ArcelorMittal Dofasco announced a coating addition of its No.5 Hot-Dipped Galvanizing Line in Hamilton, ON to Aluminum Silicon (Alusi®) for the production of ArcelorMittal’s patented Usibor® Press Hardenable Steel for automotive structural and safety components. With the investment, ArcelorMittal Dofasco will become the only Canadian producer of Alusi® Coated Usibor®. This investment complements additional strategic North America developments announced previous

Russel Metals Inc. announces that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn").  The closing is expected to occur on or prior to December 31, 2020. Sanborn is a metals service center with a heavy emphasis in value-added processing.  The Sanborn operation, based in Pewaukee, Wisconsin, is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our prod

TimkenSteel Corp., a leader in customized alloy steel products and services, announced it will increase prices on seamless mechanical tubing (SMT) products by $40 per ton. These increases are effective immediately with new orders received, and for all shipments beginning March 1, 2021. All surcharge mechanisms remain in effect. About TimkenSteel Corporation TimkenSteel manufactures high-performance carbon and alloy steel products in Canton, OH serving demandi

CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced today the acquisition of Dahlquist Machine, Inc. (“Dahlquist Machine” or the “Company”), a provider of precision machined components primarily for the medical and instrumentation end markets, by an affiliate of CORE, Incodema Holdings LLC (“Incodema”). Founded in 1969 and headquartered north of Minneapolis in Ham Lake, Minnesota, Dahlquist Machine special

Rio Tinto is investing $8.4 million to expand the recycling capacity of its aluminium operations in Saguenay-Lac-Saint-Jean, Quebec, to offer rolled product customers in North America a new, sustainable solution combining low-carbon and recycled aluminium. A new remelt furnace will be added at the Laterrière Plant’s casting centre to recycle aluminum cuttings from Rio Tinto’s operations and rolling mill customers in manufacturing sectors, producing rolling ingots

SMS group and Lamina y Placa Comercial S.A de C.V, part of the Villacero Group, successfully completed the hot commissioning of the revamped galvanizing line in Apodaca, Mexico. For the project, SMS supplied a new four-high inline skin-pass mill, a new tension leveler, new fluid equipment and new electrical and automation systems. The project consisted of four consecutive phases, starting with the relocation of the existing equipment on a new bridge structure, thus allowing the inst

Norfolk Iron & Metal, Co. ("NIM"), a full-line steel service center, and The Coeur d'Alenes Company (Cd'A Metals), a full-line metal service center in the Inland Northwest, jointly announced that they have entered into a definitive agreement in which NIM will acquire Cd'A Metals. The transaction is expected to close on or before December 31, 2020. The acquisition will complement NIM's market coverage, adding three new locations in the Northwest, and fur

Rio Tinto, a leading global mining and metals company, and Nippon Steel Corporation, Japan’s largest steel producer, have signed a Memorandum of Understanding (MoU) to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. Rio Tinto and Nippon Steel share a long history of working together, with the first shipment of iron ore from Australia to Japan coming from Rio Tinto’s Pilbara operations in 1966 and going to Ya

Olympic Steel Inc., a leading national metals service center, today announced that it has acquired the assets of Action Stainless & Alloys, Inc., the Company’s fourth acquisition in the past three years. The all-cash purchase is immediately accretive. Terms were not disclosed. Action Stainless & Alloys, based outside of Dallas, Texas, is a full-line distributor of stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe and offers a range of

Midwest-based Contractors Steel, a portfolio company of UPG Enterprises LLC has acquired Los Angeles-based Borrmann Metal Center, a leading light structural and specialty metal service center. The acquisition expands Contractors Steel's footprint in the Southwestern United States and Mexico and increases its breadth of product offerings in previously untapped markets, including aerospace. Founded in 1919, by George and Jane Borrmann, Borrmann Metal Center helped pioneer metal wa