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.
December 15, 2016 - General Motors Co. announced investments of $552 million for U.S. manufacturing facilities: Tonawanda, Lockport and Rochester, New York and Parma, Ohio.
December 14, 2016 - CCS is a fabricator of post-tensioning cable and related products for commercial and public construction projects with a facility in Alpharetta, Georgia. In addition, CCS provides professional design and value engineering services to the construction industry throughout North America.
December 14, 2016 - Nippon Steel & Sumitomo Metal Corporation announces that it has entered into an agreement with Wheatland Tube to sell the shares of Western Tube & Conduit Corporation, a subsidiary of NSSMC in the United States.
December 13, 2016 - AISI encourages proposals from industry, universities, government and private laboratories located in North America. The solicitation is based on the technological needs of the industry that have been identified by the AISI Committee on Manufacturing Technology.
December 13, 2016 - Aluminum extruder Gateway Extrusions continues its multi-phase expansion program with the acquisition of a new 9-inch aluminum extrusion press manufactured by Mei Ruey Industrial. Purchased this summer and installed this fall, the equipment is in final stages of testing and calibration before being brought into full operation.
December 12, 2016 - New technology and laser center in Santa Clara – focus on coating technology and laser processing – close proximity to key customers and partners in consumer electronics and e-mobility sectors.
December 6, 2016 - The catalog showcases a new approach to product presentation with separate sections for insulated metal panels (IMPs) and rainscreen systems, encompassing single-skin metal and backup panels.
December 6, 2016 - Nucor Corp. announced today that it has agreed to acquire Southland Tube, an independent manufacturer of hollow structural section (HSS) steel tubing, for $130 million, or approximately 8x average EBITDA over the 2011-2016 period.
December 1, 2016 - The Aluminum Association announced today the addition of three new member companies – Cerro Wire LLC, Granges Americas Inc. and Reynolds Consumer Products. The companies join the Association as producer members – firms that make or fabricate aluminum products.
December 1, 2016 - Zekelman Industries announced today the formation of Z Modular, a new modular construction business unit. Z Modular consists of VectorBloc Corp., Z Modular Fabrication and Connexio Building Systems Inc. (Connexio). These entities will design, build and install modular construction solutions.