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I would like to clarify certain comments that I made on our first-quarter conference call April 25 which were then reported in AMM regarding the CRU Steel Index (amm.com, April 25).
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Handy & Harman Ltd.’s tubing division saw its first-quarter operating earnings rise from a year earlier even though sales fell.
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A growing cost-savings drive by companies in the domestic drilling sector has had an impact on product mix, according to two large tube and pipe makers.
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Latin American steelmaker Ternium SA might choose to expand its crude steel capacity in Mexico following its exit from the sale process of ThyssenKrupp AG’s 73.13-percent stake in the 5-million-tonne-per-year Cia. Siderúrgica do Atlântico (CSA) slab plant in Brazil.
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Nucor Corp. has lowered its base price on concrete reinforcing bar by $20 per ton ($1 per hundredweight) effective with shipments May 2, the steelmaker said in a May 2 letter to customers.
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Nucor Corp. has lowered its base price on most merchant bar and structural products by $20 per ton ($1 per hundredweight) effective with May 2 shipments "due to market conditions," the Charlotte, N.C.-based steelmaker said in a May 2 letter to customers.
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Tenaris SA expects pipe and tube demand from the Mexican market to rise in the medium term, as the country—now an importer of natural gas—begins to exploit its shale reserves.
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Structural steel prices have become a moving target as two of the three major U.S. producers posted their second reductions in a month.
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Market speculation is mounting about a possible trade case against Turkey after total rebar imports soared to more than 140,400 tons in March. However, some dismissed rumors of a trade case as nothing more than customary saber-rattling.
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Vallourec SA plans to commission the finishing lines at its new mill in Youngstown, Ohio, during the second quarter, with ramp-up of the facility "advancing as scheduled," the company said in its first-quarter earnings report May 2.
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Luxembourg-based pipe and tube maker Tenaris SA is working with U.S. steelmakers to determine the best way to cope with a wave of imports that has dragged down prices.
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Employees at U.S. Steel Corp.’s pickling operations in Nanticoke, Ontario, have been told by management not to talk to locked-out United Steelworkers union members outside its Lake Erie Works.
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Profits in the flat-rolled stainless steel industry will be "nonexistent for the next three years," according to an executive at Global Stainless Steel Inc.
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U.S. Steel Corp. continues to see solid demand in the automotive market, but the steelmaker says it has yet to see a significant uptick in the construction sector.
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To assist engineers and automakers in applying the most lightweight and cost-effective steel bumpers in passenger cars and light trucks, the Steel Market Development Institute’s (SMDI’s) Bumper Group has released the fifth edition of its product manual.
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Gerdau Long Steel North America has lowered its merchant steel product base prices by $20 per ton ($1 per hundredweight) effective with May 1 shipments, the company said in a letter to customers.
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Tenaris SA expects North American drilling activity to begin to pick up by the end of the year, while international drilling activity is expected to increase slowly throughout the remainder of 2013, the company said in its first-quarter earnings report.
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China’s H-beam export market has slumped on thin trade, shedding $20 per tonne over the past week.
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Zhejiang Zhoushan Bulk Commodity Exchange is seeking to launch a spot iron ore trading platform by year-end.
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The U.S. Commerce Department’s International Trade Administration (ITA) has given notice for interested parties to participate in various administrative reviews.
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U.S. steel imports appear to have bucked a two-month slide, increasing 4 percent in April from the previous month on increased shipments from Brazil and Japan.
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U.S. Steel Corp. expects domestic drilling activity to pick up as natural gas prices, buoyed by a drawdown of stocks due to a longer than expected winter in some parts of the country, have risen to more than $4 per million British thermal units (mmBtu).
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New parts of the Affordable Care Act (ACA) will come into full force in eight months, and while most steel companies are sticking with the health insurance plans they currently offer employees, they aren’t happy about what may come next.
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U.S. Steel Corp. is considering vertically integrating into natural gas if the opportunity is right, its top executive said.