Contributor: Stephanie Ritenbaugh

Most expect activity to hold steady or increase over the next three months.

The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.

“There’s no sugar coating it – 2024 has been a challenging year,” the economist for ITR said.

Green & Clean Power will supply electricity to Hybar’s mill that is due to begin operations next summer.

Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."

Still, many businesses noted increased sensitivity to prices and quality among customers.

During the first 10 months of this year, construction spending rose about 7.2% over last year.

The move comes less than two months after Tavares announced that he would step down in early 2026.

“We are under constant threat from nonmarket economies who evade our trade laws," SMA said.

About 23% of respondents expect an uptick in economic activity in the next three months. That’s an increase over the 13% in October.

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.

Trademark Metals Recycling opened an advanced metal recovery facility in Bushnell, Fla.

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

So far, nearly $570 billion in funding has been announced for over 66,000 projects and awards.

The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.

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

Russel Metals Inc.’s profit shrank during the third quarter as steel prices continued to be volatile.

George Adams said he feels fortunate to be able to work with his kids at SA Recycling, the company his family founded. But that’s not the case with many family-owned businesses.

“It's been a very interesting year in that the price of scrap should have gone down earlier this year."

“The US economy, despite some near-term weakness I suggest in early 2025, is going to be strong," Dr. Anirban Basu said this week.

Go forth and mingle, urged Michael Smerconish at Steel Summit 2024.

With a surplus of ferrous scrap supply in the US, Steel Dynamics Inc. (SDI) said one key to maintaining costs is watching the price of conversion. When it comes to feeding electric arc furnaces (EAF), “Our Omni team is working very closely with us to make sure we have access to the right materials,” said […]

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

Operating income from Steel Dynamics Inc.’s (SDI) recycling operations clocked in higher in the second quarter than in the first on increasing volumes and despite lower realized pricing. Recycling operations brought in $32.1 million, an increase over $22.6 million in Q1, but lower than the $40.3 million last year, the Fort Wayne, Ind.-based company said […]

Next week, Las Vegas will host the largest recycled materials industry event. ISRI’s annual gathering at the Mandalay Bay Resort and Casino will unite more than 6,000 industry professionals to explore the latest trends in ferrous and nonferrous markets, provide networking opportunities, and support business growth. SMU and RMU eagerly anticipate participating, connecting with fellow attendees, and […]

Low manufacturing activity and higher interest rates took a toll on Radius Recycling’s profits during the Oregon-based company’s most recent quarter. Radius reported a net loss of $34 million, or $1.19 per share, during its fiscal second quarter. In the previous quarter, Radius saw a net loss of $18 million, or 64 cents per share.

OnmiSource LLC, a subsidiary of Fort Wayne, Indiana-based steel producer and recycler, Steel Dyanmics, Inc., has acquired Toledo Shredding, LLC, in Ohio.

A weaker steel market and lower prices in Europe dragged down SSAB’s earnings during the last three months of 2023.

Nucor is optimistic about long-term activity from bridges and highways, semiconductor chip plants and renewable energy, but still sees some short-term challenges. The North Carolina-headquartered steelmaker expects the federal programs that support these megatrends “to add somewhere between 5 million to 8 million tons of incremental annual demand for steel over the next several years,” […]