Category: Steel Product Producers

Algoma Steel Group has extended its iron ore purchase agreement with U.S. Steel for another two years.

Cleveland-Cliffs has signed a non-disclosure agreement with U.S. Steel as the latter continues with its strategic review sales process.

A UAW strike at Mack Trucks was avoided this week when a tentative labor agreement was reached.

Olympic Steel has acquired Conway, Ark.-based Central Tube & Bar (CTB).

Algoma Steel Inc. plans to ramp up production at its modernized plate mill toward the end of the year. Operations Update The Canadian sheet and plate producer said it in the meantime continues hot commissioning at the upgraded facility and has begun cold commissioning as well. The company said it has also run trials through […]

Pessimism grew among metalformers in September’s business report from the Precision Metalforming Association.

Electrode producer GrafTech International announced on Thursday, Sept. 28 that its president and CEO is stepping down.

SMU's weekly survey reflects what people in the market are talking about. Lately, a popular topic has been the United Auto Workers (UAW) strike.

The United Auto Workers (UAW) union expanded its strike on Friday, calling on an additional 7,000 workers at Ford and General Motors plants to strike as of 12 p.m. ET.

Nucor Corp. will keep plate prices unchanged with the opening of its November order book.

While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.

Worthington Industries said it has so far been little impacted by the United Auto Workers (UAW) strike.

Worthington Industries Inc. on Wednesday reported net income of $96.1 million in its fiscal 2024 first quarter, up 49.9% from a year earlier despite net sales falling 15.3% over the same period. The Columbus, Ohio-based service center and manufacturer said the drop resulted mostly from lower average prices in its steel processing division as well as lower overall sales volumes.

Nucor has announced a collaboration with fusion power company Helion to develop a 500-megawatt nuclear fusion power plant.

The United Steelworkers International (USW) executive board on Tuesday appointed David McCall as the union’s new international president. He will fill the remainder of Tom Conway’s term.

Despite economic headwinds in the headlines, the near-term future could prove brighter than expected, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the Tuesday, Sept. 26, meeting of its Sheet Metal/Air Handling Council.

Worthington Industries announced on Tuesday the names and branding for the two companies resulting from its planned separation, which could happen earlier than previously stated.

Tom Conway, international president of the United Steelworkers (USW) union since 2019, has died at age 71.

Global steel production tapered off in August vs. July, according to the latest figures from the World Steel Association (worldsteel).

Ford of Canada union workers represented by Unifor ratified a new, three-year labor agreement on Sunday.

Zekelman Industries has announced an expansion of its its ZI-Strut™ metal framing and accessories product line.

Canadian steelmaker Stelco Holdings Inc. is now in the mix to purchase U.S. Steel, according to an article in Bloomberg on Thursday, which cited people familiar with the matter.

Mexican steelmaker Grupo Deacero will invest $1 billion over the next three years as it plans to expand its steel production by 1.2 million tons per year, according to a local report.

U.S. Steel expects earnings to drop in the third quarter vs. the prior quarter and the same period a year earlier as the company adjusts production because of the United Auto Workers (UAW) union strike.

Steel Dynamics Inc. (SDI) and Mercedes-Benz have signed an agreement for the automaker to source 50,000 metric tons of C02-reduced steel for its plant in Tuscaloosa, Ala.

As the world works to decarbonize and limit greenhouse-gas emissions to reach the goals outlined in the Paris Agreement, many steel companies have joined others in setting their own targets to reach net zero emissions by 2050.

U.S. Steel said on Monday it plans to temporarily idle blast furnace ‘B’ at its Granite City Works near St. Louis. The Pittsburgh-based steelmaker said it made the move in response to the United Auto Workers (UAW) union strike against “Big Three” automakers Ford, General Motors, and Stellantis. “Following the announcement of UAW strike actions, […]

Steel Dynamics Inc. (SDI) said it expects third-quarter earnings to be lower than the previous quarter and also below the results posted a year earlier.

Unifor, the union which represents Canada’s auto workers, has written a letter in solidarity with the United Auto Workers (UAW) strike as its own labor contract deadline nears.

SMU Managing Editor Michael Cowden shares his Final Thoughts for the week on what happens to steel if the United Auto Workers (UAW) launch a series of “stand up” strikes at midnight tonight against Ford, General Motors, and Stellantis?