Steel RSS

  • Teck logs lower earnings on weak copper, coal sales Feb 13, 2014

    Teck Resources Ltd.’s copper and coal businesses recorded lower earnings last year as falling prices for all key products hurt the miner’s margins.

  • Deacero seeks suspension accord in rebar case Feb 13, 2014

    Mexican steel producer Deacero SA de CV is seeking a suspension agreement with North American Free Trade Agreement (Nafta) partners to help resolve trade disputes with U.S. steel concrete reinforcing bar producers.

  • China’s daily crude steel output falls in late Jan. Feb 13, 2014

    China’s daily crude steel output fell in late January before the weeklong Chinese New Year holiday.

  • Wisco mill upgrade targets high-strength steel Feb 13, 2014

    Central China’s Wuhan Iron & Steel (Group) Corp. (Wisco) is modernizing the coiler in its No. 2 hot strip mill to expand its range of high-strength steel products.

  • Casablanca Capital backs Goncalves to be Cliffs chief Feb 12, 2014

    Activist hedge fund Casablanca Capital LP is backing Lourenco Goncalves, former chief executive officer of Metals USA Holdings Corp., to fill the open position of chief executive officer at Cliffs Natural Resources Inc.

  • Alpha loss widens in difficult coal market Feb 12, 2014

    U.S. coal producer Alpha Natural Resources Inc. cited challenging coal market conditions for a wider fourth-quarter net loss vs. a year earlier.

  • Timken steel business spinoff plan on track Feb 12, 2014

    Timken Co.’s newly formed subsidiary, TimkenSteel Corp., has filed an initial Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC).

  • Universal's service deal a ‘win-win’: exec Feb 12, 2014

    Universal Stainless & Alloy Products Inc.’s long-term service agreement with Haynes International Inc. is "a win-win for both (companies)," Universal chairman, president and chief executive officer Dennis Oates told AMM.

  • Gallatin, NAS sign natural gas supply deals Feb 12, 2014

    Gallatin Steel Co. and North American Stainless Inc. (NAS) have signed 10-year natural gas service agreements with Carrollton Utilities, Carrollton, Ky., starting in 2016.

  • Correction: Buffalo Armory’s key product passes ballistic requirement Feb 12, 2014

    Due to a reporting error, a story posted to the website Feb. 5 incorrectly stated that Buffalo Armory LLC was affiliated with Klein Steel Service Inc. The companies are separate. Also, John Batiste left Klein Steel to become president and chief executive officer of Buffalo Armory.

  • Pipe, coated items sink US steel exports in Dec. Feb 12, 2014

    U.S. steel mill product exports fell to a more than one-year low in December.

  • Production issues said slowing AK at Ashland Feb 12, 2014

    Production issues at AK Steel Corp.’s Ashland, Ky., facility have reinforced long lead times from the integrated producer, sources familiar with the situation said, as the steelmaker has had to source semi-finished material offshore.

  • Patriot Coal cleans up after Kanawha Eagle slurry spill Feb 12, 2014

    Cleanup work is under way at Patriot Coal Corp.’s processing facility in West Virginia after a coal slurry spill, vice president of investor relations Janine Orf told AMM in an e-mail.

  • Presidents Day holiday notice Feb 12, 2014

    AMM’s offices will be closed Monday, Feb. 17, in observance of Presidents Day, and there will be no issue dated Tuesday, Feb. 18. The New York Mercantile Exchange also is closed Monday. London Metal Exchange prices for Feb. 17 will appear in the Feb. 19 issue.

  • Yorkville mill restart not viable: Bouchard Feb 12, 2014

    The restart of Esmark Inc.’s Yorkville, Ohio, facility is not economical at this time, according to its top executive, James P. Bouchard.

  • ITA favors US producers in China dumping case Feb 12, 2014

    Domestic pipe and tube makers have applauded a final ruling by the Commerce Department’s International Trade Administration (ITA) that unfinished oil country tubular goods (OCTG) made in China and processed in other countries before being shipped to the United States should be subject to the anti-dumping and countervailing duties imposed on Chinese product.

  • Cliffs to idle Wabush Scully by end of qtr. Feb 12, 2014

    Cliffs Natural Resources Inc. will idle its Wabush Scully Mine in Newfoundland and Labrador by the end of the first quarter due to unsustainable costs, the company said in a statement.

  • Train fatality prompts Nucor to halt operations Feb 11, 2014

    Nucor Corp. temporarily suspended operations at its Hickman, Ark., facility Feb. 11 following a train derailment incident that left one dead.

  • Universal eyes 2014 turnaround: Oates Feb 11, 2014

    Universal Stainless & Alloy Products Inc. expects to see "a significant increase in buying" this year as its key aerospace end market emerges from an 18-month cycle of destocking, chairman, president and chief executive officer Dennis Oates told AMM in an interview.

  • WC plate prices up despite cheaper imports Feb 11, 2014

    Commodity carbon steel plate prices continue to rise on the West Coast even though large spreads persist with lower-priced imports.

  • US steel mill shipments rise in December Feb 11, 2014

    U.S. steel mill shipments rose in December, American Iron and Steel Institute data show.

  • Threaded rod anti-dumping duty margins set Feb 11, 2014

    The Commerce Department’s International Trade Administration (ITA) has assessed preliminary anti-dumping duties ranging from 8.63 to 119.87 percent on imports of steel threaded rod from India.

  • Trade case to impact China wire rod: Irepas Feb 11, 2014

    U.S. wire rod producers’ anti-dumping action against wire rod imports from China will force Chinese wire rod exporters to find a new home for their material, according to a short-range outlook by the International Rebar Exporters and Producers Association (Irepas).

  • US protests India’s policy on solar products Feb 11, 2014

    The United States has requested World Trade Organization (WTO) consultations with India on its domestic content requirements for solar cells and solar modules.

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