Category: Company Announcements

Nucor said on Monday, Aug. 24, that its CSP for hot-rolled coil will be $1,180 per short ton (st) for the week, a $10/st increase from a week earlier.

Cleveland-Cliffs said the US Department of Energy has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment. The framework rescopes the previously awarded $500 million DOE grant.

Ahmsa’s steelmaking assets and its Minosa mining assets in northern Mexico will be sold together as a single productive “as-is” unit on the morning of...

BlueScope’s North American operations posted a sharply stronger 2026 fiscal year, driven by wider spreads at North Star and steady gains across Buildings and Coated Products (BCP).

Algoma Steel Inc. has halted its electric-arc furnace (EAF) in Sault Ste. Marie, Ontario, after an unplanned outage at its Lake Superior Power (LSP) plant.

Nucor said on Monday, Aug. 17, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,170 per short ton (st) for the week, a $10/st increase from a week earlier.

Ford Motor Co. announced it will reshore production of Lincoln-brand vehicles as part of its commitment to American manufacturing. The Dearborn, Mich.-based automaker said it will phase out the importation of vehicles from China for the US market and increase domestic Lincoln production starting in 2030.

The investment in St. Joe, Ind., will add capabilities to produce steel grating products. The Charlotte, N.C.-based steel company expects the investment to create 20 new full-time jobs. Those are in addition to the over 300 workers currently employed there.

NEMO Industries has chosen Tenova as the technology provider for its planned direct-reduced iron (DRI) ENERGIRON plant in Louisiana.

Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.

Lindsay Goldberg, a private investment firm specializing in family-owned and founder-led businesses, will make a significant strategic investment in Alro Steel.

Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.

Cleveland-Cliffs (Cliffs) and the United Steelworkers (USW) labor union plan to discuss capital expenditures (capex) as part of their ongoing master contract negotiations.

The US-flag Lake Carriers Association reported steady iron ore trade on the Great Lakes in July.

The Longview, Texas-based flat-rolled processor and pipe manufacturer reported 206,000 short tons of shipments in the quarter, an increase of 28% from a year earlier.

Gerdau reported stronger results from its North American operations in the second quarter, with EBITDA up 15% from the prior quarter on firm demand and high asset utilization.

Recent master contract negotiations between the United Steelworkers (USW) and U.S. Steel (USS) highlight workforce safety measures.

SPS Companies has acquired Jemison Metals, a carbon flat-roll service center and fabricator headquartered in Birmingham, Ala., from Jemison Investment Company.

June US steel mill shipments jumped 4.8% from May and 8.7% from June last year.

US anti-dumping and countervailing duties (AD/CVDs) on light-walled rectangular pipe and tube from four countries will remain in place for another five years after a key injury determination.

SDI has promoted Theresa Wagler, presently EVP and CFO, to president and CEO, effective Jan. 1, 2027. Mark Millett will retire and transition to executive chairman of the board.

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 US manufacturing sector picked up steam in July, with the Institute for Supply Management's Manufacturing PMI rising 2.3 points in July.

SunCoke Energy's second-quarter financial report showed strong sequential and year-over-year improvements.

Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.

ArcelorMittal executives said they are eyeing a potential second EAF at the company’s Calvert, Ala., operations.

Algoma’s CEO touted the company’s plate production and its focus on the Canadian market.

U.S. Steel has flagged job loss among its concerns with a proposal presented by the Gary Common Council in Indiana.

Algoma Steel narrowed its earnings loss by 13.2% in the second quarter as the company's electric-arc furnace (EAF) steelmaking ramped up further.

Ryerson's profits skyrocketed in the second quarter as company executives touted the initial results following the integration of Olympic Steel.