Steel RSS

  • Synalloy to close Bristol Fabrication unit in June Apr 29, 2014

    Synalloy Corp. is closing the Bristol Fabrication unit of its Synalloy Fabrication LLC subsidiary.

  • Higher stainless steel scrap prices may not last Apr 29, 2014

    Rising London Metal Exchange nickel prices pushed stainless steel scrap prices higher this week, but the market has shown signs of cooling off, with sources telling AMM that major processors are fighting compressed margins by importing European material in a bid to drive down their buying prices.

  • Steelmaker signs Castrip license deal Apr 29, 2014

    An unnamed steelmaker, said to be one of the fastest growing in North America, has signed a license agreement with Castrip LLC for a 500,000-ton, thin-gauge, high-strength sheet casting facility.

  • Fire at AK Middletown Works, output unaffected Apr 29, 2014

    AK Steel Corp.’s Middletown Works in southwest Ohio suffered a fire April 28, although production isn’t expected to be impacted, the steelmaker said.

  • Evraz increases steel plate prices Apr 29, 2014

    Evraz Inc. North America has increased plate prices by $40 per ton ($2 per hundredweight) in the United states and by Canadian $45 per ton (C$2.25 per cwt) in Canada, effective immediately, the Chicago-based steelmaker said in an April 24 letter to customers.

  • US raw steel production gains 1.5 percent Apr 29, 2014

    U.S. raw steel output totaled an estimated 1,835,000 net tons last week, up 1.5 percent from 1,808,000 tons the previous week, as mills operated at an average capacity utilization rate of 76.3 percent.

  • Republic agrees to $2.4M settlement with OSHA Apr 28, 2014

    Republic Steel has agreed to pay $2.4 million to settle alleged health and safety violations at the company’s facilities in Lorain, Canton and Massillon, Ohio, as well as Blasdell, N.Y., the U.S. Labor Department’s Occupational Safety and Health Administration said in a statement.

  • US market has room for Big River Steel: Correnti Apr 28, 2014

    There is ample room for Big River Steel LCC in a U.S. market awash in imports and high-priced domestic steel, the company’s chief executive officer John D. Correnti told AMM.

  • Steel sheet prices continue to climb Apr 28, 2014

    Steel sheet prices have continued to move upward as winter weather-hit domestic mill capacity collides head on with increased spring demand.

  • ArcelorMittal, Nucor raise plate prices Apr 28, 2014

    ArcelorMittal USA LLC and Nucor Corp. have boosted steel plate prices.

  • Environmental laws to raise Chinese steel costs Apr 28, 2014

    Amendments to China’s environmental protection law that threaten tougher punishments for polluters has drawn mixed reactions from the country’s steelmakers.

  • US drilling jumps, Canada falls Apr 28, 2014

    The number of drill rigs running in the United States jumped by 30 last week.

  • W. Coast flat-rolled prices firm amid optimism Apr 25, 2014

    Flat-rolled steel prices are staying firm on the West Coast amid what appears to be the most positive overall market sentiment since the region’s steel market entered its slump in mid-2008.

  • Harsh winter pushes Cliffs into the red Apr 25, 2014

    Sagging iron ore and metallurgical coal prices and harsh winter weather combined to push Cliffs Natural Resources Inc. into the red in the first quarter.

  • Lake Erie Works’ coke ovens slated to restart Apr 25, 2014

    Coke ovens at U.S. Steel Corp.’s Lake Erie Works in Nanticoke, Ontario, are expected to restart in early October, a union official said.

  • Allied raising price of sprinkler products Apr 25, 2014

    Allied Tube & Conduit Corp. is increasing prices on all sprinkler pipe products by 5 to 7 percent effective April 28 “due to the continued rise in hot-roll steel prices,” the company said in a letter to customers.

  • Arkansas commission gives Big River Steel ‘go’ Apr 25, 2014

    Big River Steel LLC’s proposed $1.1-billion steel mill appears poised to move forward after Arkansas environmental officials decided in favor of the mill April 25.

  • ArcelorMittal furnace outage to start in June Apr 25, 2014

    ArcelorMittal USA LLC is expected to take a planned two-month maintenance outage at the No. 7 blast furnace at its Indiana Harbor complex in East Chicago, Ind., in early June, according to market sources.

  • SSAB remains bullish on ’14 despite chilly 1st-qtr. results Apr 25, 2014

    SSAB Americas was hit by severe winter weather in the first quarter that hurt demand, slowed production and delayed deliveries of raw materials and finished products

  • Turkey’s rebar duties should have been higher: Ferriola Apr 25, 2014

    Nucor Corp. believes preliminary anti-dumping margins on Turkish rebar producers should have been higher, its top executive said.

  • Plate market’s strength lifts Nucor’s shipments to record Apr 25, 2014

    The domestic plate market has been robust so far this year, and Nucor Corp. has been able to capitalize on this strength with its investments in that business.

  • Nucor DRI facility on track, start-up costs high Apr 25, 2014

    Nucor Corp.’s ramp-up of its direct-reduced iron (DRI) facility in St. James Parish, La., has gone well operationally, but start-up costs of $20.7 million in the first quarter were higher than anticipated, company executives said.

  • Timken sees SBQ price rise being supported by market Apr 25, 2014

    A $30-per-ton ($1.50-per-hundredweight) price increase on special bar quality (SBQ) products announced in February has taken hold and should remain in place, according to a top executive at Timken Co.

  • CarTech upbeat on end-market trends Apr 24, 2014

    Carpenter Technology Corp. is banking on improving trends within its key end markets and the continuing ramp-up of its new premium alloy production facility in Athens, Ala., to boost sales volumes and operating margins, the specialty steel producer said in its earnings report April 24.

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