HELSINKI – SSAB announced Tuesday that Tom Cox has been appointed Head of SSAB Americas and a member of the SSAB Group Executive Committee, effective Feb. 1, 2026. Cox, currently the general manager of SSAB Iowa, will succeed Chuck Schmitt, who earlier announced his retirement. “With over two decades at SSAB, Tom Cox has…
ABU DHABI – Emirates Steel Arkan (ADX: EMSTEEL), one of the region’s largest steel makers, has signed a 20-year liquefied natural gas supply agreement with ADNOC Gas worth between $3.5 billion and $4.2 billion, the companies said on Wednesday. The agreement, effective from January 1, 2027, will ensure a stable and reliable supply of natural…
MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement,…
LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted…
BROOKLYN HEIGHTS: GrafTech International Ltd. (NYSE: EAF) reported its highest quarterly sales volume in nearly three years, reflecting strong execution of its strategic initiatives and resilience amid industry challenges. The graphite electrode manufacturer posted a 12% year-over-year sales volume increase in Q2 2025, its strongest since Q3 2022. U.S. sales volume surged 38% compared…
CALVERT: ArcelorMittal announced Thursday it has completed the acquisition of Nippon Steel Corporation’s 50% stake in AM/NS Calvert, gaining full control of the Alabama-based steelmaking facility. The deal, finalized under the terms of an Equity Purchase Agreement signed in October 2024, rebrands the site as ArcelorMittal Calvert. The facility, originally built by ThyssenKrupp at…
ABU DHABI: Emirates Steel Arkan, a leading steel producer in the UAE, announced on Tuesday that it achieved a net profit of AED 601.9 million in 2023, an increase of 18% from AED 510.2 million in 2022. The company attributed the growth to higher sales volumes, improved product mix, and operational efficiency. The company…