Steel

  • Buffalo to buy site of old Republic Steel plant Nov 12, 2007

    The city of Buffalo, N.Y., has signed a deal to buy for $4.63 million some 185 acres of industrial property that formerly housed operations of Republic Steel Co.

  • ArcelorMittal plays down shareholder lawsuit Nov 12, 2007

    ArcelorMittal has played down the significance of a lawsuit planned by three minority shareholders that claim to have been unfairly treated in the merger that created the world’s largest steelmaker.

  • Mills holding line on beams for Dec., distributors groan Nov 12, 2007

    Prices for wide-flange steel beams will end the year steady as service centers struggle to enjoy a strong market as much as the mills.

  • Iron ore miners catching brunt of dollar’s fall Bear Stearns analyst Nov 12, 2007

    While the declining value of the U.S. dollar has helped to prop up metal prices, a handful of companies, most notably iron ore producers, are feeling the pinch of a softening U.S. currency, according to a presentation by Bear Stearns & Co. Inc. analyst Anthony B. Rizzuto.

  • Claymont sees troubles behind, growth ahead Nov 12, 2007

    Things are looking brighter for Claymont Steel LLC after a dark third quarter.

  • US drill rig tally up, Canada slips Nov 12, 2007

    The number of drill rigs running in the United States increased by six last week, with the largest increase in Texas (up six), while Canadian drilling activity declined by seven rigs.

  • Iron ore miners catch brunt of US dollar’s fall analyst Nov 09, 2007

    While the declining value of the U.S. dollar has helped to prop up metals prices, a handful of metal companies, most notably iron ore producers, are feeling the pinch of a declining U.S. currency, according to a presentation made Friday by Bear Stearns & Co. Inc. analyst Anthony B. Rizzuto.

  • Dip in US trade deficit little comfort to steel [UPDATE] Nov 09, 2007

    The U.S. trade deficit came in at $56.5 billion for September, down slightly from $56.8 billion in August and below analyst expectations.

  • Stainless import downturn turns flat for September Nov 09, 2007

    U.S. imports of stainless steel were basically flat in September, declining a mere 0.7 percent rather than 4.5 percent as originally estimated, according to final data for the month from the U.S. Census Bureau. However, imports for the first nine months remained up sharply.

  • AISI to testify on cap-and-trade legislation Nov 09, 2007

    Andrew G. Sharkey III, president and chief executive officer of the American Iron and Steel Institute, will testify before the Senate Committee on Environment and Public Works Tuesday on legislation that would establish a cap-and-trade system for controlling greenhouse gas emissions.

  • PSL-NA building $103M spiral pipe mill in Miss. [UPDATE] Nov 09, 2007

    PSL-North America LLC plans to build a $103-million spiral-weld pipe mill and coating facility in Mississippi with an annual capacity of 300,000 tons.

  • EPA hearing on USS Gary Works permit set for Dec. 11 Nov 09, 2007

    A public hearing on the draft wastewater permit for Pittsburgh-based U.S. Steel Corp.’s Gary (Ind.) Works has been scheduled for Dec. 11 by the U.S. Environmental Protection Agency’s Region 5 office in Chicago.

  • Siemens merges plate operations in UK at one site Nov 09, 2007

    The Siemens Metals Technologies arm of Siemens AG, Linz, Austria, has combined its two locations in the United Kingdom in a move that will, in part, target modernization of steel plate manufacturing operations in North America.

  • Superior Court of Quebec OKs Novamerican sale to Symmetry Nov 09, 2007

    Novamerican Steel Inc., Lasalle, Quebec, said the Superior Court of Quebec issued a final order approving the plan of arrangement for the acquisition of its shares for $56 apiece by a wholly owned subsidiary of Symmetry Holdings Inc., New York.

  • Reheat furnace restart woes drive Claymont net down 84.2% Nov 09, 2007

    Problems restarting its reheat furnace after a planned plate mill outage in July was the key factor in Claymont Steel Holdings Inc., Claymont, Del., reporting an 84.2-percent decline in net income during the third quarter.

  • US trade deficit falls slightly in September Nov 09, 2007

    The U.S. trade deficit for September came in at $56.5 billion, down slightly from $56.8 billion in August and below analysts expectations.

  • EPA hearing on USS Gary Works wastewater permit set for Dec. 11 Nov 09, 2007

    A public hearing on the draft wastewater permit for Pittsburgh-based U.S. Steel Corp.’s Gary (Ind.) Works has been scheduled for Dec. 11 by the U.S. Environmental Protection Agency’s Region 5 office in Chicago.

  • Sept. stainless import downturn turns flat Nov 09, 2007

    U.S. imports of stainless steel were basically flat in September, declining 0.7 percent rather than 4.5 percent as originally estimated, according to final data for the month from the U.S. Census Bureau. However, imports in the first nine months of the year are still sharply higher than in the comparable 2006 period.

  • Siemens merges plate operations in UK at one site Nov 09, 2007

    The Siemens Metals Technologies arm of Siemens AG, Linz, Austria, has combined its two locations in the United Kingdom in a move that will, in part, target modernization of steel plate manufacturing operations in North America.

  • PSL-NA building $103M spiral pipe mill in Miss. Nov 09, 2007

    PSL-North America LLC plans to build a $103-million spiral-weld pipe mill and coating facility in Mississippi with annual capacity of 300,000 tons.

  • Superior Court of Quebec signs off on Novamerican sale to Symmetry Nov 09, 2007

    Novamerican Steel Inc., Lasalle, Quebec, said the Superior Court of Quebec issued a final order approving the plan of arrangement for the acquisition of its shares for $56 apiece by a wholly owned subsidiary of Symmetry Holdings Inc., New York.

  • China planning another export tax hike in Jan. Nov 09, 2007

    The Chinese government will raise steel export taxes again, possibly at the start of 2008, despite a steady decline in export volumes during the past few months, market participants said.

  • Jan. 22 is target for Nymex intro of steel futures Nov 08, 2007

    The New York Mercantile Exchange is expected to push back the launch date of its long-awaited steel futures contract to mid-January, according to sources close to the project.

  • ‘You haven’t seen bad yet’ in steel import mart trader Nov 08, 2007

    While the steel import front in the United States remains relatively quiet currently, rising bulk freight rates are about to shake things up dramatically.

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