Press Releases
3 March 2022
Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals, announced today its acquisition of substantially all of the assets of Apogee Steel Fabrication Incorporated ("Apogee"), a sheet metal fabricator based in Mississauga, Ontario, Canada. Apogee has been serving customers in Canada and the U.S. for over 30 years. They are a full-line fabrication company providing sheering, punching, forming, and laser cut processing in addition t
Read more...Reportlinker.com announces the release of the report "Machine Tool Steel Market Research Report by Format Type, by Process, by Type, by Application, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06226376/?utm_source=GNW The Global Machine Tool Steel Market size was estimated at USD 6,716.67 million in 2020 and expected to reach USD 7,063.93 million in 2021, at a CAGR 5.60% to reach USD 9,837.36 million by 2027.
Read more...Steel Dynamics, Inc. announced that the company's board of directors declared a first quarter cash dividend of $0.34 per common share, a 31 percent increase over the company's 2021 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2022 and is payable on or about April 15, 2022. The board of directors also authorized an additional share repurchase program of up to $1.25 billion of the company's common stock. The author
Read more...AZZ Inc. a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that it has entered into an agreement to acquire DAAM Galvanizing Co. Ltd. ("DAAM"), a privately held hot-dip galvanizing company based in Edmonton, Alberta Canada. Terms of the transaction were not disclosed. DAAM has a 60-year reputation of industr
Read more...Algoma Steel Group Inc. announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s intention to make a normal course issuer bid (“NCIB”) for a portion of its common shares (“Shares”) as appropriate opportunities arise from time to time. The Company believes that the market price of the Shares may not, from time to time, fully reflect their value and accordingly the purchase of Shares would be in the best interests of the Co
Read more...United States Steel Corporation announced that it is advancing its metallics strategy by insourcing pig iron capabilities at Gary Works. The approximately $60 million investment will produce up to 500,000 tons of pig iron annually and provide a critical raw material input for its electric arc furnaces (EAF). Once complete, the Gary pig iron production is expected to provide nearly 50% of Big River Steel’s other ore-based metallics needs, contribute over $30 million of run-rate enterpris
Read more...NIM Group, one of the nation's largest family-owned networks of steel service centers announced today that NIM Group has acquired Plateplus, Inc.'s Windsor, Colo., plant. The acquisition further expands NIM Group's product lines and processing capabilities. NIM Group now has 17 locations stretching from New Jersey to Washington with daily deliveries to customers in thirty states. "We are pleased to welcome the Windsor team to the NIM Group family," Ar
Read more...25 February 2022
NioBay Metals Inc. a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters (“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig and commenced drilling of its 15,000 to 20,000 meter explo
Read more...24 February 2022
NioBay Metals Inc. a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters (“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig and commenced drilling of its 15,000 to 20,000 meter exploratio
Read more...24 February 2022
Acrow, a leading international bridge engineering and supply company, recently designed and supplied a modular steel bridge to maintain traffic flow during a section of the New Jersey Department of Transportation’s (NJDOT) I-295 Direct Connect project in Camden County, New Jersey. The Direct Connect initiative is designed to improve safety and reduce traffic congestion at the intersection of I-295 with I-76 and Route 42 by providing a new direct passage for I-295 through traff
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