Steel RSS

  • TMK Ipsco inks labor deal in Pa. Jun 24, 2014

    TMK Ipsco has reached a new labor deal with unionized workers at its steel operations in Koppel and Ambridge, Pa., the company said June 23.

  • Siemens EF delivers promising test results Jun 23, 2014

    Siemens VAI Metal Technologies GmbH & Co.’s Simetal Quantum electric-arc furnace (EF) technology is off to a strong start in initial hot tests in Mexico, according to chief technology officer Andreas Flick.

  • Severstal will buy RG’s stake in MSC for $30M Jun 23, 2014

    Severstal US Holding LLC has agreed to purchase bankrupt RG Steel LLC’s stake in coke producer Mountain State Carbon LLC (MSC) for $30 million.

  • Cliffs attacks Casablanca’s strategy Jun 23, 2014

    Cliffs Natural Resources Inc. has pushed back against activist investor Casablanca Capital LP, criticizing the hedge fund’s leadership candidate and its corporate vision for the iron ore producer.

  • World steel output up in May; utilization falls Jun 23, 2014

    Global crude steel production totaled 141 million tonnes in May, up 2.2 percent from the same month last year, according to the latest World Steel Association data.

  • Rising demand could spur US flat-rolled capacity Jun 23, 2014

    Rising U.S. steel demand and the likelihood that some integrated producers may be unable to keep pace could spur an additional 4 million to 6 million tons of domestic flat-rolled capacity, according to two steel analysts.

  • Essar Steel Minn. looks to restructure debt Jun 23, 2014

    Essar Steel Minnesota LLC is proposing changes to its $450 million in senior secured notes, it said June 23.

  • Essar, union reach tentative deal Jun 23, 2014

    Flat-rolled steel producer Essar Steel Algoma Inc. has reached a tentative agreement with unionized workers at its Sault Ste. Marie, Ontario, facility.

  • Magnetation ships iron ore cargo Jun 23, 2014

    Magnetation LLC has shipped its first load of iron ore concentrate from near Grand Rapids, Minn., to a pellet plant under construction in Reynolds, Ind.

  • Voestalpine wins EPA final permit for HBI, DRI plant Jun 23, 2014

    Voestalpine AG has been issued a final greenhouse gas permit by the U.S. Environmental Protection Agency for a 2-million-tonne-per-year hot-briquetted iron (HBI) and direct-reduced iron (DRI) facility in Corpus Christi, Texas.

  • US, Canadian drilling increases Jun 23, 2014

    The number of drill rigs running in the United States rose by four last week.

  • Price hikes, lead times propel plate products Jun 20, 2014

    Plate prices are on the rise as increases announced by domestic mills take effect for new orders and lead times continue to push out.

  • Long products quiet ahead of lower July tags Jun 20, 2014

    The long products market has remained quiet since early to mid-June as domestic wire rod buyers anticipate a significant price decline for July shipments and end markets remain solid but unremarkable.

  • Pipe and tube demand hits lull Jun 20, 2014

    Participants in the pipe and tube markets reported sluggish market sentiment this past week, despite expectations that pent-up demand from the long winter would buoy shipments.

  • Steel sheet prices mixed; outlook split Jun 20, 2014

    Hot-rolled prices held steady this past week despite widespread expectations for a decline, while cold-rolled tags edged down on continued import competition.

  • TimkenSteel bullish on 2014 earnings Jun 20, 2014

    TimkenSteel Corp., which is slated to be spun off from Timken Co. on June 30, expects earnings to climb 20 to 25 percent this year compared with revenue from the combined firm’s steel segment in 2013, the company said June 19.

  • Nucor expects 2d-qtr. earnings to stay firm Jun 20, 2014

    Nucor Corp. expects second-quarter earnings to be roughly in line with first-quarter results as losses at the company’s direct-reduced iron plant are offset in part by stronger demand for steel sheet and plate as well as an improving nonresidential construction market.

  • AMM Steel Excellence Award winners named Jun 20, 2014

    AMM presented 15 Awards for Steel Excellence to 13 companies and one individual at a June 17 dinner in New York celebrating best-in-class initiatives that have introduced real and quantifiable change to the steel industry.

  • Scrap won’t play major role in China until ’25: Vale exec Jun 20, 2014

    Vale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets.

  • MMFX hires sales manager to boost Northeast presence Jun 20, 2014

    High-strength rebar company MMFX Steel Corp. of America has hired a regional sales manager to expand its presence in the northeastern United States.

  • Senator presses Commerce to penalize unfair steel trade Jun 20, 2014

    Sen. Sherrod Brown (D., Ohio) is urging the Commerce Department to impose anti-dumping and countervailing duties on countries that dump steel in the U.S. market.

  • AK Steel’s Wainscott receives Vision Award Jun 20, 2014

    James L. Wainscott, chairman, president and chief executive officer of AK Steel Corp., received the 2014 Willy Korf/Ken Iverson Steel Vision Award during the Steel Success Strategies XXIX conference in New York this past week.

  • AK Steel expecting 2d-qtr. loss Jun 20, 2014

    AK Steel Corp. expects to post a second-quarter loss due to the lingering effects of severe winter weather and flat overall prices.

  • Commerce probes steel nail imports Jun 20, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has initiated dumping and subsidy investigations into imports of certain steel nails from India, Malaysia, Oman, South Korea, Taiwan, Turkey and Vietnam.

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