Category: Company Announcements

Green steelmaker Boston Metal has announced layoffs in Massachusetts as a result of an equipment failure at a manufacturing facility in Brazil.

The steel community recognizes and honors the remarkable legacy of John C. Bates, Sr., whose 60-year career helped shape Heidtman Steel and left a lasting impact on the metals industry.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $990 per short ton (st), up $10/st from last week.

Ryerson Holding Corp. posted a loss in the fourth quarter and full-year 2025. But the Chicago-based service center group struck an optimistic tone as it began integrating Olympic Steel and is seeing early signs of a manufacturing rebound.

Nucor Corp. has made an internal promotion and named the new top financial officer of the Charlotte, N.C.-based steel company.

Reliance Inc. reported record tons sold in 2025 as the company’s earnings improved in the quarter.

Australia-based steelmaker BlueScope reported higher profits in its North American operations in the first half of its fiscal-year 2026 as it remained open to bids for the overall company.

Ryerson Holding Corp. and Olympic Steel Inc. announced they have completed their blockbuster merger, boosting Ryerson’s position as the second-largest service center in North America.

The deal is expected to close Friday, Feb. 13.

Olympic Steel has named Matthew Grussing as vice president – fabrication.

Ternium SA has completed its buyout of Nippon Steel and Mitsubishi’s shares in Brazilian flat-rolled steelmaker Usinas Siderúrgicas de Minas Gerais SA – Usiminas (Usiminas).

Friedman Industries delivered a strong fiscal third quarter, posting sharp gains in sales, shipments, and margins across both its flat-rolled and tubular segments.

Plate production for the construction of the Polar Max Icebreaker is underway at Algoma’s Sault Ste. Marie facility in Ontario.  

MagIron LLC is moving to advance its DR-grade pellet and pig iron strategy. The Minnesota-based company closed on its acquisition of AHMSA's Reynolds Pellet Plant in Indiana on Dec. 31.

AZZ Inc. expects steady top-line growth and improved annual earnings, capitalizing on new capacity ramp-up and strong downstream demand.

The United Steelworkers (USW) Local 1123 has ratified a four-year labor contract with Metallus effective Feb. 5.

Sims Ltd. said on Monday it has acquired the assets of Tri Coastal Trading (TCT), Houston, for $66.5 million in cash.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $975 per short ton (st), up $5/st from last week.

GrafTech International closed 2025 with firmer sales volumes and significant cost reductions. But the graphite electrode producer remained deep in the red as global oversupply and aggressive competitor pricing continued to pressure realized prices.

ArcelorMittal’s North American operations posted lower sequential results in the fourth quarter. But with operations returning to normal in Mexico, the company expects to see a volume recovery in the first quarter.

The United Auto Workers (UAW) and Volkswagen have reached a tentative agreement covering 3,200 workers at the automaker's Chattanooga, Tenn., assembly plant.

U.S. Steel plans to restart Battery #13 at its Clairton Coke Works on Feb. 5. Battery #13 was one of the batteries hot idled since a lethal explosion at Clairton on Aug. 11, 2025.

The new president of SSAB Americas, Tom Cox, has joined the board of the American Iron and Steel Institute.

General Motors Canada has laid off ~500 workers at its Oshawa Assembly facility in Ontario, as the plant moves to two shifts of production as of Monday, Feb. 2.

O’Neal Industries (ONI) has announced changes to its top leadership. The Birmingham, Ala.-based family-owned metals service center group said the following appointments are effective immediately.

The Steel Manufacturers Association (SMA) has elected Steel Dynamics Inc.’s Barry Schneider as chair of its 2026-28 Executive Committee.

BlueScope’s new chief executive used her first public address to signal a faster, more aggressive phase for the steel company. She underscored the strength of its US operations and the rejection of a recent takeover proposal she said “materially undervalued” the business.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $970 per short ton, up $5/st from last week.

SMU interviews Worthington Steel CEO Geoff Gilmore about the recent Kloeckner & Co. buy.

SSAB Americas delivered higher shipments and a stronger operating result in the fourth quarter of 2025. The company saw firm demand in key US end markets and a solid finish to the year despite a planned maintenance outage.