Steel RSS

  • Chinese steelmakers’ profits squeezed Feb 03, 2014

    China’s steel industry struggled against overcapacity and weak product prices during 2013.

  • Severstal appoints development manager Feb 03, 2014

    Prabhat Rastogi has been named general manager of business development, strategy and innovation for key markets at Severstal North America Inc., the company said Feb. 3.

  • OCTG prices hit low, but distributors upbeat Feb 03, 2014

    Oil country tubular goods (OCTG) distributors are more optimistic this year despite prices falling to multiyear lows in January.

  • Nucor cancels $20/T rebar hike Feb 03, 2014

    Nucor Corp. is rescinding a $20-per-ton ($1-per-hundredweight) increase on concrete reinforcing bar that was slated for shipments Feb. 1, the company said in a Jan. 31 letter to customers.

  • USS’ EF plan hailed despite concerns Feb 03, 2014

    U.S. Steel Corp.’s proposal to build an electric-arc furnace (EF) has been hailed as a step in the right direction for the company, although the steelmaker will have to address certain concerns by sheet market participants.

  • Drilling increases in US, Canada Feb 03, 2014

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

  • Keystone XL pipeline clears State Dept. hurdle Jan 31, 2014

    The U.S. State Department has no significant concerns about TransCanada Corp.’s proposed Keystone XL pipeline, according to an assessment released Jan. 31.

  • Tejas Tubular plans to build Neb. pipe mill Jan 31, 2014

    Tejas Tubular Products Inc. is continuing its growth plan with a new facility in Norfolk, Neb.

  • Gerdau nixes $30 per ton price hike on beams Jan 31, 2014

    Gerdau Long Steel North America’s decision to cancel its $30-per-ton price increase on steel beams came as little surprise to buyers as other major mills failed to support the move.

  • Plate prices rise on lead times, thin inventory Jan 31, 2014

    Steel plate prices saw an uptick this past week due to extended lead times and discipline shown by major steelmakers on higher pricing, market participants told AMM

  • Texas scrap market seen bearish in February Jan 31, 2014

    An oversupply of scrap relative to anticipated demand will likely send Texas ferrous scrap prices down in February, according to early speculation.

  • Steel production, scrap demand to rise: MBR Jan 31, 2014

    U.S. crude steel production will increase 4 percent this year to about 90.5 million tonnes from 87 million tonnes in 2013, boosted by increased demand for industrial production and housing starts, according to Metal Bulletin Research (MBR).

  • USS furnace switch seen boon for Ala. scrap Jan 31, 2014

    Metal recyclers selling into the Alabama market will enjoy increased demand and a shift in the type of scrap consumed when U.S. Steel Corp. converts to electric-arc furnace (EF) steelmaking.

  • USS-Posco sets sheet minimum base prices Jan 31, 2014

    USS-Posco Industries Inc. (UPI) has issued new minimum base prices for its sheet products effective immediately, it said in a Jan. 29 letter to customers.

  • SunCoke hopes to get air permit by Sept. Jan 31, 2014

    SunCoke Energy Inc. is seeking approval for an air-quality permit to build a metallurgical coke plant in Greenup County, Ky., by September.

  • US trade case filed against China wire rod Jan 31, 2014

    A long-awaited trade case has been filed by a coalition of U.S. wire rod producers against imports of carbon and certain alloy steel wire rod from China.

  • Stainless pressure pipe import duties under review Jan 31, 2014

    The U.S. International Trade Commission (ITC) has instituted a review to determine whether revoking anti-dumping and countervailing duty orders on welded stainless steel pressure pipe from China would likely lead to a continuation or recurrence of material injury to the domestic industry.

  • Trade case vs. Chinese wire rod said imminent Jan 31, 2014

    U.S. wire rod producers are set to file a long-awaited anti-dumping trade case against Chinese wire rod imports "imminently," wire rod market sources told AMM.

  • SunCoke Energy’s net slumps in 4th qtr. Jan 30, 2014

    SunCoke Energy Inc.’s net income slumped in the fourth quarter due in part to weakness in its coal mining segment and lower-than-expected results at its Indiana Harbor facility.

  • Timken expects steel sales to jump in 2014 Jan 30, 2014

    Timken Co. expects sales by its steel business to jump between 12 and 17 percent this year from 2013, driven by greater demand in the oil and gas and industrial end-market sectors.

  • Metal shipments delayed by severe weather Jan 30, 2014

    Snowstorms and sub-zero temperatures have delayed metal product shipments by up to five days in some regions, especially around the Great Lakes, and transportation and logistics companies expect they won’t be able to make up for lost business due to customer facility closures.

  • US ferrous scrap export prices to Turkey decline Jan 30, 2014

    U.S. bulk ferrous scrap export prices fell more than $10 per tonne after an exporter bowed to pressure from a Turkish mill to lower prices.

  • Awards for Steel Excellence: Veterans join judging panel Jan 30, 2014

    Two steel veterans, Lourenco Goncalves and Thomas A. Danjczek, have joined the judging panel for AMM’s fifth annual Awards for Steel Excellence.

  • Exports to help sustain profit growth: NSSMC Jan 30, 2014

    The continued rise in local demand, along with strong exports, is seen sustaining growth at Japan’s Nippon Steel & Sumitomo Metal Corp. (NSSMC) through the rest of fiscal 2013.

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