Steel RSS

  • Distributors analyze import price impact Jan 28, 2014

    Steel distributors questioned the sustainability of today’s high flat-rolled steel prices in the face of current import volumes, as well as estimates of tonnages yet to come.

  • Indonesian mineral exports halt as export quotas loom Jan 28, 2014

    Indonesian minerals exports have completely halted even as the country’s mining industry awaits details from the government on export quotas for processed minerals and concentrates.

  • Great Lakes coal trade falls 2.8% in ’13 on cold weather Jan 28, 2014

    Coal shipments on the Great Lakes slid 2.8 percent in 2013 compared with the previous year due in part to cold weather in December, which slowed down loadings, the Lake Carriers’ Association said in a statement.

  • China sizes up threat of US wire rod dumping case Jan 28, 2014

    Chinese steel exporters are closely monitoring a potential trade case situation in the United States, which could see wire rod imported from the Asian country subject to an anti-dumping tax, market participants told AMM sister publication Steel First.

  • China's daily crude steel output up again in mid-Jan. Jan 28, 2014

    China’s daily crude steel output rose again in mid-January, even as demand remained weak in a depressed market.

  • US raw steel production dips 0.7 percent Jan 28, 2014

    U.S. raw steel output totaled an estimated 1,824,000 net tons last week, down 0.7 percent from 1,836,000 tons the previous week, as mills operated at an average capability utilization rate of 76.1 percent.

  • Haynes director Paul Bohan to retire Jan 28, 2014

    Haynes International Inc. director Paul J. Bohan will retire from the company’s board effective Feb. 24, according to a filing with the U.S. Securities and Exchange Commission.

  • U.S. Steel posts $122M loss in fourth quarter Jan 28, 2014

    U.S. Steel Corp. posted a net loss of $122 million for the fourth quarter on the back of a $302 million non-cash restructuring charge related to the shutdown of Hamilton Works.

  • Steel distributors expect demand uptick for '14 Jan 27, 2014

    The owners of five distribution companies told AMM they expect flat-rolled steel demand to grow between 1 and 5 percent across all end-use markets in 2014 compared with last year.

  • Steel distributors discuss cold weather impact Jan 27, 2014

    As the nation braces for a possible polar vortex No. 2, five steel distributors discussed the impact of extreme weather and possible contingency planning at a roundtable in Detroit Jan. 23.

  • Ark. commission lifts stay on Big River permit Jan 27, 2014

    Big River Steel LLC has been issued a partial victory in its quest to build a $1.1-billion steel mill in Osceola, Ark.

  • NLMK USA’s flat-rolled sales rise in 2013 Jan 27, 2014

    NLMK USA’s flat-rolled steel sales jumped 3.7 percent in 2013 due to improved demand from service centers, pipe manufacturers, and the construction and automotive sectors, according to a quarterly report from Russian parent company NLMK Group.

  • Gerdau's NC melt shop output back to normal Jan 27, 2014

    Gerdau Long Steel North America’s melt shop in North Carolina has resumed normal production after an earlier power curtailment caused by cold weather conditions, a company spokeswoman confirmed to AMM.

  • SHFE's hot-rolled coil futures contract OK'd Jan 27, 2014

    Chinese regulators have approved the Shanghai Futures Exchange’s (SHFE’s) hot-rolled coil futures contract.

  • SMS files countersuit against CGCF Jan 27, 2014

    Scrap Metal Services LLC (SMS) has filed a countersuit against Consultants Group Commercial Funding Corp. (CGCF) over a letter of intent regarding a $21.1-million equipment lease.

  • US drilling steady, Canada rises Jan 27, 2014

    The number of drill rigs running in the United States was unchanged last week at 1,777.

  • NW Pipe purchasing executive leaves Jan 27, 2014

    Greg Carrier has left his role at Northwest Pipe Co., where he served as vice president of purchasing, a source at the company confirmed to AMM.

  • Terni hires Wasil to boost presence in NA Jan 27, 2014

    Italian stainless steelmaker Acciai Speciali Terni SpA has tasked Steven Wasil with “re-establishing the (Terni) brand in North America,” Wasil told AMM.

  • Nucor hikes plate products $30/T Jan 24, 2014

    Nucor Corp. has increased transaction prices on its plate products by a minimum of $30 per ton ($1.50 per hundredweight) effective for new orders scheduled for production after March 1.

  • Fire temporally curtails operations at Insteel Jan 24, 2014

    Insteel Industries Inc. will temporally cut production at its Gallatin, Tennessee pre-stressed concrete strand manufacturing facility due to a Jan. 21 fire.

  • Distributors wary of bullish stainless outlook Jan 24, 2014

    Stainless steel service centers and distributors agree that MSCI figures for 2013 indicate the market has improved from 2012, but remain wary of such figures suggesting further improvement in 2014.

  • Producers raise stainless steel surcharges Jan 24, 2014

    North American stainless steel producers ATI Allegheny Technologies Corp., North American Stainless Corp., AK Steel Corp., and Outokumpo Stainless raised raw material surcharges for February in the past week.

  • Penn Stainless teams up with Lehigh University Jan 24, 2014

    Specialty metals distributor Penn Stainless Products Inc. has teamed up with Lehigh University to provide metal consumers with access to the expertise of Lehigh’s Materials Science and Engineering Department.

  • Wire rod prices up on steady demand Jan 24, 2014

    U.S. wire rod transaction prices increased this past week due in part to steady demand, according to market sources.

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