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Steel

  • Plate prices poised to rise, sentiment mixed

    Plate prices appear poised to move upward after three major domestic producers recently announced increases of $30 to $40 per ton ($1.50 to $2 per hundredweight).

  • Outokumpu's Calvert mill will meet commitments

    Outokumpu Stainless USA LLC’s Calvert, Ala., mill will meet “all fourth-quarter customer commitments,” a company spokeswoman told AMM, despite persistent rumors that maintenance issues have affected production and raw materials consumption at the site.

  • Energy plants lift construction index in July

    Energy-related plant construction helped push a key domestic building index up 6 percent in July.

  • Takeover could strengthen PSL North America

    PSL North America LLC’s pending sale to India’s Jindal SAW Ltd. could make the mill a more viable competitor in the large-diameter spiral-welded pipe market due to its new parent’s deeper pockets, industry participants told AMM this past week.

  • China rod/bar import confusion fades

    U.S. imports of Chinese hot-rolled bar have plummeted from year-ago levels, mirroring a decline in Chinese wire rod imports, and market sources said the issue of misclassified material has become less of a problem this year.

Scrap

  • Sims Metal Management trims losses

    Sims Metal Management Ltd. narrowed its losses in its fiscal year ended June 30 on strong performances in Australia and Europe, which offset a weaker performance in North America and by its electronics recycling division.

  • Sponge iron crimp spurs Indian scrap tags

    Tight sponge iron supply in India helped lift some ferrous scrap prices this past week as large producers continued to book supply, although smaller operators remained absent from the marketplace.

  • Salvage yard owner pleads guilty in toxic dumping case

    The owner of a Long Island, N.Y., salvage yard had admitted dumping thousands of gallons of toxic automotive fluids into the ground.

  • Calif. recycler denied permit, must scale back operations

    Basik Recycling Inc. is being forced to scale back the scope of its operations after officials in Chico, Calif., denied its request for a permit to operate a recycling, scrap and dismantling yard.

  • Ferrous scrap export prices to Asia mixed

    Export prices for containerized ferrous scrap to Taiwan and South Korea inched marginally higher this week due to improving sentiment in the United States and Japan.

Nonferrous

Supply Chain

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  • Optimism prevails in market outlook for the year ahead

    Stainless steel demand continues to show strong growth, much of which has come from real market demand rather than simple inventory restocking.

  • A reduced appetite

    Mills are cherry picking direct-reduced iron technologies from leading providers as they seek the best input mix to create the optimal product while keeping costs under control at a time when raw materials are a driving factor in corporate profitability.

  • Iron will

    Steelmakers and other companies that have moved—or are considering moving—into direct-reduced iron production are exploiting advantageous energy prices while also looking to keep raw material costs and accessibility under their own control.

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