On the company’s third-quarter earnings call with analysts on Tuesday, Oct. 24, Cleveland-Cliffs executives were careful not to disclose anything about their talks with U.S. Steel on a potential acquisition.
Cleveland-Cliffs says it is taking advantage of higher demand from the automotive sector – its biggest end-use market – this year.
The UAW went on strike on Tuesday at General Motor’s truck and SUV plant in Arlington, Texas – the automakers’ largest assembly plant in the US.
Nucor reported a drop in third quarter profits on lower steel prices, with the biggest hit to earnings occurring at its sheet mills. And the Charlotte, N.C.-based electric-arc furnace (EAF) steelmaker doesn't see things improving in the fourth quarter.
Cleveland-Cliffs posted solid results for the third quarter, with strong steel shipments, particularly to the automotive industry, the steelmaker said in its Q3 earnings report on Monday, Oct. 23.
The United Auto Workers (UAW) union expanded its strike on Monday morning, hitting Stellantis’ largest plant.
United Auto Workers (UAW) president Shawn Fain indicated on Friday that a deal between the UAW and the “Big Three” automakers could be in sight.
India's JSW Steel said lower steel prices and adverse market conditions affected the performance of its US operations in its fiscal 2024 second quarter ended September 30. Still, the company posted improved results compared to the same quarter last year.
Nucor Steel held a groundbreaking ceremony on Friday for its Nucor Steel West Virginia sheet mill in Mason County, W.Va.
United Auto Workers (UAW) members ratified a labor deal at ZF Chassis Systems in Tuscaloosa, Ala., on Thursday, ending a nearly month-long strike.
Nucor Corp. announced it is considering installing a new rebar micro mill in the Pacific Northwest.
On its third-quarter earnings conference call on Thursday, Oct. 19, Steel Dynamics Inc. executives did not rule out the possibility of ‘inorganic growth’ opportunities.
Steel Dynamics Inc. provided an update on the four new coating lines it is adding to its Heartland flat rolled processing mill and Sinton sheet mill on its third-quarter earnings conference call with analysts on Thursday, Oct. 19.
Canada’s Unifor, which represents union-represented auto workers there, has opened negotiations with automaker Stellantis.
Cleveland-Cliffs said on Thursday it's targeting a minimum base price for hot-rolled steel of $800 per net ton ($40 per cwt).
Steel Dynamics Inc. (SDI) reported a drop in third quarter profits on lower prices for flat-rolled steel as well as for fabricated products.
Subcontractors for U.S. Steel in Indiana stole ~20 million pounds of scrap valued at ~$2 million over a two-year period.
The US Department of Energy announced seven projects that will receive $7 billion in funding to establish regional hydrogen hubs across the country.
After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.
Raw steel production in the US declined slightly in the week ending Oct. 14, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 16.
Nucor’s President and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).
Heating and cooling equipment shipments in the US ticked up in August, according to newly released data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Shipments in August totaled 1.9 million units, compared to 1.7 million units reported in July. Shipments were up 15% month over month (MoM) but down 2% year over year […]
River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal.
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
Specialty steel producer Grupo Simec has permanently closed down its Republic Steel mills in Canton, Ohio, and Lackawanna, in New York state, it has emerged.
The LME aluminum 3-month price was stable on the morning of Oct. 13, trading at $2,201 per tonne at that time.
Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.
The United Auto Workers (UAW) union announced a new phase in its ongoing stand-up strike against the Big Three Detroit-area automakers on Friday.
U.S. Steel Corp. celebrated the opening of its $450-million non-grain oriented (NGO) electrical steel line at its Big River Steel Works in Osceola, Ark.
With solid demand and attractive margins, the North American market has been helping to prop up CMC’s results as its European operations struggle with weaker demand amid challenging market conditions.