ArcelorMittal  today announces it has signed an agreement with the shareholders of Companhia Siderúrgica do Pecém (‘CSP’) to acquire CSP for an enterprise value of approximately $2.2 billion. Transaction closing is subject to certain corporate and regulatory approvals, including CADE (Brazilian antitrust) approval which is expected by late 2022. CSP is a world-class operation, producing high-quality slab at a globally competitive cost. CSP’s stat

CEO Coaching International, the leading executive coaching firm for growth-focused CEOs and entrepreneurs globally, is pleased to congratulate its client, Quicken Steel LLC, on recently being acquired by Majestic Steel USA, Inc. This marks CEO Coaching International's 50th client exit, the majority of which have been eight, nine, or 10-figure exits. According to the press release, Quicken Steel, a manufacturer of steel buildings and components based in Claxton, Georgia, "wi

Stelco Holdings Inc.  announced today its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase up to 30,000,000 of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash at a price of $35.00 per Share (the “Purchase Price”) for an aggregate maximum purchase amount of $1,050,000,000. The Purchase Price represents a premium of app

IperionX Limited  is pleased to announce that the U.S. Department of Energy (“DOE”) has approved a technical collaboration between IperionX and Oak Ridge National Laboratory to advance the application of low cost alloys utilizing spherical powder produced through IperionX’s titanium technologies. The User Agreement has been executed to advance work between ORNL and IperionX at DOE’s Manufacturing Demonstration Facility (“MDF”) at ORNL. The MD

The Initiative for the Study of Russian Piracy (ISRP) will launch a new project tomorrow, July 26, to expose the magnitude and potential impact of Russia's looting of Ukrainian assets. To kick off the effort, ISRP will release a report concluding that Russia has looted more than half a million metric tons of Ukrainian grain and 11,000 metric tons of Ukrainian steel. The illegal activity provides Russia with income and commodities to be used in a war that has killed thousands of

Fancamp Exploration Ltd.  and KWG Resources Inc.  are pleased to announce that they have entered into a binding agreement dated July 20, 2022 with respect to a proposed transaction (the “Proposed Transaction”) involving the sale by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the “Koper Lake-McFaulds” mineral properties, comprised of four (4) mining claims (the “Mining Claims”) located within the

United States Steel Corporation  today issued its 2021 Sustainability Report highlighting its continued transformation and investments in sustainable and advanced steelmaking technologies, enhancing the Company’s competitive advantages. “I am excited about the significant progress we continue to make on our sustainability goals and what it means for our people, customers, communities and products,” said David B. Burritt, U. S. Steel President & Chief Execu

Fodere Titanium Limited  the owner of a proprietary zero waste technology capable of extracting value from a wide variety of mineral and industrial waste feedstocks, today announced that it has commenced construction of a seven ton per day pilot plant near Kitwe, Zambia. The pilot plant is a crucial step towards demonstrating the advantages of Fodere’s technology and enabling its widespread commercialization. The pilot plant will facilitate refinement of the production process and

Algoma Steel Group Inc. announced today that the Company has reached a tentative agreement for a new labour contract with United Steelworkers (“USW”) Local 2724, the union representing its technical, professional and front-line supervisory employees. The current collective agreement expires July 31, 2022. Ratification votes are scheduled for July 21st through July 25th, 2022. The Company will not be releasing details of the tentative agreement until after the Union has held its in

CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Tenere Inc , a leading manufacturer of custom mechanical solutions to the information & communication technology, fiber and renewable energy end markets, by CORE portfolio company CGI Manufacturing Holdings (“CGI”). Tenere is the seventh add-on acquisition to the CGI platform that CORE launched in August 2021. The c