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Top Stories Sat, Dec 12, 2015

ATI idlings due to competition, trade case loss

Dec 11, 2015

Allegheny Technologies Inc.'s decision to temporarily idle two Pennsylvania plants and other grain-oriented electrical steel operations reflects poor market conditions, unfavorable trade case outcomes and changes in demand. More »
Steel sheet holds steady after mill price hikes

Dec 11, 2015

Steel sheet prices held steady this past week as the market digested the news of price increases by some domestic mills. More »
Nucor hikes plate prices $30/T, follows on sheet

Dec 11, 2015

A leading move by Nucor Corp. to increase steel plate prices could give much-needed support to producers' efforts to push the market higher, although it remains to be seen whether the effort will succeed over the coming weeks, market participants said. More »
Structural tubing tags fall but some call bottom

Dec 11, 2015

Structural tubing prices dipped this past week, but some participants see the market at bottom following recent flat-rolled increases by domestic mills. More »
Another ex-employee sues Revolution Aluminum

Dec 11, 2015

Another former employee of Revolution Aluminum LLC, formerly known as American Specialty Alloys Inc., is suing the company, alleging fraud by the top executive. More »
Upstate Shredding to process mixed metals

Dec 11, 2015

Upstate Shredding LLC plans to build a 30,000-square-foot facility and install new equipment that will allow it to reclaim shredded mixed metals from the scrap recycling operations of its affiliate, Weitsman Recycling LLC. More »
ITC continues pipe trade case, drops Philippines

Dec 11, 2015

The U.S. International Trade Commission (ITC) has voted to continue an investigation into standard pipe imports from four countries but has dropped the Philippines from the trade case. More »
Phifer in deal to buy New York Wire

Dec 11, 2015

Phifer Inc. has agreed to acquire the assets of mesh manufacturer and wire drawer New York Wire. More »
Lead contract talks continue, spot premium flat

Dec 11, 2015

Lead market participants are still working on finalizing contracts for 2016, while the spot lead premium remains steady amid softer seasonal demand. More »
Champion Iron in deal to buy Bloom Lake assets

Dec 11, 2015

A Champion Iron Ltd. subsidiary has agreed to acquire Cliffs Natural Resources Inc.'s Bloom Lake iron ore assets in Canada for Canadian $10.5 million ($7.6 million) plus the assumption of certain undisclosed liabilities. More »
Interstate Metal shredder plan challenged

Dec 11, 2015

Interstate Metal Recycling Inc.’s plan to add a shredder at its Hazle Township, Pa., facility is being challenged by a local resident who claims the business doesn't have the proper zoning or permit. More »
Alton Steel labor talks stretch into 2016

Dec 11, 2015

Union negotiations at Alton Steel Inc. will stretch into 2016 as both sides work to reach an agreement following the expiration of the former contract Sept. 21. More »
Aluminum billet upcharge flat, demand mixed

Dec 11, 2015

Aluminum billet supply concerns have yet to impact the spot premium, with the year-end downturn in market activity helping to keep the upcharge steady. More »

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Analysis groups

Although the steel industry has already made huge progress in such areas as quality and efficiencies, there is still room for it to improve further on inline analysis systems, the data-driven platforms with sensing equipment installed directly in a metals company’s production line.
Analysts say jury is still out on bigger aluminum trends

“It’s a little bit premature to think that aluminum has turned the corner,” Carol Cowan, senior vice president of Moody’s Investors Service Inc., told AMM. “We’re not going to take a lot of comfort from a one-month statistic change.”
Enterprising qualities

Metal executives frequently need to see how their business is doing on a day-to-day and week-to-week basis, analysts say, and ERP software allows for such oversight, bringing all of the data for operations, customer service and production together in one place and creating a comprehensive tool.

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No.1 heavy melt	-55.21%
Bushling index	-54.42%
Shredded auto scrap	-50.77%
Molybdenum	-44.57%
316 solids,clips	-43.79%
Domestic UBC	-33.71%
SBQ 1000	-32.61%
US rebar	-26.87%
Lead battery scrap	-21.62%
Year-over-year as of 12/11/2015

Top Stories Sat, Dec 12, 2015

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