Press Releases
25 October 2023
Alloy Enterprises, the forward-thinking company that's redefining the metal fabrication industry for the next 100 years, announces the release of their aluminum cold plate component. Now in its third year growing the team and expanding their production fab facilities, the innovative tech startup is adding thermal management applications to the company's suite of solutions including cold plates. The innovative tech startup is adding thermal management applications to the comp
Read more...In conjunction with Nucor's third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 30, 2023, followed by a question-and-answer session. The event will be available on the internet on October 24, 2023, at 10:00 a.m. Eastern Time. What: Nucor's Third Quarter of 2
Read more...Lomiko Metals Inc., reflects on the news regarding China's announcements to limit and restrict graphite exports, both natural flake graphite and synthetic graphite. These restrictions are set to take effect starting December 1st, 2023. This announcement underlines the importance of developing Canadian graphite projects, including the next phase of studies at the La Loutre natural flake graphite project, to ensure a secure and responsibly sourced supply in North America. It is widely known
Read more...21 October 2023
Nucor Corporation announced today that it is exploring potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity of 650,000 tons, subject to approval by Nucor's Board of Directors. The new mill would produce a full range of rebar sizes and have spooling capabilities. This would be Nucor's fourth rebar micro mill, joining its existing micro mills in Missouri and Florida and the mill currently under construction in North Carolina. "W
Read more...20 October 2023
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $800 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer
Read more...20 October 2023
Sierra Metals Inc. reports third quarter 2023 production results from its Yauricocha polymetallic mine in Peru and the Bolivar copper mine in Mexico. The Company’s Q3 2023 results will be released on Monday, November 13, 2023 before the market open, with management hosting a conference call and webcast the same day at 11:00 AM EST. Click here to register. Ernesto Balarezo, CEO of Sierra Metals, commented, “During the quarter we continued to make tremendous stri
Read more...TimkenSteel Corp. a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2023 third-quarter financial results on Thursday, November 2, after the market closes on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, November 3, 2023, at 9:00 a.m. EDT. The live conference call will be broadcast at investors.timkensteel.com.
Read more...19 October 2023
Third Quarter 2023 Performance Highlights: Steel shipments of 3.1 million tons Net sales of $4.6 billion, operating income of $734 million, net income of $577 million, and adjusted EBITDA of $876 million Strong cash flow from operations of $1.1 billion and record liquidity of $3.7 billion Share repurchases of $331 million of the company's common stock, representing 1.8 percent of its outstanding shares Steel Dyn
Read more...18 October 2023
Steel Dynamics, Inc.today announced leadership promotions for Christopher Graham, Richard Poinsatte, Angela Reeve, Christopher Gionti, and Daniel Keown. "I am excited and pleased to recognize these five individuals for their outstanding leadership and positive impact within our company," said Mark D. Millett, Chairman and Chief Executive Officer. "Their passion and spirit of excellence reflect the foundational principles of Steel Dynamics. They embody our culture of s
Read more...18 October 2023
The Steel Tube Institute, an organization that brings together key producers in the steel industry to advance the use of steel tubing, today announces a revamped associate member program. Service or product vendors closely tied to the steel tubing industry but who are not producers of steel tubing can apply for an associate membership to participate and network with STI members. Associate members are also encouraged to offer educational opportunities for Steel Tube Institute members.
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