Press Releases
Nucor Corporation announced today that California Steel Industries, Inc. will build a continuous galvanizing line at its mill in Fontana, California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. With the addition of this new line, CSI will have a total hot dip galvanizing capacity of 1.2 million tons per year. The investment is expected to cost approximately $370 million and take 30 months
Read more...19 December 2022
Olympic Steel Inc. a leading national metals service center, today announced that Michael A. Tookey has joined the Company in the newly created role of Director – Coated Products.In this position, Mr. Tookey’s responsibilities will focus the Company’s efforts on accelerating growth related to coated carbon flat-rolled products and processes, including galvanized, galvannealed, aluminized and automotive grades of steel. He will report directly to David J. Gea
Read more...16 December 2022
Conventional miter saws are used to create precise angle cuts. However, the existing miter saws in the marketplace are predominantly designed to cut wood. Evolution Power Tools (https://store.evolutionpowertools.com) wanted to create a versatile 14" mitering saw that is optimized to cut heavy duty metals, specifically steel. The result: The industry's first 14" Mitering Chop Saw (S355MCS). Designed to tackle heavy cuts into oversized metal pieces, the S355MCS features a precisio
Read more...Eagle Crusher Co., a leading manufacturer in the crushing and screening industry, continues its rich tradition of new product innovation leading into the 2023 year. The company will introduce two new plants on display in the Eagle Crusher booth (C30949) at CONEXPO-CON/AGG, March 14-18, 2023 in Las Vegas. Also on the show floor will be a proven product favorite. Discover the new UltraMax® 1600X-OC Portable Impactor Plant on the show floor. A mammoth in the industry, the 1600X-OC
Read more...15 December 2022
CRW Consulting & Distribution, LLC, announced the acquisition of CCI Inspection Services, Inc. today.CCI is based in Conroe, Texas, and was founded by AMPP CIP Level III Certified inspector #113, Jonell Nixon in 1986. The company serves the comprehensive inspection needs of major energy companies throughout the world including but not limited to Kinder Morgan, Shell Pipeline Company, LLC, Magellan Midstream, Enbridge, Explorer Pipeline, Williams Pipeline & Midstream, Baker Hughes, TxD
Read more...14 December 2022
Strategic Resources Inc. is pleased to announce it has entered into an arm's length share exchange agreement with BlackRock Metals Inc.dated December 13, 2022 pursuant to which Strategic will acquire all of the outstanding shares in BlackRock for shares of Strategic . The Transaction will constitute a reverse takeover of Strategic. Upon completion of the Transaction, BlackRock will become a wholly-owned subsidiary of Strategic. Strategic will continue to trade
Read more...14 December 2022
Cleveland-Cliffs Inc. today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels brand of electrical steels, which are designed for high speed motors, electric vehicle traction motors, aircraft generators and other rotating equipment. From resear
Read more...13 December 2022
LIBERTY Steel USA has successfully raised a US$40m term loan with Eclipse Business Capital to refinance its existing term loan before its maturity in January 2023. In addition to the new term loan, LIBERTY Steel USA increased its existing ABL with Eclipse Business Capital from US$125m to US$150m, providing additional liquidity to the business so it can build on strong performance through 2022, including the successful restart of the Georgetown rod mill. For H1FY22 (Jan'
Read more...13 December 2022
Nucor Corporation applauds United States Trade Representative Ambassador Tai, General Counsel Peisch and the entire Biden Administration for their commitment to ensuring the long-term viability of the domestic steel industry and opposition to the recent World Trade Organization (WTO) panel decision. Nucor fully supports the U.S. government's opposition to the recent WTO panel decision that the Section 232 measures on steel imports violate U.S. WTO commitments. Section 232 measur
Read more...12 December 2022
Atlantic Shores Offshore Wind Project 1, a wholly owned subsidiary of Atlantic Shores Offshore Wind, LLC a 50:50 partnership between Shell New Energies US LLC and EDF-RE Offshore Development, LLC, announced it has executed a Pre-Commitment and Capacity Reservation Agreement with EEW American Offshore Structures Inc. to serve as the manufacturing company for monopiles on its 1.5 GW offshore wind project.Located approximately 10-20 miles off the coast of Atlantic City, New Jersey, Atlanti
Read more...