Steel

  • ArcelorMittal sets coiled rebar hike Dec 06, 2007

    ArcelorMittal plans to boost prices on coiled reinforcing bar produced at its Georgetown, S.C., mill by $30 per ton ($1.50 per cwt) effective with shipments Jan. 1. The move is necessary to keep up with rising raw material costs, the company said.

  • ArcelorMittal sets coiled rebar hike Dec 06, 2007

    ArcelorMittal USA Inc., Chicago, plans to boost prices on coiled reinforcing bar produced at its Georgetown, S.C., mill by $30 per ton ($1.50 per cwt) effective with shipments Jan. 1. The move is necessary to keep up with rising raw material costs, the company said.

  • Heidtman slates $13.5M to build facility for multi-blanking line Dec 06, 2007

    Heidtman Steel Products Inc. plans to spend $13.5 million to build a new facility to house a light-gauge multi-blanking line.

  • Energy bill sails through House; auto on board [UPDATE] Dec 06, 2007

    A landmark energy bill approved by the House of Representatives Thursday would impose a strict new fuel efficiency standard, but many automakers appear grudgingly ready to accept the challenge.

  • SeverCorr ramp-up hits fast lane as coating line starts Dec 06, 2007

    SeverCorr LLC has begun operations at its advanced coating line, marking an end to the mill’s year-long phased start-up, the company said Thursday.

  • WCI Steel taps Anthony to fill its top two posts [UPDATE] Dec 06, 2007

    Things might finally be looking up for WCI Steel Inc., Warren, Ohio, which has a new leader in place, resumed blast furnace production and installed its new walking beam furnace ahead of schedule.

  • Insteel gets nod on $25M share repurchase Dec 06, 2007

    Insteel Industries Inc.’s board of directors has authorized the repurchase of $25 million in outstanding common stock during the next year.

  • Latrobe alloy targets aircraft landing gear Dec 06, 2007

    Latrobe Specialty Steel Co., Latrobe, Pa., will offer a new vacuum-remelted steel product to aerospace customers for use in landing gear.

  • Employment report is bleak for US manufacturing Dec 06, 2007

    Total employment in the United States is expected to increase at a slower rate over the next decade compared with the previous ten-year period, and employment in manufacturing is likely to decline by 1.5 million jobs, according to a new forecast by the U.S. Department of Labor’s Bureau of Labor Statistics.

  • WCI taps Anthony for helm, resumes blast furnace output Dec 06, 2007

    WCI Steel Inc., Warren, Ohio, has a new leader in place, resumed blast furnace production and installed its new walking beam furnace ahead of schedule.

  • Ipsco hiking Mobile plant’s heat-treat capacity Tulloch Dec 05, 2007

    Ipsco Inc., Lisle, Ill., is boosting heat-treated capacity at its Mobile, Ala., plate mill as part of efforts by its parent company, Svenskt Stal AB (SSAB), to expand its presence in the high-strength steel (HSS) sector.

  • Automakers resigned to meeting strict fuel challenge Dec 05, 2007

    The energy bill pending before the House of Representatives could mean strict new fuel efficiency standards, but many automakers appear grudgingly ready to accept the changes.

  • US futures contract unlikely until 1st qtr. Dec 05, 2007

    The New York Mercantile Exchange is unlikely to launch its U.S. cash-settled steel futures contract until the first quarter of next year, James Oliver, Nymex’s marketing manager, said on the sidelines of the 5th European Steel Success Strategies conference in Paris.

  • It’s stop-and-go for Nymex on slow steel futures drive Dec 05, 2007

    The New York Mercantile Exchange is considering launching an international steel futures contract in addition to a U.S. contract.

  • Ipsco hiking Mobile plant’s heat-treat capacity Tulloch Dec 05, 2007

    Ipsco Inc., Lisle, Ill., is boosting heat-treated capacity at its Mobile, Ala., plate mill as part of efforts by its parent company, Svenskt Stal AB (SSAB), to expand its presence in the high-strength steel (HSS) sector.

  • Brazil to set steel output, sales records in ’07 Dec 05, 2007

    Brazil’s raw steel output should total a record 33.96 million tonnes in 2007, up 9.9 percent from last year, and additional growth of 10.8 percent is expected in 2008 in line with continuing strong domestic and international market demand.

  • Quanex’s Macsteel unit to boost 08 contract pricing as costs soar Dec 05, 2007

    Jackson-based special bar quality (SBQ) steel manufacturer Macsteel will seek to boost contract prices in calendar year 2008 in the wake of spiraling costs for raw materials and others goods.

  • Brazilian prices for pig iron rise to nearly $350/T Dec 05, 2007

    Upward pressure on export prices for Brazilian pig iron has continued this week following an increase of around $8 a tonne f.o.b. in new orders taken last week, traders said.

  • Auto cuts call for steel control in ’08 analysts Dec 05, 2007

    Two big Detroit-area automakers plan to slash production in the first quarter of next year in a move that might be good business but likely will hurt metal producers.

  • Insteel gets board nod on new $25M share repurchase plan Dec 05, 2007

    Insteel Industries Inc. said Wednesday its board of directors had authorized it to repurchase $25 million in outstanding common stock during the next year.

  • Quanex earnings sag 16 percent, outlook less than rosy Dec 05, 2007

    Quanex Corp. posted a 16-percent drop in net income to $134.6 million for its fiscal year ended Oct. 31 on sales that inched up 0.8 percent to nearly $2.05 billion compared with a year earlier, and—given bleak economic forecasts—tempered its outlook for fiscal 2008.

  • Low water levels, lack of dredging sink Great Lakes’ ore shipments Dec 05, 2007

    Iron ore shipments on the Great Lakes/St. Lawrence Seaway system sank to 6.2 million tons in August, down 4.5 percent from the same month last year, according to the latest data from the Lake Carriers’ Association. Loadings trailed the five-year average for August by 91,000 tons.

  • Controversial energy bill on the move Dec 05, 2007

    A controversial energy bill could come up for a critical committee vote as soon as Thursday, a Capitol Hill insider told AMM Wednesday afternoon.

  • Details on MMK proposed mill in Ohio emerge Dec 05, 2007

    More details have emerged about the Ohio steel mill proposed by Russia’s OAO Magnitogorsk Iron & Steel Works.

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