Commercial Metals Company (CMC) disclosed financial results for its first quarter ended November 30, 2015. Net earnings attributable to CMC for the three months ended November 30, 2015 were $25.1 million ($0.21 per diluted share) on net sales of $1.2 billion.
World crude steel production for the 66 countries reporting to the World Steel Association was 127 million tons (Mt) in November 2015, a -4.1 percent decrease compared to November 2014.
The Brazilian Aluminum Association (ABAL) and the Brazilian Association of Highly Recyclable Cans Manufacturers report that in 2014 the country recycled 289,500 tons of aluminum beverage cans out of the 294,200 tons available in the market, a growth of 12.5 percent over the previous year.
Rexam’s North American Corporate Office in Chicago, Illinois, received top honors in the 2015 Great American Can Roundup (GACR) Industry Challenge by recycling more than 61,000 pounds of aluminum beverage cans.
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,987,000 net tons (NT) of steel in October 2015, including 2,258,000 NT of finished steel (up 5.4 percent and 1.4 percent, respectively, vs. September final data).
AK Steel’s board of directors has approved the following executive promotions, which were effective January 1, 2016.