- In February 2024, Germany-based Hydro revealed plans to invest EUR 180 million in a new aluminum recycling plant in Torija, Spain. The facility will have a 120,000-ton capacity, recycling 70,000 tons of old scrap annually. It aims to supply secondary aluminum billet to key European industries, including automotive, transportation, construction, renewable energy, and consumer durables
- In November 2023, ArcelorMittal and Schneider Electric announced a strategic partnership to advance sustainable manufacturing. Under this collaboration, ArcelorMittal will supply XCarb recycled and renewably produced steel for Schneider Electric’s electrical cabinets and enclosures. Produced at ArcelorMittal’s Sestao, Spain facility, this steel incorporates a high proportion of recycled material and is powered by 100% renewable electricity, significantly reducing CO₂ emissions. The initiative aligns with Schneider Electric’s commitment to sustainability and innovation in energy management.
- In October 2023, Nucor Corporation’s recycling subsidiary, River Metals Recycling (RMR), successfully acquired all assets of Cincinnati-based Garden Street Iron & Metal. This strategic move expanded RMR’s recycling network to 19 facilities, incorporating one feeder and one shredder yard. The acquisition aligns with Nucor’s raw materials strategy, reinforcing its commitment to sustainable steel production. By integrating Garden Street’s operations, RMR enhances its ability to supply high-quality recycled materials, supporting regional steelmaking efforts.
- In July 2023, CMC announced that it had secured a permit from the West Virginia Department of Environmental Protection, allowing the initiation of construction for its fourth advanced micro mill. This milestone marks a crucial step in the Steel West Virginia micro mill project, reinforcing CMC’s commitment to innovation and sustainable steel production. With the permit granted, the company can proceed with its plans to enhance manufacturing capabilities and meet growing industry demands. The facility is expected to contribute significantly to regional economic growth
- In January 2023, ArcelorMittal completed the acquisition of Riwald Recycling, a leading ferrous scrap metal recycling company in the Netherlands, as part of its decarbonization strategy. This move strengthens its commitment to sustainable steel production by securing access to high-quality recycled materials. Additionally, ArcelorMittal acquired Italpannelli Germany, a German insulation panel manufacturer, expanding its geographic presence and enhancing the product portfolio of its Downstream Solutions construction division. These acquisitions align with the company’s broader sustainability goals and market expansion efforts
