Steel RSS

  • USS Gary Works fire extinguished Aug 19, 2014

    The coke plant at U.S. Steel Corp.’s Gary Works in northwest Indiana suffered a fire Aug. 19, a company spokeswoman said.

  • US structural steel mills weighing trade action Aug 19, 2014

    U.S. structural steel producers, concerned that imports are biting into an improving market, are weighing a possible trade action against foreign mills on beams.

  • Stainless scrap prices continue to slide Aug 19, 2014

    Stainless steel scrap prices continued to slide this week in step with lower nickel prices, and industry sources said there is "little sign of an upside."

  • Trade verdict fails to deter S. Korea OCTG Aug 19, 2014

    U.S. imports of oil country tubular goods from South Korea show no sign of slowing one month after the U.S. Commerce Department’s International Trade Administration imposed anti-dumping duty margins ranging from 9.89 to 15.75 percent on Korean products.

  • Legislation aims to lift domestic pipe use Aug 19, 2014

    A Pennsylvania senator has introduced three bills that could boost domestic pipe consumption in oil and gas exploration.

  • First Colombia Gold plans pipe threading plant Aug 19, 2014

    First Colombia Gold Corp. is planning to open a pipe threading facility at its oil offices in Albany, Ky.

  • US raw steel production increases 1.2% Aug 19, 2014

    U.S. raw steel output totaled an estimated 1,919,000 net tons last week, up 1.2 percent from 1,896,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.8 percent.

  • US, Canadian stainless shipments rise again Aug 18, 2014

    North American stainless steel shipments continued to show strength in July, according to the latest Metals Service Center Institute (MSCI) data, although distributor sources told AMM there have been some signs of softening end-market demand.

  • Plate mart awaits next move after Nucor hike Aug 18, 2014

    The steel plate market could be poised to move higher after one domestic producer raised prices.

  • Strong demand boosts rebar prices Aug 18, 2014

    Several rebar producers have announced price increases amid strong demand and lean inventories, market sources said.

  • Essar Steel Algoma credit rating cut again Aug 18, 2014

    Essar Steel Algoma Inc.’s long-term corporate credit rating has been downgraded to "selective default" from "CCC-" by Standard & Poor’s Ratings Services (S&P).

  • Nucor outlines appeal of ITC decision on Ukraine wire rod Aug 18, 2014

    Nucor Corp. has outlined its case against a U.S. International Trade Commission (ITC) decision to allow anti-dumping duties on wire rod imports from Ukraine to expire.

  • Insteel completes purchase of ASW’s PC strand business Aug 18, 2014

    Insteel Industries Inc. has completed its acquisition of American Spring Wire Corp.’s pre-stressed concrete (PC) strand business.

  • ArcelorMittal, Quebec union ink labor deal Aug 18, 2014

    ArcelorMittal SA has reached a new six-year labor deal with unionized workers at its Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, ending a nine-day lockout.

  • ‘Red October’ in hunt for USS' former Serbia ops Aug 18, 2014

    "Red October" has joined the hunt for Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia.

  • Drilling improves in US, Canada Aug 18, 2014

    The number of drill rigs running in the United States increased by five last week.

  • Nucor increases steel plate product prices Aug 18, 2014

    Nucor Corp.’s plate mill group has increased transaction prices on all new orders for carbon, alloy and heat-treated plate effective immediately.

  • Panama Canal project will use 121,200 tonnes of steel Aug 16, 2014

    Expansion of the Panama Canal has entered its final stages after the Panama Canal Authority and the Grupos Unidos por el Canal signed an agreement for the completion of the “third set of locks project.”

  • Wire rod, rebar may face price bump Aug 15, 2014

    U.S. wire rod and rebar market participants are expecting further price increases in the coming weeks even as tags held steady this past week, although views were mixed on how the hikes would be met.

  • Sheet prices steady despite strong demand Aug 15, 2014

    Sheet steel prices held steady this past week amid what sources described as surprisingly robust demand during the typically slower summer months.

  • Commerce hikes dumping margin on Vietnam OCTG Aug 15, 2014

    The final dumping rate on oil country tubular goods (OCTG) imports from Vietnam’s SeAH Steel Vina Corp., a subsidiary of South Korea’s SeAH Steel Corp., has been raised to 25.18 percent from 24.22 percent due to a calculation error by the U.S. Commerce Department’s International Trade Administration (ITA), although the Vietnam-wide rate will remain at 111.47 percent.

  • ArcelorMittal workers in Canada to vote on deal Aug 15, 2014

    Unionized workers at ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, are set to vote on a new labor agreement negotiated by a government-appointed conciliator, sources familiar with the matter said.

  • Cliffs director resigns, cites leadership issues Aug 15, 2014

    Iron ore miner Cliffs Natural Resources Inc. has seen tumultuous executive turnover in the wake of hedge fund Casablanca Capital LP’s proxy victory, including the resignation of one director and the departure of several executives.

  • ITC delays OCTG vote after Commerce error Aug 14, 2014

    A vote in a trade case on oil country tubular goods (OCTG) from nine countries has been postponed by the International Trade Commission (ITC) after the Commerce Department amended its final decision on imports from Saudi Arabia due to a ministerial error.

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