Company Announcements
December 19, 2025
Written by Michael Cowden
Independent service center Promet Steel Inc. has acquired Heidtman Steel Products’ facility in East Chicago, Ind. Terms of the deal, which closed on Dec. 15, were not disclosed.
Frankfort, Ill.-based Promet said the acquisition would boost its footprint in the Midwest, bolster its flat-rolled steel processing capabilities, and further its goal of regional growth.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Mesabi Metallics is considering building a direct-reduction iron (DRI) plant as its Minnesota Iron Range iron ore mine and pellet plant begin startup, according to local reports.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.