January 12, 2017 - The Metals Service Center Institute, Rolling Meadows, Ill., scholarship program again surpassed its previous record, providing educational assistance to over 351 member employees’ families in 2016. Over the past year, MSCI and its chapters awarded scholarships totaling $774,750. In 2015, MSCI awarded 342 scholarships with a value of $766,500.
January 12, 2017 - American Roller Company is pleased to announce the launch of a newly designed, mobile friendly, website at www.americanroller.com. The site improves ease of navigation and provides richer content on American Roller capabilities. Through our expanded products, services, and solution searches, we are sharing the many ways we help increase our customers’ productivity.
January 11, 2017 - This year, Metals & Services will celebrate 40 years in business, family owned and in their third generation. Metals & Services was founded in the Chicagoland suburb of Lombard, Illinois, in 1977 by Harvey J. Baessler.
January 10, 2017 - During a press briefing at the 2017 North American International Auto Show in Detroit today, the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute, presented the annual “Men and Women of Steel” awards to two distinguished honorees who are championing the use of advanced high-strength steel.
January 6, 2016 - Industrial Tube & Steel Corporation has kicked off operations at a 40,000-sq.-ft. metal servicing facility in Mt. Juliet, Tenn. The new location allows ITS to service businesses in Tennessee, Southern Kentucky and Northern Alabama.
January 4, 2016 - Epicor Software Corp. today announced that it has acquired privately-held docSTAR, an award-winning developer of document management software based in Schenectady, New York. The transaction closed on Jan. 3, financial terms were not disclosed.
December 28, 2016 - The charitable foundation will offer opportunities to the titanium industry to make tax free contributions in support of connecting youth interested in STEM related fields with the goal of becoming engaged in the titanium metal industry.
December 22, 2016 - Metals and Services Co. will have a new HK Laser & Systems PL3015 Fiber laser cutting table operational on January 15. The line will have the ability to laser cut up to 3/8 in. by 60 in. by 120 in. stainless and aluminum. This line will further strengthen the company’s ability to quickly service and provide custom stainless requirements.
December 21, 2016 - The Aluminum Association announced today the addition of a new member company – JW Aluminum. The company joins as a producer member – a firm that makes or fabricates aluminum products.
December 21, 2016 - Kyoei Steel America LLC, a Japanese holding company, has signed an agreement to purchase BD Vinton LLC, a subsidiary of Bayou Steel BD Holdings LLC, LaPlace, Louisiana.
December 21, 2016 - Southwire Co. LLC, Carrollton, Georgia, has acquired United Copper Industries of Denton, Texas. The acquisition expands Southwire’s manufacturing capabilities in the building wire products segment and widens its geographical footprint in key customer markets.
December 20, 2016 - Laureate Machine and Automation and Missouri University of Science and Technology celebrate the installation of their prizes, a WARDJet waterjet machine, won as part of the Build It! Challenge competition that took place during the IMTS 2016 trade show in Chicago, IL.
December 16, 2016 - Olympic Steel Inc. today announced Raymond Walker, President and Chief Operating Officer — Flat Rolled will retire in 2017, following 30 years of service with the Company.
December 16, 2016 - Steel Dynamics, Inc. today provided fourth quarter 2016 earnings guidance in the range of $0.36 to $0.40 per diluted share, which includes estimated charges of $16.5 million (before taxes), or approximately $0.04 per diluted share, related to the company's fourth quarter 2016 debt refinancing and repayment activities.
December 15, 2016 - Nucor Corp. announced today that it has agreed to acquire Republic Conduit, a leading manufacturer of steel electrical conduit in North America, from Luxembourg-based Tenaris S.A. for $335 million, or approximately 6x the average of its 2015 and projected 2016 EBITDA. Republic Conduit's annual shipment volume over this period averages approximately 146,000 tons.
December 15, 2016 - North Shore Steel, a steel service center located in Houston, Texas, is pleased to announce the acquisition of the equipment assets of Houston Blow Pipe, a 100+ year-old plate processing business also located in Houston, Texas.
December 15, 2016 - The parties expect the transaction to close on or by March 1, 2017. The agreement will be structured as an asset purchase and will exclude galvanized product and ornamental tubing products. The purchase price for the transaction, which excludes real estate and certain other assets, is expected to range between $15 and $16 million.
December 15, 2016 - The company will begin processing slabs on the currently idled hot strip mill at Granite City Works in Granite City, Ill., in mid-February 2017. U.S. Steel intends to source slabs from its own domestic facilities.
December 15, 2016 - Nucor expects fourth quarter results to be in the range of $0.30 to $0.35 per diluted share. This range is a decrease compared to the third quarter of 2016 consolidated net earnings of $0.84 per diluted share and a decrease compared to the fourth quarter of 2015 adjusted net earnings of $0.45 per diluted share.