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A new Steel Store has been opened in Cleveland, Tenn., by voestalpine High Performance Metals Corp. The store specializes in providing tool steels for customers’ tool, die and mold-making needs.
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North Star BlueScope will increase hot-rolled coil production at its facility by 850,000 tons annually with an expansion at its facility in Delta, Ohio. The board of parent company, Australia’s BlueScope, approved the expansion in mid-August.
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A failure at the blast furnace water recirculation system at ArcelorMittal’s Burns Harbor facility in Indiana resulted in the release of wastewater containing elevated levels of ammonia and cyanide.
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The U.S. will impose an additional 10 percent tariff on approximately $300 billion of Chinese imports, though President Donald Trump pushed back the date some of the tariffs will go into effect to December.
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Steel shipments in July decreased for the ninth consecutive month in the U.S. and for the 12th consecutive month in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Aluminum shipments increased slightly in both the U.S. and Canada.
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A.M. Castle & Co., Oak Brook, Ill., reported net sales of $147.9 million in the second quarter, a 1.7 percent decline compared with the second quarter of 2018. The company reported a net loss of $8.3 million, largely flat with the second quarter last year.
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Braner/Loopco, Schiller Park, Ill., has installed a 72-inch by ¼-inch high-strength strip shape correcting slitting line at Steel Technologies’ coil processing center in Ghent, Ky.
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Russel Metals Inc. will acquire the outstanding shares of City Pipe & Supply Corp. City Pipe & Supply is a supplier of pipes, valves and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins, which represent approximately 60 percent of active rigs in the United States.
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Ryerson, Chicago, reported sales of $1.2 billion in the second quarter, an increase of 14 percent compared with the same quarter in 2018. The gains were driven by the third-quarter acquisition of Central Steel & Wire, as same-store sales were flat compared with second-quarter 2018.
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Russel Metals reported net revenues of $937 million in the second quarter, a decline of 4.2 percent compared with the same quarter in 2018. First-half revenues for the Canadian service center company were up 3.1 percent to $1.97 billion.
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