Home News

AMM Daily

Saturday Feb 04 2012
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

  • Ludlum backpedals on stainless hike after NAS move

    Feb 03, 2012 | 05:40 PMThorsten Schier

    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

    Feb 03, 2012 | 05:06 PMMichael Cowden

    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

    Feb 03, 2012 | 05:04 PM

    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.

Nonferrous RSS

  • Superalloy tubing deteriorates at power facility

    Feb 03, 2012 | 04:48 PMFrank Haflich

    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

    Feb 03, 2012 | 04:43 PMChris Prentice

    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

    Feb 03, 2012 | 03:54 PMSuzy Waite

    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.

Scrap RSS

  • Chicago ferrous scrap tags hit by surplus

    Feb 03, 2012 | 05:36 PMSean Davidson

    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

    Feb 03, 2012 | 05:25 PMLisa Gordon

    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

    Feb 03, 2012 | 04:43 PMChris Prentice

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

Supply Chain RSS

  • CIT amends order vs. valves from China

    Feb 03, 2012 | 04:59 PMCatherine Ngai

    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

    Feb 03, 2012 | 04:52 PMLisa Gordon

    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

    Feb 03, 2012 | 04:33 PM

    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.

  1. US sheet run-up stalls as scrap poised to slip
  2. DJJ unit buys Colorado scrapyard
  3. Steel import license applications soar in Jan.
  4. Reliance unit buys metal fabricator McKey
  5. Auto wreckers face big fine for nonreporting

Latest Pricing Trends

Copper-1.59%
Lead-1.1%
Aluminum-0.67%
Zinc0.06%
Nickel0.16%
Palladium0.57%
Gold0.63%
Steel, rod2.27%
Stainless steel2.56%
Natural gas6.73%
From 02/02/2012 

Poll

When do you think your business activity will return to pre-recession levels?

In 2012
In 2013
In 2014 or beyond
My business has already returned to pre-recession levels
My business will never return to pre-recession levels


View previous results

AMM Events


Upcoming External Events More Events


Change font size: Switch to default font size Switch to medium font size Switch to large font size     Follow us    

Services:

AMM Access:

Quick Links:

Sister Publications:

Subscriptions: