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Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture.

Novelis has completed the transaction for its joint venture with Kobe Steel, Ltd., a producer of aluminum rolled products in Japan. The joint venture, Ulsan Aluminum, Ltd., was formed by Novelis selling Kobe Steel its ownership interest in its Ulsan, South Korea facility for $315 million.

Two researchers at the University of Rochester’s Institute of Optics have been named winners of the Association for Iron & Steel Technology’s (AIST) 2017 T.C. Graham Prize, an international award meant to encourage development of new and innovative uses for steel.

Novelis Inc. published its fiscal year 2017 Sustainability Report, detailing continued progress against the company’s ongoing sustainability commitments and goals.

The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3775 per share on Nucor’s common stock. This cash dividend is payable on November 9, 2017 to stockholders of record on September 29, 2017, and is Nucor’s 178th consecutive quarterly cash dividend.

Published in the October 2017 Edition of American Recycler News