Steel RSS

  • Alderon adds two board directors May 29, 2014

    Canadian iron ore miner Alderon Iron Ore Corp. has named two executives from BHP Billiton Ltd. and Shell Canada Ltd. to its board of directors, the company said May 29.

  • New trial sought in MM Steel antitrust case May 29, 2014

    Service centers and steel mills accused in an antitrust lawsuit of trying to force MM Steel LP out of business have requested a new trial.

  • Turkish OCTG maker raps ITA procedures May 29, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) is being called on the carpet over its decision-making procedures in an OCTG trade case against Turkish producers, according to a legal brief filed on behalf of Borusan Mannesmann Boru Sanayi ve Ticaret AS.

  • US steel usage, production fall slightly in ’13 May 29, 2014

    Consumption of finished steel products in the United States fell slightly last year and has yet to return to pre-recession levels, according to the latest World Steel Association data.

  • Lawsuit alleges Cliffs execs misled shareholders May 28, 2014

    Iron ore miner Cliffs Natural Resources Inc. and former executives allegedly misled investors about its Bloom Lake Mine in Quebec, according to a class-action lawsuit filed on behalf of investors by Cliffs shareholder Joseph Weinstock.

  • Russian steel beam imports poised to skyrocket May 28, 2014

    Russia is poised to claim an unaccustomed position as the largest source of U.S. steel beam imports in May.

  • Nucor mulls updates at Alabama plate, coil mill May 28, 2014

    Nucor Corp. may be considering changes to its plate and coil mill in Tuscaloosa, Ala., including the addition of a heat-treat process, according to documents filed with state officials and an environmental engineer.

  • Ferrous scrap tags look poised to slide in June May 28, 2014

    Ferrous scrap prices look set to fall in June, with shredded scrap poised for the biggest drop, according to market participants.

  • ArcelorMittal’s Cleveland BF ramping up May 28, 2014

    ArcelorMittal USA LLC’s C-5 blast furnace at its Cleveland plant is expected to return to normal production levels this week, a company spokeswoman told AMM.

  • JSW Steel's US operations post $4M loss May 28, 2014

    The U.S. operations of India’s JSW Steel Ltd. recorded a $4-million loss before interest, taxes, depreciation and amortization in its fiscal fourth quarter ended March 31 due to low capacity utilization rates at the company’s plate and pipe mill, according to its quarterly earnings report.

  • US rejects NLMK's GOES suspension request May 28, 2014

    The U.S. Commerce Department has rejected a proposed suspension agreement by Russian steelmaker Novolipetsk Steel (NLMK) that would have halted an anti-dumping duty investigation into imports of the company’s grain-oriented electrical steels (GOES).

  • NW Pipe wins Wyo. water transmission project orders May 28, 2014

    Northwest Pipe Co. will supply pipe for a portion of a Wyoming water transmission pipeline.

  • Cliffs slashes 2014 capex by another $100M May 28, 2014

    Cliffs Natural Resources Inc. plans to slash 2014 capital spending by $100 million, or 25 percent, in the face of volatile seaborne iron ore and metallurgical coal prices.

  • American Tubular lifts HSS pricing $40/T May 27, 2014

    American Tubular Products LLC has increased prices for structural steel tubing by $40 per ton ($2 per hundredweight), it said in a May 23 letter to customers.

  • US steel beam imports set to post large gains May 27, 2014

    Steel beam imports are poised for their biggest month of the year in May.

  • HSS prices steady, demand said good May 27, 2014

    Structural tubing prices east of the Rockies are holding steady, market sources said, noting that demand is solid and hot-rolled coil tags remain at comparatively high levels despite a slight dip recently.

  • Cheaper energy spurring surge in DRI: Garza May 27, 2014

    Interest in direct-reduced iron (DRI) is growing in North America thanks to fracking and low-cost natural gas, Tenova HYL’s top executive said.

  • Severstal NA bidders said down to four May 27, 2014

    Four parties have emerged as final potential bidders for the assets of Severstal North America Inc., according to market sources.

  • North Star BlueScope kicks tires on DRI May 27, 2014

    North Star BlueScope Steel LLC is mulling a direct-reduced iron (DRI) plant as it casts a more critical eye toward its raw materials strategy, a company executive said.

  • FCP planning to install push-pull pickle line May 27, 2014

    Coil toll processor Fulton County Processing Ltd. (FCP) plans to install a Nelson Steel/Butech Bliss engineered push-pull pickling line at its facility adjacent to North Star BlueScope Steel LLC’s mini-mill in Delta, Ohio.

  • US raw steel output rises to two-month high May 27, 2014

    U.S. raw steel output totaled an estimated 1,875,000 net tons last week, up 2 percent from 1,838,000 tons the previous week, as mills operated at an average capacity utilization rate of 78 percent. It was the highest weekly production level since mid-March.

  • Mexico OKs new steel standards May 27, 2014

    Mexico has approved new standards for mesh, wire, rebar and stainless steel tube products, according to the country’s economic ministry and Canacero, the national steel association.

  • Algoma Tubes, USW reach deal May 27, 2014

    Tenaris Algoma Tubes has reached a memorandum of understanding with the United Steelworkers union.

  • Stainless pressure pipe imports dumped: ITA May 27, 2014

    Imports of welded stainless pressure pipe from Malaysia, Thailand and Vietnam are being dumped in the domestic market, according to a final determination from the U.S. Commerce Department’s International Trade Administration (ITA).

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