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Steel prices in the U.S. have surged in recent days, adding to gains since Trump became president. Hot rolled coil prices in the Midwest have jumped 12% to $839 per short ton during the two weeks ...
In 2022, the U.S. was the third-largest producer of raw steel worldwide, after China and India, and ranked sixth in pig iron production. By November 2024, the industry produced over 74 million net tons annually.
Worthington Industries was founded in 1955 by John H. McConnell, a steel salesman. McConnell saw an opportunity for custom-processed steel and purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile. He founded the company in Columbus, Ohio, where it is still headquartered.
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [2] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as direct reduced (DR) grade pellets for use in direct reduced iron (DRI ...
U.S. stocks closed higher as investors snatched up aluminum and steel shares on President Trump's plan for a 25 ... Gold prices climbed to an all-time high above $2,900 on safe-haven buying amid ...
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] China became the world's largest consumer of iron ore in 2003, [ 3 ] and accounts for over half of global metal consumption.) [ 4 ]
The average price of a dozen large, grade-A eggs was $4.15 in December 2024, up 14% from $3.65 in November, federal data shows.
John P. McConnell began his career at Worthington in 1975 as a general laborer in a Louisville, Kentucky steel plant. He also worked as a sales representative for two of Worthington's divisions. McConnell served as corporate personnel director and has been instrumental in administering the company's highly recognized employee-based policies. [1]
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