Company Announcements
August 4, 2026
Written by Laura Miller
MagIron LLC has taken a major step forward in its quest to establish itself as the first large-scale US merchant pig iron producer.
The Gilbert, Minn.-based company completed a concept and economic study. It evaluated the development of large-scale granulated pig iron production, which would be integrated with its existing mining, processing, and pelletizing facilities.
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.
SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.
Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.
Nucor Corp. expects significantly higher earnings in the third quarter thanks to higher selling prices and stable sales volumes.
A new player is emerging in the grain-oriented electrical steel (GOES) space. Flux Steel Works announced plans to renovate and reequip a former ATI specialty steel plant in Louisville, Ohio, to produce GOES.