AMM Daily

Wednesday Sep 17 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

  • Turkish mills blast Canada for rebar duties

    Sep 16, 2014 | 06:34 PMNat Rudarakanchana

    Turkish rebar exporters have hit back against Canada’s decision to levy initial duties on imports of the material into Canada.

  • Stainless industry finally turning corner: exec

    Sep 16, 2014 | 06:14 PMMichael Cowden

    The U.S. stainless steel industry has finally recovered from the financial crisis, according to a top industry executive, and producers are now seeing a tight market, which has been a long time coming.

  • Essar wins OK on $100M financing deal

    Sep 16, 2014 | 06:10 PMRey Mashayekhi

    Essar Steel Algoma Inc. has received approval to proceed with an agreement that would provide it with a near-term capital infusion of $100 million.

Nonferrous

  • RTI signs supply deal for Leap engine

    Sep 16, 2014 | 05:33 PMFrank Haflich

    A long-term agreement to supply titanium aluminide to Snecma SA could mean an ultimate market of more than $100 million for RTI International Metals Inc., which is now one of two major suppliers of the alloy for the French aircraft engine builder’s new engine.

  • Correction: Importers plead guilty

    Sep 16, 2014 | 04:57 PM

    Due to misinformation provided to AMM by U.S. Customs and Border Protection and a misreading of a plea agreement, an article in the Sept. 4 issue inaccurately stated that four executives of Puerto Rico-based Sultana Screens & Aluminum Sales Inc. and Aluwest Industries Inc. had pleaded guilty to smuggling charges in connection with a scheme to evade U.S. anti-dumping and countervailing duties.

  • Noranda appealing energy decision

    Sep 15, 2014 | 02:13 PMNathan Laliberte

    Noranda Aluminum Holding Corp. is asking the Missouri Public Service Commission (PSC) to reconsider its order denying the company a reduced electricity rate at its New Madrid, Mo., smelter.

Scrap

  • Stainless scrap prices fall, outlook bearish

    Sep 16, 2014 | 04:27 PMRey Mashayekhi

    Stainless scrap prices have resumed their downward trek as nickel prices tumbled and market players held a bearish outlook due to lingering weakness in end-user demand.

  • Ferrous scrap export prices feeling pressure

    Sep 15, 2014 | 03:05 PMSean Davidson

    East Coast ferrous scrap prices are likely to come under pressure following two bulk cargo sales in a rising freight market that sent prices lower over the past week.

  • Sims executive Blake Kelley dies

    Sep 15, 2014 | 02:50 PM

    Ralph Blake Kelley, an industry veteran and vice president of Sims Metal Management Ltd., has died after a 10-year-long battle with cancer. He was 60 years old.

Supply Chain

  • Pacific Steel’s revolving credit line closes

    Sep 16, 2014 | 10:52 AMFrank Haflich

    Siena Lending Group LLC has completed a $15-million revolving credit facility for Pacific Steel Casting Co.

  • “Titanium cheaters” pose an ongoing threat

    Sep 15, 2014 | 10:01 AMFrank Haflich

    A lawsuit recently filed by United Technologies Corp. (UTC) shows that defense contractors are "still vulnerable" to an ongoing problem with "suspect" titanium that has persisted for 15 years, according to an aviation trade journal.

  • U.S. Steel wins OK to expand Minntac operations

    Sep 12, 2014 | 03:44 PMMichael Cowden

    U.S. Steel Corp. has received federal approval to expand its Minntac iron ore operations in Mt. Iron, Minn.

Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results