TimkenSteel employees who are members of the United Steelworkers (USW) Local 1123 have failed to ratify a second tentative agreement between their bargaining representatives and the company. "We're extremely disappointed because both the company and the union returned to the bargaining table a few weeks ago and once again worked hard to arrive at a fair and realistic agreement focused on benefitting our employees and the community," said Bill Bryan, TimkenSteel's e

Steel Partners Holdings L.P., a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable December 15, 2017, to unitholders of record as of December 1, 2017, on its 6% Series A Preferred Units, no par value, that are currently listed on the New York Stock Exchange (the “NYSE”) under the ticker symbol “SPLPPRA.” The company’s board of directors has also declared a r

Dave Steel Company, Inc., a US family-owned steel fabrication company that services commercial and industrial projects, announced today that Walters Group, a Canadian fabrication company has completed a significant minority acquisition of ownership of Dave Steel Company, Inc. Much like Dave Steel Company, Walters Group is a family-owned business with a long history in steel fabrication and construction. With three plants in Ontario, Canada, Walters Group designs, fabricates, and con

Nucor Corporation announced today that it will build a full-range merchant bar quality (MBQ) mill at its existing bar steel mill located in Bourbonnais, Illinois. The MBQ mill will have an annual capacity of 500,000 tons and is expected to cost $180 million. The project will take approximately two years to complete. "This new MBQ mill is right in line with our long-term strategy for profitable growth. It takes advantage of our position as a low-cost producer to displace tons cu

The "Global High Strength Steel Market - Segmented by Type, Application, and Geography - Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering. High strength steel (also known as high strength alloy steel) consists of low carbon steel with a small amount of molybdenum, niobium, and titanium. This high strength steel provides better resistance to corrosion than the carbon steel. Moreover, it differs from the other steel types that a

Novelis, the world leader in aluminum rolling and recycling, announced its Advanz™ 6HF - e/s200 aluminum alloy is now available in North America following its successful application in Europe. This heat-treatable alloy provides automakers greater design flexibility due to its superior formability, strength performance and weight savings for outer and inner applications. The high-formable 6xxx-series alloy enables new opportunities to use aluminum for body sides, door inners, d

Friedman Industries, Incorporated (NYSE - American; trading symbol: FRD): Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced today its results of operations for the second quarter. For the quarter ended September 30, 2017, the Company recorded net earnings of $310,039 ($0.04 diluted earnings per share) on sales of $26,077,710. During the quarter ended September 30, 2016, the Company

TimkenSteel and the United Steelworkers (USW) Local 1123 have reached a second tentative agreement on a four-year contract. The union will set and announce the date for its membership to vote on the tentative agreement. "We have continued to meet and work with union representatives over the past few weeks to arrive at an agreement that benefits our employees as well as our community," said Bill Bryan, TimkenSteel's executive vice president of manufacturing & supply

SpendEdge, a global procurement intelligence advisory firm, has launched three procurement research reports on the ‘metals and mining’ category. To help clients understand the current supply landscape of the metals and mining sector, analysts have covered reports such as ‘Coke Procurement Research Report’, ‘Stainless Steel Procurement Research Report’, and ‘Iron Ore Procurement Research Report’. Global Coke Category - Procureme

Insteel Industries, Inc. today announced that its board of directors declared a quarterly cash dividend of $0.03 per share on the Company's common stock payable on January 5, 2018 to shareholders of record as of December 20, 2017. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcem