Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six months after the start of construction. Six employe

Read more...

Olympic Steel Inc., a leading national metals service center, today announced that it has amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. The revolving credit facility is secured primarily by the accounts receivable, inventory and property and equipment of the Company, excluding real estate. The facility includes an increase option of up to $200 million. Additionally, the amendment provides for th

Read more...

Flexsteel Industries, Inc., one of the largest manufacturers, importers and online marketers of furniture products in the United States, today announced the appointment of Kathryn (Katy) P. Dickson as an independent director of the Company effective June 14, 2021. Ms. Dickson is an omni-channel global executive who is known to provide organizational leadership resulting in digital transformation, global expansion, brand innovation, and revitalization. She has served in multiple publ

Read more...

LCI Industries, through its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert™”) which supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, today announced the acquisition of substantially all of the business assets of Trazcor, Inc. (“Trazcor”), a specialized metal fabrication compa

Read more...

Schnitzer Steel Industries, Inc. announced that the Company will report financial results for its third quarter fiscal 2021 ended May 31, 2021 on Wednesday, June 30, 2021. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer’s website under Company > Investors > Event Calendar at https://schnitzersteel.com/company/investors/even

Read more...

Petuum today announced that Russula, a global engineering firm that delivers solutions to the steel industry has entered a strategic partnership with Petuum to develop advanced process control solutions powered by Petuum's Deep Learning Optimization software. Petuum's award-winning Industrial AI product, Petuum Optimum delivers precise real-time forecasts for key process variables, prescriptive optimal targets for critical variables, and AI-led automation control. Petuum Opt

Read more...

Hyperion Metals Limited is pleased to announce that it has entered into an agreement with Blacksand Technology, LLC (“Blacksand”) to investigate the commercial development of spherical titanium metal powders using the GSD technology and an option to enter into an exclusive license agreement for the patents associated with the technology (“the Agreements”). The "Global Special Steel Market (2021 Edition) - Analysis By Type (Gear, Bearing, Alloy, Others),

Read more...

Cleveland-Cliffs Inc. is celebrating today the initial six months of continued operation and production of hot-briquetted iron (HBI) at the Company’s state-of-the art Direct Reduction plant in Toledo, Ohio. Cliffs’ Chairman, President and Chief Executive Officer Lourenco Goncalves will host Ohio Governor Mike DeWine for a ribbon cutting ceremony on site. The plant employs nearly 160 employees. Cleveland-Cliffs will be live streaming the ribbon cutting event from the Dire

Read more...