Metal Industry News

Nucor Corp., Charlotte, N.C., will acquire Hannibal Industries for $370 million. Hannibal is a provider of racking solutions to warehouses, serving the e-commerce, industrial, food storage and retail segments. Pending approvals, Nucor will purchase 100 percent of Hannibal Industries' outstanding shares from its Employee Stock Ownership Plan.

In-Place Machining Company LLC, a globally recognized high acuity field machining company focused on providing highly technical, precision on-site machining, diamond wire cutting and measurement services to customers, acquired Exact Metrology. As part of the company’s long term growth strategy, this acquisition will expand service offerings to include 3D scanning, Industrial CT scanning, metrology equipment sales, and software solutions.

U.S. Congressman Trey Hollingworth (R-Ind.) recently toured the ongoing expansion of IBC Advanced Alloys copper plant in Franklin, Ind.

Charlotte, N.C.-based Nucor Corp., has announced a comprehensive greenhouse gas emissions reduction strategy that will lower its GHG emissions intensity of steel mills to 77 percent less than today's global average. The commitment will be measured against a 2015 baseline, the year the Paris Climate Agreement was adopted.

Hummock Industries, Reading, Pa., has acquired Roseville, Mich.-based National Bronze Manufacturing. National Bronze has expertise in precision machined bronze bearings, bushings and wear plates, as well as copper alloy bar and tube distribution.

Members of the United Steelworkers ratified a new four-year contract with specialty steel maker Allegheny Technologies Inc. The new deal raises wages, provides lump-sum payments and protects affordable, high-quality health care for current and future workers, the USW claims.

Algoma Steel Inc. will transition to electric arc furnace steelmaking as part of its commitment to becoming Canada’s “greenest” flat-rolled steel producer. The company has received a commitment of up to $420 million from the Canadian federal government to support the shift.

On the path to carbon neutrality, Steel Dynamics is targeting a 20 percent Scope 1 and Scope 2 combined greenhouse gas emissions intensity reduction across its EAF steel mills by 2025 and a 50 percent reduction by 2030, compared to a 2018 baseline. Additionally, the company plans to increase the use of renewable electrical energy for its EAF steel mills to 10 percent by 2025 and 30 percent by 2030.

Shawinigan Aluminum Inc. has inaugurated its new aluminum recycling center in Quebec. SAI is investing $10 million to build a new aluminum recycling center, which will recycle 30,000 metric tons of aluminum per year.

Optimus Steel LLC will construct a new rebar line and coil handling facility at its Orange, County, Texas operation. The $40 million investment was announced by Texas Governor Greg Abbott.