonise Iron and Steel in the Race to Net Zero

Retrieved on: 
Wednesday, March 13, 2024

Iron and steel making is the world's largest coal consumer, the largest emitter of CO2 and second largest energy consumer among heavy industries.

Key Points: 
  • Iron and steel making is the world's largest coal consumer, the largest emitter of CO2 and second largest energy consumer among heavy industries.
  • Much of this demand will come from the wind turbines, solar panels, hydroelectric dams and electric cars, buses, and trains that the world will need to reach net zero.
  • But it also provides a huge opportunity to re-set the world's iron and steel value chains on a more sustainable path."
  • In the UK, Zero Waste Scotland's proposes using scrap steel from decommissioning oil and gas wells to supply wind turbine manufacturers.

JSW Steel USA to Plans to Invest at Least $119.4 Million to Bring New Jobs and Technology to Jefferson County Plant

Retrieved on: 
Tuesday, May 2, 2023

JSW representatives said they plan to exceed their $119.4 million commitment and invest up to $145 million at the Mingo Junction plant.

Key Points: 
  • JSW representatives said they plan to exceed their $119.4 million commitment and invest up to $145 million at the Mingo Junction plant.
  • The operational upgrades being made at JSW Steel USA are a progressive step toward achieving our long-term ESG goals.
  • JSW Steel (USA) Inc. and JSW Steel USA Ohio, Inc., each a subsidiary of JSW Steel Ltd and collectively referred to as JSW Steel USA.
  • JSW Steel is the only Indian company to be ranked among the top 15 global steel producers by World Steel Dynamics for 13 consecutive years since 2008.

Carbon Capture in the Steel Industry: ArcelorMittal, Mitsubishi Heavy Industries Engineering, BHP and Mitsubishi Development Sign Collaboration Agreement

Retrieved on: 
Friday, October 28, 2022

BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal's European operations, will fund the trial that is anticipated to run for multiple years.

Key Points: 
  • BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal's European operations, will fund the trial that is anticipated to run for multiple years.
  • The Smart Carbon route also allows us to integrate carbon capture and re-use (CCU) or storage (CCS) technologies, capturing carbon emitted during the steelmaking process.
  • We are therefore proud to be working with BHP, Mitsubishi Development and Mitsubishi Heavy Industries Engineering on this pioneering Carbon Capturing pilot project, in ArcelorMittal Gent."
  • Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense.

Electrical Steel Market to Surpass a Revenue of US$ 70.5 Bn by Year 2032 end Due to Ever-rising Demand for Electric Motors Across the Globe | Future Market Insights, Inc.

Retrieved on: 
Wednesday, October 26, 2022

NEWARK, Del, Oct. 26, 2022 /PRNewswire/ -- The electrical steel market is expected to grow at an opulent rate of 6.5% CAGR during the forecast period ranging from 2022 to 2032. The global electrical steel market is anticipated to reach a total worth of around US$ 37.5 Billion in 2022 with an estimated valuation to surpass around US$ 70.5 Billion by 2032.

Key Points: 
  • The grain-oriented electrical steel demand is predicted to surge at a robust pace with year-on-year growth at 5.7% CAGR in 2022.
  • The global growth of the electrical steel market is attributed to the surge in power generating and transmission projects.
  • China is expected to bolster the growth of the electrical steel market as it is emerging as a highly profitable market for electrical steel manufacturing and export.
  • As per Future Market Insights estimations, the East Asian market will continue to prevail in its dominance over the global electrical steel market over the projection period.

Electrical Steel Market to Surpass a Revenue of US$ 70.5 Bn by Year 2032 end Due to Ever-rising Demand for Electric Motors Across the Globe | Future Market Insights, Inc.

Retrieved on: 
Wednesday, October 26, 2022

NEWARK, Del, Oct. 26, 2022 /PRNewswire/ -- The electrical steel market is expected to grow at an opulent rate of 6.5% CAGR during the forecast period ranging from 2022 to 2032. The global electrical steel market is anticipated to reach a total worth of around US$ 37.5 Billion in 2022 with an estimated valuation to surpass around US$ 70.5 Billion by 2032.

Key Points: 
  • The grain-oriented electrical steel demand is predicted to surge at a robust pace with year-on-year growth at 5.7% CAGR in 2022.
  • The global growth of the electrical steel market is attributed to the surge in power generating and transmission projects.
  • China is expected to bolster the growth of the electrical steel market as it is emerging as a highly profitable market for electrical steel manufacturing and export.
  • As per Future Market Insights estimations, the East Asian market will continue to prevail in its dominance over the global electrical steel market over the projection period.

Season starts at Sebring for TOYOTA GAZOO Racing

Retrieved on: 
Tuesday, March 8, 2022

It returns to action for the six-race 2022 WEC season with TOYOTA GAZOO Racing determined to retain those crowns.

Key Points: 
  • It returns to action for the six-race 2022 WEC season with TOYOTA GAZOO Racing determined to retain those crowns.
  • As well as adjustments to the car for the new season, TOYOTA GAZOO Racing also benefits from a revised management structure.
  • Kazuki Nakajima began his role of Vice Chairman at TOYOTA GAZOO Racing Europe, the operational base of the WEC team, in January following his retirement as a race driver.
  • TOYOTA GAZOO Racing welcomes Fujitsu and JFE Steel, and extends its sincere thanks to all partners whose loyalty is vital to its success in WEC.

Westwater Resources Announces Executive Management Changes

Retrieved on: 
Wednesday, February 9, 2022

Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (Westwater or the Company), today announced the retirement of Christopher M. Jones, President and Chief Executive Officer (CEO) and member of the Board, effective February 25, 2022.

Key Points: 
  • Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (Westwater or the Company), today announced the retirement of Christopher M. Jones, President and Chief Executive Officer (CEO) and member of the Board, effective February 25, 2022.
  • The Board and entire management team extend their sincere thanks to Mr. Jones for his service to the Company.
  • I am honored and excited to assume this new role and to lead Westwater and its talented team into the future, said Mr. Potter.
  • Westwater Resources, Inc. (NYSE American: WWR) is focused on developing battery-grade natural graphite.

Global Special Steel (Gear, Bearing, Alloy, Others) Market Report 2021-2026 - ResearchAndMarkets.com

Retrieved on: 
Friday, June 4, 2021

The Global Special Steel Market was valued at USD 198.87 Billion in the year 2020.

Key Points: 
  • The Global Special Steel Market was valued at USD 198.87 Billion in the year 2020.
  • Steel demand, steel supply capacity, steel trade flows and input materials all impact the sales prices of steel products globally.
  • Asia Pacific region holds the major Special Steel market share with countries, such as China, Japan and India being the major contributors to the regional market.
  • The companies analysed in the report include Nippon Steel, Baosteel, CITIC Limited, Aichi Steel Corporation, HBIS Co. Ltd., JFE Steel Corporation, Xiwang Special Steel Co. Ltd., voestalpine AG, Daido Steel Co., Ltd, ThyssenKrupp AG, SSAB.