Steel RSS

  • Severstal sues Mechel over settlement May 13, 2014

    Russian metal and mining companies OAO Severstal and OAO Mechel will square off in court over allegations by Severstal that Mechel failed to make a payment related to a confidential settlement and breached a coal supply agreement.

  • Great Lakes still troubled by ice in April as shipments fall May 13, 2014

    April may have brought warmer temperatures to much of the United States, but it provided little relief to cargo ships on the Great Lakes.

  • Stainless steel prices get lift from LME nickel gain May 13, 2014

    Stainless steel prices have risen in May despite failed price increases from major domestic producers AK Steel Corp. and Allegheny Technologies Inc. (ATI), with higher raw material surcharges driven by rapidly escalating London Metal Exchange nickel prices.

  • US raw steel production at seven-week high May 13, 2014

    U.S. raw steel output totaled an estimated 1,843,000 net tons last week, up 1.5 percent from 1,815,000 tons the previous week, as mills operated at an average capacity utilization rate of 76.6 percent. It was the highest level since the week ended March 22, when mills produced 1,885,000 tons at an average capacity utilization rate of 78.4 percent.

  • Severstal Dearborn a harder sell: analysts May 13, 2014

    As speculation swirls about who might buy Severstal North America Inc.’s operations, some analysts questioned the wisdom of investing in U.S. steelmaking assets, given increased imports, low capacity utilization and threats from competing materials in the automotive arena.

  • Supply pushes Midwest scrap prices down May 12, 2014

    A disconnect between demand from Midwest steel mills for obsolete scrap and increased supply resulted in retreating prices this month that erased any gains recorded in April.

  • Gerdau’s beam price hike seen as first step May 12, 2014

    Gerdau Long Steel North America’s move to increase transaction prices on beam products by $20 per ton ($1 per hundredweight) is seen as the first step in what most buyers believe will be a gradual move to raise published prices on this key structural steel product.

  • Harsco earnings rise in qtr.; upbeat on nickel, steel prices May 12, 2014

    Harsco Corp. expects business conditions to improve during the year and is encouraged by the recent firming of nickel and steel prices.

  • Nucor’s Conn. mill lifts mesh prices $30/T May 12, 2014

    Nucor Corp.’s rebar and wire rod mill in Wallingford, Conn., is raising prices for mesh products by $30 per ton ($1.50 per hundredweight).

  • Johnstown Wire acquired by Aterian affiliate May 12, 2014

    Johnstown Wire Technologies Inc. has been sold to an affiliate of private equity firm Aterian Investment Partners LLC, Aterian said May 12.

  • BMW expanding carbon fiber facility May 12, 2014

    BMW AG plans to triple the capacity of its carbon fiber plant in Moses Lake, Wash., to meet higher demand for lighter-weight components in automotive production.

  • Great Lakes ice plagues iron ore flow in April May 12, 2014

    Iron ore shipments on the Great Lakes remained well below average in April due to heavy ice formations, according to the Lake Carriers’ Association.

  • U.S. Steel leads pipe price increase May 12, 2014

    Domestic seamless line pipe and seamless standard pipe makers have launched a new round of price increases, led by U.S. Steel Corp.’s tubular products division.

  • Gerdau raising merchants $20/T May 12, 2014

    Gerdau Long Steel North America is raising transaction prices on merchant bar products by $20 per ton ($1 per hundredweight) effective with shipments June 2, the company said in a letter to customers.

  • Timken raising SBQ $30 per ton May 12, 2014

    Timken Co. will increase base prices for noncontract orders of all special bar quality (SBQ) products by $30 per ton ($1.50 per hundredweight) effective June 1, the company said May 12.

  • ITC expedites review of stainless pipe import duties May 12, 2014

    The U.S. International Trade Commission (ITC) is expediting its sunset review of countervailing and anti-dumping duty orders on welded stainless steel pressure pipe from China to determine whether revocation of the orders would be likely to lead to a continuation or recurrence of material injury to the U.S. industry within a reasonably foreseeable time.

  • Comment: Mexico, rebar and ‘spirit’ of Nafta May 12, 2014

    Steel producers in the three North American Free Trade Agreement (Nafta) countries share the common goals of enhancing the competitiveness of the North American steel industry while also ensuring fair trade and improving customs enforcement along Nafta borders.

  • US drilling steady, Canada falls May 12, 2014

    The number of drill rigs operating in the United States was virtually unchanged last week.

  • Severstal NA on sales block May 12, 2014

    Severstal North America Inc. is up for sale after a bidding process officially kicked off last week, capping months of speculation that the steelmaker might be on the auction block, sources familiar with the matter told AMM.

  • Sheet, plate tags hold in mill-buyer tug-of-war May 09, 2014

    Sheet steel prices have held steady as mills push for further increases while buyers, concerned prices might dip, hold off on making purchases despite lean inventories.

  • W. Coast tubing hikes said taking hold May 09, 2014

    Optimism is growing on the West Coast that a structural steel tubing hike is taking hold, as market sources now look for signs it can be sustained.

  • Haynes sees volatile order pattern amid rising nickel prices May 09, 2014

    Haynes International Inc. has seen a see-saw order pattern following the recent nickel price run-up, with an initial boost in March followed by a dip in April, according to the company’s top executive.

  • Steel ‘in battle’ in automotive: ArcelorMittal May 09, 2014

    Advanced high-strength steels are regaining market share in automotive applications that previously favored aluminum, ArcelorMittal SA executives said.

  • ArcelorMittal hit by weather woes in US May 09, 2014

    Harsh winter weather in North America has cost ArcelorMittal SA $350 million so far in 2014 and forced the steelmaker to focus its efforts on contract rather than spot business in the first quarter, executives said May 9.

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