Press Releases
30 June 2017
Warrior Met Coal, Inc., the leading dedicated U.S. based producer and exporter of high quality metallurgical (“met”) coal for the global steel industry, today announced that it has joined the Russell 2000® Index of small- to mid-capitalization companies in the United States. “Being added to the Russell 2000 less than three months after our successful IPO is a notable milestone for our company,” commented Walt Scheller, CEO of Warrior Met Coal. “Memb
Read more...30 June 2017
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 quarter and year ended March 31, 2017. For the year ended March 31, 2017, the Company recorded a net loss of $2,678,684 ($0.39 loss per share diluted) on net sales of $77,756,055. During the year ended March 31, 2016, the Company recorded net earnings of $294,000 ($0.04 earnings per share diluted) on ne
Read more...29 June 2017
Mill Steel Co., one of the nation's largest distributors of flat-rolled carbon steel, opened a new facility in Houston, Texas with plans to expand its Steel Structural Products (SSP) cold-formed steel framing manufacturing operations. Mill Steel's new 100,000 square-foot facility houses three production lines with the capability of slitting 50,000 lb. master coils up to 60" wide and .015-.250" thick. The company is currently installing roll forming lines to allow f
Read more...Research and Markets has announced the addition of the "Global Aluminum FRP Market 2017-2021" report to their offering. The analysts forecast the global aluminum FRP market to grow at a CAGR of 3.60% during the period 2017-2021. Global Aluminum FRP Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also include
Read more...27 June 2017
Japan's largest steelmaker Nippon Steel and Sumitomo Metal is indexing its coking coal imports using assessments that include Australian premium hard low-volatile coking coal export prices published by leading global commodity price reporting agency Argus. Other steel mills in Japan and South Korea typically follow Nippon Steel's lead in quarterly negotiations and are still discussing options for pricing coking and pulverised coal injection (PCI) coal. Argus is one of three
Read more...Research and Markets has announced the addition of the "Steel Market Analysis By Product (Hot, Cold, Direct Rolled, Tubes), By Application (Pre-engineered Metal Buildings, Bridges, Industrial Structures), By PMB, By Region, And Segment Forecasts, 2014 - 2025" report to their offering. The global steel market is expected to reach USD 1.01 trillion by 2025. Growing inclination of contractors towards sustainable, low cost and durable building materials is driving steel demand
Read more...Stainless steel control valves (less than 2 inches) are primarily used for controlling pressure, flow and liquid level of fluid systems, by either partially or fully opening or closing the valve in response to the signals received from controllers. Their resistance to corrosive fluids and ability to function in wide temperature ranges are primary reasons for their applications across various industry verticals. The global stainless steel control valves (less than 2 inches) market has been seg
Read more...Today, June 21, 2017, the board of directors of Commercial Metals Company declared a regular quarterly cash dividend of $0.12 per share of CMC common stock. The dividend is payable to stockholders of record as of the close of business on July 6, 2017. The dividend will be paid on July 20, 2017. This cash dividend reflects CMC's 211th consecutive quarterly dividend. About Commercial Metals Company Commercial Metals Company and its subsidiaries manufactu
Read more...Adamant DRI Processing and Minerals Group, a Hebei Province, People's Republic of China based producer and supplier of direct reduced iron (DRI) feedstock for China's steel manufacturing and processing industries, today announced it has secured a supply contract with JiangSu YanCheng YunQiJia Trading Co ("YunQiJia"), a leading processor and supplier of specialized steel to industry bellwethers Nanjing Iron and Steel Group and Jiangyin Xingcheng Special Steel Works.
Read more...21 June 2017
Mill Steel Co., one of the nation's largest distributors of flat-rolled carbon steel, expanded its operations and geographic presence with the opening of a new facility in Houston, Texas. Mill Steel is now operational with slitting and cut-to-length capabilities in their 100,000 square-foot facility. This premier building houses three production lines with the capability of slitting 50,000 lb master coils up to 60" wide and .015-.250" thick. The company plans to
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