Commercial Metals Company  announced today the closing of the previously announced sale of $145.1 million in original aggregate principal amount of Exempt Facilities Revenue Bonds (Commercial Metals Company Project), Series 2022 (the "Bonds"), issued by the Industrial Development Authority of the County of Maricopa (the "MCIDA"). The sale of the Bonds provided proceeds of $150.0 million, which CMC has borrowed from MCIDA pursuant to a loan agreement, and CMC will use

Cleveland-Cliffs Inc. announced today that it will indefinitely idle its Indiana Harbor #4 blast furnace (IH#4). This action is a result of the successful implementation of operational improvements, particularly the addition of significant amounts of HBI to the burden of blast furnaces and the maximization of scrap usage in BOFs. The employees allocated to IH#4 will be reassigned to other positions within Indiana Harbor Works, as the number of available job openings at the Indiana Harbor comp

New to Packline Materials Handling and Ultrasource LLC, the bespoke stainless roll handling equipment with rollers and side shift mechanism was designed in response to a customer requirement in the food processing industry to precisely access and lift heavy rolls across the width of a pallet and easily load and unload the rolls onto and off the lifting machine. This roll handling solution is suitable for clean room high care environments such as the food, drinks, pharmaceutical and packaging

Majestic Steel USA, Inc.  a leading steel service center, has announced a new partnership with Kaulig Racing. Beginning at the 64th running of the Daytona 500, Majestic Steel will be an associate partner of the No. 16 Chevy Camaro ZL1 for the 2022 NASCAR Cup Series (NCS) season. "We're excited about the opportunity to partner with Kaulig Racing. We view NASCAR as one of America's greatest sports and racing doesn't happen without steel," said Todd

Vishay Precision Group, Inc. a leader in precision measurement sensing technologies, today announced a new corporate strategy resulting in a realignment of its reporting business segments.   The new corporate strategy and reporting structure builds on the Company’s strengths and investments. The change is designed to accelerate the Company’s growth and optimize its financial performance by leveraging its core technologies, competitive position, and deep technical ex

Tacora Resources Inc. today announced that it has successfully completed the offering of $50 million aggregate principal amount of its 8.250% senior secured notes due 2026. The New Notes are an addition to the $175 million principal amount of 8.250% senior secured notes due 2026 that it issued in May 2021. The net proceeds from the New Notes, after payment of related costs and expenses, will be used by Tacora for general corporate purpose and to increase liquidity. "T

The "Bi-Metal Band Saw Blades Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering. The bi-metal band saw blades market was valued at US$ 3,922.06 million in 2020 and is projected to reach US$ 5,907.52 million by 2028; it is expected to grow at a CAGR of 5.3% from 2020 to 2028. Bi-metal band saw blades are made of two metal, primarily high strength steel (HSS) and spring steel. These blades

United States Steel Corporation  today announced that Christine S. Breves, Senior Vice President & Chief Financial Officer, has informed the company of her intention to leave the company in 2022, after nine years of service with the company. Ms. Breves will continue to serve as Chief Financial Officer while the company conducts a search for a permanent replacement. To ensure the company gains the full benefit of her extensive financial and supply chain expertise, Ms. Breves

Zurn Water Solutions Corporation , a market leader in smart, sustainable water solutions and products, and Elkay Manufacturing Company, a market leader in the highly attractive and growing commercial drinking water solutions business, announced today they have reached a definitive agreement to combine the businesses in an all-stock transaction. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of

United States Steel Corporation broke ground in Osceola, Arkansas on the company’s next-generation highly sustainable and technologically advanced steel mill. The $3 billion steelmaking facility will be the most advanced in North America and largest private project in the history of Arkansas. “Several years ago, we embarked on a transformative vision for U. S. Steel,” said U. S. Steel President & CEO David B. Burritt. “Now we celebrate, as we take another