Company Announcements
February 4, 2026
Written by Laura Miller
The new president of SSAB Americas has joined the board of the American Iron and Steel Institute (AISI).
Tom Cox assumed the position of head of SSAB Americas on Feb. 1. He takes the helm from Chuck Schmitt, who is retiring. Schmitt was an AISI board member from 2011, having served as chairman of the board in 2015 and 2016.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
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.
Startup steelmaker Hertha Metals has secured $133.65 million in its Series A round of funding, including a $65 million equity investment from the US government.
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.