Press Releases
Ampco-Pittsburgh Corporation announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel” or “the Corporation”), will raise prices on its forged engineered products (FEP). This increase is effective immediately on all new orders received as of October 25, 2021, or as relevant contract terms permit. The Corporation will also implement an alloy and energy surcharge on all orders shipping on or after January 1, 2022. The price ad
Read more...25 October 2021
United States Steel Corporation was featured today in Newsweek’s Most Loved Workplaces list for 2021, ranking 43rd among the top 100 companies recognized for employee happiness and satisfaction at work. “At U. S. Steel, fostering a high-performance, caring culture is key to our success. Our industry-leading safety performance, diverse and collaborative workplaces, and inclusive benefit offerings are examples of how we create an environment where employees can thrive,&rdq
Read more...22 October 2021
Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced its latest achievement in industrial automation with the deployment of its 3D LiDAR solutions for heavy machinery operation in China. Collaborating with Hunan Qiaokang Bridge Health Intelligent Technology and Liuzhou Bierte Industrial Intelligent Technology, the solution provides highly accurate 3D modeling of bulk material piles to enable safe, effi
Read more...19 October 2021
Reportlinker.com announces the release of the report "Global Steel Industry" - https://www.reportlinker.com/p03907009/?utm_source=GNW Steel is the foundation for a number of industries in general and manufacturing industry in particular. Market fortunes of finished steel products market depend on health of key end-use markets such as construction sector, automobile and automotive component manufacturing, metal goods fabrication, ship building, machinery manufacturing, oil &am
Read more...Steel Dynamics, Inc. announced that it has entered into a definitive agreement to acquire a minority equity interest in New Process Steel, L.P. ("New Process Steel" or "New Process"). New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston, Texas, with a focus toward growing its value-added manufacturing applications. "We have enjoyed a strong customer relationship with New Process since our founding,
Read more...13 October 2021
United States Steel Corporation today announced that it will release financial results for the third quarter 2021 on Thursday, October 28, 2021 following the close of trading on the New York Stock Exchange. Interested stockholders, investors, and others may listen to the company’s webcast on Friday, October 29, 2021 at 8:30 a.m. EDT. The webcast will discuss the third quarter 2021 financial results and provide a company update which may include forward-looking information. U.
Read more...13 October 2021
The "United States and Canada Steel Pipe Piles Market Size By Product, By Application, And Forecast" report has been added to ResearchAndMarkets.com's offering. United States and Canada Steel Pipe Piles Market was valued at 3,780,059.6 Tons in 2020 and is projected to reach 5,679,108.5 Tons by 2028, at a long-term CAGR of 5.52 % from 2021 to 2028. The Global United States and Canada Steel Pipe Piles Market report provides a holistic evaluation of the market f
Read more...Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximat
Read more...12 October 2021
Flexsteel Industries, Inc., one of the largest manufacturers, importers and online marketers of furniture products in the United States, announced today that it will issue its first quarter 2022 financial results after market close on Monday, October 25, 2021. A conference call and audio webcast with analysts and investors will be held on Tuesday, October 26, 2021 at 8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 866-777-2509 (dom
Read more...Reliance Steel & Aluminum Co. announced today that effective October 1, 2021, it has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United’s broad product offering includes full lines of steel pipe, copper tubing, pla
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