Category: Steel Product Producers

Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.

Zekelman Industries has bought 5% of available shares of Canada’s Algoma Steel.

Global steel output fell 5% in July according to World Steel Association’s (worldsteel) latest release. Total steel mill production around the world tallied up to 152.8 million metric tons (mt) for the month of July, the second-lowest monthly rate seen this year.

Swampy. Sticky. Mushy. Murky. These were all words galvanized buyers used this week to describe the current state of the US steel market.

Coal companies Arch Resources and CONSOL Energy announced their merger to create Core Natural Resources, a combined company with a market cap of ~$5.2 billion.

BlueScope Steel is progressing on its expansion plans for the US market. Those plans include lifting the capacity of its North Star sheet mill and setting up a greenfield metal coating facility in the Midwest.

Mill Steel Co., a supplier of flat-rolled steel and aluminum products, has named Scott Hauncher as chief financial officer.

Cleveland-Cliffs has named Michael Hrosik as senior vice president of commercial, effective immediately.

Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.

Domestic steel mill output rose last week for the second consecutive week, according to the latest release by the American Iron and Steel Institute (AISI).

Union workers at Cleveland-Cliffs’ Dearborn Works have approved a new four-year labor agreement.

Despite this summer’s “challenging near-term pricing and uncertain macroeconomic conditions,” Algoma Steel CEO Michael Garcia said the company is focusing on what it can control: operating safely, providing exceptional customer service, and successfully executing its capital programs.

Italian mill equipment provider Danieli announced a Mexican company has ordered two electric-resistance welded (ERW) tube mills from Danieli Centro Tubes.

Russel Metals has completed the acquisition of seven service center locations from Samuel, Son, & Co.

Altos Hornos de México (AHMSA) announced it is entering the third stage of bankruptcy.

Friedman Industries reported positive earnings in its 2024 fiscal first quarter ended June 30.

Specialty steel maker Metallus, formerly known as TimkenSteel, has officially begun work on a bloom reheating furnace at its Faircrest plant in Ohio.

Domestic steel mill output rose last week after falling for two straight weeks, according to the latest release by the American Iron and Steel Institute (AISI). Total raw steel mill production was estimated at 1,735,000 short tons (st) in the week ending Aug. 10. That’s up 13,000 st, or 0.8%, from the week prior. It’s […]

Shipments of heating and cooling equipment moved higher in June, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). June shipments increased 10% month on month (m/m) to 2.16 million units. This was a 7% boost over the same month last year. June represents the best monthly shipment rate year-to-date, […]

The company is in the process of being acquired by Cleveland-Cliffs in a deal valued at USD$2.5 billion.

US steel shipments fell both on-year and month over month in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Klöckner & Co. swung to a loss in the second quarter on-year, as the company expects a slip in sales for full-year 2024 because of the drop in steel prices.

Ryerson has acquired Production Metals, LLC, a Monroe, Conn.-based aluminum, stainless, and specialty steel distributor, for an undisclosed sum.

Olympic Steel’s earnings tumbled in the second quarter as the company expects near-term business conditions to remain “challenging.”

U.S. Steel posted significantly lower second-quarter profits on falling prices and start-up costs at its Big River Steel (BRS) campus in Osceola, Ark.

ArcelorMittal’s earnings fell precipitously from a year earlier as the company said current market conditions are unsustainable.

Lower steel prices and expenses from ongoing litigation negatively impacted Ternium’s second-quarter results. On Wednesday, the Luxembourg-based Latin American steelmaker posted a Q2 loss of $743 million on sales that rose 17% from last year to $4.5 billion.

Ryerson's earnings slumped in the second-quarter on-year but swung to a profit from the first quarter.

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

When we last talked to Jared Rowe in May, he had just been appointed Reibus International's new CEO and chairman of the board. Now two months into the job, SMU caught up with him on our July 24 Community Chat for the latest on the online metals marketplace.