Flexsteel Industries, Inc., one of the oldest and largest manufacturers, importers and marketers of residential and contract upholstered and wooden furniture products in the United States, today announced that Jerald (Jerry) K. Dittmer has been named the Company’s President and Chief Executive Officer effective December 28, 2018. Dittmer, an accomplished leader in the office furniture industry, is a veteran of HNI Corporation, a publicly traded company and leading global office furnitur

After leading the company’s UK business through a major transformation programme, Bimlendra Jha, CEO of Tata Steel UK, is taking up a new role at Tata Steel Limited in India, with the leadership of the UK business returning to its former structure. Bimlendra was appointed CEO of Tata Steel UK in April 2016 at which time he spearheaded a transformation programme to develop a more sustainable UK business. He also oversaw the successful divestments of non-core businesses, includi

Black Iron Inc. continues to advance the Shymanivske Iron Ore Project (“Shymanivske” or the “Project”) towards construction.  In the second half of this year, the Company hosted a few multibillion-dollar companies at site as part of their due diligence to fund a portion of Project construction in exchange for purchase of the ultra high grade 68% iron content pellet feed iron concentrate expected to be produced.  Additionally, several meetings with Ukraine gov

TMS International recently dedicated and began operation of a new Extruded Product Services (EPS®) plant at the CAP Acero Steel operation in Concepción, Chile. This marks TMS' first operation in Chile. Plant festivities included a ribbon cutting ceremony, tours of the operation and a reception. Dedication speeches by Rodrigo Briceño, CAP Acero CEO; Henry Campos, Mayor of Talcahuano Region and various other local political leaders; Filiberto Morales, TMS Vice Pr

Tata Steel and thyssenkrupp have today decided on the members of the future Management Board for the planned European steel Joint Venture between the two companies. Tata Steel and thyssenkrupp AG signed definitive agreements in June 2018 to combine their European steel businesses in a 50/50 Joint Venture. The proposed new company, to be named thyssenkrupp Tata Steel B.V., headquartered in the Amsterdam area will be positioned as a leading pan-European high-quality flat steel produce

Starting today, Fastmarkets AMM's daily US Midwest hot-rolled coil (HRC) price index will be used as the benchmark to settle a new HRC steel derivatives contract to be launched on Nasdaq Futures Exchange (NFX). "This is the first futures contract in the US tied to a daily hot-rolled coil price," said Grace Lavigne, Fastmarkets' price development manager for North America. "We are delighted that our partnership with NFX offers the steel supply chain new opportu

Alba, the Bahrain-based aluminum producer, announced that it has successfully produced the First Hot Metal on December 13 at its Potline 6 Expansion Project. Potline 6, which is being executed by Bechtel as the engineering, procurement and construction management (EPCM) contractor, will make Aluminium Bahrain B.S.C. (Alba) the world's largest aluminium smelter once at full production.  Adding 540,000 metric tonnes per annum (mtpa) to Alba's capacity of 1,000,000 mtpa, t

British Steel has won two multi-million-pound contracts to supply 86,000 tonnes of rail to Rete Ferroviaria Italiana (RFI), the manager of Italy’s railway infrastructure. The agreements – which include the delivery of 18,000 tonnes of its unique premium Stress-Free (SF) heat treated rail – quickly follow two other major deals British Steel has secured with national rail operators. In September, Network Rail announced it was extending its supply contract w

Markforged, the Boston-area 3D printer company transforming manufacturing, today announced the launch of H13 tool steel for the Metal X, the world’s leading desktop-sized metal printer with over 150 systems shipped since March 2018. The expansion into H13 will enable customers to print parts in high-strength, high-temperature applications such as metal forming tools, dies and punches, and hardened inserts for fixtures, and even injection molds with conformal cooling channels. To learn m

ArcelorMittal today called for Europe to introduce a green border adjustment whereby steel imported into Europe has the same standards applied on CO2 as European-produced steel under the Emissions Trading System (ETS) regime. The adjustment would call for any shortfall in CO2 emissions to be compensated by the importer. The green border adjustment would incentivise effective reduction in carbon emissions and prevent the competitiveness of the European steel industry being eroded. Fo