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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 »
The House of Representatives has passed a bill expediting the approval process for TransCanada Corp.’s proposed Keystone XL pipeline.
Kentucky Electric Steel LLC (KES) will receive a $6-million investment from parent company Optima Specialty Steel Inc. allowing it to produce high-quality round bars in diameters up to 3.75 inches.
Outokumpu Stainless USA LLC has lowered its surcharges on most stainless steel grades for June.
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.
The former manager of a U.S. Navy bombing range has been accused of conspiring with salvage yard owners to steal $6.7 million in scrap metal between 2005 and 2011.
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.
U.S. ferrous scrap exports slipped slightly in the first quarter compared with a year earlier as demand from Asian consumers remained underwhelming.
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.
Constellium N.V. aims to expand its aerospace capacity, make inroads in the U.S. automotive aluminum sector and play a role in the growing Chinese canstock market as it looks to expand its global footprint, chief executive officer Pierre Vareille told AMM.
Pure Nickel Inc. chief financial officer Jeffrey Sherman has resigned effective May 31, and the junior miner has commenced exploration activities at its Man Alaska property, the company said May 23.
Junior copper-silver miner Revett Minerals Inc. has announced "an immediate and significant reduction in the work force at its Troy Mine" in Montana as most operations remain suspended and production looks unlikely to resume this quarter as previously forecast.
With nickel premiums continuing to sit at record lows, market participants say that business activity is unlikely to pick up until the end of summer.
Downstream aluminium product manufacturer Constellium N.V. has confirmed the value of its initial public offering (IPO) on the New York Stock Exchange and NYSE Euronext Paris at $333.3 million.
An Illinois structural steel fabricator that slapped a lien on a Burlington Northern Santa Fe Railway Co. (BNSF) bridge in Iowa is seeking additional compensation from the railroad for work it performed in the construction of the $61.5-million bridge.
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.
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