Steel RSS

  • ITC considers revoking anti-dumping duties Feb 28, 2014

    The U.S. International Trade Commission (ITC) is initiating a review to determine whether revoking anti-dumping duty orders on certain steel threaded rod and malleable iron pipe fittings from China would likely lead to a continuation or recurrence of material injury to the domestic industry.

  • Steel faces challenges in auto: Shiloh chief Feb 28, 2014

    Despite a push by the steel industry toward making lighterweight components for the automotive market, steel manufacturers have their "work cut out for them," especially as aluminum applications continue to capture additional market share, Ramzi Y. Hermiz said.

  • Arch Coal’s Leer to step down as chairman Feb 28, 2014

    Arch Coal Inc. chairman Steven F. Leer will retire from the company’s board following a shareholders’ meeting April 24.

  • Former TK plant renamed AM/NS Calvert Feb 28, 2014

    Just days after the financial close of ThyssenKrupp AG’s Calvert, Ala., facility, joint buyers ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corp. (NSSMC) have renamed the facility AM/NS Calvert.

  • Sheet prices slide amid market nervousness Feb 27, 2014

    U.S. steel sheet pricing softened this week as market participants remained nervous about the effects on domestic tags of cold weather, falling raw material costs and imports.

  • ArcelorMittal USA to absorb Calvert sales team Feb 27, 2014

    ArcelorMittal USA LLC said it will incorporate ThyssenKrupp AG’s Calvert, Ala., sales team into its sales and marketing team as a means of providing "one face to the customer" following the close of its financial deal.

  • Acerinox touts N. America market strength Feb 27, 2014

    North American Stainless Inc. (NAS) parent company Acerinox SA touted growing stainless steel output and consumption in its Americas operations in 2013 as signs of "the strength of the North American economy and the efficiency of its energy and reindustrialization policies," according to the company.

  • SeAH Steel Vina asks ITA to reconsider OCTG margin Feb 27, 2014

    SeAH Steel Vina Corp., a subsidiary of Vietnam-based SeAH Steel Corp., has asked the Commerce Department’s International Trade Administration (ITA) to recalculate preliminary anti-dumping margins levied against the firm, saying that they may effectively end its participation in the U.S. oil country tubular goods (OCTG) market.

  • Cliffs in revised ArcelorMittal pellet deal Feb 27, 2014

    Cliffs Natural Resources Inc. has entered into a revised commercial agreement with ArcelorMittal USA LLC to supply iron ore pellets for an additional two years, with a mutual option for a third year.

  • WTO forms panel in China GOES dispute Feb 27, 2014

    The World Trade Organization’s Dispute Settlement Body (DSB) has established a compliance panel to study anti-dumping and countervailing duties imposed by China on flat-rolled grain-oriented electrical steel (GOES) from the United States.

  • Seamless margins in OCTG case ‘pretty high’: Vallourec Feb 27, 2014

    Domestic seamless oil country tubular goods (OCTG) producers got the better end of the U.S. Commerce Department’s preliminary decision in an anti-dumping case against nine countries, although low margins on some large welded tube manufacturers are expected to pressure overall pricing in the short term, Vallourec SA chairman Philippe Crouzet said during the company’s fourth-quarter earnings conference call.

  • Container scrap prices tick up on West Coast Feb 27, 2014

    A modest recovery in prices of containerized ferrous scrap exported to countries like Taiwan has brought some optimism to an otherwise bearish market eager for any positive cue.

  • Turkey still major source of US rebar imports Feb 27, 2014

    Nearly two-thirds of rebar volumes scheduled to hit U.S. shores in January were from Turkey, according to preliminary data from the U.S. Commerce Department’s Enforcement and Compliance division.

  • Value-added sales lift Severstal NA results Feb 27, 2014

    OAO Severstal’s North American operations saw a boost in fourth-quarter revenue compared with the previous quarter, led by strong sales in its high-value-added products, according to the Russian steelmaker.

  • OCTG sentiment wanes as prices sag to 37-month low Feb 27, 2014

    Oil country tubular goods (OCTG) distributor sentiment fell in February compared with the previous month as prices slid to a 37-month low.

  • ITA postpones electrical steel determination Feb 27, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has postponed to May 2 its preliminary determination in an anti-dumping duty investigation of grain-oriented electrical steel from seven nations.

  • AK Steel claims NOES import surge by China, S. Korea Feb 27, 2014

    AK Steel Corp. has filed critical circumstances allegations against non-oriented electrical steel (NOES) imports from China and South Korea, according to a Feb. 25 filing with the Commerce Department’s Enforcement and Compliance division.

  • Clarification: Turkish rebar import prices below US Feb 26, 2014

    An article in the Feb. 24 issue indicated a price spread between imported Turkish reinforcing bar and domestic product. AMM’s rebar import price, which is c.i.f. Port of Houston, doesn’t take into account unloading costs or profit margins, while the domestic price is assessed f.o.b. Midwest mill.

  • USW local president ‘happy’ with AK Steel labor accord Feb 26, 2014

    A new three-year labor deal between the United Steelworkers union and AK Steel Corp. is "a positive move" for union members at the company’s Mansfield Works in Ohio, USW Local 169 president Brian Speelman told AMM.

  • Legal wrangling continues over XL pipeline route in Neb. Feb 26, 2014

    Legal wrangling over the route of TransCanada Corp.’s proposed Keystone XL pipeline through Nebraska continues, with both sides claiming temporary victory.

  • ITA increases dumping margin on Thai pipe Feb 26, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has amended its preliminary determination on imports of welded stainless pressure pipe from Thailand.

  • Steel imports rise 26.6 percent in January Feb 26, 2014

    U.S. steel imports hit a more than one-year high in January due to increased foreign volumes for several major product groups, according to preliminary U.S. Census Bureau data.

  • ArcelorMittal, TK close deal for Calvert facility Feb 26, 2014

    ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corp. have closed their deal for ThyssenKrupp AG’s Calvert, Ala., facility, the companies said Feb. 26.

  • Scrap prices poised for another weak month Feb 26, 2014

    Domestic ferrous scrap prices are expected to trend lower in March as lackluster export volumes and anticipated demand continue to tilt supply and demand fundamentals toward consumers.

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