The Month in Metals

  • China's crude steel output hits record high in June Aug 04, 2017

    Chinese mills produced 419.75 millions tonnes of crude steel in the first six months of 2017, up 4.6 percent from the same period a year ago.

  • G20 to announce steel capacity solutions by Nov. Aug 04, 2017

    The Group of 20’s policy solutions to combat a global steel glut are being crafted as U.S. steel producers push for relief via Section 232 remedies.

  • Section 232 outlook clouded as timing on action slips Aug 04, 2017

    A missed deadline, stiff opposition from export-oriented industries, and mixed reactions to meetings with Commerce have stirred concern.

  • USTR's Nafta objectives draw range of reactions Aug 04, 2017

    Response to the USTR’s roadmap for retooling Nafta run the gamut from praise to amounting to little more than “tweaking around the edges.”

  • ITC 332: Multiple factors grease US aluminum decline Jul 04, 2017

    Declining prices, relatively high production costs--particularly for electricity--and limited investments in smelting technologies all played a role.

  • Arconic, Elliott end proxy battle Jun 01, 2017

    The agreement brings to a close an exchange of fire that led to the exit of Arconic’s CEO.

  • Big River weighing construction of mill to serve Mexico Jun 01, 2017

    Local media reports indicate that the proposed $1.5-billion mill would supply steel sheet from Brownsville, Texas to Mexican automakers.

  • Bouchard to build $1.3B aluminum rolling mill in eastern Kentucky Jun 01, 2017

    Groundbreaking for Brady Industries Inc.'s proposed facility is set for the first quarter of 2018.

  • Cliffs to build US DRI plant Jun 01, 2017

    Annual capacity is pegged at 1.5M tons.

  • Longhi steps down at USS, Burritt moves up to top post Jun 01, 2017

    The former Gerdau Long Steel and Alcoa executive said he had planned the move, which came after USS charter a surprise first-quarter loss.

  • Trump's 232 bomb could backfire, trade experts warn Jun 01, 2017

    'You would get blowback and the blowback would hit those people that were ostensibly trying to help,' a trade lawyer weighs the possible outcome.

  • Trump's Nafta rework plan official, USTR Lighthizer says Jun 01, 2017

    Particular focus will be given to issues like intellectual property and digital trade a letter issued by Lighthizer's office in mid-May pointed out.

  • Trump pulls trigger on the mother of all trade actions May 03, 2017

    In an executive memorandum signed April 20, 2017, President Donald J. Trump initiated what – at least in the near term – might be called the mother of all trade actions by launching an investigation into whether steel imports pose a threat to national security under Section 232 of the Trade Expansion Act of 1962.

  • Early days of Trump White House already reviewed Feb 17, 2017

    Executives, analysts from across the metals industries discussed and debated what the early days of new administration have brought already.

  • Cliffs says it is on track with Mustang custom pellets Dec 21, 2016

    The Mustang pellet, tailored to replace the Viceroy pellet formerly shipped out of Cliffs' Michigan Empire mine, was developed with ArcelorMittal.

  • ITA conference set to present full spectrum for sector Sep 26, 2016

    As the international titanium supply chain has grown in scope over the past decade, attendance at the ITA conference series has doubled.

  • Auto roars ahead, with AMM conference set for the fall Jul 19, 2016

    Dearborn will again play host to the annual AMM automotive conference as speakers and delegates will continue the lightweighting debate.

  • AMM Steel Success Strategies XXXI set for June meet Apr 27, 2016

    The conference, co-sponsored by World Steel Dynamics, offers a chance to get both a North American and a global perspective on the industry.

  • Energy market may be close to reaching rock bottom Feb 24, 2016

    If the market becomes bullish, the rigs that come back first may still mean weak demand for tubular products even as drilling activity ramps up.

  • Service centers also struggled through a rough 2015 Jan 06, 2016

    Service centers can still survive, thrive in rocky world of steel as a tough year just drew to a close, industry sources said, but business is evolving.

  • Weather, prices, glut contribute to 2015 tubular woes Nov 23, 2015

    Natural gas drilling has fallen to historic lows this year on the back of depressed prices, and potentially warmer winter weather is leaving energy tubular suppliers unsure about the traditional winter pickup.

  • The power play that is behind the Clean Power Plan Sep 30, 2015

    The Clean Power Plan (CPP), and all 1,560 pages of its guidelines and timelines, was officially signed and released by the Environmental Protection Agency (EPA) under the Obama Administration in August.

  • Steel, scrap prices and demand cool off in summer Aug 01, 2015

    Through mid-summer, a number of signs have continued to point to challenges and potential further struggles for some sectors of the steel and scrap industries. Falling prices, lower demand and global economic concerns are all contributing to ongoing problems. Distributor selling prices for line pipe plunged to new lows in the summer, weighed down by a sagging energy market and a downturn in distributor sentiment.

  • Steel Success Strategies XXX sets high goals for event Jun 01, 2015

    Hundreds of international steel industry executives, analysts and other experts are expected to gather in June at AMM’s Steel Success Strategies XXX Conference in New York City to get the best insight into the health of the industry halfway through 2015, and to take advantage of networking and business opportunities.

