Steel RSS

  • Casablanca claims victory vs. Cliffs Jul 30, 2014

    Activist investor Casablanca Capital LP is claiming a win in its months-long proxy battle with iron ore miner Cliffs Natural Resources Inc., although Cliffs was not so quick to concede.

  • ASW acquires RettCo Steel assets Jul 30, 2014

    American Spring Wire Corp. (ASW) has purchased the assets of prestressed concrete strand producer RettCo Steel LLC.

  • ATI Ludlum raw materials supervisor dies Jul 30, 2014

    Daniel J. Affrica, senior supervisor of raw materials for ATI Allegheny Ludlum Corp., died July 27 in Pittsburgh. He was 63.

  • Deacero mulls wire rod ruling appeal Jul 30, 2014

    Mexican steelmaker Deacero SAPI de CV and subsidiary Deacero USA Inc. could appeal the U.S. International Trade Commission (ITC) decision to continue anti-dumping duties on imports of wire rod from Mexico, according to a legal filing.

  • No talks with USS on Double Eagle: AK Jul 30, 2014

    AK Steel Corp. is bullish about some of the facilities it expects to acquire as part of its $700-million deal for OAO Severstal’s integrated mill in Dearborn, Mich. The picture is less clear when it comes to the future of Double Eagle Steel Coating Co.

  • Weak aero, energy demand hurts Carpenter Jul 29, 2014

    Carpenter Technology Corp. sees "positive indicators" as it enters its new fiscal year, including extended backlogs, gradually improving aerospace demand and a "fully operational" premium alloy facility in Alabama.

  • HSS prices softer, but rise expected soon Jul 29, 2014

    Hollow structural sections (HSS) prices east of the Rockies are said to have softened this past month, although sources anticipate an increase soon on the back of firming coil tags.

  • USS logs loss in qtr.; better times seen ahead Jul 29, 2014

    U.S. Steel Corp. slid into the red in the second quarter after a difficult winter and operational problems dented results, but it sees better times ahead.

  • OCTG gains momentum after dumping verdict Jul 29, 2014

    Oil country tubular goods (OCTG) prices are gathering steam following the recent anti-dumping trade case ruling that saw duties levied against South Korea, the largest overseas supplier of the product to the United States.

  • AK execs see electrical steel turnaround Jul 29, 2014

    AK Steel Corp. believes that "after a multi-year decline, the tide is beginning to turn" for the global electrical steel market.

  • Ohio plant lockout won’t slow deliveries: PTC Jul 29, 2014

    PTC Alliance Corp. doesn’t expect customer deliveries to be affected by a lockout of unionized workers at its Alliance, Ohio, manufacturing facility.

  • ‘Unplanned stoppage’ hits AK Ashland furnace Jul 29, 2014

    AK Steel Corp.’s Ashland (Ky.) Works recently suffered an "unplanned stoppage" of its blast furnace, a company spokesman said, confirming industry reports.

  • US raw steel output reaches 25-month high Jul 29, 2014

    U.S. raw steel output totaled an estimated 1,920,000 net tons last week, up 1.4 percent from 1,893,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.8 percent.

  • AK Steel losses narrow in qtr. as sales rise Jul 29, 2014

    AK Steel Corp. narrowed its net loss by 57.7 percent in the second quarter as increased sales outweighed the lingering impact of harsh winter weather, with the company upbeat of a better second half.

  • PTC locks out workers at Ohio plant Jul 28, 2014

    PTC Alliance Corp. locked out unionized workers at its Alliance, Ohio, manufacturing facility July 28 after they voted down a proposed labor deal, AMM has learned.

  • USS amends credit agreements for Canada ops Jul 28, 2014

    U.S. Steel Corp. may be looking to restructure its operations in Canada and has reached an agreement with lenders to modify some financing terms to allow for possible changes, filings with U.S. securities regulators and sources familiar with the matter indicated.

  • Nucor, Gerdau hiking rebar prices $10/ton Jul 28, 2014

    Nucor Corp. and Gerdau Long Steel North America have raised prices on reinforcing bar products by $10 per ton (50 cents per hundredweight) effective with new orders July 28.

  • AK Steel elects board member Jul 28, 2014

    AK Steel Corp. has elected Sheri H. Edison to its board of directors effective Aug. 1.

  • U.S. Steel, Hamilton union start contract talks Jul 28, 2014

    U.S. Steel Corp. and the union representing workers at its operations in Hamilton, Ontario, were scheduled to begin contract negotiations July 28, a union official said.

  • Drilling improves in US, Canada Jul 28, 2014

    The number of drill rigs running in the United States jumped by 12 last week, led by Louisiana (up six), while Canadian drilling activity climbed by 14 rigs compared with the previous week.

  • SDI, AK execs said visiting Severstal NA mills Jul 25, 2014

    Top executives from Steel Dynamics Inc. (SDI) and AK Steel Corp. attended town hall meetings at Severstal North America Inc. steel mills July 23, according to sources familiar with the matter.

  • Nucor appeals Ukraine wire rod ruling Jul 25, 2014

    Nucor Corp. will appeal a recent U.S. International Trade Commission (ITC) decision to let anti-dumping duties on wire rod imports from Ukraine expire, an attorney for the steelmaker told AMM.

  • Severstal NA plans outage in October Jul 25, 2014

    Severstal North America Inc. plans to take a 10-day outage in October at its mini-mill in Columbus, Miss.

  • US steel imports slide 11.1% in June Jul 25, 2014

    U.S. steel imports fell in June but calls for trade action, particularly vs. value-added sheet products from China, are mounting as more cold-rolled flowed in from the Asian nation.

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