Southern California Gas Co.  today announced agreements that are expected to resolve substantially all material civil litigation against SoCalGas related to the 2015 Aliso Canyon natural gas storage facility leak. As a result of the agreements, SoCalGas will record an after-tax charge of approximately $1.1 billion this month.  Settlement costs will not be borne by ratepayers. The first agreement is subject to obtaining roughly 97% participation among approximately 36,000 i

ArcelorMittal announces that it has signed a letter of intent with the Governments of Belgium and Flanders, supporting a €1.1 billion project to build a 2.5 million-tonne direct reduced iron (DRI) plant at its site in Gent, as well as two new electric furnaces. A DRI plant uses natural gas, and potentially hydrogen, instead of coal to reduce iron ore, resulting in a large reduction in CO2 emissions compared with blast furnace ironmaking. The two electric furnaces will melt the

L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced today that it completed the sale of its steel Piling Products line of business to J.D. Fields & Company, Inc. on September 24, 2021 for approximately $24 million in total proceeds. The Company is retaining all pre-closing receivables and liabilities associated with the business. The asset sale includes all inventory held by the Company

TimkenSteel Corp., a leader in high-quality specialty steel, manufactured components and supply chain solutions, and the United Steelworkers (USW) Local 1123 have jointly agreed to extend their contract, which expires on Monday, September 27, 2021. The two-week extension will allow negotiations to continue as both sides work toward a mutually acceptable agreement. The extension will expire on Monday, October 11, 2021. "Negotiations are moving forward constructively," said

Legato Merger Corp. a publicly traded special purpose acquisition company, today announced that its Special Meeting of Stockholders (the “Special Meeting”) has been set for October 14, 2021 at 11:00 a.m.EST. Stockholders of record as of August 18, 2021 (the “Record Date”) are eligible to vote at the Special Meeting to consider the previously announced business combination with Algoma Steel Group Inc. (“Algoma” or the “Company”), a fully integrat

PyroGenesis Canada Inc. a high-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, today announces that Pyro Green-Gas, formerly known as AirScience Technologies Inc.(“AST”), a wholly owned subsidiary of PyroGenesis Canada Inc, has been selected to supply its landfill biogas purification system to Carb

Ongoing automation advances by Taiwan's metal forming and welding companies are helping customers reduce errors, eliminate waste, and cope with the shortage of skilled workers, according to a webinar held in conjunction with last week's FABTECH 2021 conference in Chicago. Companies participating in the webinar,  "Innovative Thinking and Metal Forming and Welding after the Pandemic," predicted continuing innovations that will further trim processing time, limit manpower

Universal Stainless & Alloy Products, Inc. today announced a base price increase of 3% to 10% on all long products. The increase goes into effect immediately for all new orders. Current material and energy surcharges will remain in effect. Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, “This year has brought sharp inflationary cost increases to nearly all areas of our business, and it has become necessary for us to adjust our pricing to kee

Alcoa Corporation announced today that it plans to restart 268,000 metric tons per year (mtpy) of aluminum capacity at the Alumar smelter in São Luís, Brazil, which has been fully curtailed since 2015. The process to restart the idle capacity will begin immediately. The first molten metal is expected in the second quarter of 2022, and the full 268,000 mtpy of capacity is expected to be operational in the fourth quarter of 2022. By 2024, the Alumar smelter will be power

ArcelorMittal today announces it has become an anchor partner in Breakthrough Energy’s Catalyst program, committing to an equity investment of $100 million over the next five years. Founded by Bill Gates, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050. Breakthrough Energy’s efforts include investment vehicles, philanthropic programs, policy advocacy, and other initiatives, including Catalyst. Cat