Company Announcements
August 21, 2026
Written by Ethan Bernard
Cleveland-Cliffs said the US Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for a major investment at its Middletown Works in Ohio. The framework rescopes the previously awarded $500 million DOE grant.
The Cleveland-based steelmaker hosted Vice President J.D. Vance on Friday to discuss the project.
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.
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.