Steel

  • Steel distributors brace for fall in shipping volumes Dec 01, 2008

    Steel distributors are planning for lower volumes as two of their major customer bases—auto and construction—remain under duress with the United States in the throes of a recession. And things are going to get worse before they get better, according to economists at the University of Michigan.

  • W. Coast steel buyers grapple with ’09 needs Dec 01, 2008

    How do you order steel when you're struggling to cut inventories in a market that's not giving many clues for next year? West Coast buyers, many of whom have been out of the market since the first half of this year, are grappling with this issue as they try to map requirements for the first quarter of 2009.

  • West Coast steel buyers grapple with first-quarter needs Dec 01, 2008

    How do you order steel when you’re still struggling to reduce inventories in a market that’s not giving many clues for next year? Steel buyers on the West Coast, many of whom have been out of the market since the first half of this year, are currently grappling with this issue as they try to map out their requirements for the first quarter of 2009.

  • Stainless prices heading lower in January Dec 01, 2008

    Stainless steel prices continue to decline, not only because of shrinking surcharges but also because of lower base tags.

  • Steel decline drives IOC to trim output Dec 01, 2008

    Iron Ore Co. of Canada (IOC) announced plans late last week to take “prudent action” in response to the decline in demand for steel and the ongoing global financial crisis.

  • APEC support of trade laws questioned Dec 01, 2008

    At the Asian Pacific Economic Cooperation (APEC) forum, leaders pledged to uphold G-20 agreements to protect free trade. Yet some industry experts wonder if anything was accomplished.

  • Nov. OCTG prices slide on oversupply concerns Nov 26, 2008

    The bloom appears to be off oil country tubular goods (OCTG), with prices on a wide variety of products falling approximately 5 to 10 percent, according to a recent survey of Houston-area distributors.

  • Western Canadian Coal idles Willow Creek Mine Nov 26, 2008

    Western Canadian Coal Corp. has decided to stop mining operations and curtail further investments for the time being at its Willow Creek metallurgical coal mine in British Columbia, the Vancouver-based company said in a statement.

  • CME hot-rolled coil contract trades at $595/T Nov 26, 2008

    CME Group Inc. recorded a trade of one unit, or 20 short tons, at $595 per ton on its hot-rolled coil (HRC) steel futures contract Wednesday.

  • Keystone remains on partial shutdown on ‘slow’ business Nov 26, 2008

    Due to business conditions that are “generally slow,” Keystone Steel & Wire Co. is placing the majority of its employees on a week-to-week layoff schedule.

  • Keystone remains on partial shutdown on ‘slow’ business Nov 26, 2008

    Due to business conditions that are “generally slow,” Keystone Steel & Wire Co. is placing the majority of its employees on a week-to-week layoff schedule.

  • Steel buyers ‘resentful’ of price hikes Nov 26, 2008

    It probably won’t be a happy New Year for U.S. Steel Corp., according to one analyst.

  • China hot band bucks trend of falling prices Nov 26, 2008

    Worldwide hot band prices continued their rapid slide into December with the notable exception of China, where prices showed some slight recovery in the past two weeks, according to the latest report from SteelBenchmarker.

  • V&M Star mulls expansion of Ohio mill Nov 26, 2008

    V&M Star is considering expanding its mini-mill in Youngstown, Ohio, to increase the amount and type of tubular products it manufactures.

  • China hot band bucks trend of falling prices Nov 26, 2008

    Worldwide hot band prices continued their rapid slide into December with the notable exception of China, where prices showed some slight recovery in the past two weeks, according to the latest report from SteelBenchmarker.

  • Steel buyers ‘resentful’ of price hikes Nov 26, 2008

    It probably won’t be a happy New Year for U.S. Steel Corp., according to one analyst.

  • Failed BHP-Rio tie-up to leave N. American steel mart unscathed Nov 25, 2008

    The North American steel and iron ore markets don’t face any direct impact from BHP Billiton’s decision to drop its bid for Rio Tinto, but they could feel some ripple-through effects, industry analysts told AMM.

  • N. American aluminum mart looks beyond failed BHP-Rio merger Nov 25, 2008

    BHP Billiton’s decision to pull the plug on its $66-billion hostile takeover of Rio Tinto means that struggling North American aluminum producers can now focus on survival without having to navigate the aftermath of such a massive merger, analysts and market sources said.

  • N. American steel mart faces little impact from failed BHP-Rio merger Nov 25, 2008

    The North American steel and iron ore markets don’t face any direct impact from BHP Billiton’s decision to drop its bid for Rio Tinto, but they could feel some ripple-through effects, industry analysts told AMM.

  • Steel imports notch 0.5% rise in Oct. Nov 25, 2008

    U.S. steel imports were almost unchanged in October compared with the previous month, but some industry experts say there will be a decrease in the rest of the fourth quarter.

  • Aleris to idle N. Carolina coil coating line, lay off 45 Nov 25, 2008

    Aleris International Inc. is idling a coil coating line in Roxboro, N.C., next week, laying off 45 employees and reducing potential output by about 25 million pounds annually.

  • Mills maintain ‘buy’ despite slimmer Citi earnings view Nov 25, 2008

    Citing lower steel demand and falling steel prices, Citi Investment Research analyst Brian Yu on Tuesday lowered 2008 and 2009 earnings estimates for three American mini-mill operators and revised his risk assessment for them to “speculative” from “high.” However, he maintained “buy” ratings on all three.

  • Mills maintain ‘buy’ despite slimmer Citi earnings view Nov 25, 2008

    Citing lower steel demand and falling steel prices, Citi Investment Research analyst Brian Yu on Tuesday lowered 2008 and 2009 earnings estimates for three American mini-mill operators and revised his risk assessment for them to “speculative” from “high.” However, he maintained “buy” ratings on all three.

  • Nucor planning $45M upgrade at S.C. facility Nov 25, 2008

    Nucor Corp., Charlotte, N.C., plans to invest $45 million over the next five years at its Darlington, S.C., bar mill, according to a statement Monday from the Darlington Economic Development Partnership.

Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results