Press Releases
21 December 2023
The board of directors of Worthington Steel, Inc. has declared a quarterly dividend of $0.16 per common share. The dividend is payable on March 28, 2024, to shareholders of record March 14, 2024. This marks the first dividend paid by Worthington Steel since the business separated from the former Worthington Industries, now Worthington Enterprises (NYSE: WOR), on December 1, 2023. About Worthington Steel Worthington Steel (NYSE:WS) is a metals processor tha
Read more...21 December 2023
The Hollow Structural Sections Committee for Steel Tube Institute an organization that brings together key producers in the steel industry to advance the use of steel tubing announced it is expanding its 2024 priorities to include solar structures. Solar fields, ground-mounted solar structures and other solar applications are increasing in popularity and often use HSS to support the solar arrays, according to the committee. Following the uptick in demand for steel in the solar const
Read more...20 December 2023
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of United States Steel Corporation to Nippon Steel Corporation for $55.00 per share is fair to U. S. Steel shareholders. Halper Sadeh encourages U. S. Steel shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether U. S. Steel a
Read more...19 December 2023
Insteel Industries Inc., announced that its first quarter 2024 earnings conference call will be webcast live over the internet on Thursday, January 18, 2024, at 10:00 a.m. ET following the release of the Company’s first quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company’s website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation’
Read more...19 December 2023
Canada Nickel Company Inc., announced that it has extended the repayment date of the US$12 million loan facility announced September 18, 2023 with Auramet International, Inc. ("Auramet") to January 18, 2024 by agreeing to issue 350,000 one year common share purchase warrants with a strike price of $1.19 per share and pay an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25% per month for the extension period. The warrants
Read more...15 December 2023
Steel Partners Holdings L.P. a Delaware limited partnership announced today that it will effect a 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse Unit Split is expected to bec
Read more...United States Steel Corporation today provided fourth quarter 2023 adjusted net earnings per diluted share guidance of $0.20 to $0.25. Fourth quarter 2023 adjusted EBITDA is expected to be approximately $250 million. Commenting on fourth quarter guidance, President and Chief Executive Officer David B. Burritt said, “Our expected fourth quarter performance is in-line with commentary provided on our October earnings call. We successfully navigated the impact of the autoworkers&r
Read more...13 December 2023
Flexsteel Industries, Inc. announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable January 8, 2024, to shareholders of record as of December 28, 2023. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 328th consecutive quarterly cash dividend. About Flexsteel Flexsteel Industries, Inc., and Subsidiaries (the “Company”) is one of the largest manufacturers, importe
Read more...12 December 2023
The Institute for Advanced Composites Manufacturing Innovation® (IACMI), in partnership with the Department of Defense's (DoD) Industrial Base Analysis and Sustainment (IBAS) Program, announced today a national workforce initiative to help meet essential U.S defense needs in the casting and forging industry. The multi-year agreement between DoD and IACMI is already underway to develop curriculum for a series of stackable training opportunities in the metals industry that focus on the
Read more...International Battery Metals Ltd. is pleased to announce that it has closed its previously announced private placement of units. Pursuant to the Private Placement, the Company issued 1,629,838 units (each a "Unit") at a price of CAD$0.70 per Unit, for aggregate gross proceeds of CAD$1,140,886. Each Unit consists of one common share in the capital of the Company (each, a "Common Share"), and one common share purchase warrant (each a "Warrant"
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