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Cleveland Cliffs reported $4.6 billion in revenue and steel shipments of 3.8 million net tons for Q3 2024, posting an adjusted EBITDA of $124 million amid weaker steel demand and pricing pressures.
SendCutSend’s expansion with a new factory in Pittston signifies a $63.2 million investment, leading to the creation of 309 new jobs. This move not only boosts the company’s US operations but also contributes to the growth of American industry and skilled work in the metals sector.
Steel Dynamics Inc. (SDI) saw a significant increase in third quarter profits due to higher steel prices, record shipments, and low import volumes. The company’s success was attributed to strong demand in various sectors such as energy, non-residential construction, and automotive, reflecting a positive trend in American industry and manufacturing.
Cleveland-Cliffs, a steelmaker based in Cleveland, posted a profit of $152 million in Q3’2026, marking its first profitable quarter since 2024. The company attributed this success to higher steel prices, increased sales volumes, and supportive trade policies for US mills, signaling a positive development for American industry and workers.
Belgium-based industrial racking and storage system manufacturer Stow Group has officially opened its inaugural U.S. manufacturing facility in Calhoun, Georgia. This development marks a significant step in expanding American industry and potentially creating job opportunities for local workers in the region.
Applied Materials has launched its $5 billion EPIC Center in Sunnyvale, California, the world’s largest semiconductor R&D facility, aiming to accelerate chip technology development for AI and next-generation applications.
GlobalFoundries and Taiwan Semiconductor Manufacturing Company (TSMC) have signed a five-year, $2 billion deal to produce silicon interposers at GlobalFoundries’ Malta, New York facility. The partnership aims to strengthen the U.S. semiconductor supply chain for AI and high-performance computing.
Medical device company BD plans to invest $19 billion to bolster domestic manufacturing of critical medical supplies, including sourcing American-made steel for all needles used in the U.S. This move signals a significant investment in American industry and highlights the importance of strengthening domestic production capabilities for essential healthcare products.
Several US steel industry groups are advocating for tighter trade measures on steel imports from South Korea, including a South Korea-specific tariff-rate quota (TRQ) and an investigation into a reported import surge. This move highlights efforts to protect domestic steel production and could impact American competitiveness in the steel industry.
Mesabi Metallics announced plans to invest $15 billion in a new steel mill in Lee County, Iowa, aiming to start production by 2030 with an initial output of 7.5 million tons annually, creating 1,750 permanent jobs and thousands of construction jobs.
News on America’s steel, aluminum, and metals industries, including production, investment, supply chains, and the workers powering this essential industrial base.
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