Nucor Corporation announced today that it will add a new melt shop at its bar mill in Kingman, Arizona. The new $100 million melt shop will have the capacity to produce 600,000 tons annually and create approximately 140 new full-time jobs paying an average annual wage of approximately $85,000. Construction of the melt shop is expected to take two years pending permit and regulatory approvals. "This investment in a new melt shop at our Arizona bar mill is part of our strategy to

Algoma Steel Group Inc.  today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 41,025,641 of its common shares (“Shares”) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million. Shares purchased under the Offer represent approximately 27.9% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately following compl

Tacora Resources Inc. today announced that Heng Vuong will be joining the Company as Executive Vice President and Chief Financial Officer on September 12, 2022. Mr. Vuong will lead Tacora's finance, treasury, tax, risk management, corporate development and accounting functions and report directly to Joe Broking, President and Chief Executive Officer. "I am very pleased to welcome Heng to the Tacora team," said Mr. Broking. "Heng's experience and proven track r

 SIJ Americas (a wholly owned subsidiary of SIJ- Slovenian Steel Group) is pleased to announce that it has acquired and established a new 35,000 square foot warehouse facility. Just 25 miles southwest of Chicago, the centrally located warehouse is slated to be fully operational August 1, 2022 and will be stocking and supplying stainless and tool steel products for its US & Canada based distributor partners. As the North American distribution arm of the SIJ Group, SIJ Americ

UPG Enterprises LLC through its Electrical Steel Division has acquired Orchid Monroe, LLC, a leading manufacturer of electrical steel laminations and complete rotor and stator cores for electric motors and generators. With state-of-the-art engineering, Orchid's in-house manufacturing and tooling can produce, engineer, prototype, slit, stamp, anneal, die cast, robotic weld, finish and test electrical steel. "Today's announcement is another step in UPG's commitment to

Storage & Transfer Technologies (STT), a wholly owned subsidiary of Carmeuse, in partnership with Schenck Process, is excited to launch a new lime injection system for electric arc furnace steel plants globally. This collaboration combines the expertise of each company's focus on lime handling, dense phase conveyance and lime manufacturing to bring an effective offering to the market. Customized to meet each steel plant's site and lime requirements, the system components include t

Bobby Valentine convened with interns from Steel Partners, a diversified holding company, to celebrate National Intern Day in Milwaukee this week. Of the company's more than 80 interns, 60 met with company leaders from Steel Partners' operating companies including Lucas-Milhaupt, a global provider and leading producer of metal joining products based in Cudahy; MTE Corporation, which specializes in magnetics and transformer designs and is based in Menomonee Falls; and MTI, a

Platinum Equity today announced that it has entered into exclusive negotiations to acquire Imerys SA's High Temperature Solutions business (HTS) in a transaction valued at approximately €930 million. The proposed transaction, which is subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed by the end of the year. HTS is a leading global prov

Storage & Transfer Technologies (STT), a wholly owned subsidiary of Carmeuse, in partnership with Schenck Process, is excited to launch a new lime injection system for electric arc furnace steel plants globally. This collaboration combines the expertise of each company's focus on lime handling, dense phase conveyance and lime manufacturing to bring an effective offering to the market. Customized to meet each steel plant's site and lime requirements, the system components include t

The Steel Manufacturers Association (SMA) announced today that Tenaris and the company's president over its U.S. operations, Luca Zanotti, have joined the association and its board of directors. Tenaris operates multiple steel pipe facilities in the U.S. as well as an electric arc furnace steel mill in Koppel, Pennsylvania, with 430,000 tons of annual steelmaking capacity. Tenaris also operates the world's most technologically advanced seamless pipe mill in Bay City, Texas,