Steel RSS

  • US steel output surpasses two-month high Feb 11, 2014

    U.S. raw steel output totaled an estimated 1,839,000 net tons last week, climbing 1.9 percent from 1,804,000 tons the previous week to the highest level since mid-November as mills operated at an average capability utilization rate of 76.8 percent.

  • Steel slab imports lose ground in December Feb 11, 2014

    U.S. steel slab imports fell in December from the previous month, with a drop in shipments to Houston-Galveston, Texas, and the Columbia-Snake customs district only partially offset by higher shipments into Mobile, Ala.

  • Electralloy’s Kathy Shumsky retires Feb 11, 2014

    Kathy Shumsky has retired as manager of forged products at specialty and stainless steel melter Electralloy.

  • Arch Coal sells Addcar to UGM Feb 10, 2014

    Arch Coal Inc. has sold mining equipment manufacturer ICG Addcar Systems LLC to UGM Holdings Pty for $21 million as part of an ongoing strategy to divest noncore assets to reduce debt, it said Feb. 10.

  • Beams said less vulnerable to price weakening Feb 10, 2014

    A recent unexpectedly steep drop in a preliminary benchmark scrap price still leaves beams less vulnerable to price weakening than other parts of the long products market, steel buyers said.

  • Steel set for rebound in 2014: Bradford Feb 10, 2014

    Despite a definite chill in the air late last week in West Central Florida, veteran steel analyst Charles Bradford’s outlook for this year’s steel industry was generally sunny during the 25th annual Tampa Steel Conference held Feb. 6-7 in Tampa.

  • Midwest ferrous scrap prices sink in Feb. Feb 10, 2014

    Midwest ferrous scrap prices plummeted this month as mill buyers welcomed a push by exporters to send domestic prices down.

  • Nucor SBQ hike may offset raw material extra Feb 10, 2014

    Despite a base price increase by Nucor Corp., bar pricing likely will stay level next month, according to carbon and alloy engineered bar buyers, who said they likely won’t adjust their order volumes.

  • CarTech to open production facility in China Feb 10, 2014

    Carpenter Technology Corp. will open its first Chinese production facility in the "early summer," according to a senior executive at the specialty and premium alloy producer.

  • Xinergy boosts W.Va. met coal output Feb 10, 2014

    Xinergy Ltd. has boosted production capacity at its South Fork mid-volatility metallurgical coal mine in West Virginia to 30,000 tons per month and expects to ramp up production to 45,000 tons per month in the second quarter, the company said in a news release.

  • EU court reversal of dumping ruling may be win for free trade Feb 10, 2014

    Criticism by the European Union Court of Justice about how the European Commission has applied anti-dumping duties has sparked conjecture in Brussels about a possible change in legislation.

  • ATI buys alloy component manufacturer Feb 10, 2014

    Allegheny Technologies Inc. (ATI) has acquired alloy component manufacturer Dynamic Flowform Corp. for an undisclosed sum, the specialty steel producer said Feb. 10.

  • US drilling falls, Canada rises Feb 10, 2014

    The number of drill rigs running in the United States fell by 14 last week.

  • Amsa reviews captive iron mining strategy as domestic steel demand slows Feb 10, 2014

    ArcelorMittal South Africa (Amsa) will review its mining strategy this year as a result of slower-than-expected steel demand in its domestic market, outgoing ceo Nonkululeko Nyembezi-Heita said on February 7.

  • Chicago scrap prices sink on cloudy outlook Feb 07, 2014

    Uncertainty on a reasonable floor price for prime scrap in Chicago has resulted in large tonnages being secured on a price-to-be-determined basis as steel mills seek more time to settle final prices.

  • SSAB Americas sees strong sales in quarter Feb 07, 2014

    SSAB Americas recorded strong sales in the fourth quarter due to improved pricing and demand, a trend that looks set to continue through early 2014.

  • TMK moving up the value chain in tubulars Feb 07, 2014

    TMK Ipsco, the North American arm of Russian pipe and tube maker OAO TMK, has been working to move up the value chain in energy tubulars in light of a well-supplied market.

  • CSI earmarks $150M to build ERW plant Feb 07, 2014

    California Steel Industries Inc. (CSI) will invest about $150 million for a second electric-resistance welded (ERW) mill that will include refurbishments to its existing facilities, according to assistant sales manager of tubular products Tim Gilbert.

  • Spanish rebar exporters eye US as major mart Feb 07, 2014

    Spain could become a major supplier of concrete reinforcing bar to the United States if anti-dumping and countervailing duties are imposed on imports of Turkish and Mexican rebar, market sources told AMM.

  • Calvert to target high-end marts: ArcelorMittal Feb 07, 2014

    ArcelorMittal SA’s soon-to-be acquired Calvert, Ala., operations will primarily target higher-end markets utilizing advanced high-strength steels, such as automotive and energy, according to one of the steelmaker’s top executives.

  • Haynes falls into the red in ‘challenging’ climate Feb 07, 2014

    Haynes International Inc. blamed a "challenging" business environment for reduced shipments and lower average selling prices that resulted in a net loss in its fiscal first quarter.

  • ITC keeps duties on steel wire hangers Feb 07, 2014

    Anti-dumping duties on imports of steel wire garment hangers from China will remain in place.

  • Century Iron finalizes buy of Attikamagen iron ore mine Feb 07, 2014

    Canadian iron ore development company Century Iron Mines Corp. has completed the acquisition of the remaining interest in the Attikamagen Lake iron ore project in eastern Canada.

  • Fixed-asset investments still driving economy, but not sustainable Feb 07, 2014

    The correlation between China’s growth in gross domestic product (GDP) and steel production suggests that investments, especially fixed-asset investments, still play a large role in the country’s economy. But this investment-driven economy isn’t sustainable.

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