Steel RSS

  • Baosteel to build Tianjin processing facility Nov 29, 2006

    Shanghai Baosteel Group Corp., China’s largest steelmaker, plans to build a processing plant in the northern port city of Tianjin to provide sheet to automakers in the region. Baosteel plans to start construction of the 150,000-tonne-per-year plant in the Beichen district of Tianjin after it appoints a management team in about a month, said an executive in Baosteel’s Tianjin office.

  • At least 6 die in roof collapse at Russian mill Nov 29, 2006

    Six workers have died at Magnitogorsk Iron & Steel Works, Russia’s largest steel plant, after a fire caused the roof of a rolling mill to collapse.

  • Hot-rolled band down again across the globe Benchmarker Nov 29, 2006

    The hot-rolled band market continues to lose ground, with prices registering across-the-board declines in major markets during the past two weeks, according to the latest SteelBenchmarker price report.

  • China drives year-on-year steel import gain in Oct. Nov 29, 2006

    U.S. steel imports registered a slight decline in October from the previous month, but the tally remains well ahead of year-earlier levels.

  • Stainless buyers sitting on sidelines awaiting dip Nov 28, 2006

    Stainless surcharges could dip in January despite record high nickel prices on the London Metal Exchange in the past few days, industry sources said, pegging the surcharge decline at about 3 cents a pound vs. December levels.

  • Cold-finished bar feels chill, but New Year warming seen Nov 28, 2006

    The cold-finished bar market is feeling the chill of a slowdown in the automotive sector, combined with a service center inventory correction in what is a seasonally slow period.

  • Cold-finished bar feels chill, but New Year's warming seen Nov 28, 2006

    The cold-finished bar market is feeling the pinch of a slowdown in the automotive sector, combined with a service center inventory correction in what is a seasonally slow period.

  • Morgan books bearings orders from Turkish mill Nov 28, 2006

    Morgan Construction Co.’s Morgoil division in Worcester, Mass., has received multiple orders for its Morgoil KLX bearings from Iskenderun Iron & Steel Works Co. (Isdemir), Iskenderun, Turkey.

  • Stainless buyers sitting on sidelines, awaiting dip Nov 28, 2006

    Stainless surcharges could dip in January despite record high nickel prices on the London Metal Exchange in the past few days, industry sources said, pegging the surcharge decline at about 3 cents a pound vs. December levels.

  • New deal with Japan’s Asahi Tec cuts Metaldyne buying price [UPDATE] Nov 28, 2006

    Metaldyne Corp., Plymouth, Mich., and Asahi Tec Corp. of Shizuoka, Japan, said an agreement reached with noteholders would result in a reduction of the $1.2-billion acquisition price for automotive components manufacturer Metaldyne by its Japanese competitor.

  • Natural gas group to join ITC hearing on pipe duties Nov 28, 2006

    The Interstate Natural Gas Association of America (INGAA), Washington, said it would participate in the U.S. International Trade Commission’s upcoming sunset review of anti-dumping duties on imported oil country tubular goods.

  • CVRD-China iron ore supply talks for 2007 begin on a friendly note Nov 28, 2006

    A preliminary meeting between Cia. Vale do Rio Doce (CVRD) and Chinese buyers on 2007 iron ore prices was notable for its friendly atmosphere, according to sources close to the Brazilian company quoted by the Valor Economico newspaper.

  • Cliffs appoints Brlas finance chief Nov 28, 2006

    Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11.

  • Agreement to cut Metaldyne’s purchase price Nov 28, 2006

    Metaldyne Corp., Plymouth, Mich., and Asahi Tec Corp. of Shizuoka, Japan, said an agreement reached with note holders would result in a reduction of the $1.2-billion acquisition price for automotive components manufacturer Metaldyne by its Japanese competitor.

  • Cleveland-Cliffs names Brlas new finance chief Nov 28, 2006

    Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11.

  • US raw steel production registers slight gain Nov 28, 2006

    U.S. raw steel production totaled 1,809,000 tons during the week ended Nov. 25, a 1.5-percent increase from 1,782,000 tons the previous week, as mills operated at an average capability utilization rate of 77.4 percent.

  • US, Canadian drill rig counts inch up Nov 28, 2006

    The number of drill rigs running in the United States rose by one during the week ended Nov. 22, with New Mexico posting the biggest jump (up nine), while Canadian drilling activity also rose by one rig.

  • Morgan books bearings orders from Turkish mill Nov 28, 2006

    Morgan Construction Co.’s Morgoil division in Worcester, Mass., has received multiple orders for its Morgoil KLX bearings from Iskenderun Iron & Steel Works Co. (Isdemir), Iskenderun, Turkey.

  • Cleveland-Cliffs appoints Brlas new finance chief Nov 28, 2006

    Cleveland-Cliffs Inc., Cleveland, has named Laurie Brlas as its new senior vice president, chief financial officer and treasurer, effective Dec. 11, replacing Donald J. Gallagher as acting chief financial officer.

  • Price gains double Mechel’s quarterly profit Nov 28, 2006

    Russian mining and metals giant OAO Mechel, Moscow, more than doubled its third-quarter earnings thanks to rising prices in its key markets.

  • China’s hot-roll exports in Oct. increase again Nov 27, 2006

    China’s exports of hot-rolled steel coil rose again in October as traders rushed to complete shipments before higher export costs take effect next month.

  • AK Steel, Middletown plant union slate next round of talks for Friday Nov 27, 2006

    AK Steel Corp. and the union representing locked-out workers at its Middletown, Ohio, plant have agreed to meet Friday.

  • AK, Middletown union slate next round of talks for Friday [UPDATE] Nov 27, 2006

    AK Steel Corp. and the union representing locked-out workers at its Middletown, Ohio, plant have agreed to meet Friday.

  • Severstal pegged as 3d suitor for Mittal-Weirton Nov 27, 2006

    Russian steelmaker JSC Severstal has emerged as the possible third suitor for the Weirton, W.Va., plant of Mittal Steel USA Inc., Chicago.

Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results