Having fallen from its high point in 2000, mergers and acquisition activity within the steel industry has slowed in both volume and value of transactions.
Novelis pledged to donate $1 million to Habitat for Humanity over the next 5 years in honor of the company’s fifth annual “One Novelis Volunteer Month” during October, when Novelis employees around the world join together to serve the communities they call home.
Lucas-Milhaupt Warwick LLC agreed to pay a penalty of $69,265 to resolve claims that it failed to file the proper “Toxic Release Inventory” (TRI) Reporting Forms, for copper and silver for 2012, 2013, and 2014, in violation of the federal Emergency Planning and Community Right-to-Know Act.
The American Iron and Steel Institute (AISI) reported that for the month of September 2016, U.S. steel mills shipped 6,769,312 net tons, a 10.3 percent decrease from the 7,542,605 net tons shipped in the previous month, August 2016, and a 4.9 percent decrease from the 7,120,663 net tons shipped in September 2015.
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 2,774,000 net tons (NT).