TimkenSteel and the United Steelworkers (USW) Local 1123 have reached a third tentative agreement on a four-year contract. The union will set and announce the date for its membership to vote on the tentative agreement. "From the start of these contract discussions, we have worked with union leadership to convey the competitive pressures we continue to face, and to reach an agreement with those representatives that take into consideration today's marketplace while still givi

The ultra-high strength steel market is estimated to be USD 7.96 billion in 2017 and is projected to reach USD 11.35 billion by 2022, at a CAGR of 7.35% from 2017 to 2022. The high consumption of ultra-high strength steels in the automotive and aerospace & defense industries is one of the most significant factors driving the growth of the market. In addition, technological advancements in the field of structural steels have resulted in the development of advanced steel grades, which, in t

TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced it will increase prices on seamless mechanical tubing products by $40 per ton.  This increase is applicable to orders not already covered by pricing agreements, and effective for shipments beginning April 1, 2018.  All surcharge mechanisms remain in effect. About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkenstee

TimkenSteel Corporation, a leader in customized alloy steel products and services, will present at the Cowen Energy & Natural Resources Conference on Tuesday, Dec. 5 at approximately 9:40 a.m. EST in New York. Christopher J. Holding, executive vice president and chief financial officer, will address the conference. A live webcast of the presentation and supplemental materials will be available for viewing at investors.timkensteel.com. A recorded replay of the webcast w

Steel Dynamics, Inc.  today announced that the company's board of directors has declared a quarterly cash dividend of $0.1550 per common share.  The dividend is payable to shareholders of record at the close of business on December 31, 2017, and is payable on or about January 10, 2018. About Steel Dynamics, Inc. Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated ann

NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has supplied dynamo steel to Joint Institute for Nuclear Research (based in Dubna) for the construction of a unique accelerator complex in Russia, a NICA collider (Nuclotron-based Ion Collider Facility). The international NICA complex mega-science project is aimed at studying the properties of nuclear matter at the highest baryonic densities in a lab context. Such matter existed onl

DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE:HCHC), announced today that it has entered into an agreement to acquire the assets of Mountain States Steel, Inc. (“MSS”). A premier structural steel fabricator founded in 1949 by the Olsen family, Mountain States Steel has a modern fabrication facility located on approximately 32 acres in Lindon, Utah. 

The "Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to 2021" report has been added to Research and Markets' offering. The electrical steel market size will grow from USD 27.84 Billion in 2016 to USD 38.98 Billion by 2021, at an estimated CAGR of 7.0%. Technological developments in the

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