TimkenSteel Corp., a leader in high-quality specialty steel, manufactured components and supply chain solutions, and the United Steelworkers (USW) Local 1123 have jointly agreed to extend their contract, which expires on Monday, September 27, 2021. The two-week extension will allow negotiations to continue as both sides work toward a mutually acceptable agreement. The extension will expire on Monday, October 11, 2021. "Negotiations are moving forward constructively," said

Legato Merger Corp. a publicly traded special purpose acquisition company, today announced that its Special Meeting of Stockholders (the “Special Meeting”) has been set for October 14, 2021 at 11:00 a.m.EST. Stockholders of record as of August 18, 2021 (the “Record Date”) are eligible to vote at the Special Meeting to consider the previously announced business combination with Algoma Steel Group Inc. (“Algoma” or the “Company”), a fully integrat

PyroGenesis Canada Inc. a high-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, today announces that Pyro Green-Gas, formerly known as AirScience Technologies Inc.(“AST”), a wholly owned subsidiary of PyroGenesis Canada Inc, has been selected to supply its landfill biogas purification system to Carb

Ongoing automation advances by Taiwan's metal forming and welding companies are helping customers reduce errors, eliminate waste, and cope with the shortage of skilled workers, according to a webinar held in conjunction with last week's FABTECH 2021 conference in Chicago. Companies participating in the webinar,  "Innovative Thinking and Metal Forming and Welding after the Pandemic," predicted continuing innovations that will further trim processing time, limit manpower

Universal Stainless & Alloy Products, Inc. today announced a base price increase of 3% to 10% on all long products. The increase goes into effect immediately for all new orders. Current material and energy surcharges will remain in effect. Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, “This year has brought sharp inflationary cost increases to nearly all areas of our business, and it has become necessary for us to adjust our pricing to kee

Alcoa Corporation announced today that it plans to restart 268,000 metric tons per year (mtpy) of aluminum capacity at the Alumar smelter in São Luís, Brazil, which has been fully curtailed since 2015. The process to restart the idle capacity will begin immediately. The first molten metal is expected in the second quarter of 2022, and the full 268,000 mtpy of capacity is expected to be operational in the fourth quarter of 2022. By 2024, the Alumar smelter will be power

ArcelorMittal today announces it has become an anchor partner in Breakthrough Energy’s Catalyst program, committing to an equity investment of $100 million over the next five years. Founded by Bill Gates, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050. Breakthrough Energy’s efforts include investment vehicles, philanthropic programs, policy advocacy, and other initiatives, including Catalyst. Cat

Olympic Steel, Inc. a leading national metals service center, today announced the sale of substantially all of the Company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the final sale price. “We remain focused on our long-term strategy to further diversify our business, deliver consistent pr

Nucor Corporation  today announced guidance for its third quarter ending October 2, 2021. Nucor expects third quarter earnings to be in the range of $7.30 to $7.40 per diluted share. Third quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record of $5.04 per diluted share set in the second quarter of 2021.   All three operating segments continue to generate robust profitability as overall demand remains str

United States Steel Corporation  today announced, as part of the continued transition to its Best for AllSM strategy, an exploratory site selection process to build a new state-of-the-art mini mill in the United States. The U. S. Steel Board of Directors has authorized an exploratory site selection process to build capability with a new, three-million-ton mini mill flat-rolled facility to be constructed in the United States. The planned mini mill will combine two state-of-the-