Category: Steel Product Producers

Japanese Prime Minister Shigeru Ishiba has asked that President Biden approve Nippon Steel’s $14.9-billion proposed offer to buy Pittsburgh-based U.S. Steel, according to a report in Reuters.

Contractors Steel was acquired in 2018 by UPG, a private equity firm with a portfolio of metals and logistics companies

The distributor and service center is opening a 250,000-square-foot facility in Canton, Mich.

Flat-rolled steel service center Alliance Steel has expanded into the tubular market with the launch of Alliance Tubular Products. The new Alliance division manufactures square and rectangular electric resistance welded (ERW) products and steel HSS tubing. Production has already started and will continue to ramp up next year, the company said in a statement. Alliance […]

Domestic raw steel mill production increased to a four-week high last week, according to the American Iron and Steel Institute (AISI).

Cleveland-Cliffs' Lourenco Goncalves said the company will install a new stove at Stelco’s blast furnace in Nanticoke, Ontario.

Output from steel mills around the globe totaled 152.1 million metric tons (mt) in October, the highest monthly rate recorded since July.

Nucor is holding its hot-rolled (HR) coil base price flat at $750/st for the third week in a row.

Domestic galvanized prices remain relatively rangebound despite the conclusion of the US presidential election.

Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.

Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.

Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.

Hickey Metal Fabrication has acquired laser-based metal fabricator Ohio Laser.

The Piqua, Ohio-based service center announced the retirement of its CFO and other personnel changes.

Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.

Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.

Brazilian miner Vale SA has entered into a Memorandum of Understanding (MoU) with Australia-based Cyclone Metals Ltd. to develop the Iron Bear iron ore project in Eastern Canada.

Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.

Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]

Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million

Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.

After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.

Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.

Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.

Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Japan’s Nippon Steel still anticipates closing on its proposed deal to acquire U.S. Steel by the end of 2024.

Worthington Steel has named Cliff Larivey as the company’s president of flat-rolled steel processing, effective Dec. 1. He will replace Jeff Klingler, who had been performing the role for the past year.

Cleveland-based Olympic Steel announced its first acquisition of 2024, Georgia-based components manufacturer Metal Works.

Canada’ Algoma Steel has announced a change in its fiscal year end from March 31 to Dec. 31.

ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.