Steel RSS

  • US drilling steady, Canada slips Nov 25, 2008

    The number of drill rigs running in the United States was unchanged last week, but Canadian drilling activity fell by 18 rigs.

  • Crucible Materials lays off workers for holiday week Nov 25, 2008

    Crucible Materials Corp., Syracuse, N.Y., has laid off most of the workers at its main plant this week and will be meeting with union representatives regularly to determine how to proceed with staffing and production management issues going forward as they deal with matters related to the global economic crunch.

  • Qatalum smelter said on target for late-’09 start Nov 25, 2008

    Norsk Hydro ASA, Oslo, Norway, is still on track to start production at its Qatar Aluminium Ltd. (Qatalum) project at the end of 2009 despite the current challenging economic environment, John Ottestad, the company’s chief financial officer, said Monday.

  • US steel output sinks to nearly 22-year low Nov 25, 2008

    U.S. raw steel output totaled 1,348,000 tons last week, down 3.7 percent from 1,400,000 tons the previous week to the lowest level since January 1987, when 1,337,000 tons were produced. Mills operated at an average capability utilization rate of 56.5 percent last week.

  • Steel distributors brace for shipping volume fall amid slump Nov 25, 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, economists at the University of Michigan said, noting that things are only going to get worse before they get better.

  • Nucor planning 5-year, $45M upgrade at S. Carolina plant 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.

  • US raw steel output sinks to nearly 22-year low Nov 25, 2008

    U.S. raw steel output totaled 1,348,000 tons last week, down 3.7 percent from 1,400,000 tons the previous week to the lowest level since January 1987, when 1,337,000 tons were produced. Mills operated at an average capability utilization rate of 56.5 percent last week.

  • TMK Ipsco, Atlas set production, job cuts Nov 24, 2008

    The economic slowdown has worked its way down the pipeline to two more tubular operations in the United States.

  • ArcelorMittal laying off 2,444 at Burns Harbor plant Nov 24, 2008

    ArcelorMittal USA Inc. will temporarily lay off 2,444 production workers at its Burns Harbor, Ind., plant beginning in mid-January—about 61 percent of the plant’s entire work force of approximately 4,000.

  • Reliance cutting inventory as customer buying slows Nov 24, 2008

    National metals distributor Reliance Steel & Aluminum Co. said that sales and profits last month “were stronger than we had anticipated, given the state of the economy.” However, mill price declines and slowing customer purchasing through the first half of November means “the operating environment has worsened.”

  • Ludlum cuts silicon steel charge Nov 24, 2008

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc. (ATI), Pittsburgh, has lowered its January surcharge on grain-oriented silicon electrical steel by $319 per ton.

  • Nucor bar mills slicing fuel extras Nov 24, 2008

    Nucor Corp. is reducing rail surcharges for shipments from its Jackson, Miss., and Kankakee, Ill., bar mills, effective Dec. 1.

  • W. Coast rebar outlook murky; tags still sliding Nov 24, 2008

    Buyers of steel reinforcing bar on the West Coast are mulling how much more prices might fall as the outlook for stabilization remains murky.

  • Analysts’ views mixed despite gloom Nov 24, 2008

    Analysts’ views on the global steel industry are far from certain despite all the gloom and doom surrounding the financial markets.

  • W. Coast rebar outlook murky; prices still sliding Nov 24, 2008

    Buyers of steel reinforcing bar on the West Coast are mulling how much more prices might fall as the outlook for stabilization remains murky.

  • Judge sets steel antitrust suit schedule Nov 24, 2008

    A trial is at least seven months—and possibly a couple of years—away for one of six antitrust class-action lawsuits filed against eight major U.S. steelmakers.

  • Ludlum cuts silicon steel surcharge Nov 24, 2008

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc. (ATI), Pittsburgh, has lowered its January surcharge on grain-oriented silicon electrical steel by $319 per ton.

  • SMS Meer buys Schumag machinery unit Nov 24, 2008

    SMS Meer GmbH recently took over the machinery segment of Schumag AG, Aachen, Germany. The purchase supplements the Munchengladbach, Germany-based company’s product range for plant and machinery in the fields of copper and bright steel, it said.

  • Siemens unit to supply Sail equipment Nov 24, 2008

    Steel Authority of India Ltd. has awarded a nearly 1.8-billion-rupee ($36.1-million) order to the Industry Solutions division of Siemens Ltd., Mumbai, India, for power distributor equipment for its Bokaro steel works.

  • US steel mill shipments down sharply Nov 24, 2008

    U.S. steel mills shipped 7,920,000 net tons in September, down 10.6 percent from 8,860,000 tons the previous month and down 6.7 percent from 8,492,000 tons shipped in September last year, according to the American Iron and Steel Institute, Washington.

  • New ruling sought vs. rebar imports from Turkey’s Icdas Nov 24, 2008

    Three domestic steelmakers—Nucor Corp., Charlotte, N.C.; Gerdau Ameristeel Corp., Tampa, Fla.; and Commercial Metals Co., Irving, Texas—are petitioning the U.S. Commerce Department to relaunch an anti-dumping review against imports of steel reinforcing bar from Icdas Celik Enerji Tersane ve Ulasim Sanayi AS, Istanbul, Turkey.

  • ArcelorMittal to reduce Burns Harbor work force Nov 24, 2008

    ArcelorMittal USA Inc., Chicago, has informed the United Steelworkers union of its intent to temporarily lay off about 2,444 production workers--about 61 percent of the total work force of approximately 4,000--at its Burns Harbor, Ind., plant.

  • New ruling sought vs. rebar imports from Turkey’s Icdas Nov 24, 2008

    Three domestic steelmakers—Nucor Corp., Charlotte, N.C.; Gerdau Ameristeel Corp., Tampa, Fla.; and Commercial Metals Co., Irving, Texas—are petitioning the U.S. Commerce Department to relaunch an anti-dumping review against imports of steel reinforcing bar from Icdas Celik Enerji Tersane ve Ulasim Sanayi AS, Istanbul, Turkey.

  • TMK Ipsco reducing production Nov 24, 2008

    TMK Ipsco, Downers Grove, Ill., is reducing output due to a recent surge of imported pipe into the North American marketplace.

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