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U.S. imports of oil country tubular goods (OCTG) rose in March compared with February in what sources said is still a soft market.
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The steel wire and steel wire rod industry has emerged from its worst years, but business continues to hum along at a mediocre level, attendees at the Interwire trade exposition in Atlanta told AMM, indicating they are lukewarm about the state of the market.
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NLMK USA is planning to temporarily idle one of its galvanizing lines in Sharon, Pa., "in order to balance current production with marketplace demand," according to an April 24 letter to customers.
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Discussions for longer-term supply of oil country tubular goods (OCTG) have finally started to kick off after buyers waited longer than usual to initiate negotiations this year, market sources told AMM.
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Stainless steel producer Outokumpu Oyj saw first-quarter earnings fall 80 percent compared with a year earlier as weak economic conditions weighed on prices.
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Universal Stainless & Alloy Products Inc. expects operating earnings and net income to be at "breakeven level" in the first quarter on sales of approximately $49 million.
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Steel Dynamics Inc. (SDI) will spend $7.8 million to upgrade its galvanizing line in Jeffersonville, Ind., in a move that could see the facility’s capacity climb by between 50,000 and 70,000 tons of coated steel products annually.
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Graphite electrode maker GrafTech International Ltd. has lowered its earnings guidance for 2013 by about 5 percent as a result of lower-than-expected global demand from steelmakers, the Parma, Ohio-based company said April 25 as it reported a sharp decline in first-quarter results.
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Steel Dynamics Inc. (SDI) has promoted three veteran sales and marketing executives in its flat-rolled steel division.
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U.S. Steel Corp.’s Lake Erie Works intends to lock out unionized workers at 9 a.m. April 28 as labor negotiations between the two parties have failed.
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Timken Co. will be able to operate profitably in a weak demand environment and with relatively low capacity utilization by investing in new equipment that both increases efficiency and raises the quality of its steel bar products, the company says.
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Primary and fabricated metals shipments and new orders all improved strongly in March compared with the previous month, while inventories were mixed.
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The U.S. State Department’s supplemental environmental impact statement (DSEIS) on TransCanada Corp.’s rerouted Keystone XL pipeline "strengthened the analysis presented to date" but did not adequately address potential risks, according to the federal Environmental Protection Agency.
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Citing a ministerial error in an anti-dumping duty administrative review of steel nails from China from April 1, 2010, to July 31, 2011, the Commerce Department’s International Trade Administration has revised the weighted-average dumping margins.
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Vale SA has dropped its multibillion-dollar Simandou iron ore project in Guinea from its project list as its underlying first-quarter earnings fell 10.1 percent year on year to $3.19 billion despite lower costs and expenses.
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A large north American vehicle manufacturer will use ArcelorMittal SA’s steels in its lightweight vehicles, Prabhat Rastogi, the steelmaker’s worldwide sales and marketing manager, said April 24.
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Allegheny Technologies Inc. (ATI) saw its first-quarter net income plunge 82.2 percent to $10 million from $56.2 million in the same period last year on sales that fell 12.8 percent to $1.18 billion as a result of lackluster demand from its major end-market sectors.
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The Mexican steel industry is expected to see investments totaling $11.5 billion between 2013 and 2015, local steel association Canacero announced this week.
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Distributor selling prices for oil country tubular goods (OCTG) fell to a 13-month low in April, according to Pipe Logix Inc.
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Pipemaker Corinth Pipeworks SA has announced plans to build a large-diameter pipe mill that will produce 400,000 tons of longitudinal submerged-arc welded (LSAW) pipe annually.
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CHICAGO — Timken Co.’s net income plunged year on year in the first quarter, but the company managed to sustain double-digit operating margins despite low levels of capacity utilization, the company’s top executive said.
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Wire producers Davis Wire Corp. and Insteel Industries Inc. have filed an anti-dumping duty petition with the Commerce Department and the U.S. International Trade Commission alleging that imports of pre-stressed concrete (PC) steel rail tie wire from China, Mexico and Thailand are hurting the domestic market.
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Outokumpu Stainless USA LLC has lowered its surcharges on most stainless steel grades for May.
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Arch Coal Inc. posted a first-quarter net loss of $70 million in contrast to net income of $1.2 million in the same period last year on revenue that fell 20.6 percent to $825.5 million from nearly $1.04 billion.