Steel RSS

  • AISI appoints Michael Rippey chairman May 05, 2014

    The American Iron and Steel Institute elected Michael Rippey as chairman at its annual general meeting in Scottsdale.

  • Ahmsa registers $22.9M loss as sales rise in qtr. May 05, 2014

    Altos Hornos de México SAB de CV (Ahmsa) reported a bigger loss in the first quarter despite higher revenue.

  • Lawyers blast error claim by Icdas May 05, 2014

    An allegation by Turkish rebar producer Icdas Celik Enerji Tersane ve Ulasim Sanayi AS that the U.S. Commerce Department’s International Trade Administration (ITA) made an error in its preliminary anti-dumping trade case decision should be rejected, lawyers for the U.S. petitioners said in a filing.

  • US, Canada drilling slows down May 05, 2014

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

  • U.S. Steel layoffs part of cost-cutting plan May 03, 2014

    U.S. Steel Corp. has laid off employees, including at its Pittsburgh headquarters, as part of a cost-cutting push.

  • Allied Tube strike doesn’t impact deliveries May 02, 2014

    Unionized workers at Allied Tube & Conduit Corp.’s facility in Harvey, Ill., have gone on strike after rejecting a tentative labor agreement, although customer deliveries remain unaffected, a spokeswoman for parent company Atkore International Holdings Inc. told AMM.

  • MRC logs lower earnings in quarter but remains upbeat May 02, 2014

    MRC Global Inc.’s profits fell 49.1 percent in the first quarter as its line pipe business was hit by adverse weather, but the company remains upbeat as conditions improve.

  • Ramp-up in full swing at Universal's alloy plant May 02, 2014

    The ramp-up of Universal Stainless & Alloy Products Inc.’s premium alloy production facility in North Jackson, Ohio, is fully under way, the company’s top executive said in a quarterly earnings conference call May 1.

  • Stronger drilling in Southwest bolsters Tenaris May 02, 2014

    Increased activity in Texas and New Mexico buoyed Tenaris SA’s first-quarter earnings even as the unusually cold winter hampered rig efficiencies.

  • Nickel-plated steel from Japan injuring US: ITC May 02, 2014

    Imports of diffusion-annealed, nickel-plated flat-rolled steel from Japan have injured U.S. producers, the U.S. International Trade Commission (ITC) said May 2

  • Steel plate price hikes taking hold in market May 02, 2014

    Steel plate transaction prices are moving higher following increases announced by domestic mills in recent weeks.

  • 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.

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