Steel Product Producers
GrafTech appoints Flanagan as president and CEO
Written by Laura Miller
March 27, 2024
GrafTech International appointed Timothy K. Flanagan as the company’s president and CEO, effective March 26.
Since November, Flanagan had served as interim CEO of the Brooklyn Heights, Ohio-based electrode producer after the previous president and CEO stepped down.
Prior to that, Flanagan was GrafTech’s CFO, VP of finance and treasurer since joining the company in 2021. Before GrafTech, he served as EVP and CFO at Cleveland-Cliffs.
“After completing a comprehensive search, conducted with the assistance of a leading executive search firm, that considered both internal and external candidates, the board is confident that Tim is the right person to lead GrafTech forward to capitalize on the company’s competitive advantages and deliver long-term growth,” Henry R. Keizer, chair of the board of GrafTech, said in a statement on Wednesday.
Last month in its quarterly earnings report, GrafTech reported a reduction in production due to weak demand and pricing for graphite electrodes.
Laura Miller
Read more from Laura MillerLatest in Steel Product Producers
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.