Steel

  • $5B Atlantic Coast pipeline proposed Sep 03, 2014

    Four energy companies are planning to build a $4.5-billion to $5-billion natural gas pipeline through West Virginia, Virginia and North Carolina.

  • High imports may spur line pipe trade case Sep 03, 2014

    A line pipe trade case that some say might be filed by mid-October could be bolstered by high U.S. steel product import levels in August.

  • China’s steel glut taking a toll: Cisa Sep 03, 2014

    China’s steel production overcapacity has resulted in low prices and profitability, according to the China Iron and Steel Association (Cisa).

  • US raw steel production retreats 1 percent Sep 03, 2014

    U.S. raw steel output totaled an estimated 1,913,000 net tons last week, down 1 percent from 1,932,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.5 percent.

  • Preliminary margins set vs. China wire rod Sep 02, 2014

    U.S. imports of steel wire rod from China are facing preliminary anti-dumping margins of 106.19 to 110.25 percent following an affirmative dumping determination by the U.S. Commerce Department.

  • Sandvik divests distribution assets Sep 02, 2014

    Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd. with the deal expected to close in October.

  • Nucor said mulling Gallatin Steel acquisition Sep 02, 2014

    Nucor Corp. may be considering an acquisition of Gallatin Steel Co., market sources said.

  • CIT remands Deacero steel wire rod case Sep 02, 2014

    The U.S. Court of International Trade (CIT) has again remanded a Commerce Department anti-dumping ruling regarding wire rod from Mexican producer Deacero SAPI de CV, a move welcomed by the domestic industry.

  • Big River Steel sets date for mill groundbreaking Sep 02, 2014

    Big River Steel LLC plans to hold an official groundbreaking ceremony for its $1.3-billion steel mill near Osceola, Ark., on Sept. 22, a company executive said.

  • Jindal Tubular finalizes PSL North America buy Sep 02, 2014

    Jindal Tubular USA LLC, a subsidiary of India’s Jindal SAW Ltd., has completed its $104-million acquisition of bankrupt large-diameter spiral-weld pipe maker PSL North America LLC.

  • Drilling increases in US, Canada Sep 02, 2014

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

  • US-import plate price spread widens on W. Coast Aug 29, 2014

    Energy-related business and its domestic melt requirements continue to drive West Coast steel plate demand while distributors battle in what some describe as a separate market where pricing is dominated by lower import tags.

  • Rebar prices rise on strong demand Aug 29, 2014

    U.S. rebar markets remained strong in late August, with market participants reporting busy mills, robust demand and stable to higher prices.

  • US, imported steel sheet prices diverge Aug 29, 2014

    Domestic and imported steel sheet prices moved in opposite directions this past week as potential trade actions sent some traders scrambling for new suppliers while domestic steel buyers questioned the sustainability of current price levels.

  • Buyers bristle at latest steel plate increases Aug 29, 2014

    Steel plate prices have moved up over the past week following a round of increases by several major domestic producers.

  • Line pipe trade case could come by mid-October Aug 29, 2014

    With domestic producers of welded line pipe reportedly struggling with low margins, a trade case targeting imports from South Korea and Turkey could be filed as early as mid-October, market sources told AMM this past week.

  • Canada wants more proof in rebar trade case Aug 29, 2014

    The Canadian International Trade Tribunal (CITT) has asked the country’s rebar producers to present a more compelling case for material injury prior to its final decision in an anti-dumping trade investigation of imports from China, South Korea and Turkey.

  • Steel beam imports poised to fall in Aug. after July gains Aug 28, 2014

    Steel beam imports are poised to fall in August after hitting their highest monthly total for the year in July as the threat of domestic trade complaints may have dampened foreign offers.

  • ArcelorMittal hiking coating extras Aug 28, 2014

    ArcelorMittal USA LLC plans to increase coating extras for hot-dipped galvanized and galvannealed products because of higher zinc costs.

  • GOES imports to weaken despite ITC: analyst Aug 28, 2014

    Foreign producers of grain-oriented electrical steel (GOES) will be "extremely cautious" about the volume of material they ship to North America in the coming months, one market analyst said, despite this week’s ruling that struck down proposed dumping duties on U.S. imports from Germany, Japan and Poland.

  • OCTG case boon for JMC, Edgen: Moody’s Aug 28, 2014

    Anti-dumping and countervailing duties levied against imports of oil country tubular goods (OCTG) from six countries should bode well for the credit ratings of pipe and tube producer JMC Steel Group Inc. and distributor Edgen Group Inc., according to Moody’s Investors Service Inc.

  • Industry comment: Twists, turns and treacherous curves in steel trade protection Aug 28, 2014

    The flurry of critiques about the alleged role of steel imports in the financial troubles of some elements of our domestic steel industry, most recently in the oil country tubular goods (OCTG) sector, reminds me of a recent visit to a remarkable gallery exhibition of a prominent American abstract Impressionist artist.

  • Essar Steel ‘explosion’ injures four Aug 28, 2014

    Four contract employees at Essar Steel Algoma Inc. were injured while conducting maintenance work on the steelmaker’s No. 7 blast furnace. All four were hospitalized.

  • Steelmakers renew push to end Russia treaty Aug 28, 2014

    Domestic flat-rolled steel producers have renewed their call to end an agreement suspending anti-dumping duties on flat-rolled imports from Russia.

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