AMM Daily

Tuesday Jul 29 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

Latest News By Category

Steel RSS

  • HSS prices softer, but rise expected soon

    Jul 29, 2014 | 06:39 PMThorsten Schier

    Hollow structural sections (HSS) prices east of the Rockies are said to have softened this past month, although sources anticipate an increase soon on the back of firming coil tags.

  • USS logs loss in qtr.; better times seen ahead

    Jul 29, 2014 | 06:15 PMMichael Cowden

    U.S. Steel Corp. slid into the red in the second quarter after a difficult winter and operational problems dented results, but it sees better times ahead.

  • OCTG gains momentum after dumping verdict

    Jul 29, 2014 | 04:56 PMThorsten Schier

    Oil country tubular goods (OCTG) prices are gathering steam following the recent anti-dumping trade case ruling that saw duties levied against South Korea, the largest overseas supplier of the product to the United States.

Nonferrous RSS

  • Kodak files lawsuit against banks, LME

    Jul 29, 2014 | 06:29 PMNathan Laliberte

    Eastman Kodak Co. has filed an antitrust lawsuit against Goldman Sachs Group Inc., JPMorgan Chase & Co., Glencore Xstrata Plc, the London Metal Exchange and others for allegedly scheming to inflate the value of aluminum stored in LME-approved warehouses.

  • Revenue bonds for CN Wire under review

    Jul 28, 2014 | 07:27 PMSaranya Kapur

    New Mexico’s move to issue industrial revenue bonds to Turkey-based copper wire manufacturer CN Wire Corp. has been put on hold and will be subject to a hearing by the New Mexico State Board of Finance.

  • Aluminum shipments fall in June

    Jul 28, 2014 | 07:18 PMNathan Laliberte

    North American aluminum shipments fell in June but rose year to date as "weakness in can sheet is offsetting gains in many other product types," according to Timothy Hayes, principal of New York-based Lawrence Capital Management Inc.

Scrap RSS

  • Scrap exporter poised to enter W. Coast mart

    Jul 29, 2014 | 06:42 PMSean Davidson

    A new metal recycling company in Washington state is poised to compete in the ferrous scrap bulk export market, bringing the total number of bulk exporters in the Pacific Northwest to three.

  • Zorba said unlikely to boost twitch prices

    Jul 29, 2014 | 04:40 PMSean Davidson

    Domestic prices for twitch, a high-quality nonferrous auto shred, are unlikely to rise even if export tags for its zorba feedstock increase next month, market participants said.

  • Lead, zinc scrap prices rise amid LME gains

    Jul 29, 2014 | 02:31 PMSaranya Kapur

    A run-up in terminal market prices has pushed up lead and zinc scrap tags, but muted summer market activity has placed a ceiling on scrap prices, market sources told AMM.

Supply Chain RSS

  • Commercial aero offsets Ducommun’s military cuts

    Jul 29, 2014 | 06:35 PMFrank Haflich

    Growing commercial aerospace work helped Ducommun Inc.’s net income soar in the second quarter, and the Los Angeles-based aerospace subcontractor’s stock price once again reacted sharply to unexpected earnings results.

  • High costs push Castle deeper into red

    Jul 29, 2014 | 05:07 PMNat Rudarakanchana

    Metals and plastics distributor A.M. Castle & Co. experienced a disappointing second quarter, the company’s top executive said, as steep operating costs ate up more than half of $249.5 million in quarterly sales amid broader restructuring.

  • Leeco appoints purchasing exec

    Jul 29, 2014 | 01:52 PM

    Leeco Steel LLC has named Ryan Murphy vice president of purchasing effective immediately.

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