In response to the catastrophic tornado outbreak that tore through Kentucky, CC Metals & Alloys (CCMA), a Calvert City, KY-based mining and metals company led by Mordechai Korf and Uriel Laber that employs dozens of local Kentucky workers, announced it is donating over $70,000 in emergency supplies for Kentucky families to help get them back on their feet as quickly as possible. This week, CCMA will deliver truckloads of food, bottled water, diapers, baby formula, blankets, pill

United States Steel Corporation today provided fourth quarter 2021 guidance. Fourth quarter 2021 adjusted EBITDA is expected to be approximately $1.65 billion. “Our business continues to operate at record safety, quality, and reliability levels,” commented U. S. Steel President and Chief Executive Officer David B. Burritt. “We are ending 2021 from a position of strength and expect continued strong performance in 2022 and beyond. This year, we’ve transformed t

Desktop Metal  today announced it has qualified the use of D2 tool steel for the Production System™ platform, which leverages patent pending Single Pass Jetting™ (SPJ) technology designed to achieve the fastest build speeds in the metal additive manufacturing industry. Businesses can now leverage SPJ technology for the production of parts in high-strength, high-temperature applications such as cold work metal forming tools, dies, and punches as well as injection molds with co

Nucor Corporation announced guidance for its fourth quarter ending December 31, 2021. Nucor expects fourth quarter earnings to be in the range of $7.65 to $7.75 per diluted share. Fourth quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record of $7.28 per diluted share that was set in the third quarter of 2021. Steel mills segment earnings in the fourth quarter of 2021 remain robust and are expected to be comparable

Nucor Corporation announced today that it has reached agreements to acquire a majority ownership position in California Steel Industries, Inc. (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. (Vale) and a 1% equity ownership stake from JFE Steel Corporation (JFE). The company will be a joint venture between Nucor and JFE, pending regulatory approvals.  Nucor will pay a cash purchase price to Vale of $400 million for the 50% enterprise value, adjusted for net debt

CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced today the acquisitions of Precision Metal Fab and Precision Tool & Die (collectively, “PMF” or the “Company”), a provider of metal cutting and forming solutions, by CORE portfolio company CGI Automated Manufacturing (“CGI”). The transactions follow CORE’s acquisition of CGI in August and Advanced Laser Machining (“AL”) in October. Fo

Three of America's leading industrial and transportation companies – United States Steel Corporation, Norfolk Southern Corporation and The Greenbrier Companies, Inc. – today jointly announced a new, more sustainable steel gondola railcar. Using an innovative formula for high-strength, lighter-weight steel developed by U. S. Steel, each gondola’s unloaded weight is reduced by up to 15,000 pounds. Gondola railcars transport loose bulk material such as metal scraps, coils,

Greenwave Technology Solutions, Inc. is pleased to report it plans to open its 12th metal recycling facility in Fairmont, NC on or about January 12, 2022. The opening of this new facility will expand the Company’s footprint to southern North Carolina as Greenwave plans to rapidly grow its metal processing volumes and revenue during 2022. “With the recent closing of our $37.7 million offering, Greenwave is fully funded and positioned to rapidly expand the number of metal

The sale of Tempel Steel Company to Worthington Industries closed on Dec. 1, Tempel Holdings Inc. announced. Worthington Industries purchased Tempel Steel Company for a base purchase price, as defined in the agreement, of $295 million, reduced by approximately $40 million of liabilities which were assumed by the buyer. "There are great synergies between these two organizations," said Christopher Stephan, president and chairman of Tempel Holdings Inc. "Tempel Steel Com

Nucor Corporation announced today that the Company's board of directors has approved the construction of a rebar micro mill, with spooling capabilities, to be located in the South Atlantic region. This will be Nucor's third rebar micro mill, joining its existing micro mills in Missouri and Florida, both of which began operations in 2020. The budgeted capex for the new micro mill is $350 million. It will have an annual capacity of 430,000 tons. "We have recently executed