Steel RSS

  • US steel imports on rise; rebar logs big gain Feb 05, 2014

    U.S. steel imports were expected to jump sharply in January on the back of increased shipments of a number of major products, including reinforcing bar and flat-rolled sheet.

  • TransCanada will need more pipe if XL gets OK Feb 05, 2014

    TransCanada Corp. will have to order more pipe if it receives a presidential permit for its proposed Keystone XL pipeline from the oil sands in Alberta to Cushing, Okla.

  • Mercuria is favored bidder for JPMorgan unit Feb 05, 2014

    Switzerland-based energy and commodities trading firm Mercuria Energy Group Ltd. has been selected to enter exclusive talks on the acquisition of JPMorgan Chase & Co.’s physical commodities business.

  • Buffalo Armory’s key product passes ballistic requirement Feb 05, 2014

    Armor plate producer Buffalo Armory LLC said that its Star Armor product has met another ballistic specification and now exceeds eight separate ballistic standards.

  • Arch Coal posts 4th qtr. loss on weaker coal pricing Feb 05, 2014

    U.S. coal producer Arch Coal Inc. reported a fourth-quarter net loss of $371.2 million due to softer metallurgical and thermal coal pricing compared with the year-ago quarter.

  • West Coast steel plate prices rising Feb 05, 2014

    Domestic plate prices are rising on the West Coast, but the gap with imports could persist.

  • U.S. Pipe buys stake in Griffin Pipe Feb 04, 2014

    U.S. Pipe & Foundry Co. LLC has acquired a majority stake in ductile iron pipe and fittings producer Griffin Pipe Products Co. LLC for an undisclosed amount.

  • Winter weather puts freeze on rebar prices Feb 04, 2014

    Freezing weather conditions, depressed demand from the construction sector and healthy stock levels have frozen spot domestic concrete reinforcing bar prices for February production, market sources told AMM.

  • SDI hikes product prices, except rebar Feb 04, 2014

    SDI’s Roanoke Bar division in Roanoke, Va., has revised an earlier price announcement and has raised prices on all products except reinforcing bar by $20 per ton effective with shipments Feb. 3.

  • Scrap export prices fall on weak demand, lira Feb 04, 2014

    Prices for U.S. bulk ferrous scrap shipments to Turkey dropped for the second time in a week as poor demand and a weak Turkish currency continued to affect exporters.

  • Synalloy looks to cut costs in metals segment Feb 04, 2014

    Synalloy Corp. plans to reduce costs in its metals segment this year after posting “disappointing” 2013 results.

  • ITA approves rebar trade case extension Feb 04, 2014

    The Commerce Department’s International Trade Administration (ITA) has approved an extension of preliminary anti-dumping duty determinations requested by the Rebar Trade Action Coalition as part of an ongoing trade case against steel concrete reinforcing bar from Turkey and Mexico.

  • Correction: CarTech’s Sunil Y. Widge set to retire Feb 04, 2014

    Due to a reporting error, an article published Jan. 31 misstated the focus of Carpenter Technology Corp. when Sunil Y. Widge joined. At the time, the company’s focus was on tool steel products. Also, Widge was misquoted as being “amazed at how many technologies today are materially limited.” Rather, he was “amazed at how many technologies today are materials-limited.”

  • U.S. Steel board proposes 1-year terms Feb 04, 2014

    U.S. Steel Corp.’s board of directors have voted unanimously to propose electing new directors to one-year terms.

  • U.S. Steel Canada to lay off 175 employees Feb 04, 2014

    U.S. Steel Canada plans to lay off about 175 salaried employees across both of its facilities as part of efforts to reduce costs, a company spokesman told AMM.

  • Correction: TMK Ipsco sees N. American OCTG mart stable in ‘14 Feb 04, 2014

    Due to an editing error, an article published Feb. 3 on AMM's website incorrectly identified the headquarters of TMK Ipsco.

  • Friedman plans $9.2M pipe plant in Texas Feb 04, 2014

    Friedman Industries Inc. is planning to build a $9.2-million pipe-threading facility near its tubular products division mill in Lone Star, Texas, a company source told AMM.

  • US raw steel production edges 1.1% lower Feb 04, 2014

    U.S. raw steel output totaled an estimated 1,804,000 net tons last week, down 1.1 percent from 1,824,000 tons the previous week, as mills operated at an average capability utilization rate of 75.3 percent.

  • Gerdau cuts rebar $20 per ton Feb 04, 2014

    Gerdau Long Steel North America has decreased transaction prices for reinforcing bar products in the United States by $20 per ton ($1 per hundredweight) effective immediately, it said in a letter to customers dated Feb. 3.

  • TMK Ipsco sees N. American OCTG mart stable in '14 Feb 03, 2014

    TMK Ipsco expects a flat to gradually improving North American oil country tubular goods (OCTG) market in 2014.

  • West Coast flat-rolled prices hold firm Feb 03, 2014

    West Coast flat-rolled buyers are seeing no material increase in March prices and little support so far for an April hike.

  • Stainless wholesaler sued over invoices Feb 03, 2014

    A Pennsylvania stainless steel wholesaler is being sued for allegedly failing to pay invoices for stainless steel sheet and coil purchase orders, according to documents filed in U.S. District Court in Pennsylvania.

  • Nexteel, Posco not affiliated: lawyers Feb 03, 2014

    Nexteel Co. Ltd. has responded to claims that flat-rolled steel producer Posco Ltd. should also be named a respondent in an ongoing anti-dumping investigation against oil country tubular goods (OCTG) producers from South Korea.

  • Tampa Port rebrands, but steel still core Feb 03, 2014

    The Port of Tampa has a new name, a new logo and a newly launched rebranding effort—one keyed to capitalize on the "sweet spot" location of what now goes by the name Port Tampa Bay, only a short trip by ship to Mexico and the closest U.S. port to the Panama Canal.

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