Category: Steel Product Producers

Current steel mill lead time averages are a few days longer than levels seen one month prior, but remain near historical lows for both sheet and plate products.

Hybar CEO David Stickler and SMU Managing Editor Michael Cowden shared a candid conversation about Hybar's ambitious plans on Tuesday morning at the SMU Steel Summit, held in Atlanta this week.

SSAB has appointed Johnny Sjöström as president and CEO of the Swedish steelmaker.

On Wednesday, Nippon Steel announced additional investments it plans to make in U.S. Steel facilities as part of its pending purchase of the iconic American flat-rolled steelmaker. The two companies still anticipate the deal’s closing by the end of this year. With an investment of “no less than $1 billion,” Nippon said it would replace […]

Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.

Whether as a guitar player in a rock and roll band or as a high-powered executive at Steel Dynamics Inc. (SDI), it’s all about the team for SDI’s Barry Schneider.

Mexican service center Aceromex has installed a new cut-to-length line in its facility in Cienega de Flores in the state of Nuevo Leon.

Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.

Zekelman Industries has bought 5% of available shares of Canada’s Algoma Steel.

Global steel output fell 5% in July according to World Steel Association’s (worldsteel) latest release. Total steel mill production around the world tallied up to 152.8 million metric tons (mt) for the month of July, the second-lowest monthly rate seen this year.

Swampy. Sticky. Mushy. Murky. These were all words galvanized buyers used this week to describe the current state of the US steel market.

Coal companies Arch Resources and CONSOL Energy announced their merger to create Core Natural Resources, a combined company with a market cap of ~$5.2 billion.

BlueScope Steel is progressing on its expansion plans for the US market. Those plans include lifting the capacity of its North Star sheet mill and setting up a greenfield metal coating facility in the Midwest.

Mill Steel Co., a supplier of flat-rolled steel and aluminum products, has named Scott Hauncher as chief financial officer.

Cleveland-Cliffs has named Michael Hrosik as senior vice president of commercial, effective immediately.

Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.

Domestic steel mill output rose last week for the second consecutive week, according to the latest release by the American Iron and Steel Institute (AISI).

Union workers at Cleveland-Cliffs’ Dearborn Works have approved a new four-year labor agreement.

Despite this summer’s “challenging near-term pricing and uncertain macroeconomic conditions,” Algoma Steel CEO Michael Garcia said the company is focusing on what it can control: operating safely, providing exceptional customer service, and successfully executing its capital programs.

Italian mill equipment provider Danieli announced a Mexican company has ordered two electric-resistance welded (ERW) tube mills from Danieli Centro Tubes.

Russel Metals has completed the acquisition of seven service center locations from Samuel, Son, & Co.

Altos Hornos de México (AHMSA) announced it is entering the third stage of bankruptcy.

Friedman Industries reported positive earnings in its 2024 fiscal first quarter ended June 30.

Specialty steel maker Metallus, formerly known as TimkenSteel, has officially begun work on a bloom reheating furnace at its Faircrest plant in Ohio.

Domestic steel mill output rose last week after falling for two straight weeks, according to the latest release by the American Iron and Steel Institute (AISI). Total raw steel mill production was estimated at 1,735,000 short tons (st) in the week ending Aug. 10. That’s up 13,000 st, or 0.8%, from the week prior. It’s […]

Shipments of heating and cooling equipment moved higher in June, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). June shipments increased 10% month on month (m/m) to 2.16 million units. This was a 7% boost over the same month last year. June represents the best monthly shipment rate year-to-date, […]

The company is in the process of being acquired by Cleveland-Cliffs in a deal valued at USD$2.5 billion.

US steel shipments fell both on-year and month over month in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Klöckner & Co. swung to a loss in the second quarter on-year, as the company expects a slip in sales for full-year 2024 because of the drop in steel prices.

Ryerson has acquired Production Metals, LLC, a Monroe, Conn.-based aluminum, stainless, and specialty steel distributor, for an undisclosed sum.