Electralloy to increase prices
Electralloy will increase their prices on stainless grades and specialty and nickel alloy mill products. Mill products include the forms of all remelted products, in addition to billet, master alloy, and specialty nickel bar. The cost of selected air melted and all remelted stainless grades
Valero to acquire Pembroke refinery
Valero Energy Corp. will acquire Chevron's Pembroke refinery in Wales, U.K., in addition to extensive marketing and logistics assets throughout the U.K. and Ireland. Metals USA acquires The Richardson Trident Company
Metals USA Holdings Corp. (Metals USA), provider of processed carbon steel, stainless steel, aluminum and other metals has closed the acquisition of The Richardson Trident Company (Trident). Wescast expands Ontario stainless facility
Wescast Industries Inc will further expand the capacity of its stainless steel facility in Stratford, Ontario, more than doubling its previous commitment. The additional capital investment comes as a result of a number of production orders recently received. The orders are for engine components Ferrous seeking strategic partner
Ferrous Resources Limited intends to form a strategic partnership with an investor by late April or early May of 2011 to support the development of a USD 4.2 billion iron ore project in Brazil. Talks are currently underway with five interested partners, which may include traders, mining companies
North American Stainless (NAS) plans to invest USD 10 million on increased peeled bar production and another USD 20 million on additional equipment upgrades at its Ghent facility. The company is a subsidiary of Acerinox, S.A., headquartered in Madrid, Spain; this expansion marks the largest Spanish investment 
Gerdau will invest USD 1.5 billion to expand its wire rod and rolling mill in Rio de Janeiro. The project will more than double capacity at the company’s Cosigua mill in Santa Cruz, an industrial compound in Rio. The 40-year-old plant generates rods, bars and other steel products for the construction industry. 
Bombardier has received an order from NetJets Inc. to construct 50 Global jets with options for an additional 70 aircraft. This marks the company’s largest business aircraft sale in history with the transaction valued at approximately USD 2.8 billion, based on list prices. 
ThyssenKrupp Nirosta will provide stainless steel from Germany for New York's new landmark, the One World Trade Center. The corners of the skyscraper's facade will be edged with stainless steel. ThyssenKrupp produced the material for the landmark using a customized rolling and heat-treatment process 
OAO Severstal plans to invest USD 2 billion to optimize operating efficiency, revamp its operational facilities and ensure that the company continues to maintain industry-leading health and safety standards. The company will invest USD 650 million, a 53% increase from 2010