Tag: Esmark

The US Securities and Exchange Commission said it has settled charges with Esmark and company founder Esmark James P. Bouchard regarding a tender offer for U.S. Steel last year.

Bull Moose Tube (BMT) CEO Tom Modrowski passed away suddenly and unexpectedly on March 18. BMT said current CFO John Krupinski has been named interim CFO and CEO.

Bloomberg has reported that Nippon Steel’s $14.1-billion deal for U.S. Steel might not close until 2025 – well after the Q2/Q3 2024 close date both companies have guided toward. That’s because a national security review of the deal ($14.9 billion if you include the USS debt Nippon Steel would assume) by the Committee on Foreign Investment in the United States (CFIUS) could take longer than initially expected

After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.

Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.

Cleveland-Cliffs has laid out a path forward for its potential purchase of U.S. Steel.

Esmark has withdrawn its bid for U.S. Steel.

ArcelorMittal is considering throwing its hat into the ring as a potential suitor for U.S. Steel, according to an article in Reuters on Wednesday.

U.S. Steel dropped a bombshell last week when it announced that it is up for sale. While a company buyout would be profitable for any buyer, there could be regulatory hurdles, according to industry analysts.

Esmark Inc. announced on Monday a voluntary public cash and exchange offer for all issued and outstanding shares in U.S. Steel of $35 per share.

Esmark Inc. has announced the passing of Hans Joachim Schmidt, father of Esmark founding investor and longtime member of the Esmark board of directors, Uwe T. Schmidt. Hans Joachim Schmidt passed away on Feb. 19 at the age of 90, Esmark said, noting that he was a leader and internationally recognized business executive serving the […]

We’re less than two weeks away from the Tampa Steel Conference. It’s not too late to register, but you should do it ASAP. The event will be at the Tampa Marriott Water Street hotel on Sunday-Tuesday Feb. 5-7. Approximately 445 people have already registered, which is more than total attendance last year. New companies are being added […]

We’re less than two weeks away from the Tampa Steel Conference. It’s not too late to register, but you should do it ASAP. The event will be at the Tampa Marriott Water Street hotel on Sunday-Tuesday Feb. 5-7. Approximately 430 people have already registered, which is more than total attendace last year. We expect that number to […]

We’re less than one month away from the Tampa Steel Conference. The event will be at the Tampa Marriott Water Street hotel again, so mark your calendar for Sunday-Tuesday, Feb. 5-7. There are nearly 375 attendees registered, and the list is growing daily. Keep in mind that this is the high season for tourism in Florida, and […]

The new year is off to a great start, and there’s still time to register for the Tampa Steel Conference as you make your travel plans for 2023. The event will be at the Tampa Marriott Water Street hotel again, so mark your calendar for Sunday-Tuesday, Feb. 5-7. Nearly 300 of you have registered already. We’re on track […]

We’re nearing the end of 2022, which means it’s time to register for the Tampa Steel Conference as you make your travel plans for 2023. The event will be at the Tampa Marriott Water Street hotel again this year. Mark your calendar for Sunday-Tuesday Feb. 5-7. Nearly 200 of you have registered already. We’re on track […]

We’re nearing the end of 2022, which means it’s time to register for the Tampa Steel Conference as you make your travel plans for 2023. The event will be at the Tampa Marriott Water Street hotel again this year. Mark your calendar for Sunday-Tuesday Feb. 5-7. Nearly 200 of you have registered already. We’re on track […]

A lot has been written about how a severe shortage of prime scrap could be the lasting result of the widespread shift to electric arc furnace (EAF) steelmaking. I’d like to take a minute to point out that tri-state area around Pittsburgh, which Nucor is considering for its $2.7 billion, three-million-tpy EAF sheet mill mill, […]

Esmark Steel Group has a new chief executive officer as of Jan. 1. Roberto M. Alvarez has been appointed CEO after serving as executive vice president and a member of the Esmark Board of Directors. “We believe that Roberto’s years of experience, not only with Esmark but also within the broader steel industry, position him […]

The electric arc furnace and caster at JSW Ohio are slowly producing more slabs after the re-start of the furnace back on Dec. 14, 2018. The furnace is running just about every day at this point, according to SMU sources. However, it is being limited to just a few heats. The mill’s goal is to […]

The electric arc furnace and caster at JSW Ohio are slowly producing more slabs after the re-start of the furnace back on Dec. 14, 2018. The furnace is running just about every day at this point, according to SMU sources. However, it is being limited to just a few heats. The mill’s goal is to […]

We have passed through 750 registrations for the 2018 SMU Steel Summit Conference, which is now 39 days away! Graber Post Buildings, Esmark, CMC Impact Metals, North American Steel Alliance, Fluor, Whirlpool Corporation, Metal One America, Gateway Terminal, Argus Media, USS/Posco, Steel & Pipe Supply, JN Linrose Mfg., ArcelorMittal Dofasco, LISSMAC Corporation and Cooper Consolidated […]

I am back in my office and will be here for the balance of the week. Diana is back as well and will be in her office until we leave for Atlanta at the end of August. Graber Post Buildings, Esmark, CMC Impact Metals, North American Steel Alliance, Fluor, Whirlpool Corporation, Metal One America, Gateway […]

India’s JSW Steel announced last week it has completed the acquisition of 83 percent of Acero Junction Holdings. The remaining 17 percent is being transferred and will give JSW 100 percent ownership of the steel rolling mill in Mingo Junction, Ohio. The assets are valued at $182.41 million with an equity value of $80.84 million […]

The SMU Steel Summit Conference is THE fastest growing steel conference in North America and THE one conference manufacturing, distribution, suppliers to the industry and steel mills want to attend. Details about the agenda, speakers, location and costs, as well as how to register, can be found on our website: www.SteelMarketUpdate.com/Events/Steel-Summit or you can contact […]

Mingo Junction Steelworks has been sold to investor group Acero Junction by the Frontier Group of Companies. Frontier bought the former RG Steel facility in Mingo Junction four years ago out of bankruptcy. “Our goal was always to improve the site and find a viable buyer for the steel making assets at Mingo. Today, we […]

Mingo Junction Steel Plant in eastern Ohio may resume making steel in the near future, according to reports by The Intelligencer. In mid-August, Jefferson Country Commissioner Thomas Graham said he expected an announcement of the reopening in the next few week.   It is rumored that Asian Colour Coated Ispat, Ltd. (ACCIL), a steel manufacturer […]

PITTSBURGH, AUGUST 10, 2016 – Esmark Steel Group, one of the nation’s largest processors and distributors of flat-rolled steel, steel fabrication manufacturing and tinplate production, today announced that Michael Ogrizovich, currently President of Esmark Steel Group, has been named a Director to the company’s Board of Directors and been promoted to Vice Chairman of Mill […]

I don’t know if I have ever seen a market quite like the one we are living through right now. Supply is being constrained through the use of the trade suits coupled with US Steel taking down two blast furnaces at Granite City and AK Steel taking down their lone blast furnace at Ashland. There […]

Esmark Inc. and Loeffel Steel Group, a steel processing and distribution service center in suburban Chicago, have announced the formation of a new joint venture. The partnership is expected to increase the commercial and operating efficiencies of the two companies and offer a broader portfolio of products and services. The new venture will operate under […]