Category: Company Announcements

U.S. Steel has confirmed the restart of the B blast furnace at its Granite City Works near St. Louis.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.

Atlas Tube, a Zekelman company, said it is expanding its Shuriken® structural nut keeper line.

Steel Dynamics Inc. (SDI) has announced that Richard “Dick” P. Teets, Jr. and Gabriel L. Shaheen will be retiring from the company’s board of directors effective as of its 2026 Annual Meeting of Shareholders on May 6.

CMC’s fiscal second-quarter earnings more than doubled on strong underlying market conditions across all its segments.

Doyle Hopper has joined Oregon Steel Mills as its new president.

The layoffs at Algoma Steel’s integrated facility went into effect today. Going forward, it will use the electric arc furnace (EAF) for producing its steel.

Nucor raised its consumer spot price (CSP) for hot-rolled (HR) coil to $1,025 per short ton (st), up $10/st from last week.

Zekelman Industries reported paying out CA$30,000 (~US$21,845) in rewards to Canadians who reported the use of foreign steel in public works projects.

Nucor expects first-quarter 2026 earnings to be higher both sequentially and on-year, with its steel mills segment logging the largest increase.

Longview, Texas-based Friedman Industries announced it will increase the building's size and add fabrication capabilities, including laser-cutting equipment.

Steel Dynamics Inc. expects a sharp jump in first-quarter earnings, driven by stronger steel and recycling margins, steady fabrication results, and continued progress at its aluminum mill.

Klockner & Co.'s North American business closed 2025 with its strongest fourth quarter on record, even as pricing and currency effects weighed on revenue. The update comes as Worthington Steel moves close to securing control of the German distributor through an ongoing public takeover bid.

Zekelman Industries said Jean-Marc “JM” Athanassiadis will take over as division president for the company’s Sharon Tube business unit in Farrell, Pa.

Nucor raised its consumer spot price for hot-rolled coil to $1,015 per short ton, up $5/st from last week.

Mexican steel trade group Canacero has elected TenarisTamsa’s Sergio de la Maza Jiménez as its new president of the board of directors for 2026-27.

Nucor Plate Group notified customers it is increasing prices on all rolled products by $40 per short ton (st) and $60/st on all heat treat products.  

Reliance Inc. announced two big US government contract wins from its wholly-owned subsidiary AMI Metals Inc.

Worthington Steel reduced its minimum acceptance threshold to 57.5% for its purchase of Kloeckner & Co.  

Tenaris has closed on its buy of a Beaver Falls scrap processing yard in Pennsylvania.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $1,010 per short ton (st), up $5/st from last week. 

Oregon Steel Mills and SSAB Americas announced higher plate prices to close out the week.

Alton Steel has announced an auction in early April following its decision for a complete closure of operations.

The Council on American Steel Trade (CAST) introduces itself as “pro-USA steel manufacturing and is led by trade experts representing every level of the American steel supply chain – from iron ore mining and integrated and mini-mills to processors, downstream steel-derivative producers, and the hardworking men and women of America’s steel workforce.”

The American Metals Supply Chain Institute (AMSCI) said increasing insurance premiums, potential vessel diversions, and contractual risk evaluations began in the global freight market as geopolitical conflict escalates in the Persian Gulf region.  

Nucor announced Wednesday the retirement of Executive Vice President of Commercial Daniel R. Needham, effective June 20.

ArcelorMittal Mexico has replaced the transformer on its No. II electric-arc furnace, increasing casting capacity by 18%.

Reuters on Monday quoted Worthington Steel President and CEO Geoff Gilmore as saying the company has alternative targets if its deal to acquire Germany-based service center group Kloeckner & Co. doesn't happen.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $1,005 per short ton (st), up $15/st from last week.

The United Steelworkers (USW) union swore in Roxanne Brown as its new international president on Sunday.