India's top steelmakers seek federal funds to cut carbon emissions

NEW DELHI, Jan 27 (Reuters) - India's top steelmakers have urged the government to provide federal funding and other economic assistance to help them meet targets for cutting carbon emissions, a leading industry body said. India, the world's third-biggest emitter of greenhouse gases behind China and the United States, has...
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MotorTrend Magazine

Scoggin Dickey Makes 2,000 hp With Gen V L8T GM LT Engine Parts

That's right, this build uses the soon-to-be-legendary LT-series Gen V L8T engine block and forged crankshaft found in the gas version of the 2020-2022 3500HD Chevy Silverado and GMC Sierra. After reading the spec sheet of the new engine, the guys at the Scoggin Dickey Parts Center (SDPC) Raceshop decided to source a block and crank, add a set of forged pistons and monster rods, port the heads, and see what it would do with 32 pounds of boost from a pair of turbos. The idea was to make a "reliable" 2,000 hp using goodies from SDPC. The engine made more than 2,000 hp from 5,900-7,300 rpm with a peak of 2,077 hp at 6,500. If you read between the lines, you too can do this, using engine parts from a wrecked pickup truck.
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US Steel Q4 2021 Earnings Preview

US Steel (NYSE:X) is scheduled to announce Q4 earnings results on Thursday, January 27th, after market close. The consensus EPS Estimate is $4.25 and the consensus Revenue Estimate is $5.35B (+108.8% Y/Y). Over the last 2 years, X has beaten EPS estimates 88% of the time and has beaten revenue...
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Nucor rallies on Q4 profit beat as steel price per ton doubles

Nucor (NYSE:NUE) +2.6% pre-market after Q4 earnings edged analyst expectations while revenues nearly doubled, and the steelmaker said end-use market demand for steel remains strong. Q4 net income jumped more than five-fold to a quarterly record $2.25B from $398.8M in the year-ago period, while sales surged 97% to $10.36B; total...

ArcelorMittal cut at Goldman on deteriorating steel spreads

ArcelorMittal (MT -3.6%) plunges as much as 4% after Goldman Sachs downgrades shares to Neutral from Buy to "reflect deteriorating steel spreads, a function of falling steel prices and elevated input costs." Goldman analysts continue to like ArcelorMittal's healthy balance and the prospect of strong free cash flow, but they...

Nucor (NUE) Tops Earnings Estimates in Q4 on Higher Steel Prices

Nucor Corporation NUE recorded net earnings of $2,250.4 million or $7.97 per share in fourth-quarter 2021, surging from net earnings of $398.8 million or $1.30 per share in the year-ago quarter. Earnings per share topped the Zacks Consensus Estimate of $7.82. The company logged net sales of $10,364.4 million, up...

Nucor stock rallies as profit soars and tops expectations, as steel prices per ton nearly doubles

Shares of Nucor Corp. rallied 2.1% in premarket trading Thursday, to bounce off a six-month closing low in the previous session, after the steel maker fourth-quarter profit that rose above expectations while sales nearly doubled but came up shy, and said demand is expected to remain strong to start 2022. Net income jumped to $2.25 billion, or $7.97 a share, from $398.8 million, or $1.30 a share, in the year-ago period. The FactSet consensus for earnings per share was $7.85. Sales grew 97.0% to $10.36 billion, as the average sales price per ton increased 99%, but was below the FactSet consensus of $10.45 billion. Total steel mill shipments rose 1%. "End use market demand remains strong for steel and steel products, and we are confident that 2022 will be another year of strong profitability for Nucor," the company said in a statement. The stock has tumbled 14.0% over the past three months through Wednesday, while the SPDR Materials Select Sector ETF has slipped 2.6% and the S&P 500 has declined 4.4%.

Toggle Pedal Switch momentary button #3DThursday #3DPrinting

A hands free switch from markoprinter on Thingiverse:. Pivot.stl should be printed 4 times. Have you considered building a 3D project around an Arduino or other microcontroller? How about printing a bracket to mount your Raspberry Pi to the back of your HD monitor? And don’t forget the countless LED projects that are possible when you are modeling your projects in 3D!
RC Car Action

Axial 1/24 SCX24 Jeep JT Gladiator 4WD Rock Crawler Brushed RTR [VIDEO]

Now every auto enthusiast who admires the full-size 2020 North American Truck of the Year can own and drive their own officially licensed, 1/24 scale RC version — the Axial® SCX24™ Jeep® JT Gladiator 4WD RTR. No previous radio control experience is needed because it’s easy...
Fratello Watches

