Current News

Steel and aluminum shipments in March increased by double digits in both the U.S. and Canada, according to the monthly report from the Metals Service Center Institute, Rolling Meadows, Ill.

Ideal Roofing Company Limited, a metal building and roofing supplier in Ottawa, Ontario, Canada, recently installed a Red Bud Industries light gauge slitting line. The new line is equipped with Red Bud’s CNC Semi-Automatic Slitting Head, which significantly reduces set up time compared to a traditional Packed Arbor Slitting Head.

Raymond S. Napolitan Jr. will retire on June 5 after 25 years with Nucor. He has been serving as executive vice president of engineered bar products and digital for the Charlotte, N.C.-based minimill producer.

Steel Dynamics will construct two new coating lines in the Southern United States in conjunction with its new flat-rolled mill in Sinton, Texas. The lines had been planned by SDI, but the company is moving up the timetable on their construction.

Russel Metals Inc. and Marubeni-Itochu Tubulars America Inc. will combine their respective Canadian OCTG/line pipe businesses. In conjunction with the combination, Russel Metals will receive a substantial portion of its contributed net asset value in cash proceeds, in addition to retaining a 50 percent equity interest in the combined venture.

Leeco Steel has appointed Jill Laumann to safety manager, effective April 5, 2021, as part of the company’s effort to revitalize its safety program.

U.S. steel mills shipped 6.7 million tons of steel in February, a 9.2 percent decrease from January, the American Iron and Steel Institute reported. Shipments were down 13.3 percent decrease compared with the same month in 2020.

Momentum Manufacturing Group, one of the 10 largest specialty metal manufacturers in North America, have acquired H&M Metals in Amherst, N.H. The move adds 100,000 square feet of manufacturing capacity and nearly 100 skilled team members to support Momentum's continued growth.

Cleveland-Cliffs Inc. has reached a tentative agreement with the United Steelworkers for a new 53-month labor contract at Mansfield Works, effective as of April 1, 2021. The new contract will cover approximately 300 USW-represented workers.

Economic activity in the manufacturing sector expanded in March, representing the 10th straight month of growth, according to the latest Report on Business from the Institute for Supply Management. The PMI in March was at 64.7 percent, an increase of 3.9 percentage points from February.