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In the second quarter of 2017, Gerdau posted net sales of R$9.2 billion, down 11 percent from the same period a year earlier. The result was mainly affected by the effects from exchange variation in the period on units located abroad and by the divestment of the special steel units in Spain.

On the heels of last month’s acquisition of M&K Metal Processors in Delta, Ohio, MetalX disclosed that it plans to invest $35 million to build a greenfield, state-of-the-art scrap processing plant in Delta, Ohio. The company intends to develop its new facility on a 60 acre site across the street from North Star BlueScope’s flat-rolled steel mill.

Nucor Corporation has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets.

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,868,000 net tons (NT) of steel in June 2017, including 2,941,000 net tons (NT) of finished steel (up 11.6 percent and 12.8 percent, respectively, vs. May final data).

The Northeast Resource Recovery Association (NRRA) honored Harding Metals, Inc. of Northwood, New Hampshire, with the Business of the Year Award at NRRA’s Annual Conference and Expo.