Steel RSS

  • Gerdau boosts stake in Siderperú Nov 20, 2006

    Brazil’s Grupo Gerdau SA has increased its stake in the total capital of Peru's Siderperú to 83.27 percent via its acquisition of a 32.84-percent stake in the integrated steelmaker in an auction held last week, the company said.

  • Evraz deal for Oregon Steel fills void for both producers Nov 20, 2006

    The proposed $2.3-billion acquisition of Oregon Steel Mills Inc. by Evraz Group SA would give the West Coast producer an in-house slab source while providing the Russian steelmaker with a U.S. presence.

  • Allegheny Ludlum adding chromium to surcharge mix Nov 20, 2006

    The rising cost of premium-quality chromium has compelled Allegheny Ludlum Corp., a subsidiary of Pittsburgh-based Allegheny Technologies Inc., to add an extra component to its surcharge on super-ferritic stainless steels.

  • Top Maverick execs out, headquarters to move [UPDATE] Nov 20, 2006

    Tenaris SA, which recently completed its takeover of Maverick Tube Corp., has ousted three members of the oil country tubular goods maker’s senior management team.

  • Mesabi Nugget idled by Cliffs, SDI pricing discord [UPDATE] Nov 20, 2006

    The Mesabi Nugget LLC project has been idled, with two of the project’s partners—Cleveland-Cliffs Inc., Cleveland, and Steel Dynamics Inc. (SDI), Fort Wayne, Ind.—at odds over pricing. Meanwhile, the project’s third partner—Kobe Steel Ltd., Kobe, Japan—will work with Cliffs to separately develop a commercial-scale reduced iron plant.

  • Top Maverick execs out, headquarters to move Nov 20, 2006

    Tenaris SA, which recently completed its takeover of Maverick Tube Corp., has ousted three members of the oil country tubular goods maker’s senior management team.

  • New lineup slated for Gerdau executive board Nov 20, 2006

    Brazil’s Grupo Gerdau SA is scheduled to announce a new executive board Tuesday that is expected to lead it to further expansion both in the Americas and Europe, as well as paving the way for entry into Asia.

  • CSN mulls next move following W-P vote Nov 20, 2006

    Cia. Siderúrgica Nacional (CSN), Rio de Janeiro, is mulling its options for Wheeling-Pittsburgh Steel Corp. after the Wheeling, W.Va.,-based steelmaker’s shareholders late last week voted in favor of a new company board put forward by Esmark Inc. (AMM, Nov. 20).

  • Arcelor Mittal to raise capacity at German mills Nov 20, 2006

    Arcelor Mittal plans to lift capacity at two of its largest German mills as part of its long-term strategy to boost market share in eastern Europe.

  • ITC to review Chinese foundry coke duties Nov 20, 2006

    The U.S. International Trade Commission (ITC) has voted to conduct an expedited five-year sunset review of antidumping duty orders on foundry coke from China.

  • At least three suitors ready to woo Mittal’s Weirton plant Nov 20, 2006

    Suitors are lining up to buy Mittal Steel USA Inc.’s mill in Weirton, W.Va., according to the Independent Steelworkers Union there.

  • Nippon-Hyundai stainless is light on nickel Nov 20, 2006

    Stainless steel producers from Japan and South Korea have teamed up to introduce a new grade to compete with Type 304 stainless that contains less nickel and is about 15 percent cheaper.

  • ITC to review duties on foundry coke from China Nov 20, 2006

    The International Trade Commission has voted to conduct an expedited five-year sunset review of anti-dumping duty orders on foundry coke from China. Observers are confident that the commission will vote to reauthorize the duties, although the ITC’s vice-chairperson Shara Aranoff did not vote to conduct a review.

  • Suitors emerge for Mittal Steel’s Weirton mill [UPDATE] Nov 20, 2006

    The Independent Steelworkers Union (ISU) is awaiting word from the U.S. Department of Justice before discussing potential new ownership possibilities for the Weirton, W.Va., operations of Mittal Steel USA Inc., Chicago.

  • Cliffs, partners halt work on Mesabi Nugget project Nov 20, 2006

    The Mesabi Nugget LLC project has been placed on hold, as the participants haven't been able to reach an agreement on the terms necessary to move forward with construction of a reduced iron plant, Cleveland-Cliffs Inc. said late Friday.

  • Tenaris implemeting changes at Maverick Tube Nov 20, 2006

    With its acquisition of Maverick Tube Corp. complete, Luxembourg-based Tenaris SA is making changes to the company.

  • (MB) Evraz to buy Oregon Steel for $2.3B [UPDATE] Nov 20, 2006

    Evraz Group SA has agreed to buy Oregon Steel Mills Inc. for $2.3 billion in cash in a deal that gives the Russian company access to lucrative North American markets and secures slab supply for Oregon Steel, the two companies said in a joint statement.

  • Suitors emerge for Mittal Steel USA’s Weirton mill Nov 20, 2006

    The Independent Steelworkers Union (ISU), which represents hourly workers at the Weirton, W.Va., operations of Mittal Steel USA Inc., Chicago, said it has fielded "numerous" expressions of interest in the steel works.

  • Cliffs, partners halt efforts to develop Mesabi Nugget project Nov 20, 2006

    The Mesabi Nugget LLC project has been placed on hold, as the participants haven’t been able to reach an agreement on the terms necessary to move forward with construction of a reduced iron plant, Cleveland-Cliffs Inc., Cleveland, said.

  • Chinese investments in metals cool slightly Nov 17, 2006

    Efforts by Chinese authorities to slow the development of the steel and nonferrous sectors have met with limited success.

  • Chinese traders switch terms to reduce risks Nov 17, 2006

    More Chinese steel trading houses are switching the delivery terms of their export offers to cost and freight (c.f.r.) from free on board (f.o.b.), taking responsibility for ocean shipment in an effort to speed up transactions and reduce the risks they perceive from changeable government policies.

  • Mittal names Ranade manager at Burns Harbor Nov 17, 2006

    Mittal Steel USA Inc. has named Madhukar “Madhu” Ranade general manager of its Burns Harbor, Ind., plant. Ranade previously served as Mittal Steel USA’s senior director of primary operations.

  • Toronto exchange OKs Algoma share buyback Nov 17, 2006

    Algoma Steel Inc., Sault Ste. Marie, Ontario, has received regulatory approval from the Toronto Stock Exchange to initiate a new normal course issuer bid. Under the terms of the bid, Algoma can purchase for cancellation up to 3,165,414 of its common shares, representing 10 percent of the public float.

  • Posco gets Vietnam nod on $361M steel plant Nov 17, 2006

    South Korean steelmaker Posco Ltd. has received approval from the Vietnamese government to build a $361-million cold-rolling mill in Ba Ria-Vung Tau province, south of Ho Chi Minh City.

Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events