Category: Mills

Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.  

Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

GrafTech International reported a wider net loss in the first quarter amid “global economic uncertainty” and “fluid” global trade policies.

Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

The US subsidiary of the Acerinox Group has named Clive Grannum as their new CEO.

SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.

South Korea’s POSCO is eyeing linking up with Hyundai Steel in the project to build a steel plant in Louisiana, according to media reports.

The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."

Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets

Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.

The Canadian steelmaker said its absorbing higher tariffs as it moves forward.

Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”

Ancora’s intention to replace U.S. Steel's leadership was first announced in late January.

President Trump has ordered a new review of Nippon Steel’s proposed buy of U.S. Steel, to be completed within 45 days.

Chad Utermark, executive vice president of new markets and innovation, plans to retire effective June 7.

It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.

As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.

The welded tube maker is closing its only manufacturing facility in Canada after serving the Canadian market for over 35 years.

February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.

The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.

Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.

Raw steel mill output declined last week for the second-consecutive week, according to the American Iron and Steel Institute (AISI).

South Korea’s Hyundai has formally announced a nearly $6-billion investment to build a steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.

Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

The temporary measures “are necessary to re-balance working capital needs and consume excess pellet inventory produced in 2024,” Cliffs told SMU.

Nucor anticipates showing an earnings decline when it releases its full first-quarter earnings report on Monday, April 28.

The Pittsburgh steelmaker expects to see increasing volumes from both Big River Steel and Big River 2.

CMC’s earnings tumbled in its fiscal second quarter on seasonal weakness and continued shakiness in the wider economy.