Market Segment
August 30, 2022
Written by David Schollaert
Canada’s Algoma Steel and the United Steelworkers (USW) Local 2251 announced they have agreed on a new labor deal after members successfully ratified the terms of the five-year collective agreement.
The bargaining committee of Local 2251 “unanimously recommended the offer,” encouraging members to vote in favor of the fair agreement.
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.