ArcelorMittal received approval from the European Commission to sell several of its European steelmaking assets to Liberty House Group. The sale is part of a divestment agreement made by ArcelorMittal with the Commission to acquire the Italian steel mill Ilva. Included in the transaction is ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia), […]
AK Steel announced that longtime engineering employee, Laura Szpot, was recognized by the Manufacturing Institute as one of the 2019 STEP Ahead Award honorees who exemplify leadership in Science, Technology, Engineering or Production. Laura was among honorees recently recognized by the Manufacturing Institute in Washington, D.C. The Manufacturing Institute is an authority on the attraction, […]
Nucor Corp. has acquired Century Tube LLC, a supplier of carbon tubing for automotive, mechanical and structural applications. Century Tube, based in Madison, Ind., offers round, square, rectangular, oval and other special welded shapes of mechanical steel tubing, and is a leader in supplying induction heat-treated tubes for automotive applications. The company has produced over […]
U.S. Steel Mon Valley is not producing pig iron due to an accident at their #1 Blast Furnace and the reline of the remaining furnace. According to U.S. Steel spokeswoman Meghan Cox, there was an issue with the top charging equipment in Blast Furnace #1 at the Edgar Thomson Plant. Sources told SMU that a […]
Sales of HVAC products remain fairly strong in most parts of the country, but prices don’t fully reflect that demand, reported members of the Heating, Air-conditioning and Refrigeration Distributors International in their monthly conference call. “I still think the market is fragile,” commented one HARDI member. “The mills have a lot of fundamentals in their […]
Residents near U.S. Steel’s Mon Valley Works are in an uproar over plans to allow New Mexico-based Merrion Oil & Gas to drill for natural gas in the Edgar Thomson Plant. U.S. Steel has leased 10 acres of land at the plant in Braddock, Pa., to Merrion Oil to construct three fracking wells that will […]
Barbara R. Smith, president and chief executive officer of Commercial Metals Company, will be named AIST Steelmaker of the Year at AISTech 2019 — The Iron & Steel Technology Conference and Exposition. One of AIST’s highest honors, the Steelmaker of the Year Award is given to an industry leader who has had significant impact on […]
U.S. Steel has completed repairs to the desulfurizing equipment for the coke ovens at the Clairton Plant in Pennsylvania following a fire in December. A Christmas Eve blaze caused significant damage to the gas processing equipment, releasing sulfur dioxide emissions at nearly five times the allowed amount. Said the company in a statement April 4: […]
Union Partners has expanded its portfolio once again with the acquisition of National Metalwares, L.P., an Aurora, Ill., manufacturer and fabricator of OEM steel tubing, tubular products and welded assemblies. National Metalwares uses robotically automated and flexible manufacturing cells to meet customer demands. As a highly vertically integrated company, NMLP produces its products in-house with […]
Former Nucor Chairman and CEO Dan DiMicco received a Lifetime Achievement Award from the Charlotte Business Journal on Thursday night at the publication’s Most Admired CEO Awards program. The CEO Awards recognize established local leaders who have a strong vision for their companies, have shown commitment to culture in the workplace and have made significant […]
Nucor has announced that it will build a new steel plate mill in Brandenburg, Ky. The $1.35 billion mill will be capable of producing 1.2 million tons of steel plate products per year. The mill is scheduled to be operational in 2022, pending permit and regulatory approvals. The plant will have the ability to produce 97 […]
Over the next two years, Big River Steel will expand its Osceola, Ark., flex mill with help again from German plant builder SMS Group. Big River has commissioned SMS to supply mechanical equipment, electrical and automation systems and digitalization. BRS will add a second electric arc furnace and twin-ladle furnace to the complex, increasing output […]
The metals service center industry will see significant ownership turnover and consolidation over the next 10-20 years, but is likely to remain a highly fragmented, family-owned industry, said Dan Sullivan, president of Montrose Advisors, an M&A advisory firm. Speaking at the S&P Global Platts North America Conference March 15 in Chicago, Sullivan said the robust […]
Over the next couple of years there will be approximately 20 million tons of capacity built in North America. Most of us focus on the capacity being built by Nucor, Steel Dynamics, JSW USA and others. What is overlooked is the capacity being built just south of the U.S. border in Mexico. In an effort […]
Big River Steel still considers Brownsville, Texas, an attractive site for a new EAF mill and the Port of Brownsville is ready whenever BRS greenlights the project. In his State of the Port address this week, Brownsville Navigation Chairman John Reed noted that Big River Steel extended its land lease option for another year. A […]
