Steel RSS

  • Nucor cutting SBQ surcharge $22 a ton Dec. 1 Nov 21, 2007

    Nucor Corp., Charlotte, N.C., plans to cut its raw material surcharge on special bar quality (SBQ) products by $22 a ton ($1.10 per hundredweight), effective with Dec. 1 shipments, to $130 a ton ($6.50 per cwt).

  • Steel industry keeping close tabs on Doha Round rules discussions Nov 21, 2007

    The U.S. steel industry is attempting to apply pressure on the Doha Round’s rules negotiations, a top industry lobbyist said Wednesday.

  • Paulson to lead high-level trade talks in China Dec. 12-13 Nov 21, 2007

    Treasury Secretary Henry Paulson will lead a delegation to China next month for the next meeting of the U.S.-China Strategic Economic Dialogue (SED).

  • Steel industry keeping close eye on Doha rules talks Nov 21, 2007

    The U.S. steel industry is attempting to apply pressure on the Doha Round’s rules talks, a top industry lobbyist said Wednesday.

  • SeverCorr steel plant using Timken bearings Nov 21, 2007

    The new SeverCorr LLC steel plant near Columbus, Miss., is rolling along with bearings from Timken Co., Canton, Ohio. Timken said its bearing assemblies were used in the major production systems supplied by SMS Demag AG for the SeverCorr plant. SMS Demag provided melt equipment, hot- and cold-rolling mills, galvanizing and pickling lines, as well as a temper mill, for the new plant. The Timken bearing assemblies were installed in gear units, roller tables and continuous casting equipment, as well as in the roll necks of the hot- and cold-rolling mills. Timken customized the bearing assemblies to maximize mill performance and product quality, Michael J. Connors, Timken’s president of process industries, said.

  • Siemens Metals books Egyptian mill order Nov 21, 2007

    Siemens Metals Technologies, Linz, has received an order from Beshay Steel, Cairo, Egypt, for the engineering and supply of a melt shop to be installed at Sadat City, Egypt. The new mill, Egyptian Sponge Iron & Steel Co., will include a 165-tonne electric-arc furnace, a 165-tonne ladle furnace and a six-strand high-speed billet caster. It will have an annual capacity of about 1.3 million tonnes of bars and sections. The first heat is expected to be produced at the new mill in March 2009, Siemens said. Beshay Steel operates two mills in Sadat City, producing about 1 million tonnes of bar and wire rod for the local construction industry. The rapidly expanding demand for steel products in the region has prompted Beshay Steel to build a third steel mill adjacent to its existing facilities.

  • Xiangtan, Hyundai in long-term plate accord Nov 21, 2007

    Xiangtan Iron & Steel Group Co. Ltd. has signed a long-term agreement to supply shipbuilding plate to South Korea’s Hyundai Heavy Industries Co. Ltd. (HHI), the world’s biggest shipbuilder. “This is the first time for us to establish a formal cooperation relationship with Xiangtan, and our contract prices will be based on an agreement in line with (the) free market each year,” a senior manager in HHI’s Shanghai office said. Xiangtan, wholly owned by China’s 10th-largest steelmaker, Hunan Valin Iron & Steel Group Co. Ltd., declined to give details of the contract. However, HHI is set to increase its imports of Chinese shipbuilding plate to between 680,000 and 730,000 tonnes this year from 450,000 tonnes last year, according to unconfirmed local reports. Earlier this year, HHI secured a similar deal for heavy plate with Tangshan Iron & Steel Co. Ltd. and last year signed a memorandum of understanding with Baosteel Group Corp. Ltd. to buy 180,000 tonnes of steel plate annually. Xiangtan, based in Hunan province, has the capacity to produce 40,000 to 50,000 tonnes of shipbuilding plate per month and is scheduled to bring its 1.4-million-tonne-a-year plate expansion on-stream next March. It produced 4.6 million tonnes of crude steel last year.

