Steel RSS

  • CSN wraps up sale of 40% iron ore unit stake Dec 31, 2008

    Brazilian steelmaker Cia. Siderúrgica Nacional (CSN) has closed the sale of 40 percent of iron subsidiary Namisa Iron Ore Mines to consortium Big Jump Energy Participaçoes SA for $3.08 billion, the Rio de Janeiro-based company said in a statement.

  • Yet another 787 delay clouds titanium’s view Dec 31, 2008

    Despite an unprecedented order book for the Boeing 787 Dreamliner that only grew larger as 2008 came to an end, program delays on the new plane continue to cast a cloud over the New Year’s outlook for titanium.

  • Atlantic Wire admits water pollution Dec 31, 2008

    Atlantic Wire Co. LLC pleaded guilty Tuesday to two counts of violating the federal Clean Water Act and one count of submitting false statements to the Connecticut Department of Environmental Protection (CDEP) with regard to polluting the Branford River.

  • Sandvik to alter surcharge model Dec 31, 2008

    Sandvik Materials Technology, Sandviken, Sweden, will modify its alloy surcharge model for seamless tubular products starting Jan. 1 in a bid to reduce time lags.

  • Rollercoaster ride of ’08 has Al sights on long run Dec 31, 2008

    To say that 2008 was a year of changed expectations for the aluminum market would be putting it mildly.

  • China’s domestic hot coil tags get $29/tonne boost Dec 31, 2008

    Chinese domestic hot-rolled coil prices climbed by 200 yuan ($29) per tonne this week as supply is finally tightening following production cuts.

  • TK Stainless details Ala. mill sales team Dec 31, 2008

    With production slated to begin in less than two years, ThyssenKrupp Stainless USA LLC, Mobile, Ala., has organized the team that will sell and market product made at its new mill.

  • Iowa court sustains $10m claim against Outotec Dec 31, 2008

    Pattison Sand Co.’s $10-million claim against Outotec Oyj, an Espoo, Finland-based metals and minerals processor, has been sustained by Iowa’s arbitral tribunal. Outotec’s counterclaim of $5 million was rejected.

  • SMP taps Schmitt for executive sales post Dec 31, 2008

    Specialty Metals Processing Inc. (SMP) has named Thomas R. Schmitt vice president of sales. Schmitt, a veteran of 30-plus years in the U.S. specialty steel industry, most recently served as vice president of sales at North American Stainless Inc. (NAS), Ghent, Ky. He began his industry career in 1975 at Crucible Steel, later moving on to Washington Steel, Main Steel and NAS before joining SMP, the Stow, Ohio-based company said in a statement.

  • Commerce reinstating duty vs. Thailand’s SSI Dec 31, 2008

    Hot-rolled carbon steel products from Thailand’s Sahaviriya Steel Industries Public Co. Ltd. (SSI) will be subject to a margin of 9.05 percent, the U.S. Department of Commerce said in a preliminary determination as part of a changed circumstance review.

  • Commerce review ups Essar’s hot roll margin Dec 31, 2008

    The U.S. Department of Commerce is conducting an administrative review of the countervailing duty order on certain hot-rolled carbon steel products from India.

  • MMX steps up payments, gets discount on AVG buy Dec 31, 2008

    Brazilian mining and metals company MMX Mineração e Metálicos SA paid a lump sum of $79.1 million in December to receive a discount on the purchase of iron ore miner AVG Mineração SA.

  • Atlantic Wire pleads guilty to violating Clean Water Act Dec 31, 2008

    Atlantic Wire Co. LLC pleaded guilty Tuesday to two counts of violating the federal Clean Water Act and one count of submitting false statements to the Connecticut Department of Environmental Protection (CDEP) with regard to polluting the Branford River.

  • TK Stainless details sales team for Ala. mill Dec 31, 2008

    With production slated to begin in less than two years, ThyssenKrupp Stainless USA LLC, Mobile, Ala., has organized the team that will sell and market the product manufactured at its new mill.

  • New security program not seen causing port delays Dec 31, 2008

    The U.S. Transportation Security Administration’s (TSA’s) new Transportation Worker Identification Credential (TWIC) program—which requires port workers and visitors such as truck drivers to have a biometric, chip-imbedded identification card to enter—is not expected to delay inbound or outbound metals shipments, industry sources say.

  • ATI layoffs hit 209 at Pa. stainless plant Dec 31, 2008

    Allegheny Technologies Inc. (ATI), Pittsburgh, has laid off 209 workers at its Midland, Pa., stainless steel production plant as part of a plan to reduce its work force by 20 percent in response to a lack of steel orders.

  • New import rules need balance, trade groups say Dec 31, 2008

    Trade groups are calling on Customs and Border Protection (CBP) to rethink new security requirements for ports that by one estimate could cost American manufacturers as much as $20 billion annually.

  • Commerce reinstating duty vs. Thailand’s SSI Dec 31, 2008

    Hot-rolled carbon steel products from Thailand’s Sahaviriya Steel Industries Public Co. Ltd. (SSI) will be subject to a margin of 9.05 percent, the U.S. Department of Commerce said in a preliminary determination as part of its changed circumstance review.

  • Commerce review ups Essar’s hot-rolled steel margin Dec 31, 2008

    The U.S. Department of Commerce is conducting an administrative review of the countervailing duty order on certain hot-rolled carbon steel products from India.

  • SMP taps Schmitt for executive sales post Dec 31, 2008

    Specialty Metals Processing Inc. (SMP), Stow, Ohio, has named Thomas R. Schmitt vice president of sales.

  • Boklund, ex-Oregon Steel chief, dies at 69 Dec 30, 2008

    Thomas B. Boklund, a blunt, straight-talking engineer who led the former Oregon Steel Mills Inc. during its initial years of growth as a public company as well as during some of its most rancorous relations with organized labor, died unexpectedly on Dec. 27.

  • Chinese stainless, welded pipe target of probes Dec 30, 2008

    Chinese pipe makers again find themselves in the line of fire of foreign governments targeting imports of various pipe products from the nation.

  • US, Canadian drilling slumps Dec 30, 2008

    The number of drill rigs running in the United States fell by 43 last week, with the largest decrease in Texas (down 23), while Canadian drilling activity fell by 90 rigs.

  • Nov. Midwest steel output off 4.3% Dec 30, 2008

    The Federal Reserve Bank of Chicago’s Midwest Manufacturing Index fell 1.6 percent to a seasonally adjusted 96.4 in November vs. a revised drop of 1.2 percent to 98 in October, the bank reported Monday.

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