Steel

  • Steel mill shipments falter in June vs. May Aug 12, 2014

    U.S. steel mill shipments were mixed in June, falling month on month but rising compared with the same month last year, according to data from the American Iron and Steel Institute (AISI).

  • US raw steel production slips 0.3 percent Aug 12, 2014

    U.S. raw steel output totaled an estimated 1,896,000 net tons last week, down 0.3 percent from 1,901,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.8 percent.

  • TimkenSteel hiking SBQ products Aug 11, 2014

    TimkenSteel Corp. is raising base prices on special bar quality (SBQ) products by $40 per ton and on quench and temper bar products above 9 inches by $60 per ton effective with shipments Sept. 1.

  • AK Steel to save $100M in pension costs Aug 11, 2014

    AK Steel Corp. expects to save $100 million over the next two years in reduced pension fund obligations due to legislative tweaks within the recently passed federal Highway and Transportation Funding Act.

  • Uncertainty in Turkey as geopolitics roils marts Aug 11, 2014

    Uncertainty prevails in the Turkish steel and scrap markets as geopolitical events in the region could send prices for finished products and raw materials in any direction.

  • Gallatin shutting down for maintenance in Sept. Aug 11, 2014

    Gallatin Steel Co.’s production facility in Ghent, Ky., will shut down for maintenance next month, AMM has learned.

  • Cold-rolled case may be filed soon: analysts Aug 11, 2014

    A rumored trade case against cold-rolled and galvanized steel imports could be filed as early as Labor Day weekend, according to an Aug. 11 research note by analysts at New York-based Morgan Stanley Research America.

  • Nucor files suit vs. Big River Steel project Aug 11, 2014

    Nucor Corp. is making another attempt to halt Big River Steel LLC’s $1.3-billion steel mill project near Osceola, Ark.

  • Nucor lifts mesh products $40/T Aug 11, 2014

    Nucor Corp. has increased prices for all mesh products by $40 per ton ($2 per hundredweight) effective with new orders Aug. 11.

  • Insteel to buy ASW’s PC strand assets for $36M Aug 11, 2014

    Insteel Industries Inc. has reached a deal to purchase the assets of American Spring Wire Corp.’s (ASW’s) prestressed concrete (PC) strand business for $36 million.

  • Evraz not mulling N. America asset sale: Winkler Aug 11, 2014

    Evraz Group SA is not mulling a sale of its North American facilities, a top company executive said.

  • US drilling climbs, Canada falls Aug 11, 2014

    The number of oil rigs running in the United States increased by 19 last week.

  • Food sanctions threaten Russia steel deal: AIIS Aug 08, 2014

    An agreement suspending U.S. anti-dumping duties on some Russian flat-rolled steel shipments could be "in more significant jeopardy" after Russia announced agricultural sanctions, according to the American Institute for International Steel (AIIS).

  • Haynes eyes upturn as volumes strengthen Aug 08, 2014

    Haynes International Inc. is "starting to see signs of an upturn in the marketplace" amid strengthening volumes and longer lead times.

  • US steel mill product exports mixed Aug 08, 2014

    U.S. steel exports were mixed in June, rising from the previous month on the back of higher hot-rolled sheet, line pipe and stainless steel shipments but falling from a year earlier.

  • ArcelorMittal locks out workers at Canada plant Aug 08, 2014

    Some 285 unionized workers have been locked out of ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, after they rejected a final contract offer Aug. 6.

  • Sheet steel prices increase in busy summer Aug 08, 2014

    Sheet steel prices edged up this past week as domestic mills continued to drive for higher prices and some buyers reported stronger-than-usual summer activity.

  • Nucor to lift coating extras due to zinc costs Aug 08, 2014

    Nucor Corp. plans to increase galvanizing coating weight extras effective with orders acknowledged to ship the week ending Oct. 11, the Charlotte, N.C.-based steelmaker said according to an Aug. 7 letter to customers, citing zinc costs.

  • Market sees SBQ price hike sticking Aug 08, 2014

    Participants in the special bar quality (SBQ) market largely expect a $40-per-ton price increase for September deliveries, which was followed by most domestic mills, to stick. However, there was some grumbling about mills raising prices when supply has been curtailed by operational issues at some producers.

  • Steel beam imports set to hit year high in July Aug 07, 2014

    Steel beam imports are poised to hit their highest monthly total for the year in July after declining in June.

  • Indiana, Chicago follow national scrap trends Aug 07, 2014

    Steel mills in Indiana and the Chicago area have completed a majority of their scrap buying programs for August at similar trends to those in most regional markets this month.

  • NLMK upbeat on steel demand, prices Aug 07, 2014

    Novolipetsk Steel (NLMK) expects U.S. steel demand to remain strong and prices to be “relatively stable” in the third quarter, it said in commentary released with earnings data

  • Warren restarts steelmaking operations Aug 07, 2014

    Warren Steel Holdings LLC has restarted operations after receiving approval for a lower power rate last month from Ohio regulators.

  • OCTG adding heat-treat facility Aug 07, 2014

    Energy tubular finisher OCTG LLP is adding a heat-treatment facility at its Houston location, according to a company statement.

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