Chinese steel market sentiment slumped in January ahead of the Lunar New Year holiday period at the end of the month, with expectations for long and flat steel product prices falling markedly, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI), which showed a headline reading of 34.13 out of a possible 100 points. The January 2017 December CSSI dropped by 18.48 points from December's 52.62 on lower

Commercial Metals Company (NYSE: CMC), announced that its wholly owned subsidiary, Owen Steel Company of South Carolina, has signed a definitive asset purchase agreement to acquire certain assets from OmniSource Corporation, a wholly owned subsidiary of Steel Dynamics, Inc., consisting of seven recycling facilities located in the southeast United States which are in close proximity to CMC's minimill in Cayce, South Carolina.

Air Liquide (Paris:AI) and ArcelorMittal, the world's largest steel producer, have recently signed two long-term renewal contracts for the supply of oxygen, nitrogen and argon to ArcelorMittal’s production sites in the industrial port areas of Fos-sur-Mer and Dunkirk in France. Air Liquide also strengthens its position in Belgium in Ghent, by signing a new long-term supply contract with ArcelorMittal in order to support the growth of its industrial gas n

GameChange Solar announced that it has signed a strategic supply agreement with one of the largest steel producers in the United States. This long term agreement for high grade galvanized steel provides GameChange Solar with a steady supply of domestically produced steel from one of the largest steel producers in the United States, helping GameChange to meet its growing need for material to service its customers in the rapidly expanding solar industry.

Industrial Tube & Steel Corporation (ITS), a leader in the metalworking industry, has kicked off operations at a 40,000-sq.-ft. metal servicing facility in Mt. Juliet, Tenn. The new location allows ITS to service businesses in Tennessee, Southern Kentucky and Northern Alabama.  ITS specializes in supplying custom-cut metals, structural and mechanical tubing and continuous cast iron bar, plate, and tube to machine shops

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract to supply and install a replacement boiler for ArcelorMittal Dofasco’s Hamilton, Ontario, steel manufacturing plant.  B&W will supply a TSSG® boiler capable of providing 450,000 pounds-per-hour of steam for generating 20 megawatts of electricity. The eff

This morning, Stock-Callers.com navigates the Steel and Iron industry to see how some equities have fared over the previous trading sessions. Under evaluation today are: United States Steel Corp. (NYSE: X), AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), and Gerdau S.A. (NYSE: GGB). According to a recent report by BMI Research, China will produce 825 million metric tons of crude steel in 2017, a 0.5 percentage point increase from 2016. However, the c

Pragun Jindal Khaitan, MD of Jindal Aluminium Ltd (JAL), the largest aluminium extruder in India, has recently announced his plan to invest in AI focused start-ups. JAL has always been at the cutting edge of technology since its inception in the year 1968. Over the past two years, the positive upsurge in start-ups focussed on AI based technology has encouraged JAL to fund start-ups focussed on developing technologies that automate and improve the efficiency of man

Research and Markets has announced the addition of the "China Metals and Minerals Directory 2017" directory to their offering. The pace of change in the Chinese metals, steel and minerals industry is far greater than the global industry average. As the world's biggest consumer and producer of many metals, the Chinese market is more important than ever to the global industry. Th

Today, January 4, 2017, the board of directors of Commercial Metals Company (NYSE:   CMC) ("CMC") 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 January 17, 2017. The dividend will be paid on February 1, 2017. This cash dividend reflects CMC's 209th consecutive quarterly dividend.