Steel RSS

  • Hot-rolled prices continue to log gains May 02, 2014

    Hot band prices jumped again this past week, although market participants increasingly questioned the sustainability of the trend at the same time that cold-rolled tags appeared to tread water under import pressure.

  • NOV distribution spin-off gets OK May 02, 2014

    National Oilwell Varco Inc.’s (NOV’s) directors have approved the spin-off of its distribution business, which will be named NOW Inc. and headquartered in Houston.

  • Global stainless output hits all-time high May 01, 2014

    Global stainless steel output reached an all-time high of 38.13 million tonnes last year, exceeding the previous peak achieved in 2012 by 7.8 percent, according to a report from Meps International Ltd.

  • Essar Algoma’s 1st spring ore arrives nearly a month late May 01, 2014

    Essar Steel Algoma Inc. has received its first spring iron ore shipment and aims to ramp up production as more arrives, the company said.

  • Universal optimistic despite net loss May 01, 2014

    Universal Stainless & Alloy Products Inc. recorded a first-quarter net loss, but improved business conditions have led to higher sales and increased bookings.

  • Midwest scrap players awaiting market cues May 01, 2014

    Ferrous scrap trading in the Midwest has gotten off to a slower-than-normal start this month amid uncertainty on price direction, with participants looking for definitive cues from a market that recorded some mixed movements in early trading.

  • W. Coast plate buyers see two distinct markets May 01, 2014

    Buyers of carbon steel plate on the West Coast said they’re increasingly doing business in different markets dominated either by rising domestic prices or by imports, with even recent increases leaving prices for foreign plate below U.S. product.

  • TMK Ipsco yet to feel Ukraine impact May 01, 2014

    Neither TMK Ipsco nor its Russian parent, OAO TMK, have been impacted by tensions in eastern Ukraine or sanctions imposed on Russia by the United States and Europe, chairman Piotr Galitzine told AMM.

  • Alpha shaves costs but still draws red ink in first quarter May 01, 2014

    Alpha Natural Resources Inc. remained in the red in the first quarter despite trimming costs and recording a $250-million pretax gain from the divestment of its Alpha Shale Resources joint venture to Rice Energy Inc.

  • Icdas aiming to alter margin received in rebar trade case May 01, 2014

    Turkish rebar producer Icdas Celik Enerji Tersane ve Ulasim Sanayi AS has claimed that the U.S. Commerce Department’s International Trade Administration (ITA) made an error in its preliminary anti-dumping trade case decision.

  • Walter Energy losses surge as met coal tags fall May 01, 2014

    Walter Energy Inc. was hit hard by lower metallurgical coal prices in the first quarter, nearly doubling its net loss compared with the year-ago period, as revenue plunged 15.8 percent.

  • OCTG firms ask ITA to amend decision vs. Turkey May 01, 2014

    Domestic petitioners in a countervailing trade case against oil country tubular goods (OCTG) from Turkey have asked the U.S. Commerce Department’s International Trade Administration (ITA) to amend its preliminary determination and rule that critical circumstances exist.

  • OCTG prices slip in April: Pipe Logix May 01, 2014

    Uncertainty continues to hover over the oil country tubular good market, as prices dipped in April after posting the first gains of the year the previous month.

  • Buijs replacing Herminghaus as top executive of Benteler May 01, 2014

    Corné Buijs has been appointed president and chief executive officer of Benteler Steel/Tube Corp.

  • Judge triples MM Steel jury award Apr 30, 2014

    A federal judge has awarded MM Steel LP triple damages, or $156 million, in an antitrust lawsuit against a number of service centers and steel mills.

  • US steel beam imports charting gains for April Apr 30, 2014

    U.S. imports of steel beams were on course to rise more than 14 percent in April as the absence of Russia, the largest offshore source in March, was offset by higher indicated arrivals from Luxembourg, Mexico and Spain.

  • OCTG imports cutting into flat-rolled demand: Longhi Apr 30, 2014

    U.S. Steel Corp. sees better demand ahead for almost all of its flat-rolled customers with the exception of oil country tubular goods (OCTG) producers, the company’s top executive said.

  • Threat of steel alternates in auto ‘real’: USS Apr 30, 2014

    U.S. Steel Corp. is pushing hard to replace mild steels with new high-strength steels as it fights to fend off competing materials in the automotive sector, the company’s top executive said.

  • USS’ Slovakia unit not hit by problems in Ukraine: Longhi Apr 30, 2014

    U.S. Steel Corp.’s operations in eastern Slovakia have not been impacted by political turmoil in neighboring Ukraine, the company’s top executive said.

  • Severstal NA records strong 1st qtr. despite winter chill Apr 30, 2014

    OAO Severstal’s North American operations posted strong financial and operating results in the first quarter despite the harsh winter weather, according to the Russian steelmaker.

  • USS’ Great Lakes Works gears up for restart Apr 30, 2014

    U.S. Steel Corp. expects its operations to be back on track as it exits the second quarter, the company’s top executive said, referring to its Great Lakes Works in Ecorse, Mich., and its Gary (Ind.) Works.

  • Olympic Steel upbeat on sheet prices Apr 30, 2014

    Olympic Steel Inc. is seeing robust flat-rolled pricing following recent supply disruptions in the sector, according to a top executive.

  • Bull Moose Tube to hike prices again Apr 30, 2014

    Bull Moose Tube Co. is raising prices for hollow structural sections (HSS) and mechanical products by $40 per ton ($2 per hundredweight) effective with June 2 shipments, it said in an April 30 letter to customers, citing rising raw material costs.

  • ITA sets higher final duties on China rail tie wire Apr 30, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has set anti-dumping duties on prestressed concrete steel rail tie wire from China that are significantly higher than preliminary duties assessed four months ago.

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