Tag: processing

Target Steel and Target Metal Blanking are expanding into Mexico.

Ferrosource LLC, a distributor of ferrous metals, is nearing completion of its steel processing facility on the campus of Big River Steel Works (BRSW) in Osceola, Ark. Operations are set to begin in August.

AZZ reported steady demand across its Metal Coatings network, as infrastructure, power, and data center projects continued to drive high galvanizing volumes.

Marubeni-Itochu Steel Americas Inc. (MISA) plans to build a $37 million flat-rolled steel processing plant in Osceola, Ark., adjacent to Big River Steel.

Longview, Texas-based Friedman Industries announced it will increase the building's size and add fabrication capabilities, including laser-cutting equipment.

Reliance Inc. announced two big US government contract wins from its wholly-owned subsidiary AMI Metals Inc.

Worthington Steel has announced it will acquire Germany's Kloeckner & Co, creating second-largest steel service company in North America.

Greer Steel Co. has been purchased by Mutares SE & Co., an international private equity holding company based in Munich.

Independent service center Promet Steel Inc. has acquired Heidtman Steel Products' facility in East Chicago, Ind. Terms of the deal, which closed on Dec. 15, were not disclosed.

Canadian service center Varsteel Ltd. has acquired Victoria Steel (also known as Acier Victoria) of Victoriaville, Quebec.

The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Friedman Industries has acquired Century Metals and Supplies through an all-cash offer, accreditive immediately, and will operate it as a fully owned subsidiary. 

Friedman swings to a loss in its fiscal third quarter of 2025.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

Grand Steel has acquired a new toll processing facility in Chattanooga, Tenn., marking the third location for the flat-rolled steel service center.

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.

Charter Manufacturing, a diversified metals manufacturer, has agreed to buy regional scrap metal recycler Niles Iron & Metal Co.

Steel Dynamics Inc.’s (SDI’s) earnings slid in the second quarter, but the company's top executive believes steel tags are set to rise.

There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!

Reliance Inc. has reached an agreement to buy certain assets of Ferragon Corp.'s FerrouSouth division, a toll processing operation based in Iuka, Miss.

Cleveland-Cliffs Inc. has agreed to purchase Canada’s Stelco Holdings Inc. in a deal valued at $2.5 billion (CA$3.4 billion).

Steel Warehouse plans to expand in Jefferson City, Tenn., with an investment of ~$20 million.

The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.

Worthington Steel’s earnings slipped in its fiscal fourth quarter while sales ticked up.

The US scrap market is quiet as we pass through June. Speculation about the direction of July is mixed, with most sentiment neutral or bearish. The concerns are about demand during the summer months. There are still several planned outages and other cutbacks at various mills that could limit overall demand for recycled steel scrap.

Friedman Industries reported lower earnings in its fiscal fourth quarter, and the company expects first-quarter margins to be lower than Q4 margins due to declining HRC prices.

Now that June has arrived, the official countdown until SMU’s Steel Summit 2024 – North America’s premier flat-rolled steel conference – has begun. If you haven’t already registered, don’t delay. More than 700 attendees from more than 300 companies have already registered to be in Atlanta this August. In short, it’s poised to be another […]

A roundup of aluminum news from CRU.

We’re just a few months away from SMU’s Steel Summit 2024 – North America’s premier flat-rolled steel conference.

In conjunction with President Biden’s visit to Vietnam in September 2023, Vietnam’s government petitioned the US Department of Commerce (DOC) for “market economy” treatment. This would be a major trade concession, as DOC has recognized for years that Vietnam’s economy does not operate according to market principles. However, graduating Vietnam to market economy status would […]