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Ludlum backpedals on stainless hike after NAS move

Allegheny Ludlum Corp. has revised its January price increase following a recent announcement by North American Stainless Inc. (NAS) that it would raise prices for only some flat-rolled stainless products.
Rebar mart feels import heat, awaits price drop

Domestic merchant bar prices have come under pressure, with expectations of lower rebar tags in coming weeks fed by an onslaught of imports from Turkey and indications of lower scrap prices.
Correction: Welspun plans ERW pipe coating plant for US

A story in the Feb. 2 issue incorrectly identified the cost of a new Welspun Corp. Ltd. electric-resistance welded (ERW) line pipe coating plant in the United States. Welspun plans to spend $65 million for both the coating plant and the first stage of an associated ERW pipe mill.
ITA rescinds tin mill products review vs. Japan

The Commerce Department’s International Trade Administration (ITA) has rescinded an anti-dumping duty administrative review of tin mill products from Japanese manufacturers/exporters JFE Steel Corp., Kawasaki Steel Corp., Nippon Steel Corp., NKK Corp. and Toyo Kohan Co. Ltd. from Aug. 1, 2010, to July 31, 2011.
Integrity Stainless to open new Ohio center

Integrity Stainless Corp. plans to open a service center in Streetsboro, Ohio, in April to meet a growth in business, a site that also will serve as the head office for the Specialty Metals unit of parent company Olympic Steel Inc.

Chicago ferrous scrap tags hit by surplus

Ferrous scrap prices in Chicago have fallen back, with secondary grades returning to December levels while prime grades dipped below levels seen that month, according to early indications from several market sources.
Pittsburgh, Cleveland ferrous scrap tags fall

Ferrous scrap prices have dropped $30 to $50 a gross ton across the board in Pittsburgh and Cleveland this month, with overabundant prime grades taking the biggest hit.
Copper scrap spreads slow to budge

Copper scrap spreads have shown little movement despite a fluctuating primary metal price on Comex, market participants told AMM.
Secondary aluminum alloy tags steady

Free-market secondary aluminum alloy prices ended a steady note Friday after the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) logged a correction following a spike earlier in the week.
Tomra sells Calif. recycling arm for $25M

Reverse vending machine maker Tomra Systems ASA has sold off its West Coast used beverage container (UBC) recycling arm for $25 million.

Superalloy tubing deteriorates at power facility

The U.S. Nuclear Regulatory Commission (NRC) is probing what appears to be premature deterioration in superalloy tubing installed just last year in a California power plant.
Copper scrap spreads slow to budge

Copper scrap spreads have shown little movement despite a fluctuating primary metal price on Comex, market participants told AMM.
Alcan to restart full Shawinigan smelter output

Rio Tinto Alcan will restart the 50,000 tonnes of idled capacity at its 100,000-tonne-per-year Shawinigan smelter in Quebec, with full capacity expected in the second quarter.
Commerce backs Evraz in ferrovanadium probe

Vanadium pentoxide shipped from a Russian subsidiary of steelmaker Evraz Group and then toll-processed into ferrovanadium in the United States does not represent a circumvention of a prevailing anti-dumping duty order on ferrovanadium from Russia, the Commerce Department has ruled in a preliminary determination.
US molybdenum prices continue to rally

Molybdenum prices in the U.S. market firmed further this past week as supply remains constricted and demand continued to pick up momentum, market participants said.

CIT amends order vs. valves from China

The U.S. Court of International Trade (CIT) has amended the final determination in an anti-dumping duty order on front-seating service valves from China.
Mine problems push Patriot into the red

Underperforming metallurgical coal mines, driven by challenging longwall mine moves, had a negative impact on Patriot Coal Corp.’s fourth-quarter results, but the new year is shaping up to be stronger, the company said.
Committee OKs transportation bill

The House Transportation and Infrastructure Committee on Friday approved a five-year, $260-billion transportation bill aimed at providing long-term funding for the nation’s roads, bridges and infrastructure projects.
Caterpillar to close locomotive plant

A Caterpillar Inc. subsidiary has announced plans to close its locomotive production operations in London, Ontario, drawing ire from Canadian Auto Workers union president Ken Lewenza, who called the decision a "callous move."
China evaluates WTO ruling on export limits

China’s Ministry of Commerce maintains that World Trade Organization (WTO) rules allow for room to focus on policy objectives, and the country will evaluate a WTO appeals panel’s ruling that it unfairly limited exports of raw materials.

AMM Awards: 2012 Steel Tube and Pipe Excellence Finalists

In the competitive world of the steel tube and pipe industry, what does it take to be the best? AMM addresses that question as we present the finalists of our inaugural Awards for Steel Tube and Pipe Excellence program to recognize the most innovative companies or individuals.
Boost in iron ore mine reserves may be start of quiet revolution

A quiet revolution is sweeping through the global iron ore markets, kicked off in early 2012 when Essar Steel Minnesota LLC announced that its Nashwauk, Minn., taconite property on the Mesabi Range, about 100 miles west of Lake Superior, contained far more ore-bearing rock than it had previously believed.
COMMENT: AMM Steel Hall of Fame to honor all-time greats

Making steel may be all in a day’s work for millions of people around the world, but sometimes during the course of that effort a few individuals make history and long-lasting breakthroughs.

Steel beam import applications spike by Frank Haflich

The U.S. market for wide-flange steel beams is due for an influx of imports, especially from Spain.
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Senators' bill looks to push Keystone pipeline forward by Catherine Ngai

A group of 44 senators introduced a bill this week to approve TransCanada Corp.’s Keystone XL pipeline despite President Obama’s recent rejection of the project.
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