Allegheny Technologies Incorporated today announced that it has reached a definitive agreement to form an innovative 50-50 joint venture (JV) with an affiliate company of Tsingshan Group (Tsingshan). Tsingshan is vertically integrated and is the world’s largest stainless steel producer. Formation of the JV is subject to customary regulatory and anti-trust clearances, which are expected by the first quarter 2018. The JV will manufacture and sell 60 inch-wide stainless sheet in North Amer

Metal IBC Market: Overview This Transparency Market Research report examines the Global metal IBC market for the forecast period 2017–2027. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the Global metal IBC market. The report begins with an overview of the Global metal IBC market, evaluating market performance in terms of revenue, followed by TMR's analysis of key tre

Last week members from the Automobile Journalist Association of Canada (AJAC) and Sean Donnelly, president and CEO of ArcelorMittal Dofasco and chairman of the CEO group for the Steel Market Development Institute (SMDI), met to discuss the impact of the Canadian steel industry on the North American automotive market.  The discussion took place during AJAC's annual TestFest, held on Oct. 25 – 26 at the Canadian Tire Motorsports Park in Bowmanville, Ontario. In a discus

Nucor Corporation announced that its Nucor Steel Memphis, Inc. division was certified by Caterpillar Inc. at the platinum level through its Supplier Quality Excellence Process (SQEP).   The certification was formally presented to the Nucor Steel Memphis team in September.  Nucor Steel Memphis is the only steel mill in the world to earn Platinum certification, which represents excellence in process control, continuous improvement, product quality and delivery to Caterpillar.

The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.1875 per common share, payable on November 27, 2017, to shareholders of record on November 13, 2017. Schnitzer has paid a dividend every quarter since going public in November 1993. About Schnitzer Steel Industries, Inc. Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America. Schnit

The "Flat Steel Market Analysis by Product (Sheet & Strips, Plates), by Material (Carbon, Alloy, Stainless, Tool), by Application (Building & Infrastructure, Automotive, Mechanical Equipment), by Region and Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering The global flat steel market is expected to reach USD 1,015.7 billion by 2025, growing at a CAGR of 3.6% The rapid industrialization, increase in infrastructura

Commercial Metals Company today announced financial results for its fiscal fourth quarter and year ended August 31, 2017.  For the three months ended August 31, 2017, the loss from continuing operations was $32.7 million, or $0.28 per diluted share, on net sales of $1.3 billion compared to a loss from continuing operations of $2.1 million, or $0.02 per diluted share, on net sales of $1.1 billion for the three months ended August 31, 2016.  For the fiscal year ended August 31, 2017,

With the existence of a large number of producers of stainless steel control valves, the global stainless steel control valves market is highly fragmented, reports Transparency Market Research in a new study. As a result of this, the competitive rivalry among the players operating in the global stainless steel control valves market is anticipated to stay high in the coming years. Although the number of established players is relatively small, the large companies with better price structure ar

Analysts at Taipei, Taiwan-based investment house Burton Mills believe that the world's demand for steel will slow by 1.6 percent in 2018 after robust growth this year that was driven by demand from China, currently the world's biggest steel consumer. According to the World Steel Association (Worldsteel), demand for steel will reach 1.648 billion tonnes in 2018 from 1.622 billion tonnes in 2017. This year's figure is in line with the nominal expected growth of 7 percent.

Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported financial results for its fourth quarter and fiscal year ended August 31, 2017. The Company reported earnings per share from continuing operations of $0.65 and adjusted earnings per share of $0.63 for the fourth quarter fiscal 2017. These results are significantly higher than fourth quarter fiscal 2016 reported earnings per share of $0.59 and adjusted earnings per share of $0.60, both of which included a benefit of $0.21 per share