Steel RSS

  • 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).

  • Webco Industries optimistic despite 72% plunge in profit May 27, 2014

    Webco Industries Inc.’s earnings plunged in its fiscal third quarter, but the company expects brighter days ahead.

  • USS confirms planned Edgar Thomson outage May 27, 2014

    U.S. Steel Corp. has confirmed that it plans to take an outage at its Edgar Thomson Plant in Braddock, Pa.

  • US steel imports get boost from China May 27, 2014

    U.S. steel imports climbed 15.2 percent in April compared with the previous month, driven by substantial gains in heavy structural shapes, line pipe and blooms, billet and slab inflows, according to preliminary U.S. Census Bureau data.

  • US drilling slips, Canada higher May 27, 2014

    The number of drill rigs running in the United States fell by four last week.

  • Steelmakers could turn against rivals in lawsuit May 24, 2014

    AK Steel Corp. and Gerdau Ameristeel Corp. could help steel fabricators in a federal antitrust lawsuit by providing information against other defendants if a legal settlement scheduled for a July 10 hearing in U.S. District Court in Illinois is approved.

  • Service center veteran Milton Lampros dies May 23, 2014

    Milton J. Lampros, founder and retired president of Portland, Ore., distributor Lampros Steel Inc., who served more than six decades in the West Coast mill and service center industries, died May 21.

  • TMK posts first qtr. loss as steel coil costs rise May 23, 2014

    OAO TMK swung to a loss in the first quarter due to higher steel coil costs and lower pipe and tube prices, but the company expects better results for the full year due in part to forecasts for improved drilling activity in the United States.

  • Sen. urges action in Russian ferrosilicon case May 23, 2014

    Sen. Sherrod Brown (D., Ohio) has accused Russian ferrosilicon exporters of undermining the U.S. Commerce Department’s anti-dumping investigation by “withholding key information necessary to determine the duties that would be imposed on Russian imports.”

  • ArcelorMittal debuts new AHSS product May 23, 2014

    Steel’s footrace against aluminum to maintain market share in the all-important automotive market rounded an important corner May 23 when ArcelorMittal SA introduced its first entry in a new series of advanced high-strength steels (AHSS) slated for launch this year.

  • Steel sheet prices cool as weather warms up May 23, 2014

    Steel sheet prices’ climb has stalled and reversed course slightly as some mills in the Great Lakes region return to normal production levels heading into the seasonally slower summer months, market sources said.

  • Little hope seen for long products price hikes May 23, 2014

    Participants in the long products market have little hope that proposed early June price increases on rebar and merchant bar by one domestic mill will succeed unless there is further support from other producers.

  • Steel pipe, tube import duties retained May 23, 2014

    Countervailing duties on light-walled rectangular pipe and tube from China and anti-dumping duties on imports of the product from China, South Korea, Mexico and Turkey will remain in place.

  • PTC increasing DOM product prices May 23, 2014

    PTC Alliance Holdings Corp. is raising prices on its noncontract drawn-over-mandrel (DOM) products by 5 percent effective June 30 due to escalating raw material prices.

  • US GOES producers against NLMK deal May 22, 2014

    AK Steel Corp. and Allegheny Technologies Inc. (ATI) "unequivocally oppose" Russian steelmaker Novolipetsk Steel’s (NLMK) proposed agreement with the U.S. Commerce Department that would suspend anti-dumping duties on the company’s grain-oriented electrical steel (GOES) product imports.

  • USS said planning Pa. plant blast furnace reline May 22, 2014

    U.S. Steel Corp. is expected to take a roughly two-month maintenance outage beginning in August to reline the No. 1 blast furnace at its Edgar Thomson Plant in Braddock, Pa., according to sources familiar with the matter.

  • USS determining impact of cyber spying May 22, 2014

    U.S. Steel Corp. is trying to determine the impact of a recently disclosed cyber security breach on its business.

  • Essar reorganizes senior sales staff May 22, 2014

    Essar Steel Algoma Inc. chief sales and marketing officer Michael Wagner has left the company following a shakeup of its commercial staff.

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