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May 22, 2013
U.S. Steel Corp has raised spot prices for all flat-rolled steel products by a minimum of $50 per net ton, effective immediately, according to a May 22 letter to customers. More »
Nadca, along with representatives from several large die casting firms, met with officials from the LME’s aluminum committee May 22 to discuss the effectiveness of the Nasaac, Nadca president Daniel L. Twarog said. More »
West Coast ferrous scrap export prices for bulk shipments have dropped to a nearly five-year low as exporters continue to search for demand in Far East Asia. More »
Gerdau Long Steel North America says that the steel it produced to create anchor rods for the San Francisco-Oakland Bay Bridge that have since failed met the specifications "it was ordered to." More »
U.S. manufacturers have on aggregate stopped offshoring U.S. jobs as domestic production gets comparatively cheaper than producing goods abroad, according to Harry Moser, president and founder of the Reshoring Initiative. More »
Andrew Caplan will head the combined aluminum and alumina department of Glencore Xstrata Plc after current aluminum head Gary Fegel leaves the company in the summer, market sources close to the company said. More »
Power Piping Co. has responded to a U.S. Steel Corp. lawsuit seeking to reclaim losses the steelmaker says it sustained following a 2010 explosion at its Clairton, Pa., coke plant. More »
Stainless steel producer Outokumpu Oyj will pilot a daily alloy surcharge system in Europe this summer, the company said May 22. More »
JIT Steel Service Inc. has filed a breach-of-contract lawsuit against Spig Industry LLC, a manufacturer of guardrails and other finished steel products, alleging that Spig failed to pay more than $122,000 in outstanding invoices. More »
Work to upgrade Alcoa Inc.’s operations in Massena, N.Y., is expected to begin in June, with transmission lines being moved to accommodate a new electrical substation expected to power a new potline. More »
U.S. ferrous scrap exports slipped slightly in the first quarter compared with a year earlier as demand from Asian consumers remained underwhelming. More »
Metalico Inc. is buying two privately held scrapyards in Pennsylvania and New York. More »
An Oregon auto and scrap metal recycler has filed for Chapter 11 bankruptcy protection. More »
The outlook among companies that stamp, form and fabricate metals products held fairly steady in May compared with April, even though some have experienced uneven order rates and shipments this year. More »
U.S. Steel Corp has raised spot prices for all flat-rolled steel products by a minimum of $50 per net ton, effective immediately, according to a May 22 letter to customers.
Tenaris SA plans to fire up two new U- and O-forming presses representing a $180-million investment at its mill in Pindamonhangaba, Brazil, next week, the company said May 22.
ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their surcharges on most stainless steel grades for June.
Power Piping Co. has responded to a U.S. Steel Corp. lawsuit seeking to reclaim losses the steelmaker says it sustained following a 2010 explosion at its Clairton, Pa., coke plant.
U.S. ferrous scrap exports slipped slightly in the first quarter compared with a year earlier as demand from Asian consumers remained underwhelming.
West Coast ferrous scrap export prices for bulk shipments have dropped to a nearly five-year low as exporters continue to search for demand in Far East Asia.
Nadca, along with representatives from several large die casting firms, met with officials from the LME’s aluminum committee May 22 to discuss the effectiveness of the Nasaac, Nadca president Daniel L. Twarog said.
A site in Kansas' Allen County that was once home to many lead and zinc smelters will be added to the U.S. Environmental Protection Agency’s Superfund National Priorities List, the EPA said.
An Oregon auto and scrap metal recycler has filed for Chapter 11 bankruptcy protection.
Global Brass & Copper Holdings Inc. (GBC) has lowered the size and price of its proposed initial public offering (IPO), according to documents filed with the U.S. Securities and Exchange Commission (SEC) May 22.
American Vanadium Corp. has entered into an agreement to market and sell Gildemeister Energy Solutions’ CellCube vanadium redox flow batteries in North America.
Brazil exported significantly more copper ore and copper cathode in April than it did in the same month in 2012, but its shipments of aluminum, alumina, bauxite and most ferroalloys declined, according to the Brazilian trade ministry.
Malaga Inc. is continuing to seek financing or a buyer for its Peruvian operations as the tungsten miner posted a $3.1-million net loss for the three months ended March 31.
JIT Steel Service Inc. has filed a breach-of-contract lawsuit against Spig Industry LLC, a manufacturer of guardrails and other finished steel products, alleging that Spig failed to pay more than $122,000 in outstanding invoices.
The outlook among companies that stamp, form and fabricate metals products held fairly steady in May compared with April, even though some have experienced uneven order rates and shipments this year.
An increase in nonresidential construction starts wasn’t enough to offset a decline in public works in April, resulting in a 1-point slip in the benchmark Dodge Index.
Gerdau Long Steel North America says that the steel it produced to create anchor rods for the San Francisco-Oakland Bay Bridge that have since failed met the specifications "it was ordered to."
U.S. manufacturers have on aggregate stopped offshoring U.S. jobs as domestic production gets comparatively cheaper than producing goods abroad, according to Harry Moser, president and founder of the Reshoring Initiative.
AMM's special correspondent Andrea Hotter ventures to the site of Kennecott Utah Copper’s Bingham Canyon Mine in the aftermath of last month's massive wall slide.
At the start of the new century, there were few signs that the oil country tubular goods (OCTG) market was about to do something historic. But a remarkable growth cycle started about a decade ago, fueled by technological innovation and increased energy demand.
AMM ’s third annual Aluminum Summit in June will offer analysts and executives from every step along the supply chain an opportunity to collaborate, address the challenges facing the industry, and seize the opportunities that domestic and global markets have to offer.
Despite a somewhat discouraging trend in the defense sector, global demand and investment are expected to maintain a profitable market climate.
Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?
June 20-21, 2013 New York
They said they would not be able to offer specific remedies from the conference call but would work with the appropriate committees of the LME to find solutions.
Daniel Twarog, Nadca