Steel News

TARBORO, N.C.--(BUSINESS WIRE)--LS Cable & System USA, Inc. (“LSCUS” or the “company”), a US-based subsidiary of LS Cable & System Ltd. (“LS C&S”), today announced a $50 million investment to expand its manufacturing facility in Tarboro, North Carolina, underscoring the company’s commitment to onshoring advanced manufacturing to the United States, strengthening the supply chain, and serving as a key partner in the nation’s energy infrastructure. The expansion will add two additional...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (“U. S. Steel”) today released the findings of its latest economic impact report for Pennsylvania, underscoring the company’s powerful and growing role in advancing the Commonwealth’s economy, workforce, and communities. The analysis, conducted by Parker Strategy Group, shows that in Fiscal Year 2024, U. S. Steel generated $5.6 billion in total economic impact, supported 13,687 jobs statewide, and contributed $216 million in total tax...

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share on the Company’s outstanding shares of common stock. This represents a 5% increase to the Company’s most recent per share quarterly dividend. The dividend is payable on April 10, 2026, to shareholders of record as of the close of business on Mar...

BROOKWOOD, Ala.--(BUSINESS WIRE)--Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”) today announced results for the fourth quarter and full year 2025. Warrior delivered strong fourth-quarter and full-year results driven by record sales volumes, the commencement of operations at the transformational Blue Creek mine, and continued cost improvements. The ahead-of-schedule start of Blue Creek's longwall in October 2025 is already reshaping Warrior's production profile, cost structure,...

CLEVELAND--(BUSINESS WIRE)--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported fourth quarter 2025 net income of $136.0 million, or diluted earnings per share (EPS) of $2.45, which includes special item after-tax net charges of $10.6 million, or $0.20 EPS. This compares with prior year period net income of $140.2 million, or $2.47 EPS, which included special item after-tax net charges of $5.8 million, or $0.10 EPS. Excluding special items, fourth quarter 2025 adjusted...

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) today reported fourth quarter and full-year 2025 financial results, provided strong 2026 earnings guidance and announced a $65 million customer investment to support US defense initiatives. Fourth Quarter 2025 Highlights Net sales were $489.7 million; value-added sales1 were $253.9 million Net income of $6.6 million, or $0.31 per share, diluted, versus net loss of $48.8 million, or $2.33 loss per share, in the prior year...

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the appointment of Matthew Grussing to the role of Vice President – Fabrication. He will report to Andrew S. Greiff, President & Chief Operating Officer. In his new role, Mr. Grussing will oversee the execution of Olympic Steel’s fabrication strategy, a core component of the Company’s broader growth initiatives. His priorities will include strengthening the organization’s...

CLEVELAND--(BUSINESS WIRE)--SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its first quarter of fiscal 2026, which ended December 31, 2025. First Quarter Results Net sales in the first quarter of fiscal 2026 increased 14.8% to $24.0 million, compared with $20.9 million for the same period in fiscal 2025. Net income from continuing operations for the first quarter of fiscal 2026 was $1.8 million, or $0.29 per diluted share, compared with net loss of $2.4 millio...

BROOKWOOD, Ala.--(BUSINESS WIRE)--Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced that its board of directors has approved a regular quarterly cash dividend of $0.08 per share to be paid on March 2, 2026, to stockholders of record as of the close of business on February 23, 2026. About Warrior Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) coal...

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on March 27, 2026, to shareholders of record as of March 13, 2026. About Insteel Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, incl...