Press Releases

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

Mid-Continent Steel and Wire, Inc. a division of Deacero Group, today announced it will donate Designmaster fencing system brand materials to increase the safety and security of Uvalde schools. The company adds its name to a growing group of organizations and individuals mobilizing to help the community move forward after the tragic shooting at Robb Elementary on May 24. MCSW is one of the biggest wire manufacturers in North America. The company's main locations are in Houston,

Sharp increases in average prices for key raw materials drove a surge in the US pipe market in value terms in 2021, finds a new Freedonia Group analysis. In 2021, average prices of PVC, steel, and copper pipe spiked 38%, 48%, and 49%, respectively. The significant increase in prices was due to a number of factors including: major increases in raw material prices, as inflation reaches the highest levels in the US in over 40 years significant supply chain

IsoTruss, Inc., an engineering, design, and manufacturing services provider, announced today it has received a funding award for $124,000 from the U.S. Department of Agriculture (USDA). In this rural broadband project, the enterprise will utilize its patented geometry to create a lightweight, space-saving mobile cell site to provide temporary network coverage, one that can be assembled and disassembled quickly, without additional equipment. The planned IsoTruss® mobile cell site will save

Austal USA celebrated the start of construction on the company’s first steel ship today - a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11). The milestone was observed during a ceremony at which Congressman Jerry Carl, U.S. representative for Alabama’s first district, and Rear Admiral Thomas J. Anderson, U.S. Navy’s program executive officer for ships spoke alongside Austal USA Vice President of New Construction, Dave Growden. “It