Steel

  • Currency manipulation alternate fight: AISI Sep 09, 2014

    Addressing currency manipulation by foreign countries is an alternative route to help combat unfair trade in steel, according to the American Iron and Steel Institute.

  • Timken to restructure aerospace business Sep 09, 2014

    Timken Co. is restructuring its underperforming aerospace business in a series of moves that will involve closing its United Kingdom bearing plant and discontinuing reporting the segment’s operating results.

  • SDI finalizes $1.2B note offering Sep 09, 2014

    Steel Dynamics Inc. (SDI) has garnered $1.2 billion from a recent issuance of debt securities.

  • US steel mill shipments up in July Sep 09, 2014

    U.S. steel mill shipments increased in July, buoyed by stronger deliveries of hot-rolled sheet, according to data from the American Iron and Steel Institute (AISI).

  • Dearborn buy to boost AK balance sheet: S&P Sep 09, 2014

    AK Steel Corp.’s planned $700-million acquisition of OAO Severstal’s flat-rolled steel mill in Dearborn, Mich., should boost its balance sheet, Standard & Poor’s Ratings Services (S&P) said.

  • Big River seeks extension in Nucor suit Sep 09, 2014

    Big River Steel LLC is asking for a four-week extension to respond to a lawsuit filed by Nucor Corp. that seeks to halt its $1.3-billion steel mill project near Osceola, Ark.

  • New-breed auto steels offset costs: SMDI Sep 09, 2014

    Advanced high-strength steels such as ArcelorMittal SA’s recently unveiled Fortiform will allow automakers to avoid costly powertrain technology and still boost fuel economy, according to the Steel Market Development Institute (SMDI).

  • US raw steel production dips 1.5 percent Sep 09, 2014

    U.S. raw steel output totaled an estimated 1,885,000 net tons last week, down 1.5 percent from 1,913,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.4 percent.

  • CSI closes galvanized order book Sep 08, 2014

    California Steel Industries Inc. (CSI) has filled its October galvanized sheet production capacity.

  • Valbruna files complaint over trade secrets Sep 08, 2014

    Valbruna Stainless Inc. and Valbruna Slater Stainless Inc. have filed a trade complaint with the U.S. International Trade Commission against stainless steel products from Germany, India and Taiwan.

  • Banker Wire sued for alleged design theft Sep 08, 2014

    Wire mesh maker C.I. Banker Wire & Iron Works Inc. has been accused of stealing trade secrets from Holland LP.

  • Calls to end Russia deal deemed unheeded Sep 08, 2014

    Large quantities of Russian hot-rolled coil may continue to flow into U.S. ports despite pressure by domestic steelmakers to scrap a longstanding agreement suspending anti-dumping duties on flat-rolled steel imports from Russia.

  • Neenah Foundry seeking new scrap buyer Sep 08, 2014

    Neenah Enterprises Inc. is seeking a new scrap buyer following the departure of Jurgen Zirnstein, vice president of procurement.

  • Great Lakes iron ore shipments surge in Aug. Sep 08, 2014

    Great Lakes iron ore shipments jumped last month as higher water levels allowed vessels to carry heavier loads.

  • Ford's F-150 raw material costs may double Sep 08, 2014

    The cost of raw materials for Ford Motor Co.’s new aluminum-intensive F-150 pickup could more than double from its existing steel-heavy model, according to one analyst’s estimate.

  • AK offers shares, notes to finance mill buy Sep 08, 2014

    AK Steel Holding Corp. is offering 35 million shares and subsidiary AK Steel Corp. will offer $430 million worth of senior notes due 2021 in order to finance its planned $700-million acquisition of Severstal Dearborn LLC.

  • Commerce hikes duties on Indian OCTG Sep 08, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has increased countervailing margins on imports of oil country tubular goods (OCTG) from India.

  • US steel mill product exports off in July Sep 08, 2014

    U.S. steel mill product exports dipped in July compared with the prior month, driven by a fall in deliveries to Brazil and Honduras.

  • Talks 'under way' for USS’ former Serbia mill Sep 08, 2014

    Discussions are "under way" between the Serbian government and Esmark Inc., as well as Russian and Indian companies, for flat-rolled steelmaker Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia.

  • Drilling picks up in US, Canada Sep 08, 2014

    The number of drill rigs running in the United States increased by 11 last week.

  • Midwest scrap trends sideways on soft demand Sep 05, 2014

    Midwest ferrous scrap markets have settled at prices mostly unchanged from August after mill resistance to higher offers unraveled weaker fundamentals for scrap.

  • US rebar mart seen mixed before trade ruling Sep 05, 2014

    Market data compiled by the U.S. International Trade Commission (ITC) ahead of a Commerce Department ruling in an anti-dumping and anti-subsidy trade case presents a mixed portrait of steel rebar recovery.

  • Stainless prices slip on surcharges Sep 05, 2014

    Stainless steel prices have slipped slightly in September across nickel-bearing austenitic grades due to a downtick in raw materials surcharges for 300-series grades.

  • Rival rod mills co-exist comfortably in SC Sep 05, 2014

    Rival wire rod mills in South Carolina owned by ArcelorMittal USA LLC and Nucor Corp. are performing well, despite earlier concerns centering on regional competition.

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