Commercial Metals Company reported net earnings of $14.9 million on net sales of $1.4 billion for the second quarter of its fiscal 2019 year ending Feb. 28, 2019. Revenue for the quarter increased 33 percent year-over-year due to favorable market conditions and strategic growth initiatives, including completion of the Gerdau S.A. acquisition in November. The […]
ArcelorMittal is investing in upgrades at its Burns Harbor facility to make the plant more competitive and provide “growth and long-term sustainability” for the next several decades. The company is asking the Burns Harbor Town Council for a tax abatement to help offset the $163 million in improvements the company plans to make during the […]
U.S. Steel hopes to lure new salaried employees and keep current ones with an upgraded benefit package. New benefits and enhancements include coverage for infertility treatment, extended parental leave, domestic partner coverage and gender reassignment coverage. “Our most recent review revealed ways we could take some new and forward-looking steps,” said Michelle Nasir, Chief Talent […]
Worthington Industries President Andy Rose described the third quarter of fiscal year 2019 as a “noisy period” in terms of earnings. “There continues to be a lot of noise in our third-quarter results,” said Rose. “The biggest challenge we have been facing is the steel tariffs, which have created artificial pricing mechanics that should have […]
U.S. Steel announced that Daniel (Dan) R. Brown has been advanced to the position of General Manager, Great Lakes Works, effective April 1. In this position, he will be responsible for the day-to-day operations of Automotive Solutions’ fully integrated steel mill, Great Lakes Works, located in Ecorse, Mich., and the Midwest Plant located in Portage, […]
Steel Dynamics’ earnings guidance for first-quarter 2019 was lower than analysts expected. SDI anticipates a decrease from the prior quarter as a result of lower earnings from its sheet operations. Expected earnings of $0.88 to $0.92 per diluted share will also be impacted by planned maintenance outages during the quarter. Although sheet earnings fell in […]
The North American Steel Alliance, the member-owned purchasing cooperative serving the metals distribution industry, has added three new members, bringing its total to 124. Harris Steel, Cicero, Ill., is a flat rolled distributor specializing in unique steel grades, chemistries and tempers. It operates three coil-to-coil slitting lines for both ferrous and nonferrous products, supplying the […]
Latin American steel mill Ternium reported the highest annual EBITDA in its history last year at $2.7 billion, a 40 percent increase from 2017. Net income was $1.5 billion, driven by an 18 percent increase in sales and higher steel product shipments. Ternium’s Mexico segment shipped 6.5 million metric tons of steel in 2018, representing […]
Nucor anticipates earnings will decrease in the first quarter of 2019. In guidance remarks, the company cited lower average selling prices and margins in its sheet mill group for the decline. Said Nucor, “We believe that sheet pricing reached the low point during the first quarter and are encouraged by the impact of recent price […]
Air pollution is a growing concern for residents in Allegheny County near Pittsburgh. Sulfur dioxide levels and fine-particulate pollution have exceeded acceptable standards in the last several years. County health officials mostly blame emissions from U.S. Steel’s Clairton coke plant at Mon Valley Works as the cause. Allegheny County health officials report that the plant […]
U.S. Steel announced that it has accepted an award from the High-Performance Computing for Manufacturing Program (HPC4Mfg) Special Call: Steel and Aluminum, sponsored by the U.S. Department of Energy, to expand the company’s manufacturing capabilities for advanced high-strength steel. The winning U.S. Steel project, drafted by researchers Evgueni Nikitenko and Susan Farjami at U.S. Steel’s […]
Stelco, one of the most technologically advanced integrated steelmaking facilities in North America, will take another step forward in the technology realm. Stelco has signed an agreement with Canvass Analytics to use the Canvass AI software to transform operational data into “actionable intelligence.” “By partnering with Canvass Analytics, we are systematically transforming our facilities into […]
Algoma Steel announced today the appointment of Michael McQuade as Chief Executive Officer. McQuade will succeed Kaylan Ghosh who served as CEO prior to and during the restructuring of Algoma. “Mike has the skills and experience to lead Algoma in the next stage of its evolution as a leading Canadian steel company and globally competitive […]
Maksteel, part of the Union Partners group of service centers, has completed the acquisition of LexWest Steel in Los Angeles. LexWest Steel is a full-line distributor of flat rolled steel products and will be rebranded as Maksteel USA under the expanding Union Partners portfolio. Maksteel USA is a U.S. division of Maksteel, which is based […]
After an accelerated decline in carbon and steel prices in the fourth quarter, spot prices bottomed in January and are now moving higher in the first quarter, said Ryerson President and CEO Eddie Lehner. Demand conditions appear favorable in the first part of 2019 despite weather interruptions in the early part of the year. Ryerson […]