Reliance Seeing Healthy Demand, Limited Impact from UAW Strike
Reliance Steel & Aluminum is anticipating overall demand to remain healthy through year’s end despite some weakening in some sectors and normal seasonality.
Tag: processing
SDI To Commission Four Value-Add Lines Before End of Q1’24
Steel Dynamics Inc. provided an update on the four new coating lines it is adding to its Heartland flat rolled processing mill and Sinton sheet mill on its third-quarter earnings conference call with analysts on Thursday, Oct. 19.
Feralloy Sets $8.75M Expansion Plan at Alabama Plant: Report
Feralloy Corp. is planning an $8.75-million expansion at its Decatur, Ala., Red Hat Road plant, according to a local report.
Esmark Starts Flat Rolled Supply Business in Mexico
Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.
Worthington Industries Expands Tempel Steel in Mexico
Worthington Industries Inc. announced on Oct. 5 the expansion of its Tempel Steel facility in Apodaca, Mexico.
Ryerson Buys Wisconsin Fabricator Norlen Inc.
Ryerson has acquired Norlen Inc., a Wisconsin-based metal fabricator, for an undisclosed sum.
CRU Aluminum: Curiously, LME Moves Higher and Midwest Drifts Lower
The LME aluminum 3-month price was up 4.7% during the last week of the month to close September trading at $2,325 per metric ton – its highest price since early August. Several correlations appeared to have broken down in the short term given the weakness in the US stock market, a weaker copper price, and, critically, the resurgent dollar.
Worthington Reports Higher Profits But Warns of 'Stretched' Consumers
Worthington Industries Inc. on Wednesday reported net income of $96.1 million in its fiscal 2024 first quarter, up 49.9% from a year earlier despite net sales falling 15.3% over the same period. The Columbus, Ohio-based service center and manufacturer said the drop resulted mostly from lower average prices in its steel processing division as well as lower overall sales volumes.
Worthington Industries Unveils Branding for New Firms, Separation Date Slated for December
Worthington Industries announced on Tuesday the names and branding for the two companies resulting from its planned separation, which could happen earlier than previously stated.
Nucor Sees Lower Q3 Earnings, Sheet Mills Take a Hit
Nucor expects third-quarter earnings to be lower sequentially and on-year, the steelmaker said in earnings guidance on Thursday.
Leibowitz: Banning Inputs and Components—Effective Policy or Not?
As the global trading system, which used to be “rules-based,” continues its slide toward the absence (defiance? disregard?) of rules, governments around the world are trying new things.
Tenaris Plans Blytheville Restart, Acquires Houston Pipe Processor
Tenaris is planning to restart its operations in Blytheville, Ark.
Olympic Names New GM of Minn. Plate Processing Ops
Olympic Steel said Leah M. Kiley has been promoted to the role of general manager for the company’s Minneapolis plate processing facility.
Mill Steel Announces Ohio Expansion
Michigan-based distributor Mill Steel is growing its presence in Ohio.