Company Announcements
June 24, 2026
Written by Laura Miller
U.S. Steel announced a fresh ~$475 million investment for its Fairfield Tubular Operations in Alabama.
The investment will install a new quench-and-tempering line at the 750,000-short-ton-per-year facility. The Q&T line is expected to reach full production by the second quarter of 2029.
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.
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.