Greenwave Technology Solutions, Inc. is pleased to report it plans to open its 12th metal recycling facility in Fairmont, NC on or about January 12, 2022. The opening of this new facility will expand the Company’s footprint to southern North Carolina as Greenwave plans to rapidly grow its metal processing volumes and revenue during 2022. “With the recent closing of our $37.7 million offering, Greenwave is fully funded and positioned to rapidly expand the number of metal

The sale of Tempel Steel Company to Worthington Industries closed on Dec. 1, Tempel Holdings Inc. announced. Worthington Industries purchased Tempel Steel Company for a base purchase price, as defined in the agreement, of $295 million, reduced by approximately $40 million of liabilities which were assumed by the buyer. "There are great synergies between these two organizations," said Christopher Stephan, president and chairman of Tempel Holdings Inc. "Tempel Steel Com

Nucor Corporation announced today that the Company's board of directors has approved the construction of a rebar micro mill, with spooling capabilities, to be located in the South Atlantic region. This will be Nucor's third rebar micro mill, joining its existing micro mills in Missouri and Florida, both of which began operations in 2020. The budgeted capex for the new micro mill is $350 million. It will have an annual capacity of 430,000 tons. "We have recently executed

Alpha Metallurgical Resources, Inc., a leading U.S. supplier of metallurgical products for the steel industry, today announced the successful refinancing of its Asset-Based Revolving Credit Facility (ABL), which was previously set to expire in April 2022. The new $155 million facility will mature in December 2024 and includes $125 million committed availability for letters of credit and another $25 million uncommitted on a cash collateralized basis.  Proceeds from this ABL will

Algoma Steel Group Inc. a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has selected Danieli & C. Officine Meccaniche S.p.A (“Danieli”) as the sole technology provider for their new electric arc (EAF) steelmaking facility. After a rigorous review of world class suppliers, Danieli’s proven AC-Digimelter technology powered by Q-One digital power systems was determined to be the best choice for Algoma&rsqu

Worthington Industries, Inc.  today announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a leading global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle (EV) motors. The purchase price was approximately $255 million and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico. “The addition

Osisko Metals Incorporated is pleased to announce that the United States now considers zinc (and nickel) as critical minerals. The US Geological Survey (USGS), in a recent report, is proposing both metals be included in the redrafted critical minerals list, as a result of re-evaluation of global supply-chain security. This was drafted as zinc inventories decline and spot prices rise in a context where the US and several other nations, including the European Union, announce major infrastructur

Steel River Group Ltd. an Indigenous-owned diversified management, development and construction consortium, is proud to announce the establishment of a new Quebec-based corporation, Le Groupe Rivières. The company’s operations will be centralized in the Lower North Shore area, where several members of the Steel River team are originally from. Le Groupe Rivières is a general construction and contracting company with a focus on civil, residential development and re

The Canada Infrastructure Bank (CIB) and Algoma Steel Inc., a subsidiary of Algoma Steel Group Inc.have entered into a definitive agreement with respect to the CIB’s previously announced commitment to finance the transformational upgrade of Algoma’s steelmaking processes at its facility in Sault Ste. Marie, Ontario. Under the terms of the agreement, the CIB will provide up to CDN $220 million in financing towards the approximately CDN $700 million transformation to elect

WaterPure International, Inc. today announced updating the company’s website to reflect the addition of electric utility sustainable technology to its existing water management technology focus. Among other updates, the website now includes a blog where industry articles pertaining to WPUR’s business focus will be periodically posted in addition to blog entries directly from the company. The first entry is a New York Times article highlighting the magnitude of the impact from the