National Electrical Manufacturers Association (NEMA) President and CEO Kevin Cosgriff said the new import tariffs on steel and aluminum will create unwelcome challenges for many electrical manufacturers, particularly related to certain types of electrical steel not made in the U.S. and the overly broad restrictions on imported aluminum. “Our industry uses steel and aluminum from domestic and overseas sources in their manufacturing processes. The President’s decision to i

 The Canadian Steel Producers Association (CSPA) and its member companies, today welcomed Canada’s exemption from the tariffs announced by President Trump in response to the Section 232 investigation on The Effect of Imports of Steel on the National Security. These exemptions are positive news for Canada’s steel producers and their employees. “On behalf of the membership of the CSPA, we would like to thank the Government of Canada for its significant efforts o

United States Steel Corporation (NYSE:X) announced today it will restart one of two blast furnaces (“B” blast furnace) and the steelmaking facilities at its Granite City Works, an integrated steelmaking plant in Granite City, Ill.  The additional capacity will support anticipated increased demand for steel in the United States from the pending action announced by President Donald J. Trump on March 1, 2018, as a result of the U.S. Department of Commerce Section 232 national se

Hydro's CEO Svein Richard Brandtzæg has appointed CFO Eivind Kallevik as interim head of Bauxite & Alumina with immediate effect, replacing Silvio Porto, in response to the challenging situation at the Alunorte alumina refinery that is currently operating at 50 percent capacity. Kallevik will at the same time remain in his position as CFO. Brandtzæg will further commission an independent review of Alunorte by an internationally renowned environmental consultancy,

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that it will host a live webcast of its investor day on Thursday, March 15, 2018, beginning at approximately 12:15 p.m. E.T. The live webcast can be accessed through a link on the “Investor Events” page on Steel Partners’ website at www.steelpartners.com. A replay of the event will also be available on the company’s website for one year. Attendance at th

United States Steel Corporation (NYSE:X) announced the successful completion of an amendment and extension of its existing revolving credit facility. The Fourth Amended and Restated Credit Agreement extends the scheduled maturity date until February 2023 and maintains the $1.5 billion maximum facility amount available to U. S. Steel under the prior credit agreement. Kevin P. Bradley, Executive Vice President & Chief Financial Officer stated, “This action marks an

United Steelworkers (USW) International President Leo W. Gerard issued the following statement following a session the President hosted at the White House with steel and aluminum industry executives. During the session, the President indicated that he wanted to impose tariffs on steel and aluminum imports to achieve the goals identified in the Department of Commerce Section 232 investigation reports. "The steel and aluminum sectors have been under attack by predatory trade prac

In Galvanizing process protective zinc coating is applied on steel to prevent it from rusting. The commonly used methods of galvanizing are hot dip and electroplating. In hot dip galvanization process, zinc coating is applied by dipping steel product in bath of molten zinc. While in electroplating or electrical galvanizing or zinc plating process zinc coating is applied by using electricity.. There are many advantages of electrical galvanization over hot dip galva

Mueller Industries, Inc. announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 10 cents per share. The dividend will be payable March 29, 2018 to shareholders of record on March 16, 2018. Mueller Industries, Inc. is an industrial manufacturer that specializes in copper and copper alloy manufacturing while also producing goods made from aluminum, steel, and plastics.

Chinese imports of stainless steel hot-rolled coil surge as Tsingshan's Indonesian facility continues to ramp up strongly. Chinese imports of hot-rolled coil jumped by over 140% m/m to an eleven-year high in December, as imports from Indonesia surge following the ramp up of Tsingshan's Sulawesi facility. Subsequently, China became a net importer of hot-rolled coil (HRC) for the first time in seven years, representing a structural change in Asian trade flows as production con