Steel

Long Steel Market by Process, Product Type End-Use Industry, and Region - Global Forecast to 2025 - ResearchAndMarkets.com

Thursday, June 4, 2020 - 10:50am

Increasing construction and infrastructure activities, industrialization, and rising population levels are the major factors responsible for the growth of the long steel market.

Key Points: 
  • Increasing construction and infrastructure activities, industrialization, and rising population levels are the major factors responsible for the growth of the long steel market.
  • However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market.
  • Based on the process, the long steel market has been classified into basic oxygen furnace and electric arc furnace.
  • Based on product type, the long steel market has been classified into rebar, merchant bar, wire rod, rail, and others.

Fastenal Company to Present at William Blair Growth Stock Conference in Virtual Format

Wednesday, June 3, 2020 - 10:05pm

Fastenal Company (Nasdaq:FAST) announced it will participate in the William Blair 40th Annual Growth Stock Conference.

Key Points: 
  • Fastenal Company (Nasdaq:FAST) announced it will participate in the William Blair 40th Annual Growth Stock Conference.
  • This presentation will take place in a virtual video format on Wednesday, June 10, 2020 at 4:00 p.m. central time.
  • An online archive of the webcast will be available on our website on June 17, 2020, and will remain available until July 9, 2020.
  • We sell a broad offering of products spanning more than nine major product lines from fasteners and tools to safety and janitorial supplies.

COVID-19 Impact and Recovery Analysis- Global Foundry Equipment Market 2020-2024 | Increase in Production of Light Vehicles to Boost Growth | Technavio

Wednesday, June 3, 2020 - 10:00pm

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • View the full release here: https://www.businesswire.com/news/home/20200603005571/en/
    Technavio has announced its latest market research report titled Global Foundry Equipment Market 2020-2024 (Graphic: Business Wire)
    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
  • Market estimates include pre- and post-COVID-19 impact on the Foundry Equipment Market Download free sample report
    The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
  • The increase in the production of light vehicles has been instrumental in driving the growth of the market.

American Zinc Recycling Names William Breedlove Chief Commercial Officer

Wednesday, June 3, 2020 - 2:00pm

American Zinc Recycling LLC (AZR), the leading provider of environmental services to the U.S. steel industry, today announced the appointment of William Breedlove as Senior Vice President and Chief Commercial Officer, effective as of May 18, 2020.

Key Points: 
  • American Zinc Recycling LLC (AZR), the leading provider of environmental services to the U.S. steel industry, today announced the appointment of William Breedlove as Senior Vice President and Chief Commercial Officer, effective as of May 18, 2020.
  • Reporting to Wayne Isaacs, President and Chief Executive Officer, Breedlove will oversee all aspects of sales for American Zinc Recycling LLC and its subsidiaries.
  • Breedlove joins American Zinc Recycling after running his own metals and mining consulting firm, Breedlove Consulting Services LLC, for five years.
  • American Zinc Recycling LLC is the leading provider of environmental services to the U.S. steel industry.

Ampco-Pittsburgh Corporation Explores Potential Rights Offering

Tuesday, June 2, 2020 - 9:30pm

Ampco-Pittsburgh Corporation (NYSE: AP) (the Corporation) announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as of a future record date) of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock (Shares) and potentially other securities.

Key Points: 
  • Ampco-Pittsburgh Corporation (NYSE: AP) (the Corporation) announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as of a future record date) of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock (Shares) and potentially other securities.
  • "We are exploring a potential rights offering to raise additional capital to accelerate our restructuring efforts, improve overall liquidity, and reduce indebtedness.
  • The Corporation has engaged RHK Capital to gauge feedback and interest for the contemplated rights offering from institutional accredited investors and qualified institutional buyers.
  • The Corporation welcomes feedback from institutional accredited investors and qualified institutional buyers as it tests the waters on the contemplated rights offering.

Shareholding notification with reference to Transparency Law

Tuesday, June 2, 2020 - 5:19pm

Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries.

Key Points: 
  • Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries.
  • The business is organised in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.
  • Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value specialty products.
  • In 2019, Aperam had sales of EUR 4,240 million and steel shipments of 1.79 million tonnes with an average carbon footprint of 0.48 tons of CO2e [1] per ton of slabs, making it the world's lowest CO2 footprint stainless steel producer.

Flowserve to Present at Stifel 2020 Virtual Cross Sector Insight Conference

Tuesday, June 2, 2020 - 3:44pm

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Scott Rowe, president and chief executive officer, will participate in a virtual fireside chat during the Stifel 2020 Virtual Cross Sector Insight Conference on Monday, June 8 at 4:00 p.m. EDT.

Key Points: 
  • Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Scott Rowe, president and chief executive officer, will participate in a virtual fireside chat during the Stifel 2020 Virtual Cross Sector Insight Conference on Monday, June 8 at 4:00 p.m. EDT.
  • A webcast of Mr. Rowes discussion will be available for shareholders and other interested parties at www.flowserve.com under the Investor Relations section.
  • About Flowserve: Flowserve Corp. is one of the worlds leading providers of fluid motion and control products and services.
  • More information about Flowserve can be obtained by visiting the companys Web site at www.flowserve.com .

MiddleGround Capital Acquires Supra Alloys and EDGE International

Tuesday, June 2, 2020 - 2:00pm

MiddleGround Capital (MiddleGround), a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, announced today that it has completed the acquisition of Supra Alloys (Supra) and EDGE International (Edge) from Titan Metal Fabricators.

Key Points: 
  • MiddleGround Capital (MiddleGround), a private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, announced today that it has completed the acquisition of Supra Alloys (Supra) and EDGE International (Edge) from Titan Metal Fabricators.
  • Supra and Edge are value-added stocking distributors of metal bar, plate and sheet product.
  • The addition of Supra and Edge builds scale in medical and aerospace end markets and broadens our geographic reach, said Dan Stoettner, President of Banner Industries.
  • MiddleGround partner John Stewart said, We are excited to welcome the Supra and Edge teams to the MiddleGround family.

174 Power Global Announces Partnership with Gerdau for Development of Solar Facility in North Texas

Tuesday, June 2, 2020 - 1:30pm

174 Power Global is pleased to enter into this partnership with Gerdau, one of the worlds most environmentally responsible steel producers, as we continue to develop our solar generation footprint and behind-the-meter projects in Texas, said 174 Power Global President Henry Yun, PhD.

Key Points: 
  • 174 Power Global is pleased to enter into this partnership with Gerdau, one of the worlds most environmentally responsible steel producers, as we continue to develop our solar generation footprint and behind-the-meter projects in Texas, said 174 Power Global President Henry Yun, PhD.
  • Our new Gerdau Solar facility will provide environmental and economic benefits to Midlothian, and we are pleased to work alongside the 174 Power Global team.
  • Irvine, California-headquartered 174 Power Global is a leading solar energy company that is wholly owned by the Hanwha Group.
  • Since its formation in 2017, 174 Power Global has signed nearly two gigawatts (GW) of power purchase agreements has built an extensive project development pipeline.

Silgan Completes Acquisition of Albéa’s Global Dispensing Business, Further Strengthening Its Closures Franchise

Monday, June 1, 2020 - 9:15pm

This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies primarily in the beauty and personal care markets.

Key Points: 
  • This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies primarily in the beauty and personal care markets.
  • It operates a global network of 10 plants across North America, Europe, South America and Asia.
  • The purchase price for this acquisition was $900 million, subject to adjustments outlined in the purchase agreement for this acquisition.
  • The Company is also a leading worldwide supplier of metal and plastic closures and dispensing systems for food, beverage, health care, garden, home, personal care and beauty products.