Steel RSS

  • Exec predicting fewer steel traders within next 5 years Dec 08, 2006

    Between 25 and 30 percent of steel traders will disappear from the business in the next five years as the steel industry continues to consolidate, according to Wolfgang W. Schmitz, chairman of Nordic Intertrade AS.

  • Having outgrown Chicago digs, Finkl sizing up new plant sites Dec 08, 2006

    A. Finkl & Sons Co., Chicago, is seeking a partner for a new plant that will double its manufacturing capacity.

  • Timken sells Latrobe Steel unit for $215M cash Dec 08, 2006

    Timken Co., Canton, Ohio, has sold its Latrobe Steel subsidiary in Latrobe, Pa., for about $215 million in cash to a group of investors led by the Watermill Group, Hicks Holdings LLC and Sankaty Advisors LLC.

  • Exec predicting fewer steel traders within next 5 years Dec 08, 2006

    Between 25 and 30 percent of steel traders will disappear from the business in the next five years as the steel industry continues to consolidate, according to Wolfgang W. Schmitz, chairman of Nordic Intertrade AS.

  • China steel traders cast doubt on further export tax changes Dec 08, 2006

    Chinese steel traders think it is unlikely that their government will further adjust steel export taxes in the middle of December, as it has been widely expected to do.

  • Having outgrown Chicago digs, Finkl sizing up new plant sites Dec 08, 2006

    A. Finkl & Sons Co., Chicago, is seeking a partner for a new plant that will double its manufacturing capacity.

  • FTA talks between US, S. Korea break down Dec 08, 2006

    The troubled free-trade agreement (FTA) negotiations between the United States and South Korea broke down recently at a meeting in Montana.

  • US House passes offshore drilling bill Dec 08, 2006

    The House of Representatives passed a large tax, health and energy legislative package Friday afternoon that includes language that would allow for drilling for oil and natural gas in an 8-million-acre area of the Gulf of Mexico. The vote was 367 to 45.

  • ThyssenKrupp said in line for La. incentives Dec 08, 2006

    Louisiana is prepared to consider incentive packages aimed at luring ThyssenKrupp AG’s proposed $3-billion-plus steel plant to the state.

  • ATI trims electrical steel surcharge for January Dec 08, 2006

    Allegheny Technologies Inc. (ATI), Pittsburgh, has reduced its silicon electrical steel surcharge for January to $268 a ton ($13.40 per hundredweight) from $296 a ton ($14.80 per cwt) currently.

  • Antwerp eyes record 4th-qtr. Asia coil imports Dec 08, 2006

    The Belgian port of Antwerp is expected to handle record steel coil imports from China and India in the final three months of this year.

  • Harris Steel in talks on potential sale; stock price jumps Dec 08, 2006

    Harris Steel Group Inc., Toronto, has entered into preliminary talks with an unidentified party that could possibly result in the sale of the Canadian reinforcing bar fabricator.

  • Harris Steel in talks on potential sale; stock price jumps Dec 08, 2006

    Harris Steel Group Inc., Toronto, has entered into preliminary talks with an unidentified party that could possibly result in the sale of the Canadian reinforcing bar fabricator.

  • ATI trims electrical steel surcharge Dec 08, 2006

    Allegheny Technologies Inc. (ATI), Pittsburgh, has reduced its silicon electrical steel surcharge for January to $268 a ton ($13.40 per hundredweight) from $296 a ton ($14.80 per cwt) currently.

  • W-P probe shows execs’ stock sales within rules Dec 07, 2006

    A preliminary investigation by Wheeling-Pittsburgh Steel Corp. into possible insider trading by three executives indicates the trades were made in advance of warnings of reduced fourth-quarter financial expectations.

  • Seasonal slowdown puts a hold on steel import prices Dec 07, 2006

    U.S. steel product import prices at the Port of Houston held the line for the most part during the past week as buying patterns slowed due to what several traders called a typical seasonal slowdown.

  • Specialty steel imports up 9% in 1st 9 months Dec 07, 2006

    U.S. imports of specialty steel products slid in September, although the year-to-date total continued to outpace 2005, according to data from the Specialty Steel Industry of North America, Washington.

  • Schmolz plans to launch new facility in S.C. Dec 07, 2006

    Schmolz+Bickenbach AG, Emmenbrücke, Switzerland, is changing the name of its U.S. distribution unit to Schmolz+Bickenbach USA Inc. from Swiss Steel International NA and is opening a new distribution facility in Greer, S.C.

  • CMC targets Europe growth with Belgian office Dec 07, 2006

    Commercial Metals Deutschland GmbH, a European subsidiary of Commercial Metals Co., Irving, Texas, has set up a branch office in Temse, Belgium.

  • W-P probe hints execs' stock trades were within boundaries Dec 07, 2006

    Wheeling-Pittsburgh Steel Corp. said a preliminary investigation into possible insider trading by three top executives indicates the trades were made in advance of warnings of reduced fourth-quarter financial expectations.

  • Specialty steel imports up in 9% first 9 months SSINA Dec 07, 2006

    U.S. imports of specialty steel products slipped in September, though the nine-month pace remains 9 percent ahead of the January-to-September 2005 period, according to data from the Specialty Steel Industry of North America (SSINA), Washington.

  • Seasonal lull has steel import prices in holding pattern Dec 07, 2006

    U.S. steel product import prices at the Port of Houston held the line for the most part during the past week as buying patterns slowed due to what several traders called a typical seasonal slowdown.

  • Schmolz plans to launch new warehouse in S. Carolina Dec 07, 2006

    Schmolz + Bickenbach AG, Emmenbrücke, Switzerland, is changing the name of its U.S. distribution unit from Swiss Steel International NA to Schmolz+Bickenbach USA Inc. and opening a new distribution facility in Greer, S.C.

  • Quanex earnings rise on stronger shipments Dec 07, 2006

    Quanex Corp., Houston, posted net income of nearly $39.2 million during its fiscal fourth quarter, up 25.5 percent from the same period last year, on sales that rose 9.2 percent to more than $527.7 million thanks in part to solid shipments from its Macsteel and Nichols Aluminum divisions.

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