Steel RSS

  • Scrap driving beam hike of $25 a ton for January Dec 17, 2007

    Buyers of wide-flange beams are being prepared for still-higher prices following a New Year’s hike that’s being driven largely by higher scrap costs.

  • Baffinland, TK Steel sign iron ore supply deal Dec 17, 2007

    Baffinland Iron Mines Corp., Toronto, plans to sell up to 3 million tonnes of iron ore annually to ThyssenKrupp Steel AG.

  • Wheeling-Pitt job cuts near union leader Dec 14, 2007

    Job cuts at Wheeling-Pittsburgh Steel Corp. appear to be on the way as the Wheeling, W.Va.-based steelmaker looks to right-size its operations, according to a union leader at one plant.

  • Nucor lifting bar extra, slicing base Dec 14, 2007

    The bar mill group of Nucor Corp., Charlotte, N.C., will implement a $25-per-net-ton ($1.25-per-hundredweight) increase on reinforcing bar, merchant bar and structural products effective with Jan. 1 shipments.

  • ArcelorMittal’s deal for Laiwu stake falls apart Dec 14, 2007

    ArcelorMittal SA’s plans to acquire a stake in China’s Laiwu Steel Group have run aground.

  • USW members headed for Pittsburgh summit Dec 14, 2007

    United Steelworkers union members from throughout North America are convening Monday in Pittsburgh to discuss strategy for upcoming bargaining with major steel and iron ore producers.

  • Baffinland, ThyssenKrupp Steel ink iron ore supply deal Dec 14, 2007

    Baffinland Iron Mines Corp., Toronto, said it plans to sell up to 3 million tonnes of iron ore annually to ThyssenKrupp Steel AG.

  • Sepetiba force majeure complicates Vale's shipping [UPDATE] Dec 14, 2007

    A unit of Brazil’s Vale has declared force majeure on iron ore shipments out of Sepetiba port in Rio de Janeiro state, the company confirmed late Friday.

  • USW members headed for Pittsburgh summit Dec 14, 2007

    United Steelworkers union members from throughout North America are convening Monday in Pittsburgh to discuss strategy for upcoming bargaining with major steel and iron ore producers.

  • Senate committee eyes global cap-and-trade standard Dec 14, 2007

    The Senate Finance Committee intends to hold a hearing next week examining how to persuade foreign countries to adhere to the emissions standards proposed under the Lieberman-Warner cap-and-trade bill, a Capitol Hill source said Friday.

  • Nucor lifting bar product surcharge, cutting base price Dec 14, 2007

    The bar mill group of Nucor Corp., Charlotte, N.C., is hoping that a surcharge increase and a base price decrease will result in a $25-per-net-ton ($1.25-per-hundredweight ) gain on its reinforcing bar, merchant bar and structural products in January.

  • Siemens to supply pickling line to China’s Wisco Dec 14, 2007

    Siemens AG, Munich, Germany, has received an order from China’s Wuhan Iron & Steel Group Corp. (Wisco) to equip its new No. 3 five-stand coupled tandem pickling line with mechanical equipment, drive and automation systems and technological controls.

  • Siemens to supply China pickle line Dec 14, 2007

    Siemens AG, Munich, Germany, has received an order from China’s Wuhan Iron & Steel Group Corp. (Wisco) to equip its new No. 3 five-stand coupled tandem pickling line with mechanical equipment, drive and automation systems and technological controls.

  • Ludlum ups electrical steel charge Dec 14, 2007

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, plans to increase its January surcharge on silicon electrical steel products to $393 a ton ($19.65 per hundredweight) from $390 a ton ($19.50 per cwt) this month and $385 a ton ($19.25 per cwt) in November.

  • Republic warns federal funding for dredging is key to survival Dec 14, 2007

    Steelmakers and other industrial businesses in the Great Lakes region say federal funding is key for dredging if they are to survive as viable businesses.

  • Gerdau Ameristeel hiking wire rod Dec 14, 2007

    Gerdau Ameristeel Corp., Tampa, Fla., plans to boost wire rod product prices by $40 a ton ($2 per hundredweight), effective with Feb. 1 shipments. The move applies to mills in Beaumont, Texas, Jacksonville, Fla., and Perth Amboy, N.J., it said in a letter to customers Thursday.

  • Senate approves stripped-down energy bill Dec 14, 2007

    Manufacturers celebrated the passage of an energy bill in the Senate late Thursday that left $21 billion in tax breaks to big energy companies intact.

  • Senate Finance committee approves Padilla nomination Dec 14, 2007

    The Senate Finance Committee Thursday unanimously approved the nomination of Christopher Padilla as undersecretary of commerce for international trade.

  • Wheeling-Pittsburgh talking job reductions union Dec 14, 2007

    Wheeling-Pittsburgh Steel Corp., Wheeling, W.Va., is looking to cut jobs at its plants in an effort to right-size its operations, a union leader at one of its plants said.

  • Ludlum to raise silicon electrical steel surcharge in January Dec 14, 2007

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, plans to increase its surcharge on silicon electrical steel products to $393 a ton ($19.65 per hundredweight) for January, up from $390 a ton this month and $385 a ton in November.

  • Gerdau Ameristeel hiking wire rod prices $40 a ton Dec 14, 2007

    Gerdau Ameristeel Corp., Tampa, Fla., plans to boost wire rod product prices $40 a ton ($2 per hundredweight), effective with Feb. 1 shipments.

  • Haynes’ net income hits record $66.1M in fiscal 2007 Dec 14, 2007

    Increased demand and accepted price increases helped high-performance alloys producer Haynes International Inc., Kokomo, Ind., post record earnings during the current fiscal year.

  • Flat-roll producers set $30-a-ton hike for Feb. Dec 13, 2007

    Producers of carbon flat-rolled steel products are seeking price increases of $30 a ton for February shipments, their second attempt at a 2008 price hike.

  • ArcelorMittal’s drive for China mill accelerates Dec 13, 2007

    ArcelorMittal SA is forging full steam ahead into China, but how fast—or even if its foray will go through—remains unclear.

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