Market Segment
February 24, 2021
Written by Michael Cowden
Algoma Steel has struck an arc at its second ladle metallurgy furnace (LMF), a move expected to increase capacity by approximately 100,000 tons per year, the company said.
The second LMF – officially No.2 LMF – has annual capacity of 2.1 million tons and complements the Canadian flat-rolled steelmaker’s No.1 LMF.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.