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

United States Steel Corporation announced today that it that its Big River Steel mill in Osceola, Arkansas has achieved the first-ever ResponsibleSteel™ site certification in North America. Big River Steel received the site certification after SRI Quality System Registrar (SRI) conducted an independent third-party audit and determined the mill met the stringent requirements of the ResponsibleSteel Standard, the industry’s only global multi-stakeholder standard and certif

Steel Partners Holdings L.P., a diversified global holding company, today announced that it has entered into an agreement to sell 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 the sale is approximately $144.

CME Group, the world's leading derivatives marketplace, today announced that it will launch an options contract on its North European Hot-Rolled Coil Steel (Argus) futures on May 2, pending regulatory review. "Given price volatility and uncertainty across the global steel supply chain, we are seeing a growing demand for European HRC Steel options to help our clients more precisely manage their risk," said Jin Chang, Managing Director and Global Head of Metals at CME Gr

Ampco-Pittsburgh Corporation  announced today that it is exploring the possibility of obtaining incremental capital. The Corporation is considering, among other alternatives for equity financing, amending its outstanding Series A warrants to adjust either, or both of, the exercise price or the number of shares of the Corporation's common stock for which such Series A warrants may be exercised. Ampco-Pittsburgh intends to test the waters to evaluate potential forms of financing to hel

International technology group ANDRITZ has successfully started up the new galvanizing line supplied to Nucor Steel Arkansas in Hickman, Arkansas, USA. The first galvanized coil was produced on schedule on December 16, 2021. The new ANDRITZ state-of-the art galvanizing line has a capacity of 500,000 t/y and produces high-strength coated products for the automotive industry. ANDRITZ engineered the complete mechanical equipment, supplied electrical and automation equipment,

Steel Dynamics, Inc., announced the transition of Miguel Alvarez to lead the company's North American Metals Recycling platform effective March 31, 2022, which will proceed the July 2022 retirement of Russell B. Rinn, the company's Executive Vice President of Metals Recycling since July 2011. Mr. Rinn will remain a valuable resource to the company in a consulting role until his retirement, continuing to report to the company's Chief Executive Officer. The company is also promoting

PEB Steel Buildings Co., Ltd. (Pebsteel), a leading company in the pre-engineering steel construction industry, launches its refreshed brand identity to the market. The rebrand supports Pebsteel's long-term vision of offering customers innovative, sustainable, and cost-effective solutions during a new development phase. Construction and industrial sectors are expected to recover strongly after COVID, resulting in enormous demand for pre-engineered steel buildings, steel structur

The global stainless steel market size was USD 170.92 billion in 2020. The market is projected to grow from USD 175.72 billion in 2021 to USD 268.46 billion by 2028 at a CAGR of 6.2% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Stainless Steel Market, 2021-2028.” According to our analysts, the promptly rising automotive industry is surging the product demand. Additionally, the capability of the product to