Category: Steel Product Producers

A trustee will lead AHMSA through the liquidation stage of its bankruptcy.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

After a career in steel spanning four decades, Chuck Schmitt, head of SSAB Americas, will retire next year.

“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a post on Truth Social on Monday.

“We are under constant threat from nonmarket economies who evade our trade laws," SMA said.

Weekly raw steel production has hovered in this territory for the last two months, now at the sixth lowest rate of the year.

About 23% of respondents expect an uptick in economic activity in the next three months. That’s an increase over the 13% in October.

For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.

On Monday, Nucor published new extras effective Jan, 4, 2025.

Japanese Prime Minister Shigeru Ishiba has asked that President Biden approve Nippon Steel’s $14.9-billion proposed offer to buy Pittsburgh-based U.S. Steel, according to a report in Reuters.

Contractors Steel was acquired in 2018 by UPG, a private equity firm with a portfolio of metals and logistics companies

The distributor and service center is opening a 250,000-square-foot facility in Canton, Mich.

Flat-rolled steel service center Alliance Steel has expanded into the tubular market with the launch of Alliance Tubular Products. The new Alliance division manufactures square and rectangular electric resistance welded (ERW) products and steel HSS tubing. Production has already started and will continue to ramp up next year, the company said in a statement. Alliance […]

Domestic raw steel mill production increased to a four-week high last week, according to the American Iron and Steel Institute (AISI).

Cleveland-Cliffs' Lourenco Goncalves said the company will install a new stove at Stelco’s blast furnace in Nanticoke, Ontario.

Output from steel mills around the globe totaled 152.1 million metric tons (mt) in October, the highest monthly rate recorded since July.

Nucor is holding its hot-rolled (HR) coil base price flat at $750/st for the third week in a row.

Domestic galvanized prices remain relatively rangebound despite the conclusion of the US presidential election.

Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.

Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.

Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.

Hickey Metal Fabrication has acquired laser-based metal fabricator Ohio Laser.

The Piqua, Ohio-based service center announced the retirement of its CFO and other personnel changes.

Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.

Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.

Brazilian miner Vale SA has entered into a Memorandum of Understanding (MoU) with Australia-based Cyclone Metals Ltd. to develop the Iron Bear iron ore project in Eastern Canada.

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.

Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]

Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million

Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.