United States Steel Corporation  announced today that its Board of Directors declared a dividend of $0.05 per share on U. S. Steel Common Stock. The dividend is payable December 10, 2018 to stockholders of record at the close of business November 9, 2018. United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe. For more information about U. S.

Novelis Inc., the world leader in aluminum rolling and recycling, today announced plans to establish a global network of Customer Solution Centers (CSCs) to accelerate collaborative innovation between Novelis and automakers for the next generation of vehicle design. Novelis will work with OEMs to determine how to maximize lightweight, high-strength aluminum to design the best solutions for specific applications at the right cost to better compete against steel and other materials. The facilit

Industry leaders joined Aluminum Association president & CEO Heidi Brock in testifying before the U.S. International Trade Commission (USITC) today. The testimony urged the USITC to reach a finding in the Commerce Department’s self-initiated case that unfairly-traded imports of common alloy aluminum sheet from China are injuring domestic producers.  Senior officials from association member companies: Aleris, Arconic, Constellium, Jupiter, JW Aluminum and Novelis shared details

Vinton Steel LLC of Vinton, Texas, has signed a contract with Primetals Technologies for an upgrade of its bar mill. The upgrade will enable Vinton to reduce delays, increase productivity, improve bundle quality, and enable the mill to handle bar up to 80-foot lengths. Start-up is expected for early 2020. The project consists of a complete bar handing arrangement from cold shear to product unloading, which  includes a 660 short ton cold shear, cold shear run-out table, gauge be

The non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto’s entire interest in the Simandou iron ore project in Guinea has lapsed. Rio Tinto and Chinalco, who respectively own 45.05 per cent and 39.95 per cent of Simandou, will continue to work with the Government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit. The Government of Guinea owns a 15 per cent stake in the project.

JW Aluminum, a leading domestic manufacturer of flat rolled aluminum, is investing $8.5 million to install a new tension leveling and slitting line at its Goose Creek, South Carolina facility. The new coil processing equipment, custom built by Red Bud Industries and Machine Concepts, is designed to maximize output and increase efficiency. The tension leveler will also ensure optimum material flatness. Installation begins in the third quarter of 2019 and will be fully operational by the end of

ArcelorMittal announces Essar Steel India Limited’s (‘ESIL’) Committee of Creditors (‘CoC’) has voted to approve the Company’s acquisition of ESIL. ESIL’s Resolution Professional, on behalf of the CoC, has issued the Company with a Letter of Intent (‘LOI’) stating that the Company has been identified as the ‘Successful Applicant’. Further to ArcelorMittal being named the H1 Resolution Applicant (the preferred bidder)

"Industry aims at taking India's steel production capacity to 300 million tonnes by 2030” Shri Birender Singh, Union Minister of Steel said at the launch of the ISA Steel Conclave in New Delhi. In a strong move to bring the steel market influencers together, Indian Steel Association and Messe Frankfurt India (MFI) launched the first – The ISA International Steel Conclave 2018. The two-day forum opened on 25 O

On May 31, 2018, President Trump signed a new presidential proclamation adjusting steel duties initiated under Section 232 of the Trade Expansion Act of 1962. This ended temporary exemptions of duties for imports of steel products from the European Union (EU), Canada and Mexico. As a result, a 25 percent duty on steel products is now being collected on imports from these countries.These recent tariffs placed on steel imports have driven the price of steel up—not just internationally but

Texas Iron & Metal, a Houston-based, family-owned and operated steel supplier, is excited to announce the expansion of their current stockyard location at 865 Lockwood Drive, just three miles east of downtown Houston. Now situated on over 10 acres, Texas Iron & Metal’s warehouse increased four-fold to over 120,000 square feet. Additionally, the new and surplus steel supplier doubled their yard space for inventory stocking, expanding their current inventory lots at thei