McDermott International has been selected by Tata Steel IJmuiden B.V. to be part of an Integrated Project Management Team (IPMT) to shape and manage the execution of project Heracless (hydrogen era, carbonless). The project is located at Tata Steel's facilities in IJmuiden, 19 miles (30 kilometers) east of Amsterdam. The project is focused on the implementation of Direct Reduced Iron Plant (DRP) and Reducing Electrical Furnace (REF) technology at the facility as the basis for Ta

Tata Steel signed a Memorandum of Understanding (MoU) on August 26, 2022 with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). The MoU was signed in the presence of Shri Bhagwant Mann, Hon’ble Chief Minister of Punjab. This initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel’s commitment to investing in a circular economy and tra

Algoma Steel Group Inc. and United Steelworkers Local Union 2251 , the union representing Algoma’s hourly employees, announced today that the parties have reached a tentative collective agreement. The USW Local 2251 bargaining committee is unanimously recommending the offer and the parties have agreed to extend the current contract until August 30, 2022, to allow for a ratification vote to occur. Voting is scheduled for August 25 and August 29, 2022. The Company will release details of

By the end of 2032, the global petroleum coke market is predicted to reach US$ 63.10 billion in valuation. Worldwide sales of petroleum coke are expected to increase at a noteworthy CAGR of 9.6% from 2022 to 2032, as per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. The developing steel industry, advancements in the cement and power-generating industries, rise in the supply of heavy oils, and positive government actions regarding the

Cleveland-Cliffs Inc.  today announced that it is increasing current spot market base prices for all carbon steel hot rolled, cold rolled and coated steel products by a minimum of $75 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in No

Flexsteel Industries, Inc. today confirmed it has received an unsolicited preliminary non-binding proposal from CSC Generation Holdings, Inc. to acquire all outstanding shares of Flexsteel for $20.80 per share in cash. Prior to today’s public proposal, Flexsteel had no interaction with CSC Generation Holdings or any knowledge of its proposal. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Flexsteel Board of Directors will ca

 Moeller Precision Tool, a predominant American manufacturer of standard and special precision tooling components, has unveiled a new version of their M-CAD software. M-CAD is an on-demand 3D tooling catalog with CAD and PDF datasheet outputs, with a new configurator built by CADENAS PARTsolutions. The newest M-CAD features will offer engineers quick access to standard and custom tooling components for their designs. Moeller is well established in the metal forming and stamping

NioBay Metals Inc. is pleased to announce the start of an overburden drilling program to test the nature of the till and bedrock on the East Gouin property, optioned from Tectonic Resources Inc. (see press release dated May 10, 2021). This campaign follows encouraging prospecting results reaching 0.29%, 0.31%, 0.54% and 0.57% Nb2O5 in glacial blocks containing carbonate veinlets. Surface till sampling also revealed several niobium geochemical anomalies, mainly in the southern part of the prop

Headwall Partners LLC, EA Markets Securities LLC, XMS Capital Partners, LLC, and Odinbrook Global Advisors LLC announced the closing of the previously announced joint venture arrangement between Unity Aluminum Inc. ("Unity") and Steel Dynamics Inc. ("Steel Dynamics" - NASDAQ/GS: STLD) in which Steel Dynamics intends to construct and operate a new 650,000-tonne state-of-the-art, low carbon, recycled aluminum flat rolled mill (see Steel Dynamics press release, July 20, 2022)

Balfour Beatty, as part of LINXS Constructors, announces another major milestone on the ongoing modernization of the Los Angeles International Airport (LAX) with the placement of the last structural steel beam for the Automated People Mover (APM) train stations. This achievement signifies substantial progress in revolutionizing how travelers get to and from the fifth busiest airport in the world. The largest of the six stations being built, the West Central Terminal Area (CTA) stati