  • U.S. Steel, Tenaris set Jan. 1 boost in pipe prices Nov 21, 2007

    U.S. Steel Corp., Pittsburgh, and Tenaris SA aim to boost pipe prices by $50 to $75 a ton, effective with Jan. 1 shipments.

  • Siemens Metals Technologies books Egyptian mill order Nov 21, 2007

    Siemens Metals Technologies, Linz, said it recently received an order from Beshay Steel, Cairo, for the engineering and supply of a melt shop to be installed at Sadat City, Egypt.

  • Warren ramps up production after 1-year makeover Nov 21, 2007

    After a year-long makeover, Warren Steel Holdings LLC has ramped up production.

  • Baosteel plans to boost prices in 1st qtr. Nov 20, 2007

    Baoshan Iron & Steel Co. Ltd. (Baosteel), China’s largest steelmaker, plans to raise hot-rolled coil prices in the first quarter of 2008 by 8.5 percent.

  • Steel disappointed as trade reforms put on back burner Nov 20, 2007

    No trade bill will be voted out of the House Ways and Means Committee this year, two steel industry lobbyists said Tuesday.

  • Stupp allocates $60M for spiral pipe mill in La. Nov 20, 2007

    Line pipe maker Stupp Corp. will begin construction soon on a $60-million spiral-weld pipe mill with an annual capacity of 150,000 to 180,000 tons, company executives said.

  • Steel shakes off ITC ‘no’ vote on China paper Nov 20, 2007

    The domestic steel pipe industry is not worried by Tuesday’s vote by the U.S. International Trade Commission (ITC) not to impose anti-dumping or countervailing duties on imports of coated paper from China, an attorney representing circular welded pipe producers said.

  • US automakers may find ’08 a difficult time to restructure Nov 20, 2007

    U.S. automakers plan big changes in the wake of their new labor deals with the United Auto Workers (UAW) union, but 2008 won’t be an easy time to make them, analysts at Standard & Poor’s said Tuesday.

  • SeverCorr mill using Timken bearing assemblies Nov 20, 2007

    The new SeverCorr LLC steel plant is rolling along with bearings from the Timken Co., Canton, Ohio.

  • US helps China push global steel output 6.6% higher in October Nov 20, 2007

    World crude steel production rose again in October, sparked by growth in China and supplemented by increased production in the United States.

  • Warren Steel ramps up, targets 800,000T in round bar output Nov 20, 2007

    After a year-long makeover, Warren Steel Holdings LLC (WSH) has ramped up production.

  • Trade reform might have to wait until next year Nov 20, 2007

    No trade bill will be voted out of the Ways and Means Committee this year, two steel industry lobbyists said Tuesday.

  • Steel shakes off ITC vote on Chinese paper duties Nov 20, 2007

    The domestic steel pipe industry is not worried by Tuesday’s vote by the U.S. International Trade Commission not to impose anti-dumping or countervailing duties on imports of free sheet paper from China, an attorney representing circular welded pipe producers said.

  • Stupp lays plan to build $60M spiral-weld pipe mill Nov 20, 2007

    Line pipe maker Stupp Corp. will soon begin construction on a new $60-million spiral-weld pipe mill that is expected to have an annual capacity of 150,000 tons to 180,000 tons, company executives said.

  • Ferrostaal, CCC, Villacero tie 3-way steel trading knot Nov 19, 2007

    Man Ferrostaal AG, Coutinho Caro + Co. International Trading GmbH (CCC) and Grupo Villacero SA de CV will combine their global steel trading activities effective Jan 1.

  • IISI blasts BHP-Rio Tinto link, points to danger of monopoly Nov 19, 2007

    BHP Billiton’s proposed acquisition of Rio Tinto has been slammed by the International Iron and Steel Institute (IISI), which is calling on competition authorities to review the tie-up closely because of the danger of creating a monopoly in iron ore.

  • Heat-treat plate output to grow at Oregon Steel Nov 19, 2007

    Evraz Oregon Steel Mills Inc. will increase its heat-treat plate capacity by one-third in a move that could help boost availability for non-defense buyers.

Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events