  • Domestic steelmakers fighting back on import issues Oct 01, 2014

    After winning an oil country tubular goods trade case in August, U.S. steelmakers may be ready to challenge imports of other products.

  • Indictment alleges Chinese hackers spied on US firms Jul 01, 2014

    The Justice Department accuses military group of breaking into the computers of American companies with business ties to the country.

  • Big River Steel clears big hurdle with Arkansas permit Jun 01, 2014

    John Correnti’s project took a big step forward when environmental officials rejected Nucor’s complaints and upheld an air permit ruling.

  • Walker assumes helm of new Global Brass Jan 01, 2008

    Global Brass & Copper Inc., East Alton, Ill., the former Olin Corp. metals business acquired by New York-based KPS Capital Partners LP, has named John H. Walker as chief executive officer.

  • ArcelorMittal makes another china foray Jan 01, 2008

    ArcelorMittal, keen on making its presence felt in China, is paying $647 million for a 28.1-percent stake in China Oriental Group Co. Ltd., making it the only Western steelmaker to own significant stakes in two of the country’s steel mills.

  • BHP’s Rio bid begins battle of titans Jan 01, 2008

    BHP Billiton’s $140-billion offer for Rio Tinto set the market abuzz in November and looked likely to spark a bidding war following reports that China’s biggest steelmaker was preparing to crash the party.

  • What is it with Ohio and steel projects? Dec 01, 2007

    A greenfield boom may be in the works in the middle of the Rust Belt.

  • Steelmakers taking a hard look at climate change Dec 01, 2007

    Global steel producers are beginning to warm to the challenges presented by climate change.

  • PEOPLE The Russians come and heads roll at UC Rusal Nov 01, 2007

    Heads were spinning, and rolling, as Russia’s United Co. Rusal, the world’s largest aluminum producer, put new managers in place and sent a few packing.

  • PEOPLE Final Act for the rastogi brothers Nov 01, 2007

    The curtain has opened on what may be the closing act in a multinational fraud case involving India-born brothers Virendra and Narendra Rastogi, dozens of associates, two wives, a mistress, their defunct metals trading companies and losses in the hundreds of millions of dollars.

  • The scrap metals industry’s brave new world Nov 01, 2007

    A pair of billion-dollar-plus deals has changed the game for an industry that has resisted large-scale consolidation until now.

  • Ryerson chief has last laugh Oct 01, 2007

    CHICAGO — Neil S. Novich, chairman, president and chief executive officer of Ryerson Inc., was given a new lease on his job following a proxy fight for control of the company’s board at Ryerson’s annual meeting.

  • USS’ shopping spree is not over yet Oct 01, 2007

    U.S. Steel Corp., Pittsburgh, has shelled out more than $3 billion to acquire two steel producers operating in different markets.

  • Ameristeel bids $4.2B for hot texas beams Sep 01, 2007

    Gerdau Ameristeel Corp., Tampa, Fla., has agreed to acquire Chaparral Steel Co., Midlothian, Texas, in a deal valued at $4.22 billion, or $86 per share, which would expand its reach into the profitable structural steel sector.

  • Ryerson going private via $2B buyout Sep 01, 2007

    Private equity firm Platinum Equity LP is preparing to make a big jump in its metals service center holdings with the addition of industry giant Ryerson Inc. to its portfolio, which for the past 18 months held the three service center companies in PNA Group Inc.

  • Some say aye, some nay, and others just don’t know Aug 01, 2007

    The debate over steel futures is creating a ruckus in what is usually a quiet season. Amidst it all, a voice has emerged asking for help in understanding what these contracts really mean for his business.

  • Steel’s man of hour Dan DiMicco Aug 01, 2007

    As Daniel R. DiMicco prepared to speak during luncheon ceremonies at the Steel Success Strategies XXII conference in New York in June, he reached for his eyeglasses.

  • One we saw coming Aleris inks agreement to buy wabash alloys Aug 01, 2007

    The two leading U.S. secondary aluminum smelter groups will become one during the third quarter, provided no glitches derail a definitive agreement for Aleris International Inc. to buy Wabash Alloys LLC from Connell LP for $194 million.

  • The return of Sandy Nelson Jul 01, 2007

    When Maurice S. Nelson Jr. retired last year from the chief executive officer’s post at Earle M. Jorgensen Co. after its $984-million sale to Reliance Steel & Aluminum Co., most of his service center industry colleagues expected him to spend time visiting France and perhaps joining some corporate boards.

  • $7.7 billion for Ipsco Who’d have figured it would be the Swedes? Jul 01, 2007

    Svenskt Stal AB, Stockholm, Sweden, plans to acquire Ipsco Inc., Lisle, Ill., for $7.7 billion, marking the largest of several consolidation moves in the steel industry in recent months.

  • Alcoa aims to be No. 1 again Jul 01, 2007

    With its bid for Alcan, North America’s largest metals producer has put itself squarely in the firing line. The shape of North America’s aluminum industry might never be the same.