Commercial Metals Company today announced that it has selected Berkeley County, West Virginia, as the site of its fourth micro mill.  The project, budgeted to cost approximately $450 million net of incentives, is expected to have an annual capacity of 500,000 tons and employ approximately 230 people on a full-time basis.  MM4 will be capable of producing various sizes of both straight length and spooled rebar.  Based on anticipated timelines for permitting and construction, the

Miner Ltd., the dock and door division of OnPoint Group, announced today the acquisition of Able Rolling Steel Door Inc. a leading provider of overhead and specialty doors as well as loading dock equipment serving the New York City Metropolitan area. Based in South Hackensack, NJ and led by Chris Hoehn and Mike Perrucci, Able was established in 1981 and has become known as a reliable expert for new construction of dock and door products in this top industrial property market. This acquisition

Cleveland-Cliffs Inc. announced that its initial phase of research being conducted with funding from the U.S. Department of Energy’s Office of Clean Energy Demonstrations is coming to a close. Based on the results of the initial study, Cleveland-Cliffs has submitted an application on Monday, Dec. 5 for funding from the DOE’s OCED for the next phase of research for the front-end engineering design for large-scale carbon capture at its Burns Harbor integrated iron and steel facility

Perma-Pipe International Holdings, Inc. announced today that its Board of Directors has authorized the use of $965 thousand remaining under the share repurchase program previously approved on October 4, 2021 that expired on October 3, 2022. Share repurchases may be executed through open market or in privately negotiated transactions over the course of the next 12 months. The specific number of shares that the Company will ultimately repurchase, and the actual timing, per share price

ArcelorMittal today announces it has acquired Riwald Recycling a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Transaction signing occurred yesterday with closing, which is subject to customary regulatory approvals, expected by the end of January 2023. Riwald Recycling was founded in 1989. It operates two fully certified scrap metal yards in Almelo and Beverwijk, the Netherlands, both of which have direct port access. Riwald processed ov

GT Metal Products Ltd – Edmonton, Alberta is pleased to announce the addition of Dave LeMoine to our team as Vice President, Sales and Business Development.  Dave brings extensive sales and leadership experience working in organizations with revenue from $10MM to over $250MM. “Dave is a successful leader and business owner with over 30 years of extensive sales and executive leadership experience.  He is a consultative field professional with st

Companies in the metal products market are focusing on the launch of net zero carbon products to limit the scope of carbon emissions generated during manufacturing process through a carbon offset and renewable energy credit purchase program. For example, in March 2022, Schnitzer Steel Industries, Inc., US-based manufacturers and exporters of recycled metal products, announced the launch of GRN SteelTM, a line of net zero carbon products from its Cascade Steel manufacturing operations located

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Dutchland Inc. a leading manufacturer and installer of precast concrete tanks across the water and wastewater treatment market. Dutchland Inc. was represented by BDO Capital Advisors, LLC through the process. MiddleGround acquired Lindsay Precast in November 2021, represe

Insteel Industries Inc. today announced that Mark A. Carano has resigned as Insteel’s Senior Vice President, Chief Financial Officer and Treasurer effective December 30, 2022 to pursue employment with another company. Mr. Carano’s departure did not result from any disagreement regarding the Company’s operations, policies or practices. In connection with such departure and effective January 2, 2023, Scot R. Jafroodi, the Company’s Vice President, Cor

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced it has acquired Dutchland Inc. a leading manufacturer and installer of precast concrete tanks across the water and wastewater treatment market. Dutchland Inc. was represented by BDO Capital Advisors, LLC through the process. MiddleGround acquired Lindsay Precast in November 2021, represe