【SMM Steel】Tenaris completed the acquisition of the Beaver Falls scrap processing yard in Pennsylvania, now operated by its subsidiary Steel Recycling Services. The 39-acre site adjacent to its Koppel plant will improve coordination between scrap processing and steel production, feeding its EAF directly. Tenaris, a leading steel pipe supplier with $12bn revenue in 2025, operates globally with ~25,000 employees. This acquisition strengthens its US footprint.

The world focus on sustainability is growing across the board, and the ferrous metals sector, a cornerstone of modern infrastructure and industry, is not exempt. From production at the raw material level of extraction through end product manufacturing in steel, environmental factors and the demand for a greener economy are precipitating radical changes.

In 2024, before the US presidential election is settled, the metal market may be intermittently disturbed. The "Trump trade" once surged, causing the metal market to lose its luster. However, after the first debate in Hartford, the "Trump trade" cooled down, which also revitalized the metal market.

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Volvo Cars recently held a tripartite signing ceremony with Beijing Shougang Co., Ltd. and Zhejiang Yiyun Renewable Resources Co., Ltd. to optimize the entire chain of automobile steel production, usa...

From December 6-8, 2023, the "2023 National Scrap Steel Conference" and the "Sixth Expanded Meeting of the Seventh Session of the China Scrap Steel Application Association" were held in Xiamen. Discussions focused on industry trends and key issues, offering insights and direction for the scrap steel sector and its businesses amid current conditions.