The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments. According to the report, the carbon steel market is operating in an environment where l

According to MarketStudyReport, that global coated steel market is anticipated to register an 4.4% CAGR growth rate during the forecast period 2021-2027. Increasing construction and infrastructure development activities are primarily driving the industry growth. Besides, advancements in galvanizing technology to better protect steel from corrosion are enhancing the industry outlook. Proceeding further, a major part of the study involves a granular analysis of the market with respect

Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the appointment of Michael Garcia as Chief Executive Officer (“CEO”) effective June 1st, 2022 upon the retirement of current CEO Michael McQuade. Mr. McQuade will continue to serve on the Company’s board of directors (the “Board”) and Mr. Garcia will also join the Board concurrent with his appointment as CEO.   Andy Harshaw, C

Ohio Coatings Company – a joint venture between Esmark, Inc. and TCC Steel – today announced it has appointed David Luptak, current Esmark Industrial Group CEO, as the CEO of Ohio Coatings Company (OCC), effective June 1, 2022. Luptak succeeds Jim Tennant, who will retire after a successful 40-year career on May 31, 2022. Luptak joined Esmark, Inc. in 2006 when Esmark acquired Wheeling Pittsburgh Steel. At that time, and for several years as part of the Esmark enterprise

Fortune Minerals Limited is pleased to report on the C$3.8 billion of financial support for Critical Minerals announced in last week’s Government of Canada budget for 2022 (“2022 Budget”). The funds are being allocated to accelerate domestic production and processing of Critical Minerals, particularly cobalt, nickel and lithium used in the manufacture of lithium-ion rechargeable batteries for electric vehicles (“EV’s”), portable electronics, and stationary

Majestic Steel USA, Inc., a leading steel service center, announced the hire of Susan Mahaffee as Chief People Officer and Tyler Hall as Chief Financial Officer. Their hirings add an impressive wealth of knowledge and experience to the Majestic Steel leadership team. Susan Mahaffee joins Majestic from Mars Incorporated, where she most recently held the role of Global Director of People and Organization. She led a number of transformational initiatives within talent, engagement and o

ITT Inc. today announced its investment in HPL Technologies (HPL), a German-based technology start-up leading the rotor coating market with its groundbreaking WECODUR® technology. HPL developed WECODUR®, an innovative hard coating technology and related production machines that allows rotors to last longer, better resist corrosion, and reduce fine-dust emissions from brake systems. The investment was made jointly by ITT Ventures Fund and S-UBG, a German-based venture fund. ITT and S-U

Nucor Corporation announced today that it is investing $15 million in NuScale Power, LLC (NuScale), a developer of small modular reactor (SMR) nuclear plants. Nucor has entered into an agreement to fund NuScale via a private placement in the Special Purpose Acquisition Company, Spring Valley Acquisition Corp. (NASDAQ: SV, SVSVW), that intends to merge with NuScale. This capital will support the path to commercialization of NuScale's proprietary and innovative SMR technology, the NuScale P

Nucor Corporation announced today that it has acquired steel racking manufacturer Elite Storage Solutions for $75 million.  This acquisition expands Nucor's steel racking capabilities and builds on the company's acquisition of Hannibal Industries last year. Elite Storage Solutions employs 180 full-time teammates at locations in Monroe, Georgia, and Chandler, Arizona.   "We are excited to grow our steel racking capabilities with this acquisition of Elite Storag

ArcelorMittal has published the statutory financial statements of ArcelorMittal parent company for the year ended 31 December 2021. These financial statements have been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and are available on http://corporate.arcelormittal.com in the Corporate Library. About ArcelorMittal ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 coun