EVRAZ NTMK (Nizhniy Tagil) completed the overhaul of Blast Furnace 6. Together with Blast Furnace 7 launched in April 2018, they form the most up-to-date and environment-friendly steel-making facility in Russia. The project has taken $176 mln in investments and 16 months to complete. The volume of the furnace is 2,200 m3, its scheduled annual production capacity – 2.5 mln tonnes of pig iron. Blast Furnace 5 reached the end of its useful life and was idled, decision on its furt

China's new standards for scrap imports cause inventory build-up. New standards for the imports of aluminium scrap into China came into effect on 1 July. The new standards are set to replace the current quota policy in place since July 2019. However, Chinese customs have not yet released key information regarding the specific HS codes for scrap shipments under the new policy. Without the codes, scrap traders have been unable to ship their material into China, which according to

GrafTech International Ltd. announced that its majority shareholder, a consortium led by Brookfield Business Partners LP (the “Brookfield consortium”), distributed a portion of its GrafTech common stock to the owners in the Brookfield consortium. While the same number of shares will continue to be owned by the current owners following the distribution, approximately 26.8 million shares will now be directly held outside of the Brookfield consortium, increasing the public float of t

Business Wire IndiaOtis eCall Customers call on Otis to support reopening strategies and facility-operation plans. Otis offers

Cleveland-Cliffs Inc. announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Founded in 1847, Cleveland-Cliffs is among the largest vertically integrated producers of differentiated iron ore and steel in North America. With a

Commercial Metals Company announced that its wholly owned subsidiary, CMC Steel Oklahoma, LLC, has acquired substantially all of the assets of AZZ's Continuous Galvanized Rebar business which, through a proprietary process, produces GalvaBar. GalvaBar is galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability. GalvaBar operates out of a dedicated facility in Tulsa, Oklahoma, and its products are sold thr

VANCOUVER, British Columbia, July 21, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) announces final drill results from its maiden drill program at is wholly owned Hog Heaven Project, which returned multiple significant intervals of high-grade silver, gold an

Steel Dynamics, Inc. today announced second quarter 2020 financial results. The company reported second quarter 2020 net sales of $2.1 billion and net income of $75 million, or $0.36 per diluted share. Excluding the impact from the following items, the company's second quarter 2020 adjusted net income was $100 million, or $0.47 per diluted share: Additional financing costs related to the company's June 2020 refinancing activities of approximately $25 million, or $0.0

Pensmore Reinforcement Technologies, dba Helix Steel is pleased to announce a strategic partnership with Micro Fibras de Acero CR S.A. Through this partnership, Helix Steel will be supplying Helix® Micro Rebar™ to the Costa Rican construction industry. Headquartered in San Jose, Costa Rica, Micro Fibras CR S.A. includes business partners Alberto Apestegui, ME, Enrique Blair, M.Sc., Ricardo Jimenez, and Campion Platt. Each partner is involved in different aspects of archite

Live Ventures Incorporated, a diversified holding company, today announced the acquisition of Precision Industries, Inc., which does business as Precision Marshall, for approximately $31.5 million in cash. The Washington, Pennsylvania-based independent manufacturer of premium tool steels and specialty alloys was founded in 1948 and is a vital link in the nation’s manufacturing supply chain. The company uses machine applications to transform raw steel into tool-and-die steels needed in t