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

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

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

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

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

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

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

Cliffs Natural Resources Inc. will ring The Closing Bell at the New York Stock Exchange today, May 1, 2017. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, the company's board of directors and executive management team will participate in the event to celebrate the company's 170th year anniversary. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, said, &qu

The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.1875 per common share, payable on May 22, 2017, to shareholders of record on May 8, 2017. Schnitzer has paid a dividend every quarter since going public in November 1993. About Schnitzer Steel Industries, Inc. Schnitzer Steel Industries, Inc. is one of the largest manufac

According to a new report published by Allied Market Research titled, "Superalloys Market: Global Opportunity Analysis and Industry Forecast, 2014-2022," the global market was valued at $3,727 million in 2015, and is estimated to reach $7,150 million by 2022, growing at a CAGR of 9.5% from 2016 to 2022. In 2015, nickel-based segment held more than half share of the total market. Superalloys are the group of alloys, which