Press Releases

Press Releases

SSAB has received approval from the European Commission to sell Naantali steel service center in Finland, Halmstad steel service center in Sweden and 50% of the shares in Norsk Stål Tynnplater AS to Tata Steel in Europe. These transactions are part of the divestment remedies that the European Commission deemed…

Press Releases

Constellium N.V. announced today that it is investing €22.5 million in its site located in Decin, Czech Republic. The investment, expected to be completed by April 2016, will include a new casthouse, a new indirect extrusion press line for production of hard alloy bars and profiles, a new drawing line, and…

Press Releases

Insteel Industries, Inc.  today announced that it will be closing its prestressed concrete strand ("PC strand") facility in Newnan, Georgia and moving the manufacturing to its other three PC strand production facilities located in Gallatin, Tennessee; Houston, Texas; and Sanderson, Florida. The Newnan facility was acquired from American Spring Wire…

Press Releases

Commercial Development Company Inc. (CDC), a leading North American commercial real estate and brownfield redevelopment company, today announced the acquisition of a 425-acre, environmentally-distressed, former steel mill in Claymont, Delaware from steel manufacturer Evraz. CDC and Environmental Liability Transfer, Inc. (ELT), an affiliate of CDC, have assumed responsibility for legacy…

Press Releases

New Page Capital, a Greensboro, N.C.-based private equity firm focused on investing in privately held companies in the Piedmont Triad region, announces it has acquired Engineered Steel Products, a Sophia, N.C.-headquartered structural steel manufacturing company. During the sale process, Bundy Group served as exclusive advisor to Engineered Steel Products and…

Press Releases

The global specialty chemicals group SKW Metallurgie announces that Dr. Dirk Markus, who has belonged to the Supervisory Board of the Company since 2009 as an ordinary member, has resigned from the position with effect from February 28, 2015. "My increasing duties from other professional engagements regrettably do not leave…

Press Releases

AK Steel (NYSE: AKS) said today that members of the United Steelworkers (USW) international union have ratified a new 4-year labor agreement covering about 215 hourly production and maintenance employees at the company's Mountain State Carbon cokemaking plant in Follansbee, West Virginia.  The new agreement will take effect on March…

Press Releases

The order, worth approximately 8 million USD (SEK 66 million), will provide air filtration for an electric arc furnace. The customer’s existing air filtration equipment is aging and undersized. Nederman worked closely with the customer to engineer the solution to fit the existing facility. Nederman’s solution is the Mikropul long…

Press Releases

Atlantic Coast Pipeline LLC, which has proposed a 550-mile natural gas pipeline to bring much-needed energy to Virginia and North Carolina, today announced an agreement totaling more than $400 million with Dura-Bond Industries to produce steel pipe for the project. Pending approval by the Federal Energy Regulatory Commission (FERC), the…

Press Releases

General Steel Holdings, Inc, a leading non-state-owned steel producer in China, announced today that its Board of Directors has approved a strategic restructuring plan designed to accelerate the Company's business transformation. The transformation includes implementing additional cost-cutting programs at Longmen Joint Venture, selling the Company's stake in General Steel Special…