Steel

GrafTech to Exhibit at the AISTech 2023 Conference and Exposition

Retrieved on: 
Monday, May 1, 2023
Natural Resources, Alternative Energy, Energy, Steel, Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Mining, Minerals, Manufacturing, EAF, GrafTech, International, Exposition, Conference, NYSE, Iron, Aluminium, Ironworks

GrafTech International Ltd. (NYSE:EAF) (the “Company” or “GrafTech”) today announced its participation in the AISTech 2023 Iron and Steel Technology Conference and Exposition, taking place May 8 – 11, 2023 in Detroit, Michigan.

Key Points: 
  • GrafTech International Ltd. (NYSE:EAF) (the “Company” or “GrafTech”) today announced its participation in the AISTech 2023 Iron and Steel Technology Conference and Exposition, taking place May 8 – 11, 2023 in Detroit, Michigan.
  • GrafTech will showcase its highly engineered graphite electrode products, services and solutions in booth 2043.

S&P Global Mobility Special Report Fuel for Thought: As the industry goes electric, expect a shakeout among internal-combustion suppliers

Retrieved on: 
Monday, May 1, 2023
S&P Global, Bev, Failure, Atmosphere, ICE, Original equipment manufacturer, Calendar, Survival, UAW, Hope, Wall Street, COVID, Steel, History, Cell, IRA, COVID-19 pandemic in mainland China, BEV, Organization, Public expenditure, Inflation, Risk, European, ESG, Inflation Reduction Act of 2022, Ecosystem, Environment, General Motors, S&P Global Ratings, Electric motor, Rail transport, Transport, Dairy, Retail, Natural gas, Rare-earth element, Fine chemical, Renewable energy, Electric battery

SOUTHFIELD, Mich., May 1, 2023 /PRNewswire/ -- The time for denial is over. There are still suppliers of parts related to internal-combustion engines that are steadfast in their belief that the looming (and eventual) shift away from ICE toward any number of battery-electric propulsion formats is just a passing fad.

Key Points: 
  • After all, there are 1.3 billion internal combustion cars on the world's roads today, according to S&P Global Mobility estimates, and they aren't going to just vanish.
  • As a result, there will be a brutal shakeout and consolidation among engine, transmission, and driveline suppliers in addition to those in the fuel and exhaust systems sectors.
  • It's a harsh assessment, but given the time-factors involved, a supplier's strategic perspective needed to be in play years ago.
  • Editor's Note: This report is from S&P Global Mobility, and not S&P Global Ratings, which is a separately managed division of S&P Global.

Uniformity Labs Adds to its Material Portfolio with the Launch of UniFuse™ IN625 Nickel Alloy for Laser Powder Bed Fusion (L-PBF) Delivering Higher Throughput and Superior Mechanical Properties than Competitor Powders

Retrieved on: 
Monday, May 1, 2023
Printing, AM, Uniformity, Particle size, Laser, Powder, Porosity, Steel, Aluminium, Printed circuit board, 3D printing, Powder metallurgy

Uniformity Labs has now designed High-Performance Scanning parameters for printing UniFuse™ IN625 60um layer thickness with lasers power at 400W.

Key Points: 
  • Uniformity Labs has now designed High-Performance Scanning parameters for printing UniFuse™ IN625 60um layer thickness with lasers power at 400W.
  • This achieved a 2.1X faster exposure time and comparable or superior mechanical properties compared to competitors’ lower layer thickness scan strategies targeting best-in-class mechanical properties.
  • The higher tap density and optimized particle size distribution create a highly uniform, denser powder bed, yielding repeatable part builds at the highest throughput.
  • At a glance, mechanical and density properties are listed below:
    99.98% density, 2.1 times the throughput with comparable properties compared to competitor 40um layer thickness printing.

United Kingdom Construction Equipment Rental Market Report 2023: A $5.57 Billion Market by 2029 Featuring Key Renters - Ashtead, Loxam, Boels, GAP Hire, Flannery, Ainscough, & Stevens Equipment - ResearchAndMarkets.com

Retrieved on: 
Monday, May 1, 2023
Construction & Property, Other Construction & Property, Liebherr, Housing, Volvo Construction Equipment, Health, Farmer Review of the UK Construction Labour Model, Organization, COVID-19, Hitachi Construction Machinery, Organization of Arab Petroleum Exporting Countries, Ageing, JCB, Komatsu, Steel, Carbon, USD, Government, Manitou, National Railway, HIP, Opinion polling on the United Kingdom rejoining the European Union (2020–present), Regeneration, Hospital, Government of the United Kingdom, OPEC, Iron, Growth, Brexit, Glass, CO2, London Councils, Warehouse, Construction, Pharmaceutical industry, Renewable energy, Heavy equipment, Savills, Caterpillar, Kubota

There is a rise in investment in roadways, and railway infrastructure under the National Road Construction and National Railway's programs, respectively.

Key Points: 
  • There is a rise in investment in roadways, and railway infrastructure under the National Road Construction and National Railway's programs, respectively.
  • Warehouse expansion projects and growth in the logistics market due to consumer focus on online shopping post-pandemic are expected to drive demand for forklifts & telehandlers in the UK construction equipment rental market.
  • Such factors are anticipated to hamper the growth of the UK construction equipment rental market during the forecast period.
  • JCB, Caterpillar, Volvo Construction Equipment, Komatsu, Manitou, Hitachi Construction Machinery, Kubota, & Kobelco are prominent UK construction equipment rental market vendors.

