In other news, Alcoa plans to invest $65 million to expand and upgrade its Norway smelter for recycled content, and FabArc Steel Supply broke ground on its Oxford, Alabama, headquarters.
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U.S. steel and aluminum producers are expanding their operations to meet growing demand for automotive, industrial and data center projects.
Here are a few recent industry updates.
Entergy to power Hyundai Steel-Posco plant in Louisiana
Entergy has agreed to provide electric services for Hyundai Steel and Posco’s electric arc furnace mill coming to Donaldsonville, Louisiana.
Clean energy manufacturing is growing quickly in the U.S. Discover news about how clean energy manufacturing tax credits are…
The aluminum producer is expecting earnings to improve in the second quarter as it expands production capacity at its South…
Electric arc furnaces grew by 1% over the past year to comprise 34% of global capacity, as steelmakers invest in existing blast…
The new "direct reduced iron" facility at Big River Steel is part of parent company Nippon Steel’s larger $11 billion investment…
Global supply shocks spurred by the Iran war are bolstering the case for domestic production. But the plant still hasn’t secured…
Major South Korean companies Hyundai Steel and LG Energy Solution turned a profit during the second quarter, with Hyundai Steel…
