Steel RSS

  • Gelwicks to succeed Snyder at helm of Hickman, Williams Jun 14, 2013

    Hickman, Williams & Co. president and chief executive officer William A. Snyder plans to retire Oct. 1. He will be succeeded by David Gelwicks, chief operating officer and vice president.

  • Cliffs, Algoma extend iron ore pellet deal Jun 14, 2013

    Cliffs Natural Resources Inc. has extended its iron ore pellet sales contract with Sault Ste. Marie, Ontario, flat steel producer Essar Steel Algoma Inc. to 2024. The agreement had been due to expire in 2016.

  • ArcelorMittal appoints Scotting mining chief Jun 14, 2013

    ArcelorMittal SA has appointed Bill Scotting as chief executive officer of its mining business. He replaces Peter Kukielski, who has resigned.

  • Scrap price bounce may boost steel: Irepas Jun 13, 2013

    Steel producers in Turkey hope that a possible recovery in raw material prices will trigger a similar uptick in the finished steel market, if only in sentiment.

  • Wheatland, Allied hike fence product prices Jun 13, 2013

    Two domestic mills have raised fence prices as a result of a strengthening flat-rolled steel market.

  • Allied Tube & Conduit makes management changes Jun 13, 2013

    Allied Tube & Conduit Corp. has reshuffled its executive team.

  • Second round of flat-rolled steel hikes begins Jun 13, 2013

    At least two major domestic steel mills have increased published sheet prices in a move that market players expect will gain industrywide support.

  • Nucor predicts year-on-year earnings decline Jun 13, 2013

    Nucor Corp. said it expects to see its second-quarter earnings hold largely unchanged from the first quarter but decline from the year-ago period as weak performance in the sheet and structural steel markets is partially offset by stronger plate and raw materials sectors.

  • Webco posts another sharp decline in quarterly results Jun 13, 2013

    Webco Industries Inc. posted a sharp drop in sales and earnings in its fiscal third quarter as it once again experienced lower volume, a less-favorable product mix and weak spot pricing.

  • ITC votes to keep dumping duties on rebar Jun 13, 2013

    The U.S. International Trade Commission voted in the affirmative in a five-year sunset review of anti-dumping duties on steel concrete reinforcing bar from seven nations.

  • China's finished steel exports fall 2.5% in May vs. April Jun 13, 2013

    China’s finished steel exports totaled 5.41 million tonnes in May, down 2.5 percent month on month from 5.55 million tonnes, according to preliminary Chinese customs data.

  • Brazil concludes probe vs. refractory materials from US Jun 13, 2013

    The Brazilian government has ended an anti-dumping investigation into imports of refractory materials from the United States due to insignificant import volumes.

  • Vallourec marks opening of new OCTG mill Jun 12, 2013

    Vallourec SA held the official opening of its new small-diameter oil country tubular goods (OCTG) mill in Youngtown, Ohio, June 12.

  • Steel sheet market wary of summer slowdown Jun 12, 2013

    U.S. sheet market participants continue to report stable buying activity this week, but some are wary about the onset of the traditional summer slowdown.

  • Universal’s NY plant Nadcap accredited Jun 12, 2013

    Universal Stainless & Alloy Products Inc. has attained heat-treat accreditation at its Dunkirk, N.Y., specialty steel facility from the National Aerospace and Defense Contractors Accreditation Program (Nadcap).

  • Union pension fund sues RG for $6.34 million Jun 12, 2013

    A union pension fund is suing RG Steel Holdings LLC for some $6.34 million related to pension payments around the time of the defunct steelmaker’s bankruptcy.

  • Hot-rolled imports halt as cold-rolled flows in Jun 12, 2013

    Traders selling foreign hot-rolled steel into the U.S. market are hoping that the recent price increases by U.S. mills, coupled with domestic labor issues and outages, will revive the lackluster importing sector.

  • ITC to vote in rebar dumping review Jun 12, 2013

    The U.S. International Trade Commission is scheduled to vote June 13 in a five-year review of anti-dumping duties on steel concrete reinforcing bar from seven countries.

  • Deacero nears inauguration of new steel plant in Mexico Jun 12, 2013

    Mexican long steel products producer Deacero SA de CV plans to inaugurate its new plant in the northern state of Coahuila soon.

  • Brazil pig iron exports slide 55.9% year on year in May Jun 12, 2013

    Brazilian pig iron exports plummeted to 100,130 tonnes in May, down 55.9 percent year on year from 227,062 tonnes, due to a weaker international market for the scrap substitute product, according to data from the country’s foreign trade ministry, MDIC.

  • Evraz NA’s Rehwinkel to retire; Winkler tapped Jun 11, 2013

    Michael T. Rehwinkel will retire as president and chief executive officer of Evraz Inc. North America effective July 1, the steelmaker said June 11.

  • Steel beam demand said in holding pattern Jun 11, 2013

    The structural steel market continues to tread sideways, with most buyers anticipating a holding pattern through the third quarter and possibly until the end of the year.

  • ITA launches probe of stainless pressure pipe imports Jun 11, 2013

    The Commerce Department’s International Trade Administration (ITA) has initiated an anti-dumping duty investigation into imports of welded stainless pressure pipe from Malaysia and Thailand from April 1, 2012, to March 31, 2013, and from Vietnam from Oct. 1, 2010, to March 31, 2013.

  • ITA assesses dumping margins on Korean steel pipe Jun 11, 2013

    The Commerce Department’s International Trade Administration (ITA) has issued the final results of an anti-dumping duty administrative review of imports of circular-welded nonalloy steel pipe from South Korea from Nov. 1, 2010, to Oct. 31, 2011.

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What is causing the most weakness to the U.S. metals industry?

Imports
Stagnant non-residential construction demand
Sequestration and government cuts
Global uncertainty, particularly in Europe
Too many suppliers chasing too few orders


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