Manitex International Announces First Quarter 2023 Results Conference Call and Webcast Date

Retrieved on: 
Monday, May 1, 2023
Architecture, Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Steel, Packaging, Engineering, Building Systems, Automotive Manufacturing, Manufacturing, International, MNTX

Manitex International, Inc. (Nasdaq: MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced that it will release first quarter 2023 results before the market opens on Thursday, May 4, 2023.

Key Points: 
  • Manitex International, Inc. (Nasdaq: MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced that it will release first quarter 2023 results before the market opens on Thursday, May 4, 2023.
  • A conference call will be held that same day at 9:00 a.m.
  • A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company’s website at www.manitexinternational.com .
  • To participate in the live teleconference:
    To listen to a replay of the teleconference, which subsequently will be available through May 18, 2023:

Steel Partners and Steel Connect Close Exchange Transaction

Retrieved on: 
Monday, May 1, 2023
Supply Chain Management, Retail, Other Energy, Manufacturing, Energy, Other Manufacturing, LLP, Steel Connect, SPLP, Imperial Capital, Strategic planning, Partner, White & Case, Preferred stock, Sale, Transaction, STCN, Steel, White, NYSE, Security (finance)

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).
  • Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Steel Connect common stock, and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis.
  • Upon conversion of the Preferred Stock, the Steel Partners Group would hold approximately 85.12% of the outstanding equity interests of Steel Connect.
  • Steel Connect and Steel Partners also entered into a Stockholders’ Agreement on April 30, 2023 that includes, among other things, provisions relating to certain governance and voting matters following the closing of the Transaction.

Steel Partners and Steel Connect Close Exchange Transaction

Retrieved on: 
Monday, May 1, 2023
Other Manufacturing, Steel, Finance, Other Energy, Transport, Professional Services, Manufacturing, Energy, Logistics, Supply Chain Management, LLP, Steel Connect, SPLP, Imperial Capital, Strategic planning, Partner, White & Case, Preferred stock, Sale, Transaction, STCN, White, NYSE, Security (finance)

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).
  • Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Steel Connect common stock, and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis.
  • Upon conversion of the Preferred Stock, the Steel Partners Group would hold approximately 85.12% of the outstanding equity interests of Steel Connect.
  • Steel Connect and Steel Partners also entered into a Stockholders’ Agreement on April 30, 2023 that includes, among other things, provisions relating to certain governance and voting matters following the closing of the Transaction.

Gorman-Rupp Announces Charmaine R. Riggins Elected as New Director

Retrieved on: 
Friday, April 28, 2023
Engineering, Chemicals, Plastics, Other Energy, Manufacturing, Oil, Gas, Other Construction & Property, Energy, Construction & Property, Building Systems, Mining, Minerals, Agriculture, Natural Resources, Other Manufacturing, Steel, Petroleum, Gorman-Rupp Company, GRC, Marketing, Lord Corporation, HVAC, Annual general meeting, Air conditioning, Heat, Professional Football Compensation Committee, NYSE, Compensated emancipation, Management, Shareholder

Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.

Key Points: 
  • Charmaine R. Riggins, age 50, is the Chief Executive Officer of Loparex, LLC Company, a global company that designs, manufactures and sells release film liners.
  • Ms. Riggins joined Loparex in April 2021 as Chief Talent and Culture Officer and was named CEO in January 2022.
  • Ms. Harlan, Lead Independent Director of the Gorman-Rupp Board commented, “We are delighted that Charmaine is joining our Board of Directors.
  • “In addition to welcoming Charmaine, we also want to thank Rick for his 20 years of service as a Director on our Board.

Gorman-Rupp Company Declares Cash Dividend

Retrieved on: 
Friday, April 28, 2023
Oil, Gas, Building Systems, Chemicals, Plastics, Construction & Property, Energy, Manufacturing, Other Natural Resources, Agriculture, Natural Resources, Other Manufacturing, Steel, Other Energy, Utilities, Other Construction & Property, Engineering, Petroleum, Gorman-Rupp Company, 293rd Rifle Division (Soviet Union), Risk, HVAC, Acquisition, Air conditioning, Heat, Security (finance), News, NYSE, Bank

The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share on the common stock of the Company, payable June 9, 2023, to shareholders of record May 15, 2023.

Key Points: 
  • The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.175 per share on the common stock of the Company, payable June 9, 2023, to shareholders of record May 15, 2023.
  • This will mark the 293rd consecutive quarterly dividend paid by The Gorman-Rupp Company.
  • Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
  • In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects.

GrafTech Reports First Quarter 2023 Results

Retrieved on: 
Friday, April 28, 2023
Banking, Professional Services, Hardware, Mining, Minerals, Consumer Electronics, Alternative Energy, Energy, Technology, Natural Resources, Steel, Chemicals, Plastics, Manufacturing, Graphite, Zonguldak, EDT, LTA, Public expenditure, Electrode, Investment, Webcast, Growth, Security (finance), GrafTech, Carbon fibers, Cryptocurrency

For the first quarter of 2023, the weighted-average realized price for our LTA volume was $9,000 per MT.

Key Points: 
  • For the first quarter of 2023, the weighted-average realized price for our LTA volume was $9,000 per MT.
  • The suspension of our operations in Monterrey, Mexico in late 2022 will have a significant impact on our sales volume through the end of the second quarter of 2023.
  • Reflecting these factors, we estimate our sales volume for the second quarter of 2023 will be in the range of 24 thousand MT to 27 thousand MT.
  • GrafTech also makes its complete financial reports that have been filed with the Securities and Exchange Commission ("SEC") and other information available at: www.GrafTech.com .