Steel

• Ryerson Tull plans name change Oct 05, 2005

  Metals service center giant Ryerson Tull Inc. plans to change its name to Ryerson Inc. on Jan. 1 following the recent addition of new companies to its Joseph T. Ryerson & Son Inc. and J.M. Tull Metals Co. Inc. origins.

• ISSF names two new members, one affiliate Oct 05, 2005

  The International Stainless Steel Forum (ISSF) named two new members and one affiliate member at its meeting in Seoul, South Korea.

• Declining steel prices put pinch on Novamerican's income in qtr. Oct 04, 2005

  Novamerican Steel Inc.'s net income plunged 80.3 percent to less than $4.3 million in its fiscal third quarter on sales that dropped 5.2 percent to $191.2 million compared with the same period last year.

• Brazil pig iron price drop clouds market Oct 04, 2005

  Export prices for Brazilian pig iron fell $10 to between $230 and $235 a tonne f.o.b. this week on a lack of buyer interest, causing uncertainty among producers following a recent upturn.

• Alpha Processing to join Macsteel holdings Oct 04, 2005

  Macsteel Service Centers USA Inc., Newport Beach, Calif., is adding the business and assets of Alpha Processing Inc., Chicago, to its purchase earlier this year of Alpha Steel Corp.

• Carpenter unit adds energy charge Oct 04, 2005

  The Specialty Alloys Operations unit of Carpenter Technology Corp., Wyomissing, Pa., is implementing an energy surcharge on all stainless and specialty alloy products shipped after Oct. 15.

• Ohio output hit by high stocks, auto slowdown Oct 04, 2005

  Steelmakers in Ohio saw production and shipments slow in the second quarter and first half of 2005 vs. the comparable periods last year, according to a report by the Ohio Steel Council.

• Preston Publishing develops database Oct 04, 2005

  Preston Publishing, Kemah, Texas, which monitors pricing in the oil country tubular goods market, has developed a Web site (www.steelsupplymonitor.com) detailing steel import licenses required by the U.S. International Trade Administration.

• It's official Mittal's new digs in Chicago Oct 04, 2005

  It might have been one of the worst-kept secrets in the steel industry Mittal Steel USA's headquarters will be in downtown Chicago.

• USS Europe ups tin mill products Oct 04, 2005

  U.S. Steel Europe plans to raise prices of tin mill products by a minimum of 10 percent effective with orders for delivery Jan. 1, 2006, and later. The price increases apply to orders at U.S. Steel Kosice s.r.o., Kosice, Slovakia, and U.S. Steel Serbia d.o.o., Smederevo, Serbia.

• US raw steel production declines 1.3 percent Oct 04, 2005

  Raw steel output in the United States totaled 1,990,000 tons last week, a 1.3-percent decline from 2,016,000 tons produced the previous week, as mills operated at an average capability utilization rate of 86.1 percent.

• Drilling up strongly in US, Canada Oct 04, 2005

  The number of drill rigs running in the United States jumped by 32 last week, with the largest increase in Texas (up 38), while Canadian drilling activity soared by 111 rigs.

• Stelco's creditors poised to knock down plan Oct 03, 2005

  Creditors of steelmaker Stelco Inc. have enough votes to defeat the company's restructuring plan, the court-appointed monitor said Friday.

• Signed, sealed and set to roll Correnti's SeverCorr finally on Oct 03, 2005

  After three years of planning, financial wrangling and even a hurricane to add to the drama, steel industry veteran John Correnti is getting his steel mill.

• Mittal files $3B shelf registration Oct 03, 2005

  Mittal Steel Co. NV, Rotterdam, plans to periodically sell up to $3 billion in debt securities, Class A common shares and warrants.

• Caution aired, but short-term views upbeat with China steering the way Oct 03, 2005

  Coming off a year of record-breaking profits, the short-term outlook for the global steel industry remains positive, according to a report released Monday by the International Iron and Steel Institute (IISI) at its 39th annual conference in Seoul, South Korea.

• Energy conservation is hot topic at IISI meeting in Seoul Oct 03, 2005

  Four years after efforts to host the International Iron and Steel Institute's annual meeting were scotched by the terrorist attacks of Sept. 11, 2001, the city of Seoul, South Korea, is hosting IISI-39 this week, with energy conservation chief among the topics for discussion by the world's steel producers.

• S. Korea's Posco set to advance India, China growth plans exec Oct 03, 2005

  South Korean steelmaker Posco Ltd. is pressing ahead with expansion plans in India and China.

• Gerdau Ameristeel's Iowa union stays on job as contract expires Oct 03, 2005

  About 360 workers at the Wilton, Iowa, merchant bar operation of Gerdau Ameristeel Corp., Tampa, Fla., remained on the job Monday despite the expiration of a three-year labor agreement.

• Valbruna adding energy charge Oct 03, 2005

  Valbruna Stainless Inc., Fort Wayne, Ind., is adding an energy component to the surcharge on all its products effective Oct. 1.

• Auto steel project wins energy efficiency award Oct 03, 2005

  An advanced automotive steel project has received the Alliance to Save Energy (ASE) 2005 Stars of Energy Efficiency Award in recognition of its efforts to improve energy efficiency.

• Four steelmakers in Russia add names to IISI membership roster Oct 03, 2005

  Russian steelmakers EvrazHolding Group, JSC Magnitogorsk Iron & Steel Works, Novolipetsk Steel Plant and TMK Steel Ltd. have joined the International Iron and Steel Association (IISI).

• Ellwood ramps up ingot production Oct 03, 2005

  The production ramp-up of the former National Forge Co. melt shop in Irvine, Pa., remains on schedule and ingot output in the fourth quarter is expected to reach the targeted rate of 4,000 net tons per month, according to Ellwood National Steel, a wholly owned subsidiary of Ellwood Quality Steels Co., New Castle, Pa.

• Elwood increases forging ingots Oct 03, 2005

  Ellwood Quality Steels Co., New Castle, Pa., has increased base prices on bottom-poured carbon and low-alloy forging ingots by $50 per short ton effective with orders received after Oct. 1. It is the company's first increase for such products in more than eight years.