Press Releases
16 November 2017
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
Read more...16 November 2017
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
Read more...15 November 2017
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
Read more...15 November 2017
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
Read more...14 November 2017
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
Read more...13 November 2017
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
Read more...9 November 2017
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
Read more...8 November 2017
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
Read more...Steel Partners Holdings L.P., a diversified global holding company, today announced operating results for the third quarter and nine months ended September 30, 2017. For a full discussion of the results, please see the Company's Form 10-Q as filed with the U.S. Securities and Exchange Commission, which can be found at www.steelpartners.com. Steel Partners reported that revenue for the 2017 third quarter increased to $355.0 million, from $316.8 million for the same period in 2016
Read more...Insteel Industries, Inc. today announced that its wholly owned subsidiary, Insteel Wire Products Company (together referred to as "Insteel" in this press release), has acquired certain of the assets of Ortiz Engineered Products, Inc. ("OEP"). The terms of the transaction were not disclosed. OEP provides value-engineered reinforcing solutions for the concrete construction industry, converting projects that are designed with conventional rebar to welded wire reinfo
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