Chicago-based service center and steel processor UPG Enterprises LLC, announced the acquisition of Lex Holding Co. The acquisition will expand UPG’s distribution of flat rolled steel products in the Midwest markets and further diversify their product line and logistical capabilities. The deal includes Lexington Steel Corp., a full-line distributor of flat rolled steel products based in Chicago […]
Importers of steel and aluminum who have been critical of the Commerce Department’s handling of Section 232 exclusion requests have found an ally in the Government Accountability Office. In a report released Tuesday, the GAO called for Commerce to improve and speed up the process it uses to review tariff exclusion requests. The report noted […]
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com. Following is an analysis of Bureau of Labor Statistics (BLS) Producer Price Index data. The PPI is a family of indexes that measure the average change over time in the prices received […]
Reducing harmful greenhouse gas emissions from the steelmaking process, which remains a very CO2- and energy-intensive activity, calls for a combination of approaches that may vary from nation to nation. “There is no single solution to drastically reducing CO2 emissions from our industry, and we believe that individual countries are best placed to assess and […]
Heidtman Steel Products, Inc., a leading coil service center, has renamed its tube mill, formerly TNT Pipe and Tube, to Heidtman Tubular Products. The change comes as Heidtman Steel seeks to showcase its vertical integration and full ownership and commitment to the tubular business, the company said. “As one of the largest, privately held, flat […]