Cliffs Natural Resources, in celebration of 170 years in business, has returned to its historical name Cleveland-Cliffs Inc.
"The historical name Cleveland-Cliffs is synonymous with our strong heritage and is the perfect one for our next era of growth," said Chairman, President and CEO Lourenco Goncalves.
Nucor’s Plate Group announced a $30 price increase today due to escalating raw material and input costs. Nucor will increase transaction prices on all new orders for carbon, alloy and heat-treated plate by $30 per ton, effective immediately, the steelmaker said.
The following steel mills are registered to attend this year's SMU Steel Summit Conference at the end of this month: ArcelorMittal Mexico, ArcelorMittal Dofasco, ArcelorMittal/Nippon Sumitomo Calvert, Ternium USA, Ternium Mexico, NLMK USA, Nucor,
By: Jack Bellissimo of Hubbell, Inc.
The information technology culture is growing rapidly all around us and everyday new innovations are being developed. What is it about the IT or computer science job field that is so exciting? When was the last time we took a step back and analyzed what the allure is? What are these industries doing right and what is missing within the legacy industries like steel, textiles, lumber and manufacturing?
One suggestion would be that the largest growing population based on age aka the millennials are flocking to both information tech and computer science. The legacy industries that were once considered to be the backbone of America are now being replaced with software, touch-screens and virtual-reality glasses. Without question the steel industry is suffering from not being able to hire, retain and grow fast enough to compete with the high-tech companies like Google, Apple, Facebook, Uber, or Netflix.
Like in the United States, steelmakers in the European Union are using their trade laws to fight back against steel imports that are unfairly subsidized by the governments in China and other countries. On Aug. 9, the European Union imposed provisional import duties of up to 28.5 percent on certain Chinese corrosion-resistant steels.
Nucor Corporation announced today that it will acquire St. Louis Cold Drawn, Inc., a manufacturer of cold finished steel bar. The company's cold drawn rounds, hexagons, squares, and special sections serve the U.S. and Mexican automotive and industrial markets and will add to Nucor's value-added product portfolio.
Houston-based Triple-S Steel Holdings has completed its acquisition of Arbor Metals, a Dallas service center specializing in slitting of narrow carbon, stainless and nickel alloy materials.
The company, which will operate as part of the Triple-S specialty metals group, employs about 40 people under the leadership of Jack Matheson.
CENTRIA, an industry leader in architectural metal wall and roof systems, announced the promotion of Jeff Peskowitz to Manager of Product Management. Peskowitz, who joined CENTRIA in 2015, will be responsible for all product management activities and cross-functional collaboration with sales, operations, brand marketing, engineering and research and development.
Steel Market Update (SMU) regularly receives questions from those who have already registered to attend our SMU Steel Summit Conference, as well as those who are contemplating attending (there is still time and space). In order to help both groups, here are some of the Frequently Asked Questions about our conference:
General Conference Questions
Q: When do I need to arrive in Atlanta?
A: The ATL airport is 10 minutes away by SkyTrain. Our conference begins on Monday, Aug. 28, at 2 PM ET in the Atlanta Airport Marriott Gateway Hotel. This is the first stop on the SkyTrain prior to going to the car rental station.
Q: What is the dress code?
A: Business casual. We recommend company logo golf shirts as networking is a big part of any SMU conference.
Q: Where is “the best place to be” on Monday and Tuesday evenings?