Press Releases
ArcelorMittal S.A. / ArcelorMittal announces results of its Annual and Extraordinary General Meetings . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement. Luxembourg, 10 May 2017 - The Annual and Extraordinary General Meetings of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions on their respective agendas by a strong majority. 63.19% of the voting rights were represe
Read more...10 May 2017
Alcoa Corporation announced today that Roy C. Harvey, Chief Executive Officer, and William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference in Barcelona, Spain, on Tuesday, May 16, 2017. The session will be available through a live audio webcast beginning at 8 a.m. EDT (2:00 p.m. CEST) on Tuesday, May 16, on the “Investors” s
Read more...Steel Partners Holdings L.P. , a diversified global holding company, today announced operating results for the first quarter ended March 31, 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 first quarter increased to $323.3 million from $246.8 million for the same period in 2016. Loss before taxes,
Read more...The demand for tool steel market is majorly dependent on the availability of steel in the market. Tool steel is the use of various carbon and alloy steel to be manufactured as tools. This steel is found in bulk in the market, which leads to the increase in production and adoption tool steel. The increase in demand of tool steels to manufacture various cutting tools, such as tool bits, planers, jointer blades, dies, milling cutters, saw blades, drills, taps, gear cutters, router bits, and punc
Read more...Steel recycling is a process that is widely performed in steel industries worldwide. Recycled steel is more cost effective than mining iron ore and then converting it into new steel. There are mainly three broad sources of scrap steel- home scrap (i.e. the scrap produced within a mill and is available within few weeks of time), prompt scrap (i.e. the scrap produced from manufacturing of steel products and is available within few months), and obsolete scrap (i.e. the scrap produced during the
Read more...This research study analyzes the market for nickel alloy welding consumables in terms of revenue (US$ Bn) and volume (kilo tons). The nickel alloy welding consumables market has been segmented on the basis of product, alloy type, welding technology, end use applications, and geography. The geographical segmentation includes regions, which are further divided into 20 countries. The report features a detailed regional segmentation with market growth forecasts for the period between 2016 and 202
Read more...Cliffs Natural Resources Inc. is responding to articles published today by Barron's Ben Levisohn and Axiom Capital Management's Gordon Johnson with respect to an open market purchase of 200,000 Cliffs shares made yesterday by its Chairman, President and CEO, Lourenco Goncalves. These comments include statements that are inaccurate and materially misleading regarding Mr. Goncalves's previous share purchases. In particular, Barron's and Axiom inaccurately reported that Mr. Gonca
Read more...4 May 2017
Russel Metals Inc. announces that it has declared a dividend in the amount of Cdn$0.38 per share on its common shares, payable on June 15, 2017 to shareholders of record at the close of business on May 26, 2017. Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors, under
Read more...4 May 2017
Outokumpu has provided 1,000 metric tonnes of Supra 316L/4404 stainless steel for the China Resources Group headquarters in mainland China. This 392.5-meter-tall skyscraper is currently under construction and set for completion in 2018. The stainless steel was delivered as Deco Linen finished sheets. The innovative new building designed by KPF architects employs stainless steel in 56 external columns that support its glass facade
Read more...Steel mills face complex challenges in manufacturing where process fluids can optimize operations. Quaker Chemical Corporation, a longstanding supplier of steel fluids, offers integrated process solutions ranging from cleaners, rolling oils, corrosion preventives, temper fluids, and surface treatment, which will be featured at AISTech 2017 - the Steel industry's premier technology event. Furthermore, for many mills, the threat
Read more...