Phoenix Services LLC, a premier provider of outsourced slag handling, metal reclamation, and other complementary services to leading steel mill customers around the world, today announced that Apollo Natural Resources Partners II, L.P. (“ANRP II”), a fund managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), has agreed to acquire the Company from its existing shareholders, including majority sharehol

International technology group ANDRITZ has received an order from Swiss Steel AG, Switzerland, for the supply, installation, and startup of a new walking beam furnace with an output of 150 t/h for heating the continuous-cast billets at the Emmenbrücke plant, Switzerland. Start-up is scheduled for the fourth quarter of 2019. The turnkey furnace plant delivered by ANDRITZ Maerz, headquartered in Düsseldorf, essentially comprises the refractory lining, the transport

Ampco-Pittsburgh Corporation today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), has introduced TwinAlloy™ Steel, a new generation of high-performance grade rolls, with the release of VICTURA™, the first product in the series. Used in hot rolling, late finishing stand applications, VICTURA rolls are engineered to provide superior wear resistance, excellent surface quality, and improved performance when

Nucor Corporation announced today guidance for its fourth quarter ending December 31, 2017. Nucor expects fourth quarter results to be in the range of $0.50 to $0.55 per diluted share. This range is a decrease compared to the third quarter of 2017 consolidated net earnings of $0.79 per diluted share and is comparable to the fourth quarter of 2016 earnings of $0.50 per diluted share. Projected fourth quarter of 2017 results do not contain any estimates related to the impact of the pr

The "Research Report on Tire Steel Cord Industry in China, 2018-2022" report has been added to Research and Markets' offering. In 2016, the production volume exceeded 600 million with a CAGR of over 8% during 2012 and 2016. China has been the world's biggest producer and exporter of automobile tires. The development of the radial tire industry also promotes the development of the steel cord industry in China. The researcher analyzes that China's steel

Harsco Corporation announced today that its Metals & Minerals division has successfully renewed a multi-year services contract with SULB Company (SULB), a manufacturer of multi-sized angles and beams in the Gulf Cooperation Council (GCC).  Under this contract, Harsco will provide slag management, raw material and finished product handling, and other services to SULB’s fully integrated Al-Hidd plant.  Harsco has provided onsite steel plant services to SULB in Bahrain since

The market report, entitled Stainless Steel Kirschner Wires Market, is an exploratory study performed by QY Market Research for the Stainless Steel Kirschner Wires market, which scrutinizes the competitive structure of the Stainless Steel Kirschner Wires industry across the world. It divulges the factual data and all-inclusive assessment of the market. Put up by the implementation of competent systematic means such SWOT analysis, the "Global Stainless Steel Kirschner Wires Market" r

AK Steel said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $30 per ton, effective immediately with new orders. AK Steel AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, electrical power generation and distribution markets. Through its subsidiaries, the company also provides cu

Steel Dynamics, Inc. today commented that it is pleased with this week's announcement by the Department of Commerce (DOC) concerning the preliminary affirmative circumvention determination against flat roll steel from China processed into cold roll and corrosion resistant flat roll steel in Vietnam. The circumvention investigation was made pursuant to a petition filed by Steel Dynamics on September 22, 2016. "We are very pleased that Secretary Ross is taking steps to aggres

The Board of Directors of Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 6, 2017, a cash dividend of $0.01 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 9, 2018, to shareholders of record at the close of business on January 12, 2018. For further information regarding this dividend, please contact Mr. Alex LaRue, Vice Presi