Press Releases
19 October 2022
LCI Industries, which, through its wholly-owned subsidiary, Lippert Components, Inc. ("Lippert"), supplies, domestically and internationally, 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, will release its third-quarter 2022 financial results before the market opens on Tuesday, November 1, 2022. LCI Indus
Read more...18 October 2022
H2 Green Steel has selected SMS group to supply process technology for its green steel plant in Northern Sweden. SMS group is a German company acknowledged worldwide for its technologies and services for the metals industry. In this partnership, it will deliver process equipment from the melt shop down to the finished steel products. It will also contribute with its competence and experience to H2 Green Steel's large scale steel plant in Boden, the first of its kind powered by g
Read more...18 October 2022
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua's Source-to-Contract (S2C) solution. SSAB is a global steel company with a leading market position in high-strength steel and related services. By 2026 SSAB aims to be the first in its market to offer fossil-free steel to the
Read more...Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, broke ground and began construction today on its $2.5 billion recycling and rolling plant in Bay Minette, Ala. The highly advanced facility is expected to create up to 1,000 new jobs and will have an initial 600 kilotonnes of finished aluminum goods capacity per year focused on the beverage container market, with flexibility for automotive production. It also adds a new recy
Read more...12 October 2022
Brown Gibbons Lang & Company (BGL) is pleased to announce the completion of the sale of ROCA ACERO S.A. de C.V. (ROCA), a ferrous and nonferrous scrap metals recycling business, to Steel Dynamics, Inc.. The agreement was originally announced in May, and the transaction received the necessary regulatory approvals and officially closed earlier this month. As previously disclosed, Steel Dynamics acquired the equity interest of ROCA. BGL's Metals & Metals Processing investment banking
Read more...11 October 2022
Flexsteel Industries, Inc., one of the largest manufacturers, importers and marketers of residential furniture products in the United States, announced today that it will issue its first quarter 2023 financial results after market close on Monday, October 24, 2022. A conference call and audio webcast with analysts and investors will be held on Tuesday, October 25, 2022 at 8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 866-777-2509
Read more...GrafTech International Ltd., will hold its Third Quarter 2022 Earnings Conference Call and Webcast on Friday, November 4, 2022 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the third quarter ended September 30, 2022 and current business initiatives. These financial results will be released on Friday, November 4, 2022 before market open and will be available on our investor relations website at: http://ir.graftech.com. The conferen
Read more...6 October 2022
United States Steel Corporation leadership and employees were joined by Minnesota Governor Tim Walz, other elected officials, and key partners to celebrate the Company’s investment in direct reduced (DR)-grade pellet capabilities at its Minnesota Ore Operations Keetac plant today. The investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market and provides the company with the flexibility to feed a potential future
Read more...Cleveland-Cliffs Inc., will announce its third-quarter 2022 earnings results before the U.S. market open on Tuesday, October 25, 2022. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on October 25, 2022, at 10:00 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that address. About Cleve
Read more...29 September 2022
The growing demand for electricity is expected to be a key driver for the electrical steel market in the forecast period. This can be attributed to the growing economy, rapidly rising populations and increasing demand for transportation, especially in developing countries such as China, India, Brazil and some African countries. The global electricity demand is projected to grow to 38,700 TWH by 2050, and electric vehicles are expected to account for 9% of the global demand. China and India wi
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