Steel RSS

  • Cliffs, Casablanca Capital spar over ‘proxy put’ May 30, 2014

    Casablanca Capital LP has threatened to sue Cliffs Natural Resources Inc. over a so-called "proxy put" clause in the iron ore miner’s recent financial statement that the activist investor claims is pressuring shareholders to keep the company’s existing directors in place.

  • CRSI taps Stevens chairman, names new board members May 30, 2014

    The Concrete Reinforcing Steel Institute (CRSI) has named Scott Stevens chairman and appointed four new members to its board of directors, the reinforcing bar trade association said May 29.

  • Steel sheet tags edge lower as output ramps up May 30, 2014

    The heat is on hot-rolled band prices, which slipped again this past week due to increased supply, stable but flat demand and slower buying from key end markets such as welded tubulars, market sources said.

  • CMC acquiring San Antonio shredder from rival May 30, 2014

    Commercial Metals Co. (CMC) is buying a San Antonio auto shredder to lock up more feedstock for one of its steel mills.

  • W. Coast plate market remains divided May 29, 2014

    The West Coast carbon steel plate market remains divided between escalating domestic prices and slower-rising foreign plate that is $100 per ton or more below delivered tags from U.S. mills.

  • NAS hikes long, other products prices for June May 29, 2014

    North American Stainless Inc. (NAS) has increased June base prices for long products, select hot-rolled flat products and all cold-rolled Type 201 grades effective June 1, the company said May 28.

  • OCTG sentiment improves as prices rise in May May 29, 2014

    Oil country tubular goods (OCTG) prices jumped to a seven-month high in May, boosting market sentiment in the process.

  • 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.

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