Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximat

Flexsteel Industries, Inc., one of the largest manufacturers, importers and online marketers of furniture products in the United States, announced today that it will issue its first quarter 2022 financial results after market close on Monday, October 25, 2021. A conference call and audio webcast with analysts and investors will be held on Tuesday, October 26, 2021 at 8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 866-777-2509 (dom

Reliance Steel & Aluminum Co. announced today that effective October 1, 2021, it has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United’s broad product offering includes full lines of steel pipe, copper tubing, pla

Nucor Corporation announced today the launch of Econiq™, a line of net-zero carbon steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. By introducing Econiq, Nucor is providing confidence for steel consumers to know they are purchasing the lowest greenhouse gas (GHG) emissions steel product available. A first of its kind at scale for the United States steel industry, Econiq will be available across Nucor's steelmaking

SKF is supporting the development of fossil-free bearing steel through a collaboration with Luleå University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial processes and energy systems, speeding up the development of fossil-free bearing steel. Victoria Van Camp, President, SKF Technology, says: "Mechanical components are very important to ensure the function and operation in

Steel Dynamics, Inc., one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release third quarter 2021 financial results after market close on Monday, October 18, 2021. The teleconference is scheduled to begin at 10:00 a.m. Eastern Daylight Time on Tuesday October 19, 2021 and will be hosted by Mark D. Millett, Chairman, Chief Executive Officer and President, and Theresa E. Wagler, Executive Vice President and Chief Financial Offi

The Port Commission of the Port of Houston Authority convened on Tuesday in an in-person public meeting for the first time since the pandemic's start. The Emergency Suspension of the Open Meetings Act requirements ended, and in accordance, a quorum of the Commission was physically present. Chairman Campo observed that they had masks and were properly spaced and being thoughtful of best Covid-19 protocols. He said that the hybrid public meetings will likely continue as providing

Xebec Adsorption Inc. a global provider of clean energy solutions, is pleased to announce today that it has signed a contract to supply two Hy.GEN® 150 units with a Turkey-based flat steel manufacturer. The two units will have a capacity of approximately 600 kg of hydrogen per day (220 tons per year) at 99.999% purity to create a protective atmosphere within the annealing heat-treatment process. This contract from a flat steel producer represents the first of its kind received by Xebec an

The "Aerospace Bars Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering. The development of lightweight bars for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. Materials in the aerospace industry are used

Harsco Corporation, a global market leader providing environmental solutions for industrial and specialty by-products, announced today that its Harsco Environmental division has successfully entered into an exclusive strategic relationship with Magsort Ltd. to bring world-leading metal recovery technology to the steel industry. Magsort has brought to market an ultrahigh energy crusher for the processing of steelmaking slags, enabling the recovery of higher value metallics. This solu