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Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your newsrelease on our website Stainless Steel World Americas and email newsletter, please feel free to contact us.

ArcelorMittal CEO Awarded Gary Medal

The American Iron and Steel Institute announced that John Brett, CEO of ArcelorMittal North America, was awarded the industry’s highest honor — the Gary Memorial Medal — at AISI’s General Meeting in Washington, DC.

Synalloy Executive Vice President Tim Lynch Elected to CPTI Board of Directors

Synalloy Corporation, an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, is announcing its Executive Vice President of Synalloy Metals, Tim Lynch, has been elected to serve on the Board of Directors for the Committee on Pipe and Tube Imports.

Sandvik to Acquire Peterson Tool Company

Sandvik has signed an agreement to acquire the assets of US based company Peterson Tool Company, Inc., a leading supplier of machine-specific custom insert tooling solutions.

Steel Dynamics to Acquire Roca Acero

Steel Dynamics, Inc announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of ROCA ACERO S.A. de C.V. to be funded with available cash.

Atlas Tube Opens Second Steel Mill in Mississippi County

Atlas Tube opened its second steel mill in Blytheville.  The $150 million project is said to be the largest private investment in the U.S. steel industry in the last decade.

ResponsibleSteel Appoints New CEO to Lead Growth Agenda

The Board of ResponsibleSteel announces that it has appointed leading steel industry sustainability expert, Annie Heaton, as its new Chief Executive Officer, effective June 13, 2022.

Widia WCE Solid End Milling Platform Suits Steel, Stainless Steel, and Cast-Iron Applications

Widia has launched the WCE solid end milling platform. The initial release is WCE4, a four-flute geometry with a new grade (WU20PE).

CoTec Holdings Corp. Announces Investment in Green Steel Project in Midwestern U.S.

CoTec Holdings Corp. has announced that it has entered into an agreement to acquire a 15.8% equity interest in MagIron LLC for a US$2 million.

Commercial Metals Company Completes Acquisition of Tensar Corporation

Commercial Metals Company (“CMC”) announced that it has successfully completed the acquisition of TAC Acquisition Corp. (“Tensar”) from Castle Harlan, a New York-based private equity firm, for a cash purchase price of $550 million, subject to customary purchase price adjustments.

Nippon Steel Corporation and Vale Sign Memorandum Regarding Decarbonization Solution

Nippon Steel Corporation and Vale S.A. one of the world’s foremost mineral resource companies, have signed a memorandum for the purpose of strengthening their relationship and considering and discussing specific strategies, with the aim of realizing carbon neutral steelmaking processes.