Grand Seiko Introduces New 44GS 55th Anniversary Limited Editions In Ever-Brilliant Steel

Grand Seiko has had its foot on the gas pedal ever since the start of 2022. We have seen a string of exciting new releases from the Japanese brand, and it doesn’t look like GS is planning on slowing down anytime soon. To celebrate the 55th anniversary of its legendary 44GS, the brand introduces two limited-edition models with dials inspired by the stars in the sky. Both models are executed in Ever-Brilliant Steel and feature the latest hi-beat and Spring Drive movements. Let’s find out how bright the stars shone when Grand Seiko created these two new watches.
Den of Geek

The Lost Ending to Power Rangers Ninja Steel’s Best Plot

Power Rangers Super Ninja Steel of course ended with the Power Rangers saving the world… but they weren’t the real heroes. Oh sure they did what Rangers always do but the audience was rooting for other characters. Victor and Monty. The two comedic characters that often got into mischief and were driven by Victor’s eternal desire to get his 50th trophy, a goal long out of his reach.

Global steel output up 3.7 percent last year

The Brussels-based World Steel Association (Worldsteel) says the nations reporting figures to it produced some 1.95 billion metric tons of steel in 2021, representing a 3.7 increase in output from the prior year. The uptick occurred despite China, which makes about half the world’s steel, scaling back its output by...

Nadhim Zahawi ‘instrumental’ in securing controversial Greensill loans, says steel magnate

Steel magnate Sanjeev Gupta wrote to senior minister Nadhim Zahawi to thank him for his “instrumental” role in helping secure controversial loans from Greensill Capital, newly-published details have revealed.The Gupta Family Group Alliance (GFG) obtained the emergency, government-backed Covid loans during from Greensill – the failed finance firm at the centre of a political scandal about David Cameron’s lobbying activities.In October 2020 Mr Gupta sent a letter to Mr Zahawi, who was then a minister in the business department, to thank him for his “support” in obtaining the Greensill loans through the British Business Bank, according to a report in the...

Reliance Steel & Aluminum Co. (NYSE:RS) Expected to Announce Quarterly Sales of $3.87 Billion

According to Zacks, analysts expect that Reliance Steel & Aluminum will report full year sales of $13.98 billion for the current year, with estimates ranging from $13.94 billion to $14.01 billion. For the next financial year, analysts forecast that the business will post sales of $13.26 billion, with estimates ranging from $12.49 billion to $14.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Reliance Steel & Aluminum.
Inside Pulse

Danhausen Is All Elite With AEW Plus Appears At AEW Dynamite Beach Break 2022!

Danhausen Is All Elite With AEW Plus Appears At AEW Dynamite Beach Break 2022!. The former ROH talent, indy wrestling and internet darling has been signed by AEW. He also appeared at AEW Dynamite Beach Break 2022 as reported by the company (emphasis added). …Main Event Time!. Unsanctioned Match! Lights...

Global Mold Steel and Tool Steel Market- Erdemir, Yukselen Celik, Buderus Edelstahl, AYHAN TAKIM à‡EL?K A.?.

The research report on the global Mold Steel and Tool Steel Market comprises a thorough evaluation of the past and present business scenario to deliver a conclusive overview of the industry’s growth patterns over 2022-2029. This report also contains the general and comprehensive study of the Mold Steel and Tool Steel market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Mold Steel and Tool Steel industry and provides data for building strategies to expand the market growth and effectiveness.

Tata Steel Chess: A Photo Retrospective

As chess tournaments go, Tata Steel Chess has run pretty much forever—it has been held annually since 1938 with just one missed year. In that time, it became one of the strongest chess competitions in the world. How to watch the 2022 Tata Steel Chess Tournament. You can watch...

Hennion & Walsh Asset Management Inc. Purchases 700 Shares of Reliance Steel & Aluminum Co. (NYSE:RS)

Hennion & Walsh Asset Management Inc. raised its position in shares of Reliance Steel & Aluminum Co. (NYSE:RS) by 43.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,320 shares of the industrial products company’s stock after purchasing an additional 700 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Reliance Steel & Aluminum were worth $330,000 at the end of the most recent quarter.

Titan Steel Door to create over 90 jobs in Hart County, Georgia

This expansion will create 90 new jobs in northeast Georgia. Titan Steel Door currently has manufacturing operations in Murrayville, Georgia, where it employs more than 30 people in Lumpkin County. As part of this expansion, the company will open a new state-of-the-art manufacturing facility spanning more than 145,000 square feet, located at 2052 Knox Bridge Crossing Road in Hartwell.