ArcelorMittal Hits Pause on German DRI-EAF Projects Amid Economic Pressures
ArcelorMittal has halted its planned DRI and EAF investments in Germany due to market instability and policy challenges, despite a €1.3 billion support package. The company will now focus on detailed planning for future electric arc furnace infrastructure at Bremen and Eisenhüttenstadt, awaiting improved economic conditions.
TS Conductor to build a $134 million plant in South Carolina to boost conductor capacity
TS Conductor will invest $134 million in a new South Carolina facility to produce advanced AECC conductors, creating 450+ jobs. Backed by DOE funding, this expansion supports U.S. grid modernization with low-sag, high-capacity carbon core cables.
India’s largest cement manufacturer plans to enter the wire and cable industry
UltraTech Cement announced a $216 million investment to enter India’s wire and cable industry, aiming to start production in Gujarat by December 2026. The company plans to leverage its manufacturing expertise and strong customer connections to deliver high-quality products for residential, commercial, and industrial sectors.
LS Cable begins construction of new submarine power cable plant in Virginia
LS GreenLink USA broke ground on a $680 million submarine power cable plant in Chesapeake, Virginia, aiming to supply the growing U.S. HVDC subsea cable market. Backed by federal tax credits, the facility will open in 2027, creating over 330 jobs and supporting LS Cable & System’s global expansion.
SubCom chosen as the cable supplier for system to be located in the Arctic Circle
Space Norway and SubCom will build the Arctic Way Cable System, a 2,350 km subsea network linking Norway, Jan Mayen, and Svalbard. Operating within the Arctic Circle, it aims to meet rising data demands and ensure continuous Arctic connectivity by 2028.