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Platts Global Metals Awards Laud 2014 Winners' Innovative & Philanthropic Initiatives

LONDON, May 22, 2014 /PRNewswire/ -- Companies and individuals from four continents were honored Wednesday night at the 2014 Platts Global Metals Awards for exemplary achievements in the steel, metals and mining industries. Awards in a dozen performance categories were presented at a black-tie dinner in London, showcasing advancements in sustainability, operational excellence, social responsibility and financial performance. 

"It's encouraging to see that so many industry participants made innovative technologies and social responsibility top priorities despite a challenging global economy," said Larry Neal, president of Platts, a leading global energy, petrochemicals, metals and agriculture information provider. "We congratulate the winners for moving beyond the status quo and better serving not only their customers, but the greater needs of the industry and their communities."

"Going above and beyond" was the key differentiator when the Platts Global Metals Awards' independent panel of judges selected winners in the 2014 new awards categories: "Breakthrough Innovation of the Year," the "Corporate Social Responsibility Award" and "Metals Mover of the Year."

LanzaTech received "Breakthrough Innovation of the Year" for its advancements in bio-technology which are benefitting the steel-making industry. Founded in New Zealand and headquartered in the U.S., LanzaTech developed a proprietary natural gas-fermentation microbe that transforms carbon-rich waste gases from industrial sources, such as steel mills, into fuel-grade ethanol and other chemicals. Given LanzaTech's partnering with more than seven global metals entities, judges believe the company's sustainable technology is on its way to greatly reducing the industry's carbon emissions.   

Another top example of environmental consciousness and community service was seen in Gerdau Long Steel North America, winner of the 2014 "Corporate Social Responsibility Award." The Florida-headquartered, 110-year-old steel producer is not only the world's largest supplier of specialty long steel, it is a leader in community involvement programs, which have been fuelled since 2005 by its philanthropic arm, Gerdau Institute. In 2012, the Institute invested $52.7 million in projects that drew voluntary participation of more than 9,500 employees.  Gerdau was lauded by the judges panel for weaving social responsibility into its corporate fiber.

Reliance Steel & Aluminum Company won this year's "Metals Mover of the Year." Not only did the California-based entity surpass industry expectations in financial performance, but its track record of safe, speedy delivery of materials caught notice of the judges. Particularly noteworthy was the company's exemplary customer service – evidenced by repeat customers accounting for 96% of 2013 orders. Founded in 1939, Reliance has grown through 56 acquisitions since 1994 into the largest metals service center company in North America, with a network of more than 240 locations in 39 states in 10 countries.

Industry Leadership Awards Commend Companies for Innovation and Operational Excellence

Winners of the "Industry Leadership Awards," bestowed on companies in four metals sectors, were chosen for their innovation, leadership, market expansion and financial success.  

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