Press Releases

Greenidge Generation Holdings Inc., a vertically integrated cryptocurrency datacenter and power generation company, today announced the completion of an expansion of their South Carolina mining facility to 44 MW of mining capabilities and its intention to enter into agreements to eliminate all of Greenidge's secured debt obligations via the transfer to certain affiliates of NYDIG ABL LLC ("NYDIG") of the expanded mining facilities in Spartanburg, South Carolina and the approxima

United States Steel Corporation today confirmed that it has invited Cleveland-Cliffs Inc. ( "Cleveland-Cliffs") participated in a previously announced strategic review process. The company has previously disclosed that after receiving multiple unsolicited proposals, the company has begun a formal review process to evaluate the company's strategic alternatives with the assistance of external financial and legal counsel. These proposals range from the purchase of certain productio

Sims Metal , a major player in metal recycling on a global scale, today announced that it has completed the acquisition of the assets of Baltimore Scrap Corp (BSC), a company American metal recycling company, and its subsidiaries. The transaction is expected to close in October 2023 – subject to satisfaction of customary closing conditions, including required regulatory clearances. BSC is one of the leading metal recyclers in the Northeast region of the United States. The comp

Russel Metals Inc. announces that it has received approval from the Toronto Stock Exchange of its notice of intention to make a normal course issuer bid (the "NCIB"). Under the NCIB, Russel Metals may purchase for cancellation, on the open market at its discretion, during the period commencing on August 16, 2023 and ending on the earlier of August 15, 2024 and the completion of purchases under the NCIB, up to 6,076,625 common shares of Russel Metals ("Common Shares&qu

United States Steel Corporation and Google Cloud today announced a new collaboration to build applications using Google Cloud’s generative artificial intelligence (“gen AI”) technology to drive efficiencies and improve employee experiences in the largest iron ore mine in North America. As a leading manufacturer engaging in gen AI with Google Cloud, U. S. Steel continues to advance its more than 100-year legacy of innovation. The first gen AI-driven application that

Russel Metals Inc. announces financial results for three months ended June 30, 2023. Non-GAAP Measures and Ratios We use a number of measures that are not prescribed by International Financial Reporting Standards ("IFRS" or "GAAP") and as such may not be comparable to similar measures presented by other companies.  We believe these measures are commonly employed to measure performance in our industry and are used by analysts, investors, lenders and ot

USA Rare Earth, LLC a vertically integrated magnet technology company, announced today that it has entered into a strategic partnership with Hatch, a global engineering, project management, and professional services firm. Hatch serves as the lead engineering, procurement, construction management company (EPCM) for USARE and, as part of this collaboration, has signaled its alignment with an investment in USARE. USARE is reconstructing a sintered magnet production facility in Stillwat

Ambri, provider of long-duration Liquid Metal™ battery storage systems, today announced it has achieved safety certification from UL Solutions, a leader in applied safety science, for its next generation battery cells. Ambri’s Liquid Metal battery cells received certification for UL 1973, the Standard for Batteries for Use in Stationary and Motive Auxiliary Power Applications, after successfully complying with the applicable requirements of the standard.

Diablo Tools ("Diablo"), which offers a solution-oriented range of best-in-the-world, best-for-our-world products for the professional user, reinvents the metal cutting industry again with an unmatched line of Cermet saw blades designed for extreme durability, longer life and faster cuts in metals and stainless steel. A perfect fit for cordless and corded saws, the Steel Demon™ Cermet blade features an exclusive, innovative design that delivers up to 25X longer life, 50X coole

Ampco-Pittsburgh Corporation announced today that J. Brett McBrayer, Ampco Chief Executive Officer, Sam Lyon, President of Union Electric Steel, and David Anderson, President of Air and Liquid Systems, will present at the Midwest IDEAS Investor Conference on August 24, 2023 at The Gwen in Chicago, IL. The Corporation’s presentation is scheduled to begin at 10:40 am CT. The presentation will be webcast and may be accessed through the conference host’s main website: https: