Steel News

BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) announced today that it received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it is not in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock per the Notice was less than $1.00 per share over the consecutive 30 trading-day period ended April 14, 2025. The Notice does not result in th...

ORLANDO, Fla.--(BUSINESS WIRE)--Beamer Laser Marking Systems (“Beamer” or “the Company”), a trusted U.S.-based provider of industrial fiber and CO2 laser marking equipment for high-precision applications, today announced an exciting new phase for the Company. Following its recent acquisition by Fonon Quantum Technologies, Inc. (FQTI), operations are now fully integrated into a state-of-the-art facility in Orlando, Fla. This transformative move positions Beamer for accelerated growth and continu...

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) is scheduled to release its first quarter 2025 financial results on May 1, 2025, before the opening of the New York Stock Exchange. The company will hold a conference call with investors at 10:00 AM ET that morning. Jugal Vijayvargiya, President and Chief Executive Officer, and Shelly Chadwick, Vice President, Finance and Chief Financial Officer, will represent Materion Corporation on the call. Conference Call and Slide...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the first quarter 2025 on Thursday, May 1, 2025, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation. In light of the pending transaction, the company will not hold an earnings conference call. Ins...

MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems (“Nortech” or the “Company”), a global leader in digital connectivity solutions and data management engineering, is strategically positioned to serve customers in Europe and the Asia Pacific region while effectively mitigating the impact of global tariffs and trade challenges. “The imposition of tariffs has significantly impacted contract manufacturers, including Nortech. However, Nortech's global manufacturing strategy has allowed the Company to na...

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company specializing in the production and distribution of specialty chemicals and industrial tubular products, today announced the signing of a significant multi-year contract, expanding its relationship with an existing customer. The agreement is expected to generate more than $750,000 in additional annual EBITDA, representing a 10% year-over-year increase for the Specialty Chem...

ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that its subsidiary, Control Micro Systems (CMS Laser), has secured a significant order from a premier global manufacturing services provider specializing in high-reliability original equipment manufacturing (OEM) markets. This key customer, a trusted partner to OEMs in demanding sectors,...

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today reported financial results for its second quarter of fiscal 2025, ended March 29, 2025. Second Quarter 2025 Highlights Net earnings of $10.2 million, or $0.52 per diluted share Net sales of $160.7 million Gross profit of $24.5 million, or 15.3% of net sales Net cash bal...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA; ASX: AAI) today reported results for the first quarter 2025, a period that included sequential increases in Net income, Adjusted net income and Adjusted EBITDA excluding special items and the announced joint venture to support the San Ciprián (Spain) operations. Financial Results and Highlights M, except per share amounts 1Q25   4Q24   1Q24   Revenue $ 3,369   $ 3,486   $ 2,599   Net income (loss) attributable to Alcoa Corporation $ 548...

TURIN, Italy & NEW YORK & BERGAMO, Italy--(BUSINESS WIRE)--Comau has signed a binding agreement for the acquisition of Automha...