Steel

  • Severstal closes sale of N. American assets Sep 16, 2014

    OAO Severstal has completed the sale of its North American operations to Steel Dynamics Inc. (SDI) and AK Steel Corp., the companies announced Sept. 16.

  • Vale Manitoba workers support labor deal Sep 16, 2014

    Vale SA’s Manitoba unit has reached a five-year collective bargaining agreement with the United Steelworkers union.

  • US raw steel production edges 0.2% lower Sep 16, 2014

    U.S. raw steel output totaled an estimated 1,882,000 net tons last week, down 0.2 percent from 1,885,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.2 percent.

  • Rebar mills warn of job losses, falling prices Sep 16, 2014

    U.S. rebar producers and fabricators warned of potential job losses and declining prices at a Sept. 15 International Trade Commission (ITC) hearing involving imports of the product from Turkey and Mexico.

  • Applebaum joins NW Pipe board Sep 16, 2014

    Retired steel industry analyst Michelle Applebaum has been elected to Northwest Pipe Co.’s board of directors.

  • W. Coast structural tubing still facing squeeze Sep 15, 2014

    West Coast structural steel tubing prices continue to be pressured by a slowing pace of mill bookings and steep import discounts.

  • AK Steel to sell additional shares Sep 15, 2014

    Underwriters for AK Steel Holding Corp.’s recent stock offering have exercised an option to purchase a further 5.25 million shares.

  • Canada's preliminary rebar margins rise Sep 15, 2014

    The Canada Border Services Agency (CBSA) has set steep preliminary anti-dumping margins in an ongoing trade case against rebar imports from China, South Korea and Turkey.

  • Nucor to buy Gallatin Steel for $770M Sep 15, 2014

    Nucor Corp. has signed an agreement to acquire all of Gallatin Steel Co.’s equity for $770 million in cash, the company said Sept. 15.

  • Steel projects in South seen raising scrap costs Sep 15, 2014

    The construction of two steel mills in the southeastern United States could mean higher raw material prices and steeper freight costs for other producers in the area.

  • Threaded rod producers challenge ITC ruling Sep 15, 2014

    U.S. producers of steel threaded rod have appealed an International Trade Commission (ITC) determination that imports of Indian material are not harming the domestic industry.

  • US drilling rises, Canada falls Sep 15, 2014

    The number of drill rigs running in the United States increased by six last week.

  • US merchant DRI market facing obstacles Sep 13, 2014

    The development of an open merchant market for direct-reduced iron (DRI) and hot-briquetted iron (HBI) faces serious hurdles due to fragmented demand and high costs of entry, one raw materials specialist said.

  • North American DRI pellet opportunities eyed Sep 13, 2014

    Mining giant Vale SA is mulling an investment and expansion in the North American direct-reduced grade iron ore pellet market as it seeks to strengthen its supply link to U.S. direct-reduced iron (DRI) facilities.

  • US rebar prices seen set to deflect trade ruling Sep 12, 2014

    A decision by the U.S. Commerce Department’s International Trade Administration not to impose dumping duties on imports of Turkish rebar is unlikely to have an immediate negative effect on domestic rebar prices.

  • Steel plate prices fall as demand weakens Sep 12, 2014

    Plate prices have pulled back as market sources reported that a recent price increase has proven increasingly difficult for consumers to pass on to downstream buyers.

  • Sheet prices steady as demand wavers Sep 12, 2014

    Sheet prices held steady over the past week despite spotty reports of discounting and expectations among some steel buyers of lower tags in coming weeks.

  • Anglo American to idle Peace River met coal ops Sep 12, 2014

    Anglo American Plc is planning to place its 1.5-million-tonne-per-year Peace River coking coal operations in British Columbia on care and maintenance at year-end

  • Resources needed to probe trade cases: USW Sep 12, 2014

    The United Steelworkers union is urging the U.S. Commerce Department to use more resources to investigate dumping cases, citing the recently completed rebar case as an example of an unsatisfactory probe

  • Schnitzer exec drafts a ‘to-do’ list for D.C. Sep 12, 2014

    Lawmakers in the United States need to embrace three areas to foster a healthier economic climate, according Schnitzer Steel Industries Inc.’s top executive.

  • Nucor promoting Sumoski to executive vice president Sep 11, 2014

    Nucor Corp. is promoting Dave Sumoski to executive vice president of engineered bar products effective Sept. 14.

  • Beam prices steady, as mill stocks build Sep 11, 2014

    Prices for wide-flange beams remain steady despite what some buyers report as a buildup in steel mill floor stocks and the beginning of a year-end slowdown in purchasing by some service centers.

  • Severstal assets sale seen closing within days Sep 11, 2014

    OAO Severstal’s $2.33-billion sale of its U.S. assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. is expected to close as soon as Sept. 15, market sources said.

  • Vallourec Star facing OSHA fines for alleged violations Sep 11, 2014

    Vallourec Star LP is facing $94,000 in penalties for alleged safety violations at its Youngstown, Ohio, facility.

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