• Skip to main content

    Product

    March 3, 2022

    ASD Honors Lourenco Goncalves as its “Steel Executive of the Year”

    Written by John Packard

    The Association of Steel Distributors honored Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves as its Steel Executive of the Year. The honor was bestowed on Goncalves at a dinner earlier this week in conjunction with the Fabricators & Manufacturers Association conference in Miami.

    The award is designed to recognize individuals who have demonstrated the ability to be true leaders in the industry. The award was created in 1956 by ASD to recognize individuals who have made lasting contributions to the industry over a significant period of time.

    John Packard

    Read more from John Packard

    Latest in Product

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.

    Ternium plans February start for new slab mill, sees Mexico prices rising

    Ternium SA expects a modest seasonal decline in consolidated steel shipments in the fourth quarter, but sees Mexico revenue per ton continuing to rise with North American steel price trends. The outlook came as the company released its third-quarter earnings report and prepares to start steel shop production at its new Pesqueria slab mill in February. “We are seeing a strong demand in Mexico … strong demand in the US,” CEO Maximo Vedoya said on a conference call on Wednesday to discuss the quarterly earnings. Ternium reported Q3’26 net income of $368 million, compared with $465 million in Q2’26 and a $270-million loss in Q3’25.