Cleveland-Cliffs Inc. announced today that it has acquired United States Steel Corporation’s 15 percent equity interest in the Tilden Mining Company for $105 million in cash. Cliffs previously owned an 85 percent interest in the joint venture and now has 100 percent ownership of the mine. The transaction closed on September 29, 2017. With the closing of this transaction, Cliffs has added 1.2 million long tons of annual pellet production capacity and 55 million long tons of pro

The report that is written on the titled Iron Powder Market 2017 covers all the aspects of the global market study. This report has an estimation about the Iron Powder Market size in terms of value (US$). The report contains the broad segmentation of the market. The report provides the information about the Iron Powder Market and also forecasts its position in the coming years. The global Iron Powder market is valued at XX million USD in 2016 and is expected to reach XX million USD

Ternium S.A. today announced two new investment programs that will further develop its industrial system to better serve its customers. The company plans to install a new hot rolling mill at its Pesquería industrial center in Mexico, and to build a new steel reinforcing bar manufacturing facility in northern Colombia. The new state-of-the-art hot rolling mill in Mexico will target the growing industrial and commercial markets, improving customer service and reducing lead-time

This CRU Insight is the second in a series of five that look at China's capacity reduction programme and its key implications. In this paper we examine the impact of improving capacity utilisation on domestic steel prices. Prices and margins improve, but why? Part of the answer lies in changes in marginal cost of production. This relationship is independent of any change in steelmaking raw materials costs, and any other input cost for that matter. When capacity utilisa

Schnitzer Steel Industries, Inc. today announced preliminary results for its fourth quarter of fiscal 2017 ended August 31, 2017. Schnitzer expects fourth quarter earnings per share from continuing operations to be in the range of $0.62 - $0.65. Adjusted earnings per share are expected to be in the range of $0.60 - $0.63. For the fourth quarter of fiscal 2016, reported earnings per share were $0.59 and adjusted earnings per share were $0.60, both of which included a benefit of $0.21 per share

Commercial Metals Company, in conjunction with its fourth quarter earnings release, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 26, 2017, at 11:00 a.m.  Eastern Time (10:00 a.m. Central) with Barbara Smith, President & CEO and Mary Lindsey, Senior Vice President & CFO. The teleconference will also be available via webcast.  To access the webcast (in listen-only mode), please visit Commercial Metals

Shanghai Metal Corporation is a manufacturing company that designs customized machinery for different sectors. Clients from different industries can get different kinds of machines made through them. Cutting machines are being used in almost every sector. It is important to buy a cutting machine that cuts with precision and gives a nice finishing. There are various companies that have been manufacturing useful machinery that come in handy for almost all the industries. Getting in to

Flat Steel Market Analysis By Product (Sheet & Strips, Plates), By Material (Carbon, Alloy, Stainless, Tool), By Application (Building & Infrastructure, Automotive, Mechanical Equipment), By Region, And Segment Forecasts, 2014 - 2025. The global flat steel market is expected to reach USD 1,015.7 billion by 2025, growing at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The rapid industrialization, increase in infrastructural investment and g

Universal Stainless & Alloy Products, Inc. today announced a base price increase of 5% on all stainless products manufactured at its Bridgeville, Dunkirk and North Jackson facilities.  The increase will be effective for all non-contract new orders entered October 1, 2017 forward.  Current material and energy surcharges will remain in effect. Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, “We are committed to providing our customer

Carpenter Technology Corporation announced today that it will increase base prices three percent (3%) to eight percent (8%) on new non-contract orders across all stainless steel product forms. The increases will be effective with new orders placed after September 30, 2017. All applicable surcharges will remain in effect. About Carpenter Technology Carpenter Technology Corporation is a leading producer and distributor of premium specialty alloys,