• 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.

  • SSAB plate mill lead times extend to early Nov. Aug 14, 2014

    Lead times at SSAB Americas’ steel plate facilities in Montpelier, Iowa, and Mobile, Ala., are out until Nov. 3 and Oct. 13, respectively, according to a company memo.

  • Friedman logs loss as tubular prices, sales fall Aug 14, 2014

    Friedman Industries Inc. swung to a net loss in its fiscal first quarter, with higher selling prices for steel coil products offset by lower tubular sales volumes and prices, as well as higher substrate costs.

  • West Coast mills lift flat-rolled steel prices Aug 13, 2014

    West Coast flat-rolled steel producers are looking to boost prices as buyers gauge the possible impact that a trade case by domestic mills would have on the region.

  • Nucor raising steel wire rod products Aug 13, 2014

    Nucor Corp.’s Connecticut division is raising prices for all wire rod products by $10 per ton (50 cents per hundredweight) effective with shipments Sept. 1, the company said in an Aug. 13 letter to customers.

  • CMC sees construction jobs returning Aug 13, 2014

    Commercial Metals Co. (CMC) is seeing more-profitable private construction business returning and displacing low-margin public construction jobs.

  • Electralloy names Paparone financial chief Aug 13, 2014

    Electralloy has named Joseph C. Paparone II as vice president of finance and chief financial officer. He replaces Bill Warren, who has retired from the posts.

  • AK Steel sees no antitrust issues in mill buy Aug 13, 2014

    AK Steel Corp. expects to win U.S. Justice Department approval for its proposed $700-million acquisition of OAO Severstal’s integrated mill in Dearborn, Mich.

  • Canada rules rebar imports causing injury Aug 12, 2014

    In a preliminary decision, the Canadian International Trade Tribunal (CITT) has determined that allegedly dumped rebar imports from China, Korea and Turkey are injuring that country’s industry.

  • US steel beam market holding steady Aug 12, 2014

    The structural steel market appears to be "in balance," with buyers of wide-flange beams seeing little reason for pricing to move one way or the other.

  • ArcelorMittal plant lockout continues Aug 12, 2014

    A lockout of unionized workers continues at ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, but meetings between the two parties are taking place, according to a source close to the situation.

  • Insteel sees growth in rebar substitutes Aug 12, 2014

    Insteel Industries Inc. sees significant growth opportunities in the construction markets for its rebar-replacing engineered structural mesh (ESM) product.

  • Steel mill shipments falter in June vs. May Aug 12, 2014

    U.S. steel mill shipments were mixed in June, falling month on month but rising compared with the same month last year, according to data from the American Iron and Steel Institute (AISI).

  • US raw steel production slips 0.3 percent Aug 12, 2014

    U.S. raw steel output totaled an estimated 1,896,000 net tons last week, down 0.3 percent from 1,901,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.8 percent.

  • TimkenSteel hiking SBQ products Aug 11, 2014

    TimkenSteel Corp. is raising base prices on special bar quality (SBQ) products by $40 per ton and on quench and temper bar products above 9 inches by $60 per ton effective with shipments Sept. 1.

  • AK Steel to save $100M in pension costs Aug 11, 2014

    AK Steel Corp. expects to save $100 million over the next two years in reduced pension fund obligations due to legislative tweaks within the recently passed federal Highway and Transportation Funding Act.

  • Uncertainty in Turkey as geopolitics roils marts Aug 11, 2014

    Uncertainty prevails in the Turkish steel and scrap markets as geopolitical events in the region could send prices for finished products and raw materials in any direction.

  • Gallatin shutting down for maintenance in Sept. Aug 11, 2014

    Gallatin Steel Co.’s production facility in Ghent, Ky., will shut down for maintenance next month, AMM has learned.

  • Cold-rolled case may be filed soon: analysts Aug 11, 2014

    A rumored trade case against cold-rolled and galvanized steel imports could be filed as early as Labor Day weekend, according to an Aug. 11 research note by analysts at New York-based Morgan Stanley Research America.

  • Nucor files suit vs. Big River Steel project Aug 11, 2014

    Nucor Corp. is making another attempt to halt Big River Steel LLC’s $1.3-billion steel mill project near Osceola, Ark.

  • Nucor lifts mesh products $40/T Aug 11, 2014

    Nucor Corp. has increased prices for all mesh products by $40 per ton ($2 per hundredweight) effective with new orders Aug. 11.

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