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NEW YORK--(BUSINESS WIRE)--Receipt of Quarterly Royalty Report and Royalty Payment On April 30, 2025, the Trustees of Mesabi Trust received the Royalty Report from Cliffs, the parent company of Northshore. As reported to Mesabi Trust by Cliffs in the Royalty Report, based on shipments of iron ore products by Northshore during the three months ended March 31, 2025, Mesabi Trust was credited with a base royalty of $ 1,067,762. For the three months ended March 31, 2025, Mesabi Trust was also credi...

ORLANDO, Fla.--(BUSINESS WIRE)--Fonon Technologies, a provider of state-of-the-art laser technologies for material processing and defense infrastructures, announced it has received a substantial third order for its DefenseTech Laser Cleaning Systems. This order was facilitated through a valued distribution partner, Incredible Supply & Logistics (ISL), an award-winning product distribution and third-party logistics (3PL) company. Bryan Lee, Vice President of Fonon Technologies, emphasized th...

DUBLIN--(BUSINESS WIRE)--The "Mining Steel Industry Market - A Global and Regional Analysis: Focus on End-User Application, Production Methodology, End Products, and Region - Analysis and Forecast, 2025-2035" has been added to ResearchAndMarkets.com's offering. The global mining steel industry market, valued at $875.7 billion in 2024, is projected towards a 4.63% CAGR, reaching $1.45 trillion by 2035. Demand across construction, automotive, and infrastructure sectors fuels this growth. Compleme...

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrial company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Monday, May 12, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The results will be reported in a press release prior to the conference call. Ascent management will host the conference call, followed by...

CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2025. Net income for the first quarter totaled $2.5 million, or $0.21 per diluted share, compared with net income of $8.7 million, or $0.75 per diluted share, in the first quarter of 2024. There was no LIFO income or expense in the first quarter of 2025, compared with $0.4 million of LIFO expense in the first quarter of...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 11, 2025, to stockholders of record at the close of business on Monday, May 12, 2025. About U. S. Steel Founded in 1901, U. S. Steel delivers profitable and sustainable steel solutions. Propelled by its talented employees and an unwavering focus on safety,...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) reported first quarter 2025 net loss of $116 million, or $0.52 per diluted share. Adjusted net loss was $87 million, or $0.39 per diluted share. This compares to first quarter 2024 net earnings of $171 million, or $0.68 per diluted share. Adjusted net earnings for the first quarter 2024 was $206 million, or $0.82 per diluted share. Commenting on the Company’s first quarter performance, U. S. Steel President and Chief Executi...

ROSEMONT, Ill.--(BUSINESS WIRE)--Astro Shapes, LLC (“Astro Shapes”), a leading manufacturer of custom aluminum extrusions and a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, today announced the acquisition of Star Extruded Shapes, LLC and Star Fab, LLC (collectively, “Star” or the “Company”). Founded in 1983 and headquartered in Canfield, Ohio, Star is a manufacturer of aluminum extrusions with value-added capabilities in fabrication and powder coating. Star serves diverse end mark...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a live webcast session at the Bank of America Global Metals, Mining & Steel Conference in Barcelona, Spain, on Wednesday, May 14, 2025. At 5:15 a.m. EDT (11:15 a.m. CEST), Oplinger will participate in a question-and-answer session regarding Alcoa’s business and outlook in the current market, including factors that could affect the present quarter’s financial results....

EL PASO, Texas--(BUSINESS WIRE)--US Manufacturing roll-up creates consumer unit, acquires DTC businesses, names new head...