Metal Industry News

Owen Industries, Inc., Carter Lake, Iowa, has acquired the assets of Omaha Steel in Wahoo, Neb. This acquisition provides OII an opportunity to acquire a newly built facility, considered one of the strongest and most capable steel foundries in the U.S.

Nucor Corporation reported record earnings of $2.13 billion in the third quarter, up from $1.51 billion in the prior quarter and $193.4 million in the third quarter of 2020. Net earnings through the third quarter totaled $4.58 billion, more than 13 times higher than the first three quarters of 2020.

Christine Benz has been named head of TruServices and Smart Services at TRUMPF Inc. The appointment took effect Oct. 1.

In-Place Machining Company has acquired OASIS Alignment Services, LLC as part of a long-term growth strategy to expand reach and service offerings to customers and prospects across the U.S. and Canada.

The merger of Canada’s Algoma Steel Inc. and acquisitions company Legato Merger Corp. has been completed. The deal has resulted in Algoma becoming a public company.

The Boy Scouts of America has postponed its annual Metals Industry Boy Scout Dinner in Chicago to May 19, 2022. The 50th annual dinner was originally scheduled for November 4 in Chicago. Brad Serlin, president of United Scrap Metal, Cicero, Ill., is to be chairman of the event.

Novelis Inc. will invest approximately $130 million to upgrade its operations in Oswego, N.Y. to meet growing customer demand for sustainable, aluminum flat-rolled products.

Tenaris has restarted its plant in Baytown, Texas. The move brings additional threading and heat treating capacity to its U.S. network, helping support increased company production.

Aaron Neefe has been promoted to laser and press brakes applications engineer at MC Machinery’s Southeast Technology Center in Concord, N.C.

Nucor Corp., Charlotte, N.C., has launched Econiq, a line of net-zero carbon steel products. By introducing Econiq, Nucor is providing confidence for steel consumers to know they are purchasing the lowest greenhouse gas emissions steel product available, the mimimill producer claims.