• US, imported steel price gaps seen correcting Jun 19, 2014

    Big spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • SSAB mulls extra capacity at Ia. plate facility Jun 19, 2014

    SSAB Americas is planning to add as much as 1.2 million tons of melting capacity at its steel plate mill in Montpelier, Iowa.

  • Severstal's asset sale fodder for rumor mill Jun 19, 2014

    The fate of OAO Severstal’s North American steel mills was the elephant in the room during much of the Steel Success Strategies XXIX conference in New York this week.

  • AK Steel weighing growth options: Wainscott Jun 18, 2014

    AK Steel Corp. could look to joint ventures, affiliations or even mergers and acquisitions if it decides to expand beyond its current footprint, the company’s top executive said.

  • Innovation, lower costs said key for steel Jun 18, 2014

    Steelmakers must tighten their belts and continue to innovate in order to stay ahead of the curve in what will remain an oversupplied market in the near term, top international steel executives and experts said during a panel discussion at the Steel Success Strategies XXIX conference.

  • US a prime spot for pellet plants, Vale says Jun 18, 2014

    The United States could be a prime location to build pellet plants for iron ore producers given low natural gas prices and assuming domestic direct-reduced iron (DRI) production keeps ramping up, according to a top Vale SA executive.

  • China steel exports seen holding firm Jun 18, 2014

    Chinese steel exports will remain at high levels through the end of the decade, a leading industry researcher predicted at the Steel Success Strategies XXIX conference in New York.

  • Steel glut creating import ‘tsunami’: Ferriola Jun 18, 2014

    It will take more than an improving economy to cure a global steel production glut and a "tsunami" of imports slamming the U.S. steel industry, Nucor Corp.’s top executive said.

  • Wide use of light steels in auto parts growing Jun 18, 2014

    Lightweight high-strength steel parts that would rival aluminum automotive components are gaining traction in vehicles on the road, but there's still more room for growth, according to Lawrence W. Kavanagh, president of the Steel Market Development Institute (SMDI).

  • DRI output in US to soar by 2020: Midrex Jun 18, 2014

    Midrex Technologies Inc. expects direct-reduced iron (DRI) output in the United States to surpass 10 million tons annually "sometime near the end of the decade," director of marketing Henry P. Gaines said.

  • Nucor mulling second DRI unit in La.: Ferriola Jun 18, 2014

    Nucor Corp. does not plan to build a new sheet mill in the United States but may be weighing a second direct-reduced iron (DRI) unit in Louisiana as well as a new heat-treat line at its plate mill in Tuscaloosa, Ala., the company’s top executive suggested.

  • Rising trade cases may fuel protectionism: exec Jun 18, 2014

    The recent proliferation of trade cases and strong rhetoric against U.S. steel imports could lead to further protectionism around the world, according to one Turkish executive.

  • Steel scrap prices could plummet: WSD Jun 17, 2014

    Global steel scrap prices could "plummet" in the coming months due to sluggish export demand and pressure from lower-priced iron ore and coke, according to two World Steel Dynamics Inc. (WSD) analysts.

  • Mexico license system cause for concern: AIIS Jun 17, 2014

    An import licensing regime enacted by Mexico has raised warning flags among steel traders.

  • Essar negotiating with debt holders; delaying payment Jun 17, 2014

    Canadian flat-rolled steel producer Essar Steel Algoma Inc. has entered into confidential discussions with a number of its creditors, the company said June 17.

  • Severstal still bullish on North America Jun 17, 2014

    Russian steelmaker OAO Severstal remains bullish on the North American market and the prospects for its domestic assets despite the possible sale of its facilities in Dearborn, Mich., and Columbus, Miss.

  • Ukraine turmoil not hurting trade flow: execs Jun 17, 2014

    Trade flows from Ukraine have continued largely uninterrupted despite political tensions with Russia, according to steel trade executives.

  • China said fueling steel overcapacity growth Jun 17, 2014

    Global steel capacity is still expanding and outpacing steel demand growth, the top executive of the American Iron and Steel Institute (AISI) told AMM, citing recent talks at a meeting of the Organization for Economic Cooperation and Development’s (OECD’s) steel committee.

  • Developed nations will drive demand: Mittal Jun 17, 2014

    The face of the global steel industry is changing, with demand increasingly expected to come from developed instead of developing countries, according to the top executive of the world’s largest steelmaker.

  • Greenfield projects not viable, Mittal says Jun 17, 2014

    ArcelorMittal SA won’t pursue greenfield projects or significant merger-and-acquisition activity, given the glut of steel capacity worldwide, the company’s top executive said.

  • SDI sees good times rolling in 2d qtr. Jun 17, 2014

    Steel Dynamics Inc. (SDI) expects improved demand to fuel a jump in second-quarter earnings despite an increase in imports.

  • ArcelorMittal kicking tires at Ilva steel plant Jun 17, 2014

    ArcelorMittal SA has been invited by the Italian government to look at Ilva SpA’s steel plant in Taranto, Italy, the company’s top executive said June 17.

  • SSAB increases plate product prices Jun 17, 2014

    SSAB Americas has increased plate prices by $30 to $50 per ton ($1.50 to $2.50 per hundredweight), depending on the product.

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