Fastmarkets announces winners of 12th Annual Global Awards for Steel Excellence

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Nov 12, 2021, 03:00 ET

LONDON, Nov. 12, 2021 /PRNewswire/ -- Fastmarkets, the industry-leading cross-commodity price reporting agency (PRA), is delighted to announce the winners of the prestigious 12^th 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.

SOURCE Fastmarkets