ArcelorMittal is pleased to announce that it has successfully tested the use of green hydrogen in the production of direct reduced iron ("DRI") at its steel plant in Contrecoeur, Quebec. ArcelorMittal's ambition is to lead the decarbonisation of the steel industry and this test is an important milestone in the Company's journey to produce zero carbon emissions steel via the DRI-based steelmaking route using green hydrogen as an input. The objective of the test was

Novelis Inc., a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, has broken ground on a $365 million investment to build a highly advanced recycling center for automotive in North America. With an annual casting capacity of 240 kt of sheet ingot, the facility is expected to reduce the company's carbon emissions by more than one million tons each year. The new recycling facility will add approximately 140 new jobs in Guthrie and will be bu

Friedman Industries, Incorporated, a Texas-based company engaged in steel processing and distribution as well as pipe manufacturing through its division Texas Tubular Products, announced today that it has acquired two high-quality, strategically located facilities from Plateplus, Inc. (“Plateplus”), positioning Friedman as a leading North American steel service center with an expanded geographic presence, scale and processing capabilities. In addition to the facilities acquired, F

United States Steel Corporation announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 8, 2022, to stockholders of record at the close of business on Monday, May 9, 2022. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the company’s customer-centric Best for All® strategy is advancing a more secure, sustainabl

Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded the structural building contract for its electric arc steelmaking facility (“EAF”) to Hamilton, ON-based Walters Group Inc. (“Walters”). Walters will be responsible for fabricating and erecting the main building structure in addition to the necessary dust collection hoods. Pursuant to the fixed-priced contract, Walter

Schnitzer Steel Industries, Inc. announced that its Board of Directors has appointed Leslie L. Shoemaker as a new independent director, effective immediately. Dr. Shoemaker will serve on the Nominating and Corporate Governance Committee of the Board. Dr. Shoemaker is the President of Tetra Tech (NASDAQ: TTEK), a leading, global provider of consulting and engineering services in the areas of water, environment, infrastructure, resource management, energy, and international developmen

Ampco-Pittsburgh Corporation will hold a conference call on Tuesday, May 10, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2022. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the following link. Callers who

Commercial Metals Company today announced that it has successfully completed the acquisition of TAC Acquisition Corp. ("Tensar") from Castle Harlan, a New York-based private equity firm, for a cash purchase price of $550 million, subject to customary purchase price adjustments. Tensar is a leading global provider of innovative ground stabilization and soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar® g

Steel Partners Holdings L.P., a diversified global holding company, today announced that it has closed on its previously announced transaction for the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (Nasdaq: AEIS). SL Power Electronics Corporation designs, manufactures, and markets power conversion solutions for original equipment manufacturers in the medical, lighting, audio-visual, controls, and industrial sectors. The total consideration for th

Terex announced the acquisition of Steelweld, a manufacturer of heavy fabrications based in Northern Ireland. The purchase of Steelweld supports Materials Processing's growth strategy by increasing fabrication capabilities in Northern Ireland. "We are excited to welcome Steelweld's talented employees to the Terex team. Over the past 40 years, the company has built a highly skilled work force and has a valued reputation for high levels of quality and service," said