Category: Steel Product Producers

After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.

Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.

Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.

Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Japan’s Nippon Steel still anticipates closing on its proposed deal to acquire U.S. Steel by the end of 2024.

Worthington Steel has named Cliff Larivey as the company’s president of flat-rolled steel processing, effective Dec. 1. He will replace Jeff Klingler, who had been performing the role for the past year.

Cleveland-based Olympic Steel announced its first acquisition of 2024, Georgia-based components manufacturer Metal Works.

Canada’ Algoma Steel has announced a change in its fiscal year end from March 31 to Dec. 31.

ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.

Russel Metals Inc.’s profit shrank during the third quarter as steel prices continued to be volatile.

Canada’s Algoma Steel swung to a steep loss in the quarter ended Sept. 30 on lower steel shipments, greater consumption of purchased coke, and weakening market conditions.

Luxembourg-based Ternium achieved record-high sales volumes in Mexico in the third quarter, reaching key milestones at its Pesqueria industrial center, the largest project in the Latin American steelmaker's history.

The negative impact of high interest rates on consumer behavior, particularly in the automotive and housing sectors, was the primary driver of the demand weakness seen across the third quarter, according to Cleveland-Cliffs executives.

Northwest Pipe’s third-quarter earnings jumped over 76% on-year as the company expects a strong finish to 2024.

Cleveland-Cliffs swung to a steep loss in the third quarter. However, it touted the recent closing of its acquisition of Stelco in its quarterly earnings report released on Monday and said steel demand should bounce back early next year.

Following three consecutive weekly increases, raw steel production in the US slipped last week to the third-lowest level recorded this year.

Ryerson chief Eddie Lehner touted the company’s buy of Monroe, Conn.-based Production Metals, which heralds the company’s entry into aerospace.

Canada’s Stelco Holdings Inc. is now officially owned by Cleveland-Cliffs Inc.

A spill of liquid steel at a Grupo Simec facility in central Mexico has killed at least 12 workers.

Olympic Steel remained profitable in the third quarter despite strong economic headwinds and pricing pressure across the steel industry.

U.S. Steel said it has produced its first coil at the Big River 2 facility in Osceola., Ark., as the company reported lower profits on-year in the third quarter of 2024.

A strong performance from its logistics segment drove SunCoke Energy’s results higher in the third quarter.

Metalformers in the US and Canada expect a decline in economic activity in the coming months, according to the recently released October Business Conditions Report from the Precision Metalforming Association (PMA). Approximately 37% of surveyed manufacturers anticipate weaker business conditions over the next three months. This rate is up from 31% in September but a […]

Cleveland-Cliffs has received all the required approvals to finalize its $2.5-billion acquisition of Canadian steelmaker Stelco Holdings Inc.

The theme of “unprecedented stability” in pricing predominated among galvanized steel buyers this month.

Cleveland-Cliffs is keeping its market price for HRC flat at $750/short ton with the opening of its December order book.

Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and cut-to-length plate with the opening of its December order book.

Ryerson swung to a loss in Q3 as it navigated a "contractionary" environment in industrial metals and manufacturing.

Australia’s BlueScope Steel has lowered its earnings guidance due to challenging conditions in the global steel industry.

Former President Donald Trump repeated his disapproval of U.S. Steel’s sale to a foreign owner in a campaign speech on Sunday.