Insteel Industries Inc. announced today that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company’s remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel’s recent purchase of Engineered Wire Products, Inc. The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 35 positions at the Warren facility. It is a

Cyient, a global Intelligent Engineering services company, today announced the expansion of its partnership with Allegro MicroSystems, Inc. a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India. The CoE, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry. The state-of

Greensteel Australia partners with Danieli to launch world first 100% hydrogen-powered rolling mill. The first-of-its-kind green steel facility is to be located in New South Wales, Australia. Greensteel Australia has awarded a contract to Danieli to build a 600,000-tonne-per-year rolling mill that will be powered entirely by green hydrogen. The green steel facility is to be located in New South Wales, Australia, and will create a global benchmark for zero-emissions steel p

Tata Steel Netherlands and ECOLOG, along with various other partners, aim to import hydrogen and export CO2 from Amsterdam. They have announced the a study into the economic viability of what is known as a "trade corridor." The companies made this announcement in Norway during the working visit of His Majesty the King and Minister Hermans of Climate and Green Growth. Hydrogen is crucial for Tata Steel's Green Steel plan. Tata Steel Netherlands and Ecolog are exploring

Rio Tinto has entered into definitive agreements with GravitHy, an early-stage industrial company, to help accelerate GravitHy’s steel decarbonisation project in France. As part of this collaboration, Rio Tinto will supply high-grade direct reduction iron ore pellets from its Iron Ore Company of Canada (IOC) operations to GravitHy’s planned operation, as well as manage the sales and marketing of ultra-low carbon Hot Briquetted Iron (HBI) GravitHy produces. GravitHy's

The Sandur Manganese & Iron Ores Limited, one of the leading private sector mining players, has successfully completed the strategic business acquisition of Arjas Steel Private Limited ('Arjas'), a leading speciality steel company focused on high quality auto grade Special Bar Quality (SBQ) steel. This landmark transaction, originally announced in April 2024, marks a significant step in SMIORE's evolution from a mining company to an integrated metals and mining powerhouse.

Kulicke and Soffa Industries, Inc. in collaboration with ROHM Co., Ltd (TYO: 6963) ("ROHM"), a producer of a wide-range of semiconductor devices, announces a new path to hybrid bonding leveraging Kulicke & Soffa's leading Fluxless Thermo-Compression (FTC) process. Kulicke & Soffa's recently released APTURA™ FTC system, combined with technology innovations from ROHM, have successfully enhanced chip-to-wafer hybrid bonding with the innovative copper-fir

Rio Tinto has approved construction of a new 25-megawatt solar plant at its Kennecott copper operation in Utah, bringing the mine’s total solar capacity to 30MW. The new solar plant will be located next to Kennecott’s existing 5MW solar plant, which was completed in 2023. Together, the two solar plants will reduce Kennecott’s Scope 2 emissions by approximately 6%, or 21,000 tons of carbon dioxide equivalent per year. This is equivalent to removing around 5,000 gas-

Olympic Steel, Inc. a leading national metals service center, today announced the acquisition of Metal Works. The all-cash purchase is expected to be immediately accretive. Metal Works is a leading manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components – all made primarily from coated carbon steel and aluminum. The business, which includes roll forming and folding machines a

Today, Valens Semiconductor, a leader in high-performance connectivity, announced that it will unveil a series of innovative solutions, including a chip that will enable some of the industry's most advanced endoscopes, at Medica 2024. Based on the VA7000 chipset, the endoscopes offer a series of key benefits, including exceptional EMC reliability during electrosurgery, as well as high-resolution and wide field-of-view video, which will enhance the capabilities of medical profess