Press Releases

To meet the needs of food and chemical processing industries, Leine Linde now offers a splash-proof and corrosion-resistant absolute encoder for machinery positioning and synchronization. This encoder is part of the RSA 500 family, and is available in North America through parent company HEIDENHAIN. The encoder is made of stainless steel, grade 1.4404, and can be obtained with a custom assembly built to withstand aggressive liquids. For example, some liquids processed in the food in

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Alcoa Corporation announced today that the Portland Aluminium joint venture plans to restart 35,000 metric tons per year (mtpy) of curtailed capacity at its aluminum smelter in the State of Victoria in Australia. The process to restart the capacity, which has been idle since 2009, will begin immediately, with metal production expected to start in the third quarter of 2022. Portland Aluminium is an unincorporated joint venture with 358,000 mtpy of total capacity, and Alcoa

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Ampco-Pittsburgh Corporation announced today that it would be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, Texas. J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees. The Corporation's presentation begins at 12:45 p.m. CT and will be webcast live on the Investor Relations page of the Ampco-Pittsburgh websit

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Russel Metals Inc., announces that it has entered into an agreement to acquire a group of companies that operate as Boyd Metals ("Boyd") for US$110 million, subject to closing adjustments. Boyd operates five service centers in Fort Smith (Arkansas), Little Rock (Arkansas), Joplin (Missouri), Oklahoma City (Oklahoma) and Tyler (Texas).  Boyd's product mix is primarily comprised of carbon steel products, but also includes stainless steel, aluminum and other related

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Hyzon Motors Inc., a leading global supplier of zero-emissions hydrogen-powered fuel cell electric commercial vehicles, announced today a joint demonstration project with Zhangjiagang Haili Terminal Co., Ltd., a subsidiary of Fortune 500 company Sha Steel Group, the 4th largest steel company and the largest private steel enterprise in the world. Under the demonstration agreement, Hyzon Motors expects to supply 49-ton hydrogen fuel cell heavy-duty trucks for a 60-day trial at Sha Ste

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Worthington Industries, Inc., announced that its Steel Processing segment has signed an agreement to acquire Tempel Steel Company, one of the world's leading manufacturers of precision motor and transformer laminations for the electrical steel market. Tempel is a global business and manufactures in five facilities located in Chicago, Canada, China, India and Mexico. “Acquiring Tempel will immediately make us a market leader in the rapidly growing electrical steel market th

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Tata Steel and Tata Power, the two flagship companies of the Tata Group, have come together to develop a grid-connected solar project in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41MW solar project, which will be a combination of rooftop, floating and ground mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar(19.22M

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Rio Tinto and BlueScope will work together to explore low-carbon steelmaking pathways using Pilbara iron ores, including the use of clean hydrogen to replace coking coal at BlueScope’s Port Kembla Steelworks. The two companies have signed a Memorandum of Understanding (MOU) to research and design low-emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies. Rio Tinto and BlueScope will prioritise stud

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TrueNorth Steel is a Fargo, ND based fabricator of structural steel materials utilized in wide range of applications from building structures to storage tanks, corrugated steel drainage products and bridges. The company has been executing a long-standing conservative growth strategy through organic growth and acquisitions since its inception in 1945. The structural steel division of TrueNorth Steel fabricates steel used in commercial, residential, and industrial construction project

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Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has entered into a joint venture with Triple M Metal LP (“Triple M”), one of North America’s largest privately-owned ferrous and non-ferrous metal recycling companies, establishing a jointly owned company known as ATM Metals Inc. The new entity will source prime scrap metal and other iron units to meet Algoma’s business needs, including in

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