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Olympic Steel Posts Record Net Sales for Q2

Aug 11, 2014

Olympic Steel, Inc. announced Thursday that net sales for the second quarter of 2014 increased $55.2 million, or 16.7 percent, to $386.0 million. This represents the highest net sales recorded during any quarter in the company's history. ...

Tags: Metallurgy, Mineral, Energy, Steel

The $156 Million Final Judgment Against Nucor Corp

May 8, 2014

The $156 million final judgment against Nucor Corp. Reliance Steel & Aluminum Co., American Alloy Steel Inc. and JSW Steel (USA), for conspiring to drive competitor MM Steel LP out of business was delayed Monday by US District Judge Kenneth ...

Tags: Metallurgy, Mineral, Energy

Marubeni-Itochu Has Announced That It Has Entered Into an Agreement with Pakistan

Mar 12, 2014

Japanese steelmaker Marubeni-Itochu Steel Inc. has announced that it has entered into an agreement with Pakistan-based manufacturer of automotive parts and components Dawood Engineering (Pvt.) Ltd to jointly establish a new steel processing ...

Tags: Metallurgy, Mineral, Energy, Steel

Majestic Steel Completed The Acquisition of Flatrolled Steel Inc. of Houston, Texas

Dec 20, 2013

Cleveland, Ohio-based Majestic Steel USA announced Wednesday that it has completed the acquisition of Flatrolled Steel Inc. of Houston, Texas, which will run under the Majestic Steel Name. “We see this as an opportunity to expand ...

Tags: steel, metallurgy, acquisition

Olympic Steel Announced Third Quarter Net Sales & Net Income

Nov 4, 2013

Cleveland, Ohio-based Olympic Steel, Inc. announced third quarter net sales of $304.0 million, 11.3 percent lower than the $342.6 million reported in last year's comparable quarter. For the cumulative nine months, net sales were $972.9 ...

Tags: Steel, Metallurgy, Mineral, Energy

JFE Steel Finally Researched and Developed Pipes to Meet The High Requirement

Oct 24, 2013

Reportedly, Japanese steelmaker JFE Steel announced that it supplies 1,900 tons casing pipet to the US Freeport-McMoRan Oil & Gas with Japan Marubeni-Itochu steel inc. The project needs high anticorrosive seamless pipe with max thickness of ...

Tags: steel, Natural Gas, Casing Tube, Construction

JFE Steel Announced That It Supplies Oil & Gas LLC with 1,900 Mt of Heavy-Walled Casing

Oct 21, 2013

Japan-based steelmaker JFE Steel has announced that, together with Japan's Marubeni-Itochu Steel Inc., it has supplied the US-based natural resource developer Freeport-McMoRan Oil & Gas LLC with 1,900 mt of heavy-walled casing produced at ...

Tags: steel, Metallurgy, Mineral, Energy, casing pipe

The Share of Italian Auto Parts Manufacturer Is Purchased by MISI

Aug 6, 2013

Italy-based auto parts manufacturer C.L.N. Coils Lamiere Nastri S.p.A. (CLN) has announced that it has closed its equity investment agreement with Japanese steelmaker Marubeni-Itochu Steel Inc. (MISI) according to which MISI now owns a ...

Tags: Auto Parts, Mineral

KES Plans to Receive $6 Million in Capital for Upgrade

May 28, 2013

Ashland, Kentucky-based KES Acquisition Company d/b/a Kentucky Electric Steel (KES), a value-added manufacturer of Special Bar Quality (SBQ) and Merchant Bar Quality (MBQ) steel bar products and wholly-owned subsidiary of Optima Specialty ...

Tags: merchant bar, longs, USA, North America, investments, steelmaking, San Diego

Las Vegas Is Constructing an Approximately 100,000-Square-Foot Rail Distribution Warehouse

May 23, 2013

Las Vegas, Nevada-based Roadrunner Steel, Inc., a sister company of Performance Steel, Inc. announced Wednesday that it is constructing an approximately 100,000-square-foot rail served, slitting, leveling, and distribution warehouse on over ...

Tags: Roadrunner Steel, Distribution Center

JFE Signed an Agreement with Kawasaki Kokan Co., Ltd.

May 17, 2013

Japan-based JFE Steel Corporation (JFE) has announced that it has signed an agreement with Kawasaki Kokan Co., Ltd. (Kawasaki Kokan), Marubeni-Itochu Steel Inc. (MISI) and Taiwan's largest cold drawn pipe manufacturer Shuan Hwa Industrial ...

Tags: JFE Steel, Steel

Cleveland Announced Friday Financial Results for The Q1 Ended March 31, 2013

May 6, 2013

Cleveland, Ohio-based Olympic Steel, Inc., a national metals service center, announced Friday financial results for the Q1 ended March 31, 2013. Q1 net sales of $338.1 million were down 11.5 percent versus the record $382.1 million ...

Tags: Earnings Slip, Olympic Steel

Insteel Wire Products Purchased All The Certain Related Assets of Tatano Wire and Steel

May 1, 2013

Insteel Wire Products Company, a subsidiary of Mount Airy, North Carolina-based Insteel Industries, Inc., has purchased all of the concrete pipe and box culvert reinforcement production equipment and certain related assets of Tatano Wire ...

Tags: Insteel Wire, Metallurgy, Mineral, Energy

MST Planned to Invest Approximately US$25 Million at Michigan Facility

Apr 25, 2013

It is reported that Michigan Seamless Tube (MST), a leading North American steel pipe produce planned to invest approximately US$25 million in order to upgrade its South Lyon, Michigan facility. Meanwhile, Optima Specialty Steel Inc. will ...

Tags: Metallurgy, Mineral, Energy

Optima Specialty Steel Committed $25 Million in Capital to Expand Mst's Operation

Apr 24, 2013

MST - Seamless Tube & Pipe, leading manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, announced Monday that its parent company Optima Specialty Steel, Inc. (OSS) has committed $25 million in capital to expand ...

Tags: Optima Specialty Steel, Mineral

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