Novelis reported net income of $29 million for the fourth quarter of fiscal year 2016. Excluding tax effected special items, the company reported net income of $50 million in the fourth quarter of fiscal 2016, a 35 percent increase over the prior year period.
The American Iron and Steel Institute (AISI) said that the G7 Ise-Shima Leaders’ Declaration released at the conclusion of the G7 Ise-Shima Summit in Japan is “an indication that the steel industry’s concerns are clearly being heard and acted on by heads of governments around the world.”
Republic Services, Inc. and Lab USA unveiled a state-of-the-art ash metal recovery facility at the Roosevelt Regional Landfill in Washington.
The Association of Women in the Metals Industry (AWMI) nominated Mary Pollen as 2015 Member of the Year.
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,569,000 net tons (NT) of steel in March 2016, including 2,097,000 NT of finished steel (up 12.9 percent and down 0.1 percent, respectively, vs. February final data).