Press Releases

Manna Capital Partners, a minority-owned business enterprise and investment firm, and Ball Corporation, a leading global provider of infinitely recyclable aluminum beverage packaging, today announced an alliance in which Manna will construct and operate a state-of-the-art aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and also intends to take a minority equity position in the mill. Today's announcement demon

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The "Cold Drawn Seamless Steel Pipes Market By Standard (ASTM A179, ASTM A511, ASTM A213, ASTM A192, ASTM A209, ASTM A210, ASTM A333, ASTM A335, ASTM A53), Product Type, Production Process, Application, End-use Industry, and Geography - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. This report provides in-depth analysis of the cold drawn seamless steel pipes market in five major geographies and emphasizes on the current market siz

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Insteel Industries Inc., announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on June 24, 2022, to shareholders of record as of June 10, 2022. About Insteel Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engi

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US sheet metal demand in nominal terms is forecast to decline 7.6% annually through 2026, according to Sheet Metal: United States, a report recently released by Freedonia Focus Reports. Losses will reflect falling prices from their peak in 2021, as producers increase production as well as invest in further production capacity. Through 2026, all market segments are forecast to experience declines. Building products will fall the least of any segment, supported by 1.1% yearly growth in building

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ArcelorMittal (‘the Company’) announces that 60 million treasury shares have been cancelled to keep the number of treasury shares the Company holds within appropriate levels. This cancellation takes into account shares already purchased under the US$1 billion share buyback announced on 5 May 2022. As a result of this cancellation, ArcelorMittal will have 877,809,772 shares in issue (compared to 937,809,772 before the cancellation). Details on share buyback prog

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Steel Dynamics, Inc. congratulates Mark D. Millett for being named the Association for Iron & Steel Technology (AIST) Steelmaker of the Year, one of AIST's highest honors recognizing his outstanding contributions to the steel industry. "Millett is awarded Steelmaker of the Year in recognition of his innovative and steadfast leadership to guide the strategic growth of Steel Dynamics Inc. by fostering a culture recognized for valuing personal safety, customer service, soc

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Nucor Corporation announced today that it has entered into an agreement with an affiliate of investment funds managed by Kohlberg Kravis Roberts & Co. L.P. to acquire C.H.I. Overhead Doors (C.H.I.), a leading manufacturer of overhead doors for residential and commercial markets in the United States and Canada.  The transaction is valued at $3.0 billion, which represents approximately 13x C.H.I.'s estimated trailing twelve-month EBITDA at close.  The transaction is expected t

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Steel Dynamics, Inc. announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of ROCA ACERO S.A. de C.V. ("ROCA") to be funded with available cash.  ROCA is headquartered in Monterrey, Mexico and operates a ferrous and nonferrous scrap metals recycling business.  ROCA's primary operations are comprised of four scrap processing facilities, strategically positioned n

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CoTec Holdings Corp., is pleased to announce that it has entered into an agreement to acquire a 15.8% equity interest in MagIron LLC ("MagIron") for a US$2 million. MagIron is a U.S. based company that is in the process of acquiring a green iron ore project that it intends to refurbish and bring back into production. The investment includes terms customary for an investment of this nature, including Board representation subject to CoTec maintaining a 10% equity interest. J

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The Board of Directors of GrafTech International Ltd. declared a quarterly cash dividend of $0.01 per share to stockholders of record as of the close of business on May 31, 2022, to be paid on June 30, 2022. About GrafTech GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio

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