Olympic Steel Inc, a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030. The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million. After giving effect to

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa

ABB has won an order to supply its Flow Control Mold (FC Mold G3) electromagnetic stirrer technology for a new thick slab caster at ArcelorMittal Nippon Steel India’s (AM/NS India) flagship steel plant in Hazira, located on the west coast of India in Gujarat state. AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers is expanding steel capacity at the plant from the current 9 million tons per annum (MTPA) to 15 MTPA.

Novelis, a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, announced the opening of the Ulsan Aluminum Recycling Center.  Novelis has invested $65 million in Ulsan Aluminum, a joint venture between Novelis and Kobe Steel to build the new recycling center with an annual production capacity of 100,000 tons of low-carbon aluminum sheet ingot. Novelis currently operates Asia’s largest aluminum beverage can recyclin

Impossible Metals, a pioneering US-based deep-sea mining company, has submitted a request to commence a leasing process for exploration and potential mining of critical minerals in the deep sea off the coast of American Samoa. Impossible Metals is the first company to request a lease of critical minerals under the Outer Continental Shelf Lands Act of 1953, which is regulated by the U.S. Bureau of Ocean Energy Management (BOEM), part of the U.S. Department of the Interior. Impossible

Metso has officially opened its cutting-edge Dewatering Development Hub in Irapuato, strategically located in the central region of Mexico. The new facility represents a significant enhancement to Metso's competitive positioning and customer service capabilities. It is designed to meet customers’ diverse dewatering solution needs, offering reduced response times, environmental advantages and ensuring delivery reliability. The inauguration was celebrated with customers, stakeholders

Hydro is presenting the “R100 Project” at Milan Design Week 2025. The project brings five groundbreaking designs to life from locally sourced, post-consumer scrap to finished design objects all within a self-imposed limit of a 100 kilometers radius. Following the launch of the world’s first 100 percent post-consumer aluminium, Hydro CIRCAL 100R in 2024, Hydro is shifting its attention to transportation. By working within very small manufacturing clusters in the Netherlands a

Greenland Resources Inc. is pleased to announce the Company has signed an off-take agreement with Finnish Outokumpu, the largest producer of stainless steel in Europe and the second largest producer in the Americas, for the long-term supply of molybdenum oxide. A stock exchange release from Outokumpu can be found on their website at www.outokumpu.com. The agreement provides an established price floor and cap and covers approximately eight million pounds of molybdenum per year for a

Rio Tinto’s first locally made iron ore rail car has been built in Western Australia, as it steps up its use of domestic manufacturing across its world class iron ore business.The company is investing about A$150 million to purchase 100 locally built rail cars, as well as continued investment in bearing refurbishment for its Pilbara operations. Its partnership with Gemco Rail and CRRC Qiqihar Rolling Stock Co. Ltd is also supported by the Western Australian government and establishes a

Nippon Steel Corporation (Nippon Steel), Japan's largest steelmaker and one of the world's leading steel manufacturers, and TIER IV, Inc. (TIER IV), the pioneering force behind the world's first open-source software for autonomous driving, are working together to automate steel transportation with heavy-duty autonomous vehicles, aiming to deploy the technology at the steelmaker's Nagoya plant in fiscal 2025. The companies have been collaborating to tackle challenges