Press Releases
RUSAL, one of the world's largest aluminium producers, has issued 1,351,056 carbon units in Russia’s national carbon registry, marking the Company’s entry into the country’s voluntary carbon market, where RUSAL now accounts for more than 85% of the entire volume. The move also underscores RUSAL’s commitment to reducing its environmental footprint and the Company’s leadership in driving the sustainability agenda. The registered carbon units represent
Read more...Greenwave Technology Solutions, Inc. an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its downstream processing system generated record revenues in May 2024, driven by both increased volume and higher prices. According to a May 27, 2024 Credendo Research Report, Copper Sector: Record-Breaking Copper Prices Amid Speculations of Supply Shortages, demand for copper is being driven by a, "boom in investments in green technologies
Read more...United States Steel Corporation announced it has awarded 20 college scholarships to students across the country. All the recipients are children of U. S. Steel employees. The scholarships are funded by the United States Steel Foundation. “Our exceptional people have been and always will be the heart of U. S. Steel. By investing in our U. S. Steel families and the education of their children, we are not only honoring the hard work and dedication of our workforce but also foster
Read more...5 June 2024
JW Aluminum, a leading producer of high-quality flat-rolled aluminum products, today announced that it has achieved Aluminum Stewardship Initiative (ASI) Performance Standard Certification across its entire operations. The company's South Carolina and Arkansas plants are the first continuous cast rolling facilities in the U.S. to be certified to ASI's latest Version 3.0 standard. JW Aluminum serves the building products, HVAC, and transportation markets. ASI is a global, mul
Read more...Russel Metals Inc. announces that it has received a no-action letter from the Canadian Competition Bureau regarding our previously announced transaction with Samuel, Son & Co., Limited ("Samuel"), whereby we agreed to acquire seven service center locations from Samuel. Therefore, subject to completion of customary closing conditions, we expect to close the full transaction in the third quarter of 2024. John Reid, President and CEO of Russel Metals commented, "We a
Read more...Nucor Corporation announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of high-speed, high-performance commercial doors. The all-cash transaction is valued at $565 million, which represents approximately 12.5x Rytec's estimated 2024 EBITDA. With over 300 teammates operating out of two manufacturing facilities in Wisconsin, Rytec is widely considered to be the pre-eminent brand for high-performance commercial doors.
Read more...Olympic Steel Welcomes Anthony Roberts as General Manager for Chambersburg, Pennsylvania, Facilities
4 June 2024
Olympic Steel Inc. a leading national metals service center, today announced that Anthony Roberts has joined the Company as General Manager for its two facilities located in Chambersburg, Pennsylvania. Mr. Roberts joins Olympic Steel with more than three decades of experience in the manufacturing and assembly of components for aerospace, automotive, defense and industrial markets, including leadership roles with Mancor Industries MB Aerospace Howmet Aerospace (Birmingham
Read more...Tata Steel’s Noamundi Iron Mine located in Jharkhand is celebrating the beginning of its centenary year since the inception of mining operations at the site. To commemorate this milestone, a logo launch event was organised today at Noamundi. The Chief Guest for the event was D B Sundara Ramam, Vice President, Raw Material, Tata Steel. Other dignitaries present included Atul Kumar Bhatnagar, General Manager, Ores Mines and Quarries Division, and Sanjay Das, Secretary, Noamundi Mazd
Read more...AZZ Inc. the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced that David Nark, Senior Vice President, Marketing, Communications, and Investor Relations will participate in the Stifel Cross Sector Insight Conference and 14th Annual East Coast IDEAS Conference. The Stifel Cross Sector Insight Conference will be held on June 4-5, 2024, at The InterContinental Boston, in Boston, Massachusetts. AZZ will host one-on-one meeti
Read more...Generation Mining Limited is pleased to announce that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Company has filed the Prospectus in order to have greater financial flexibility going forward but has no immediate plans to issue any securities under it at this time, and may never proceed with any such issuance. Upon issuance of a receipt for the Pros
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