The United Steelworkers (USW) today issued the following statement from International President Thomas M. Conway after U.S. Steel announced plans to sell two blast furnaces at Granite City Works and informed the union of its intention to keep only one finishing mill active at the facility: "U.S. Steel has established a trend in recent years of shutting down operations, as it has done at the Great Lakes facility in Detroit, Lone Star Steel in Texas, tubular operations in Ohio, a

OPM Label and Packaging Group, Macaran Printed Products and Syracuse Label announced they have launched a joint venture - SKYLARK™ - to market and manufacture TLC® (Thicker Label Closure) to the North American moist wipe packaging marketplace. TLC® - a patented re-seal label solution* - gives brand owners an opportunity to replace rigid flip-top closure systems with a semi-rigid label system that optimizes product sustainability, maximizes package functionality, a

AZZ Inc., and Fernweh Group LLC, jointly announced today they have entered into a definitive agreement whereby AZZ will contribute its AZZ Infrastructure Solutions Segment1 ("AIS") to AIS Investment Holdings LLC (the "AIS JV"), and sell a 60% interest in the AIS JV to Fernweh at an implied enterprise value of AIS of $300 million. The valuation represents approximately 8.1x AIS LTM 2/28/2022 adjusted EBITDA2 of roughly $37 million and is expected to result in cash proceeds

Tosyali Harsco, a joint venture between Harsco Environmental and Tosyali Holding, announced today it has successfully entered into a new multi-year services contract with Kardemir Steel. Kardemir is a family-owned steel mill located in Izmir, Turkey, producing long products and profiles at three separate facilities. Kardemir owns and operates three hydroelectric power stations in Hakkari, Ordu and Van, two wind power stations in Aydin and Aliaga/Izmir and solar power stations.

Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial issuer bid (the “Offer”) to purchase for cancellation up to US$400 million of its common shares (“Shares”). The Offer will expire at 5:00 p.m. (Eastern Time) on July 27, 2022, unless extended or withdrawn. The Offer by Algoma is being made by way of a “modified Dutch Auction&rdq

The Magnitogorsk Steel Complex announced that in accordance with the terms and conditions contained in the Memorandum of Consent dated June 6, 2022, MMK International Capital DAC (the " Issuer ") outstanding notes due 2024 (total face value of US$500 million at an interest rate of 4.375%) (International Securities Identification Number (ISIN): XS1843434959 (Regulation S) / US553142AA88 (Section 144A) Regulations); General Code: 111730628 (Regulation S) / 111730628 (Regulation 144A R

Baltic Iron Doors, California’s leading luxury iron door manufacturers, offers Mediterranean Entryway designs with their custom iron doors. The announcement came following the company’s preparations to expand its iron door services in California. Baltic Iron Doors Mediterranean front door designs are meant to enhance the visuals and safety of a home. Solid iron door sales have risen dramatically over the last ten years. Most houses prefer the style and durability of iron

PJSC Magnitogorsk Iron & Steel Works  informiert über zweite Verlängerung der Consent Solicitation für seine ausstehenden 4,375% Notes im Nominalwert von 500.000.000 US-Dollar (2024 fällige garantierte Notes). Am 9. Juni 2022 gab PJSC Magnitogorsk Iron & Steel Works (der „Garant“) die Verlängerung der Consent Solicitation für die ausstehenden, im Jahr 2024 fälligen und von MMK International Capital DAC (der „Emittent&

Steel Dynamics, Inc. today provided record second quarter 2022 earnings guidance in the range of $6.33 to $6.37 per diluted share. Excluding the impact from costs associated with the startup of the company's Sinton Texas Flat Roll Steel Mill growth investment of an estimated $76 million, or $0.28 per diluted share, the company expects second quarter 2022 adjusted earnings to be in the range of $6.61 to $6.65 per diluted share.  Comparatively, the company's sequential fi

Nucor Corporation  today announced guidance for its second quarter ending July 2, 2022. Nucor expects second quarter earnings to be in the range of $8.75 to $8.85 per diluted share, which would surpass the previous quarterly earnings record of $7.97 per diluted share set in the fourth quarter of 2021. Nucor reported net earnings of $7.67 per diluted share in the first quarter of 2022 and $5.04 per diluted share in the second quarter of 2021. Included in the second quarter of 20