Olympic Steel Inc., a leading national metals service center, today announced the opening of its newest 120,000-square-foot metal processing facility, located in Buford, Georgia. The location expands the Company’s southeastern region footprint, which also includes facilities in Locust, North Carolina; Winder, Georgia; and Hanceville, Alabama. The Buford facility will act as the region’s primary flat rolled fabrication hub, with first-stage metal processing anchored in th

L-com, an Infinite Electronics brand and a preferred manufacturer of wired and wireless connectivity products, announced today that it has released a new line of stainless steel NEMA-rated, weatherproof equipment enclosures that can be used to house and protect valuable equipment in harsh environments. L-com's new NBSS-series stainless steel enclosures are available in 12x10x06 and 14x12x07-inch sizes and feature rugged 16-gauge, brushed 304 stainless steel construction. Additio

Shougang Zhixin Qian’an Electromagnetic Material, China, has awarded an order to SMS group for the supply of two annealing and coating lines for electric steel strip. The lines will expand the annual production capacity of fully-finished non-grain- oriented electric steel strip with high silicon content at the existing production location in Hebei province by 360,000 tons. In both annealing and coating lines, the internal microstructure of the cold rolled material will be adjusted durin

To consolidate its market position by upgrading its existing production capacity, a customer in the People’s Republic of China has signed a contract with Primetals Technologies for three high-speed wire rod mills in the northern region. The new mills improved thermo-mechanical rolling capabilities will complement additional mills moving into the company’s main production base. Start-up is expected in mid- to late 2020. The scope of supply for the single-strand high-speed

Novolipetsk’s new generation blast furnace No. 7 is the most advanced of its kind in Russia and one of the most productive blast furnaces in the world. Output: 4.2 million tonnes of pig iron a year Investment in the project: over 43 billion rubles First batch of pig iron made in 2011 Number of employees: 137 Blast furnace No. 7 is the first and only blast furnace built in a post-Soviet country in the past 25 years and

Steel Dynamics, Inc. announced that the company's board of directors has declared a quarterly cash dividend of $0.25 per common share.  The dividend is payable to shareholders of record at the close of business on June 30, 2020, and is payable on or about July 10, 2020. About Steel Dynamics, Inc. Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals

According to the new market research report "Long Steel Market BY Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), And Region (NA, Europe, APAC, MEA, SA) - Global Forecast To 2025", published by MarketsandMarkets™, the Long Steel Market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to

Cleveland-Cliffs Inc. announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel 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 an emphasis on non-commoditized products,

Optomec a leading, privately-held global supplier of production-grade additive manufacturing equipment and software today announced it is now offering integrated robotic automation for its Huffman line of production 3D Metal Additive Repair machines. The solution combines Optomec’s best-in-class Huffman line of production laser cladders together with a Fanuc LRMate 200, a compact, six-axis industrial robot with the approximate size and reach of a human arm. This robotic integr

Business Wire India ‘GPMA’ request Government to compensate “COVID-19” damages by giving relief in container demmurage, detention, ground rent, interest, etc. as a result of huge backlog of containers carrying waste paper, lying at ports