Chicago based Union Partners announced effective April 10, 2018 that it has acquired Maksteel, a world class steel service center, toll processor and logistics solutions provider located in Mississauga, Ontario. The Maksteel campus encompasses over 27 acres of land and includes a 200,000 square foot production facility along with gantry-serviced outdoor storage area to stock and service the material needs of a wide variety of industries including agriculture, pipe and tube, automotive, constr

Qnect, LLC announced today that Nucor Corporation (NYSE: NUE) is the lead investor for Qnect's $3.8 million funding round. Qnect provides software and digital engineering to optimize connections and production throughput for better steel project efficiency. "We are proud to be able to partner with Nucor. Their investment recognizes the power of our software and is a gratifying endorsement from such a prominent leader in the steel industry," says Jef Sharp, CEO of Qnect

Albras' Board of Directors has decided to curtail 50 percent of aluminium production at the Albras aluminium plant. The curtailment represents 230 000 tonnes on an annualized basis and is a result of the Alunorte alumina refinery not being able to supply more than 50 percent of Albras' alumina needs following Alunorte's forced production cut. The curtailment decision was taken on April 10, and the process to reduce production will be initiated shortly. Albras sources all

 Carmax Mining Corp  is pleased to announce that it has executed a purchase agreement with an arm’s length third party. Through this agreement, (subject to approval by the TSX-Venture Exchange) Carmax will acquire additional mineral tenures located contiguous to its 100% owned Eaglehead polymetallic porphyry copper project in northern British Columbia. Highlights of the proposed transaction are: Approximately 2,400 ha in 3 mineral tenures located co

This year’s Aluminium China exhibition and conference in July will provide a platform for China’s rapidly changing and expanding aluminium industry and showcase new state-of-the-art processes and products. Since the launch of the ‘Made in China 2025’ strategy more than two years ago, China has made great strides towards becoming the world’s leading manufacturing hub. And it is against this backdrop that the Chinese aluminium industry is shifting its focus from sp

Cleveland-Cliffs Inc. (NYSE: CLF) held a groundbreaking event with state and local dignitaries today to celebrate the construction of its first hot-briquetted iron (HBI) production plant. Cleveland-Cliffs broadcasted live the event from the project’s construction site. The video is available to watch on-demand at the Cleveland-Cliffs YouTube channel. About Cleveland-Cliffs Inc. Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independ

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has signed group annuity contracts to transfer approximately $555 million in obligations, and related assets, of defined benefit pension plans in Canada. The transfer, which will be complete later this month, is aligned with Alcoa’s strategic priority to strengthen its balance sheet by lowering the Company’s risk to volatility from its pension plan obligations. The group annuity cont

Outokumpu Long Products has won a contract to supply more than 2,500 metric tons stainless steel rebar to the Rodanthe Bridge project in North Carolina, USA. Deliveries will be started in Q2 2018 and continue through 2020. The contract is with Harris Rebar to supply domestic fabricated stainless steel rebar in grade XM-28 in sizes #4 through #9. This is the biggest order of domestic made rebar for Outokumpu in the US so far. This 2.4-mile bridge will ensure safe and reliab

Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), today issued the following statement in response to the Environmental Protection Agency announcement to revisit federal greenhouse gas standards for 2022–2025 model year vehicles: "Today's announcement by Administrator Pruitt is a positive development for the steel industry and our partners in the auto sector. In the past, we expressed concern the good faith efforts by our industry an

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that effective April 2, 2018, it has acquired the assets of Berlin Metals LLC, based in Hammond, Indiana. Terms in the all-cash deal were not disclosed. With approximately $50 million in annual sales, Berlin Metals was founded in 1967 and is one of the largest North American service centers processing and distributing prime tin mill products and stainless steel strip in slit coil form. The C