After successfully completing the commissioning of its new horizontal straightening machine, Hyundai Steel has awarded SMS group a follow-up order for the revamp of its Incheon heavy section mill in South Korea. With this revamp Hyundai Steel aims to expand its product range towards larger sections with webs of up to 1,100 millimeters and sheet piles up to a system height of 800 millimeters. SMS group takes up this challenge as the leader of a consortium with Hyundai Rotem, a subsid

Insteel Industries, Inc. announced that its third quarter 2019 earnings conference call will be webcast live over the internet on Thursday, July 18, 2019 at 10:00 a.m. ET following the release of the Company's third quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://insteelgcs.gcs-web.com/company-news/events-and-presentations and will be archived for replay. About Insteel

Steel Dynamics, Inc. provided second quarter 2019 earnings guidance in the range of $0.86 to $0.90 per diluted share.  Comparatively, the company's sequential first quarter 2019 earnings were $0.91 per diluted share and prior year second quarter earnings were $1.53 per diluted share. Second quarter 2019 earnings from the company's steel operations is expected to decrease in comparison to sequential first quarter results.  Although average product pricing declined a

Fujian Luoyuan Minguang Iron and Steel Co., Ltd., located in Luoyuan County, member of the Sangang Group, PR China, has awarded SMS group GmbH the order to supply a new section mill for parallel flange beams up to 750 millimeters web height. The new section mill will enable Fujian Luoyuan Minguang Iron and Steel to broaden their product portfolio and to respond to the high demand for beams in the region and in the People's Republic of China. The section mill will be desi

Zion Market Research has published a new report titled “Tool Steel Market by Material (Tungsten, Vanadium, Molybdenum, and Chromium), by Product Class (Cold-Work, High Speed, Hot-Work, Plastic Mold, and Others), by Application (Injection Molding, Forging, Die Work, and Others), and by End-Use (Automotive Parts, Food and Packaging, Aerospace, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global tool st

Sanjeev Gupta’s Liberty Steel, part of the global GFG Alliance, further expanded its footprint in the U.S. steel downstream products market today with the acquisition of Johnstown Wire Technologies (JWT) in Johnstown, Pennsylvania, the largest producer of value-added carbon and alloy wire in North America. The acquisition from private investment firm, Aterian Investment Partners, was financed by group equity along with loans from PNC Business Credit and gives Liberty valuable

SAIL (Steel Authority of India Limited) Durgapur, India, has awarded SMS group a turnkey contract for the supply of three new 110-ton converters for its steelmaking plant No. 2 to replace the converters SMS group supplied 25 years ago. The new converters will be rated for ten percent more volume. Moreover, SMS group will supply secondary dust collecting systems for the three converters. The new systems will be installed in the works for the first time and will more than meet the rel

Helix Steel continues to innovate and lead the market, not just with its products, but with new applications. Today Helix Steel is proud to announce two new Helix® products designed to meet the needs of the Ultra High-Performance Concrete (UHPC) market.  These Buy America compliant products are based on the company's patented Twisted Steel Micro RebarTM technology.  The twisted, screw-like shape of Helix® has been shown to provide advantages over the smooth ste

Brazil Minerals, Inc. announced today that it has obtained the rights to an iron project area with 4,120 acres in the “Quadrilátero Ferrífero” (Iron Quadrangle), one of the premier iron regions in the world with multiple operating mines. Iron ore is in high demand with strong sales of Brazilian iron ore for export (mainly to China) or for use by local steelmakers. Recently, the price of iron delivered at a foreign port spiked to US$109 per ton, the highest since 2013

The Global Seamless Steel Pipes Market is forecast to reach USD 88.06 Billion by 2026, according to a new report by Reports and Data. Seamless steel pipes are pipes with round hollow cross sections that do not have seams. They are generally factory-made using hot working steel. One of the advantages of the pipes is its growing preference. Seamless steel pipes can sustain high pressure. Generally, in welded pipes, the points of welds are the weakest for sustaining pressure, in turn d