Category: Steel Product Producers

CMC’s earnings slid in its fiscal second quarter vs. the same period last year as the company cited seasonal issues and challenging weather conditions in several key areas.

Varsteel, a Canadian steel and pipe service center, has announced the acquisition of Pacific Steel in Laval, Quebec.

Nucor has signed an agreement with Mercedes-Benz to supply the low-carbon steel Econiq-RE at the automaker’s Tuscaloosa, Ala., plant.

As uncertainty swirls around Nippon Steel Corp.’s (NSC) proposed buy of U.S. Steel, the Japanese steelmaker continues to make assurances that it has the best interests in mind for running the iconic Pittsburgh-based steelmaker.

Radius Recycling anticipates a wider loss in its fiscal second quarter vs. the first quarter, according to preliminary results.

Eastern Metal Building Products LLC has announced the acquisition of construction products manufacturer Super Stud Building Products.

U.S. Steel expects higher earnings in the first quarter of this year vs. the previous quarter.

Strength in its flat-rolled steel operations is pushing Steel Dynamics Inc. (SDI) to guide to higher sequential earnings in the current quarter.

Nippon Steel has reaffirmed the value of its deal for U.S. Steel a day after President Biden issued a statement opposing the sale.

Nucor said on Thursday afternoon it expects higher profits in the first quarter vs. the previous quarter but lower than a year earlier.

President Biden said on Thursday that it’s “vital” for U.S. Steel to remain an American steel company.

AM/NS Calvert CEO Chuck Greene has announced his retirement as CEO, effective March 15.

Domestic production of raw steel inched higher last week, recovering after declining the week prior, according to the most recent data from the American Iron and Steel Institute (AISI).

U.S. Steel has announced an investment in Freespace Robotics, a Pittsburgh-based manufacturer of robotic storage and retrieval systems.

Jemison Metals has announced a definitive agreement to buy Advanced Metal Components Inc. The Birmingham, Ala.-headquartered supplier of flat-rolled products said the transaction is scheduled to be completed on or before March 29. Further terms of the deal were not disclosed.

At the request of Nippon Steel Corp. (NSC), the United Steelworkers (USW) union met with the Japanese steelmaker in person today to discuss Nippon's proposed acquisition of U.S. Steel.

India’s JSW Steel has selected steel industry veteran Robert Simon as CEO of JSW Steel USA.

AZZ – Precoat Metals has announced the promotion of Jeff Vellines to president of the company.

Domestic production of raw steel declined slightly last week, moving down for the first time in six weeks, according to the most recent data from the American Iron and Steel Institute (AISI).

Cleveland-Cliffs CEO Lourenco Goncalves said he blames U.S. Steel’s lack of participation in the tin mill products trade case for an unfavorable US International Trade Commission (ITC) decision.

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

The United Steelworkers union expressed a lack of trust in assurances from Japan’s Nippon Steel Corp. (NSC) regarding its proposed buy of U.S. Steel.

Domestic production of raw steel moved up again last week, improving for the fourth straight week, according to the most recent data from the American Iron and Steel Institute (AISI).

The United Auto Workers (UAW) executive board has voted to start a new “solidarity project” to support auto workers in Mexico.

Olympic Steel said it's open to future acquisitions in all three of its business segments.

Nippon Steel Corp.’s (NSC) operations in China are a potential security concern of the Biden administration, according to a Bloomberg report citing anonymous sources close to the matter.

SunCoke Energy Inc. announced the retirement of its current CEO and the appointment of a new leader on Friday.

Olympic Steel’s earnings jumped in the fourth quarter, even as the company dealt with "significant" price volatility in hot rolled for full-year 2023.

Alan Kestenbaum, the CEO of Stelco, said the company is actively evaluating ways to grow the company, including both organic and inorganic opportunities.

Ryerson swung to a net profit in the fourth quarter, though revenue declined from the same period last year.