Steel RSS

  • ArcelorMittal to raise flat roll $40 in US, hold line in Europe Nov 19, 2007

    ArcelorMittal plans to boost prices of flat-rolled steel by $40 per ton effective with shipments Jan. 1, but only on this side of the Atlantic Ocean.

  • Delphi inches closer to Ch. 11 exit as $6.8B in financing OK’d Nov 19, 2007

    Financially troubled auto parts giant Delphi Corp. is one step closer to emerging from bankruptcy protection, but that doesn’t mean it will suddenly be ramping up production and buying more metal from North American mills, analysts said.

  • Oregon Steel heat-treat hike seen aiding non-military marts 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.

  • Ferrostaal, CCC, Villacero tie 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.

  • Steel eyes fallout as Bush vehicle rules rejected Nov 19, 2007

    A U.S. appeals court has rejected the Bush administration's year-old fuel economy standards for light trucks and sports-utility vehicles as too soft, a decision that could eventually lead to smaller vehicles that use less steel, one industry analyst said.

  • Mill shipments down 7.7% in Sept. Nov 19, 2007

    U.S. steel mills shipped 7,703,813 tonnes of steel in September, a 7.7-percent decline from 8,345,192 tonnes in the same month last year and 7.8 percent below the 8,354,264 tonnes shipped the previous month, according to data from the American Iron and Steel Institute, Washington.

  • Eurofer prepares dumping plea on Chinese wire rod Nov 19, 2007

    European steel industry trade association Eurofer is finalizing the details of an anti-dumping complaint on imports of wire rod from Chinese producers, a spokesman for the group said Monday.

  • WCI furnace outage seen lasting 2 more weeks Nov 19, 2007

    Adding to its string of woes, WCI Steel Inc.’s blast furnace in Warren, Ohio, is facing another two weeks of downtime due to repairs resulting from a recent fire.

  • US steel mill shipments down 7.7 percent in Sept. AISI Nov 19, 2007

    U.S. steel mills shipped 7,703,813 tonnes of steel in September, a 7.7-percent drop from 8,345,192 tonnes in the same month last year and 7.8 percent below the 8,354,264 tonnes shipped the previous month, according to data from the American Iron and Steel Institute, Washington.

  • At worst, Consol sees mine idling running into Jan. Nov 19, 2007

    The idling of one of Consol Energy Inc.’s metallurgical coal mines could extend into January, but that’s a worst-case scenario, the Pittsburgh-based company said.

  • Gerdau buying Macsteel unit of Quanex for $1.46B Nov 19, 2007

    In another foray into the North American market, Brazil’s Gerdau SA has inked a deal to acquire the Macsteel business of Quanex Corp. for $1.46 billion.

  • At worst, Consol sees mine idling running into January Nov 19, 2007

    The idling of one of Consol Energy Inc.’s metallurgical coal mines could extend into January, but that’s a worst-case scenario, the Pittsburgh-based company said.

  • Energy market pulling foreign line pipe to US Nov 16, 2007

    Strong energy markets have spawned a host of new spiral-weld pipe mills in the United States, but they’re also attracting foreign line pipe—and not just from much-lambasted China.

  • Flat-rolled hike expected to stick despite thin mart Nov 16, 2007

    Steel service center customers are buying more steel these days in advance of announced price increases, but beyond that demand for steel remains low, according to service center sources.

  • China exporters expect no big price shifts Nov 16, 2007

    Chinese steel export prices are likely to stay flat until the end of the year despite domestic price increases, traders said.

  • Ford deal to rescue plants not likely to help suppliers Nov 16, 2007

    Ford Motor Co. will spare several plants from closure as part of its new contract with the United Auto Workers union, but that doesn’t mean North American suppliers to the company are in the clear.

  • Rejection of Bush vehicle rules could have impact on steel Nov 16, 2007

    A U.S. appeals court has rejected the Bush administration's year-old fuel economy standards for light trucks and sport utility vehicles as too soft, a decision that could eventually lead to smaller vehicles that use less steel, one industry analyst said.

  • Flat-rolled hike expected to stick despite thin market Nov 16, 2007

    Steel service center customers are buying more steel these days in advance of announced price increases, but beyond that demand for steel remains low, according to service center sources.

  • Dofasco workers’ interest in union backing grows USW Nov 16, 2007

    Progress is being made organizing workers at a major non-union operation of ArcelorMittal, the United Steelworkers union said.

  • Energy strength propels rush of US line pipe imports Nov 16, 2007

    Strong energy markets have spawned a host of new spiral-weld pipe mills in the United States, but they’re also attracting foreign line pipe—and not just from much-lambasted China.

  • Ista slams Eurofer complaint vs. China imports Nov 16, 2007

    The International Steel Trade Association (Ista) has slammed Eurofer’s recent anti-dumping complaint to the European Commission over imports of steel products from China and other countries.

  • Russia steelmakers plan anti-dumping petitions Nov 16, 2007

    Three major Russian steelmakers are planning to file two anti-dumping complaints with Russian authorities against certain coated strip steel, Dmitry Goroshkov, JSC Severstal’s sales director, said.

  • Russia boom opens door to foreign competition Nov 16, 2007

    The booming Russian economy is exposing the country’s steel producers to unprecedented competition as more imports penetrate the market to plug supply shortages, a major international steel trader said.

  • Rolled Metal Products buys Torrington Brass Nov 16, 2007

    Rolled Metal Products Inc., Bensalem, Pa., has purchased competitor Torrington Brass & Steel Co., Torrington, Conn., from Interwire Group, Armonk, N.Y., which distributes a variety of wire products from eight locations.

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