Steel RSS

  • Commerce delays final NOES decision Jun 27, 2014

    The U.S. Commerce Department has postponed the deadline for the final determination in its anti-dumping duty investigation of non-oriented electrical steel (NOES) imports from China, Germany, Japan and Sweden.

  • Varsteel acquires Evraz NA cut-to-length unit Jun 27, 2014

    Varsteel Ltd. has acquired Evraz Inc. North America’s cut-to-length operation in Regina, Saskatchewan, for an undisclosed amount.

  • S&P lowers Essar Steel Algoma credit rating Jun 27, 2014

    Standard & Poor’s Ratings Services (S&P) has downgraded Essar Steel Algoma Inc.’s credit to "CCC-" from "CCC+" after the company opted against making a June 16 interest payment on its $385 million in unsecured notes.

  • Casablanca outlines plan for Cliffs Jun 26, 2014

    Battle lines for control of Cliffs Natural Resources Inc. have deepened, with activist investor Casablanca Capital LP outlining its most detailed reorganization plan to date for the largest U.S. iron ore mining company.

  • Outokumpu lifts stainless tags; mart skeptical Jun 26, 2014

    Outokumpu Stainless USA LLC has jumped on board a push to raise stainless prices, but market players remain skeptical that the increases will stick without backing from industry leader North American Stainless Inc. (NAS).

  • Schnitzer revenue falls amid lower scrap prices Jun 26, 2014

    Schnitzer Steel Industries Inc. recorded higher domestic ferrous scrap sales during its fiscal third quarter while export volumes fell, but the shift in destinations was unable to prevent total revenue from its ferrous sales from falling 16.8 percent compared with a year earlier.

  • Stronger sales lift Worthington profits Jun 26, 2014

    Worthington Industries Inc.’s net income increased 10.9 percent in its fiscal year despite a 1.1-percent dip in the last three months of the year.

  • O’Neal, Leeco win $117M in fraud suit Jun 26, 2014

    Service center operators O’Neal Steel Inc. and Leeco Steel LLC have prevailed in their 2011 lawsuit against two steel suppliers and their owners alleging fraud, misrepresentation, negligence and breach of contract and warranty.

  • Longhi rips Commerce OCTG probe vs. Korea Jun 26, 2014

    U.S. Steel Corp.’s top executive added his weight to the barrage of fire against the ongoing anti-dumping investigation on oil country tubular goods (OCTG) from South Korea.

  • OCTG sentiment, prices perk up in June Jun 26, 2014

    Oil country tubular goods (OCTG) prices climbed for a second consecutive month in June, hitting an eight-month high and further buoying market sentiment.

  • NW Pipe board member resigns Jun 26, 2014

    Michael C. Franson, a longtime member of Northwest Pipe Co.’s board of directors, has resigned, according to a U.S. Securities and Exchange Commission filing by the Vancouver, Wash.-based pipe maker.

  • Essar Steel Algoma workers ratify labor deal Jun 26, 2014

    Members of United Steelworkers union Local 2724 have ratified a 20-month labor deal with Essar Steel Algoma Inc.

  • Midwest scrap dealers look to boost July tags Jun 25, 2014

    Midwest ferrous scrap prices could recoup June’s declines when trading begins next week, according to early speculation by market participants.

  • US imports of Ukraine wire rod may rise Jun 25, 2014

    Modest steel wire rod shipments from Ukraine’s Metinvest could arrive in the United States in coming months at prices comparable to Turkish wire rod, according to the company and U.S. traders.

  • HSS prices soften, but demand said robust Jun 25, 2014

    Structural tubing prices east of the Rockies have begun to soften as domestic flat-rolled tags have started trending down over the past month.

  • US steel imports poised to rise in May Jun 25, 2014

    U.S. steel mill product imports are set to climb for the second month in a row in May, driven by sharp gains in inflows of oil country tubular goods (OCTG), heavy structural shapes and hot-rolled sheet.

  • Ohio officials back Warren’s power rate request Jun 25, 2014

    Ohio politicians have thrown their weight behind Warren Steel Holdings LLC’s bid for a lower power rate, arguing that cheaper electricity is necessary if the plant is to avoid shutting down.

  • Cliffs plans to idle met coal mine Jun 25, 2014

    Cliffs Natural Resources Inc. plans to temporarily idle its Pinnacle metallurgical coal mine in West Virginia, a pause that could last more than six months, the company said in a filing with the U.S. Securities and Exchange Commission.

  • Reliance, Chapel appeal MM Steel antitrust case Jun 25, 2014

    Reliance Steel & Aluminum Co. and Chapel Steel Corp. have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to documents filed in federal District Court in Texas.

  • ITC rules stainless pipe imports injuring industry Jun 25, 2014

    The U.S. International Trade Commission (ITC) has ruled that dumped imports of welded stainless steel pressure pipe from Malaysia, Thailand and Vietnam are injuring the U.S. industry.

  • AK hiking stainless steel products Jun 24, 2014

    AK Steel Corp. will increase base prices for all stainless steel products effective with July 6 shipments.

  • Steel seen inefficient user of IT tools Jun 24, 2014

    Large integrated steelmakers have underinvested in information technology (IT) and software for years, with several corporate IT budgets at “barely maintenance” levels, according to one software consultant.

  • Southland ups freight as trucking costs soar Jun 24, 2014

    Southland Tube Inc. is increasing freight prices by 10 percent effective July 14 due to rising transportation costs, the company said in a letter to customers.

  • Tubulars on edge as trade case verdicts loom Jun 24, 2014

    The domestic energy tubular market remains on edge as final decisions in a historic anti-dumping case on oil country tubular goods (OCTG) are due in coming weeks.

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