Commercial Metals Company announced today that it is offering to sell, subject to market and other conditions, $350 million aggregate principal amount of Senior Notes due 2026  in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Final terms for the offering of the Notes will be determined at the time of pricing. The Notes will be CMC's senior unsecured obligations and will rank equally with all

In India thyssenkrupp has now started operation of a new line for the production of grain-oriented electrical steel in Nashik, 160 kilometers northeast of Mumbai. That makes thyssenkrupp India’s first and currently only manufacturer of this special steel grade. Grain-oriented electrical steel is used wherever electrical energy is efficiently converted, transported and used, such as in distribution and power transformers. The steel for the production of grain-oriented electrical steel is

Copper Mountain Mining Corporation  is pleased to announce the closing of its acquisition of Altona Mining Limited ("Altona").  As part of the acquisition, the Company issued 0.0974 of a Copper Mountain share for each Altona ordinary share, resulting in a total of 53,538,984 Copper Mountain common shares being issued, of which 44,368,605 will trade as CHESS Depository Instruments on the Australian Stock Exchange under the symbol C6C.   As a result of the acq

Nippon Steel and Sumitomo Metal Corporation (NSSMC) will install a continuous hot-dip galvanizing line ("CGL") at Kimitsu Works (Kimitsu, Chiba Prefecture) to strengthen the supply system for ultra-high-tensile steel sheets*1. The new CGL is able to produce ultra-high-tensile steel sheets with strength in the 1.5GPa*2 class, has production capacity of 33,000 tons per month, and is scheduled to start production in the second quarter of fiscal year 2020. In the automobile in

Russel Metals Inc announced that it has completed the previously announced acquisition of DuBose Steel. DuBose Steel is a full line structural steel service center operation with value-added processing capabilities serving customers along the east coast and south eastern United States from its facilities located in Roseboro and Fayetteville, North Carolina.  Revenues for DuBose Steel were approximately CDN$85 million during its last fiscal year. John Reid, President a

Reforms of the EU Emissions Trading Scheme (ETS) for the years 2021-2030 will lead to higher carbon (CO2e) prices and rising Aluminium smelting costs. The reduction of free carbon permit allowances to smelters will raise smelting costs for the average smelter by $10-$25/tAl depending on final EU policy decision. The increasing permit price will also drive indirect carbon costs higher, but the effect varies greatly from smelter to smelter. The EU Emissions Trading Scheme (ETS) has di

Chicago based Union Partners announced effective April 10, 2018 that it has acquired Maksteel, a world class steel service center, toll processor and logistics solutions provider located in Mississauga, Ontario. The Maksteel campus encompasses over 27 acres of land and includes a 200,000 square foot production facility along with gantry-serviced outdoor storage area to stock and service the material needs of a wide variety of industries including agriculture, pipe and tube, automotive, constr

Qnect, LLC announced today that Nucor Corporation (NYSE: NUE) is the lead investor for Qnect's $3.8 million funding round. Qnect provides software and digital engineering to optimize connections and production throughput for better steel project efficiency. "We are proud to be able to partner with Nucor. Their investment recognizes the power of our software and is a gratifying endorsement from such a prominent leader in the steel industry," says Jef Sharp, CEO of Qnect

Albras' Board of Directors has decided to curtail 50 percent of aluminium production at the Albras aluminium plant. The curtailment represents 230 000 tonnes on an annualized basis and is a result of the Alunorte alumina refinery not being able to supply more than 50 percent of Albras' alumina needs following Alunorte's forced production cut. The curtailment decision was taken on April 10, and the process to reduce production will be initiated shortly. Albras sources all

 Carmax Mining Corp  is pleased to announce that it has executed a purchase agreement with an arm’s length third party. Through this agreement, (subject to approval by the TSX-Venture Exchange) Carmax will acquire additional mineral tenures located contiguous to its 100% owned Eaglehead polymetallic porphyry copper project in northern British Columbia. Highlights of the proposed transaction are: Approximately 2,400 ha in 3 mineral tenures located co