Algoma Steel Group Inc. announced today that the Company has reached a tentative agreement for a new labour contract with United Steelworkers (“USW”) Local 2724, the union representing its technical, professional and front-line supervisory employees. The current collective agreement expires July 31, 2022. Ratification votes are scheduled for July 21st through July 25th, 2022. The Company will not be releasing details of the tentative agreement until after the Union has held its in

CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Tenere Inc , a leading manufacturer of custom mechanical solutions to the information & communication technology, fiber and renewable energy end markets, by CORE portfolio company CGI Manufacturing Holdings (“CGI”). Tenere is the seventh add-on acquisition to the CGI platform that CORE launched in August 2021. The c

Toshiba Materials Co., Ltd. today announced a major investment in a new manufacturing facility for silicon nitride balls on the same site as its headquarters in Yokohama, Japan. The project has a budget of over 5-billion yen (approx. US$38 million) and is expected to see production start in November 2023. It will increase capacity by 50% against fiscal year 2021. Continued advances in automobile electrification requires solutions that go beyond higher voltage batteries and shorter c

The countdown is on!wire and Tube, China’s No. 1 international trade fairs for the wire, cable and tube industries, will be held together in Shanghai New International Expo Centre from 26 to 29 September 2022. This year wire China will continuepresent the complete industrial chain covering Wire Manufacturing & Finishing Machinery, Process Technology Tools, Auxiliary Process Technology Materials, Materials, Special Wires & Cables, Measuring & Control Technology, Tes

Ampco-Pittsburgh Corporation  today announced the preliminary results of its previously announced offer to exercise  0.4464 shares of the Corporation’s common stock, $1.00 par value per share  at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022. Based on the preliminary count by Broadridge Corporate Issuer Solutions, Inc., the depositary agent f

ZK International Group Co., Ltd.  is pleased to announce that as part of its procurement success, the Company has started to supply the thin-wall stainless steel pipe to Fuzhou Water Supply Chain Management Co., LTD, which has one of the largest water supply chains in China.  As part of this procurement stage, it has been reported that the total cost of this stage of the project is $5 million, of which ZK International has ranked the first amongst all the other suppliers.  With

Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating: F-star Therapeutics, Inc. (FSTX), relating to its proposed acquisition by invoX Pharma via a tender offer. Under the terms of the a

Majestic Steel USA, Inc.  a leading provider of supply chain solutions and prime flat-rolled steel products across North America, has completed two strategic acquisitions in manufacturing and logistics. Quicken Steel LLC, a manufacturer of steel buildings and components based in Claxton, Georgia, and Mercury Transport Inc., a transportation company based in Pittsburg, California, will become wholly owned divisions of Majestic Steel USA, Inc. Quicken Steel will continu

Helios announces that its ambition to create an emission-free future for the steel industry will be fuelled by $6M in capital, due to a seed round led by At One Ventures, the "net positive to nature" investment firm, and Doral Energy-Tech Ventures. Deep tech investor Metaplanet and a global Top 5 mining company are also participating in this round. Current methods of steel production emit large quantities of CO2 through the reduction of iron ore with carbon. For every ton

TimkenSteel , a leader in high-quality specialty steel, manufactured components, and supply chain solutions, on July 7, 2022, entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America ("Prudential") to settle approximately $250 million of the company's approximate $800 million in U.S. pension obligations under the TimkenSteel Corporation Bargaining Unit Pension Plan (the "Pension Plan"). In connection with