LONDON, Nov. 12, 2021 /PRNewswire/ -- Fastmarkets,
the industry-leading cross-commodity price reporting agency (PRA),
is delighted to announce the winners of the prestigious
12th annual Global Awards for Steel Excellence. The
awards shine a spotlight on the groundbreaking innovations in the
global steel industry.
"This year's winners are a testament to the creativity, passion
and perseverance of the global steel supply chain," said
Fastmarkets CEO Raju Daswani. "We
are honoured to celebrate truly exceptional thought leaders and
organizations in the steel industry for their remarkable work to
drive innovation and growth."
This year's panel of esteemed judges chose the "best of the
best" from across the steel supply chain. The awards recognized all
aspects of innovation, from strategy to distribution and from
sustainability to diversity. In addition to the winners of 24
categories, also recognized was Lourenco
Goncalves, CEO of Cleveland-Cliffs, who was named Advocate
of the Year for his long-time leadership within the steel
industry.
Mr. Goncalves joined Cleveland-Cliffs in August 2014 and has since designed and led the
company through a major strategic initiative, transforming it into
a leading player in the U.S. steel industry. Starting with a
complete financial turnaround, this was followed by growth
initiatives in the metallics market and the entry into the steel
business.
In 2017 Cleveland-Cliffs started construction in Toledo, Ohio, of the world's most modern
direct reduction plant, which started operations in
November 2020. Mr. Goncalves led the
acquisition of AK Steel in March
2020, followed by the acquisition of ArcelorMittal
USA in December 2020. With these two major acquisitions,
Cleveland-Cliffs became the largest flat-rolled steel company and
the largest iron ore pellet producer in the United States and in North America, holding an industry-leading
market position in automotive steel. With the Toledo plant, the company became the sole
producer, in the Great Lakes region, of hot briquetted iron (HBI),
an environmentally friendly metallic feedstock designed to reduce
GHG emissions.
Early this year, Cleveland-Cliffs acquired Ferrous Processing
& Trading Co, adding one of the biggest producers and
distributors of scrap to its arsenal. According to Mr. Goncalves,
steel 'will continue to be the backbone of the new economy, just as
it was in the old … .'
Winners of the 2021 Global Awards for Steel Excellence are:
- Automotive Supplier of the Year: Nucor Corp
- Best Innovation - Process: ArcelorMittal Hamilton Research
and Development
- Best Innovation - Product: Big River Steel
- Best Mergers & Acquisitions: Target Metal
Blanking
- Best Operational Improvements: Majestic Steel USA
- Environmental Responsibility Stewardship:
SSAB Americas
- Exchange Company of the Year: SGX
- Ferrous Futures Trading Company of the Year: Flack Global
Metals
- Financial Services Provider of the Year: Bank of
America
- Legal Services Provider of the Year: Kelley Drye & Warren LLP
- Logistics/Transportation Provider of the Year: Ryder System
Inc
- Raw Materials Consumables Provider of the Year:
Cronimet Envirotec GmbH
- Production/Processors/Fabricators: Ferragon Corp
- Scrap Company - Large - North
America: Ferrous Processing and Trading
- Scrap Company - Small to Midsize - North America: Southern Recycling
LLC
- Scrap Company - EMEA: RKG International FZC
- Scrap Equipment Company of the Year: Wendt Corp
- Service Center - Large: Reliance Steel & Aluminum
Co
- Service Center - Small to Midsize: Jemison Metals
- Steel Producer - North
America: Steel Dynamics Inc
- Technology Provider of the Year: Aveva
- Tube & Pipe Producer of the Year: Webco
Industries
- Workforce Diversity Champion: SSAB Americas
The winners of the Global Awards for Steel Excellence were
announced during the Steel Success Strategies conference
presented annually by Fastmarkets and World Steel
Dynamics and attended by leaders in the global steel
industry.
ABOUT FASTMARKETS
Fastmarkets is the industry-leading
Price Reporting Agency (PRA) for global commodities, providing
price data, news, analytics, and events for the metals and mining,
forest products, and agriculture markets. Fastmarkets' data is
critical for customers seeking to understand and predict dynamic,
sometimes opaque markets, enabling trading and risk management.
Fastmarkets is a global business with a 130-year history built on
trust and deep market knowledge. Its team of more than 450 people
are located in global offices including London, Helsinki, Boston, New
York, Shanghai,
Beijing, Singapore, Brussels and São Paulo. Fastmarkets is part of
Euromoney Institutional Investor PLC (LSE:ERM), a listed company on
the London Stock Exchange. Euromoney is a leading international
business-to-business information group focused primarily on the
global commodities, banking and asset management markets.
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SOURCE Fastmarkets