Steel

  • AK Steel prices stock offering, notes Sep 11, 2014

    AK Steel Holding Corp. has priced its offering of 35 million shares of common stock to fund its planned acquisition of Severstal Dearborn LLC at $9 per share.

  • Despite advances, overcapacity still dogs steel Sep 11, 2014

    The domestic steel industry is in good health but could still benefit from the exodus of more melting facilities, according to industry analysts and executives.

  • Valbruna trade case tied to ex-worker Sep 11, 2014

    Valbruna Slater Stainless Inc.’s trade complaint against stainless steel producers and exporters in Germany, India and Taiwan is related to the alleged theft by a former employee of the company’s "know-how" in producing stainless steel.

  • USS lifts OCTG prices on heels of trade verdict Sep 10, 2014

    U.S. Steel Corp. has raised oil country tubular goods (OCTG) prices in a widely expected move following a favorable trade verdict for domestic producers in August.

  • Cliffs taps Baldwin for board, amends credit Sep 10, 2014

    Cliffs Natural Resources Inc. has named John Baldwin to its board of directors, the company said Sept. 9.

  • Big River granted time to respond to Nucor suit Sep 10, 2014

    Big River Steel LLC has been granted a 28-day extension to respond to a lawsuit filed by Nucor Corp. that aims to stop construction of the start-up steelmaker’s $1.3-billion steel mill project near Osceola, Ark.

  • Aluminum trend to continue: IHS analyst Sep 10, 2014

    Steel deserves credit for some of the 700 pounds Ford Motor Co. shed on its new aluminum-bodied F-150 pickup, according to one automotive analyst.

  • Russian steel imports still flowing Sep 10, 2014

    Russian hot-rolled and flat-rolled steel looks set to continue to arrive in large quantities at U.S. ports this month.

  • Turkey escapes rebar duty, Mexico still hit hard Sep 10, 2014

    The International Trade Administration (ITA) has suspended its anti-dumping investigation into imports of Turkish rebar and set only minimal countervailing margins, but has maintained steep dumping margins on Mexican rebar.

  • Currency manipulation alternate fight: AISI Sep 09, 2014

    Addressing currency manipulation by foreign countries is an alternative route to help combat unfair trade in steel, according to the American Iron and Steel Institute.

  • Timken to restructure aerospace business Sep 09, 2014

    Timken Co. is restructuring its underperforming aerospace business in a series of moves that will involve closing its United Kingdom bearing plant and discontinuing reporting the segment’s operating results.

  • SDI finalizes $1.2B note offering Sep 09, 2014

    Steel Dynamics Inc. (SDI) has garnered $1.2 billion from a recent issuance of debt securities.

  • US steel mill shipments up in July Sep 09, 2014

    U.S. steel mill shipments increased in July, buoyed by stronger deliveries of hot-rolled sheet, according to data from the American Iron and Steel Institute (AISI).

  • Dearborn buy to boost AK balance sheet: S&P Sep 09, 2014

    AK Steel Corp.’s planned $700-million acquisition of OAO Severstal’s flat-rolled steel mill in Dearborn, Mich., should boost its balance sheet, Standard & Poor’s Ratings Services (S&P) said.

  • Big River seeks extension in Nucor suit Sep 09, 2014

    Big River Steel LLC is asking for a four-week extension to respond to a lawsuit filed by Nucor Corp. that seeks to halt its $1.3-billion steel mill project near Osceola, Ark.

  • New-breed auto steels offset costs: SMDI Sep 09, 2014

    Advanced high-strength steels such as ArcelorMittal SA’s recently unveiled Fortiform will allow automakers to avoid costly powertrain technology and still boost fuel economy, according to the Steel Market Development Institute (SMDI).

  • US raw steel production dips 1.5 percent Sep 09, 2014

    U.S. raw steel output totaled an estimated 1,885,000 net tons last week, down 1.5 percent from 1,913,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.4 percent.

  • CSI closes galvanized order book Sep 08, 2014

    California Steel Industries Inc. (CSI) has filled its October galvanized sheet production capacity.

  • Valbruna files complaint over trade secrets Sep 08, 2014

    Valbruna Stainless Inc. and Valbruna Slater Stainless Inc. have filed a trade complaint with the U.S. International Trade Commission against stainless steel products from Germany, India and Taiwan.

  • Banker Wire sued for alleged design theft Sep 08, 2014

    Wire mesh maker C.I. Banker Wire & Iron Works Inc. has been accused of stealing trade secrets from Holland LP.

  • Calls to end Russia deal deemed unheeded Sep 08, 2014

    Large quantities of Russian hot-rolled coil may continue to flow into U.S. ports despite pressure by domestic steelmakers to scrap a longstanding agreement suspending anti-dumping duties on flat-rolled steel imports from Russia.

  • Neenah Foundry seeking new scrap buyer Sep 08, 2014

    Neenah Enterprises Inc. is seeking a new scrap buyer following the departure of Jurgen Zirnstein, vice president of procurement.

  • Great Lakes iron ore shipments surge in Aug. Sep 08, 2014

    Great Lakes iron ore shipments jumped last month as higher water levels allowed vessels to carry heavier loads.

  • Ford's F-150 raw material costs may double Sep 08, 2014

    The cost of raw materials for Ford Motor Co.’s new aluminum-intensive F-150 pickup could more than double from its existing steel-heavy model, according to one analyst’s estimate.

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