Olympic Steel, Inc. a leading national metals service center, today announced the sale of substantially all of the Company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the final sale price. “We remain focused on our long-term strategy to further diversify our business, deliver consistent pr

Nucor Corporation  today announced guidance for its third quarter ending October 2, 2021. Nucor expects third quarter earnings to be in the range of $7.30 to $7.40 per diluted share. Third quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record of $5.04 per diluted share set in the second quarter of 2021.   All three operating segments continue to generate robust profitability as overall demand remains str

United States Steel Corporation  today announced, as part of the continued transition to its Best for AllSM strategy, an exploratory site selection process to build a new state-of-the-art mini mill in the United States. The U. S. Steel Board of Directors has authorized an exploratory site selection process to build capability with a new, three-million-ton mini mill flat-rolled facility to be constructed in the United States. The planned mini mill will combine two state-of-the-

Steel Dynamics, Inc. provided third quarter 2021 earnings guidance in the range of $4.78 to $4.82 per diluted share, representing record quarterly performance. Excluding the impact from costs associated with the construction of the company's Sinton Texas Flat Roll Steel Mill growth investment of approximately $30 million, or $0.10 per diluted share, the company expects third quarter 2021 adjusted earnings to be in the range of $4.88 to $4.92 per diluted share. Comparatively, the

Tree Island Steel Ltd. is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.03 per share on the issued and outstanding Common Shares of the Company, payable on October 15, 2021, to holders of record at the close of business on September 30, 2021. This is in addition to the $0.05 per share special dividend declared and announced on July 27, 2021 and also payable on October 15, 2021. About Tree Island Steel Tre

The "Global Iron & Steel Directory 2021" directory has been added to ResearchAndMarkets.com's offering. The Global Iron & Steel Directory 2021 is an indispensable global directory - an instant authoritative source for producers, distributors, technical providers and end users within the iron and steel industry. The directory provides extensive details of the producers, both large and small operating in this important sector. The directory is the leadi

The "Steel Tubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global steel tubes market is expected to exhibit moderate growth during 2021-2026. Steel tubes are tough, strong and durable metal tubes and are available in different shapes, including square, rectangular and round. The production process of these structures incorporates alloys of iron with various ot

The "Global Copper Pipes and Tubes Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the copper pipes and tubes market and it is poised to grow by $4.96 billion during 2021-2025, decelerating at a CAGR of 3.15% during the forecast period. The report on the copper pipes and tubes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor

Flexsteel Industries, Inc. announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable October 4, 2021 to shareholders of record as of September 22, 2021. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 319th consecutive quarterly cash dividend. About Flexsteel Flexsteel Industries, Inc. and Subsidiaries (the “Company”) is one of the largest manufacturers, importer

PowerFlex - an EDF Renewables Company was recently selected by Schnitzer Steel Industries, Inc. to design, build, and operate a 1,600 kilowatt (kW)/5,567 kilowatt-hour (kWh) Battery Energy Storage System (BESS) at its Oakland, California facility to lower operational electricity costs by leveraging best practices in energy demand management. The battery will charge during periods of the day when electricity demand on the grid is lowest and renewable energy generating assets are acti