Category: Steel Product Producers

The future of two projects supported in part by funding through the Department of Energy remains uncertain.

Meanwhile, its Canadian operations have been hurt by the broader tariffs proposed by the United States.

Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

Cleveland-Cliffs Inc. gushed red ink in the first quarter, and pledged to stem the bleeding by idling inefficient, “loss-making operations” and increasing focus on its core automotive business.

Maximo Vedoya was awarded in recognition of Ternium’s expansion project in Pesquería, Mexico, and Ternium’s efforts to decarbonize steelmaking.

Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.

Baosteel exec comments on market rumors of 50 million tons of output being cut this year, less than 0.5% of the 1 billion tons-plus China has produced annually in recent years.

Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.

Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.

Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.

“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.

Ryerson's net loss shrinks in first quarter.

U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”

Nucor said several of its capital projects will start operations within the next year and provided an update on them.

Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.

The steelmaker now expects the new steel slab mill in Pesquería will begin operations by Q4’26.

The project will expand heat treat capacity at its Axis, Alabama plant

The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.

Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.

But profits slipped vs. last year.

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

Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.

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.

A factor in the sales was customers buying ahead of tariff-related price increases.

Coil coater AZZ Inc. sees President Trump’s aggressive trade policy stoking demand for coating solutions for steel and aluminum made in the US.

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