Steel RSS

  • Republic idling Lorain mills for 2 weeks Dec 17, 2008

    Republic Engineered Products Inc. plans a two-week idling of the 9- to 10-inch special bar quality (SBQ) mill and 20-inch rolling mill at its Lorain, Ohio, hot-rolled bar facility, according to a union official.

  • CMC upbeat on infrastructure stimulus Dec 17, 2008

    A U.S. infrastructure stimulus package would provide significant opportunities for Commercial Metals Co. (CMC) at time when it will be most needed, according to company executives.

  • Ferrocolumbium tariff break sought for Reference Metals Dec 17, 2008

    A substantial tariff break on ferrocolumbium is being sought by Rep. Tim Murphy (R., Pa.), incoming vice chairman of the House Steel Caucus, for Reference Metals Co.

  • CMC points to scrap price crash as earnings slide 10.3% Dec 17, 2008

    Commercial Metals Co. (CMC), Irving, Texas, is blaming the disintegration of ferrous scrap prices for a reduction in its fiscal first-quarter earnings results.

  • Republic idling Lorain SBQ, rolling mills for two weeks Dec 17, 2008

    Republic Engineered Products plans a two-week idling of the 9- to 10-inch special bar quality (SBQ) mill and 20-inch rolling mill at its Lorain, Ohio, hot-rolled bar facility, according to a union official.

  • Allegheny Ludlum ups electrical steel extra Dec 17, 2008

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, has increased its surcharge on grain-oriented silicon electrical steel by 55.1 percent for February.

  • Timken scaling back over Christmas Dec 16, 2008

    Timken Co., Canton, Ohio, will temporarily reduce its work force by around 200 workers for about two weeks over the Christmas holiday as it copes with the impact of a slowdown in steel and bearings orders.

  • Timken scaling back over Christmas break Dec 16, 2008

    Timken Co., Canton, Ohio, will temporarily reduce its work force by around 200 workers for about two weeks over the Christmas holiday as it copes with the impact of a slowdown in steel and bearings orders.

  • W. Coast buyers wrestling with $200/ton tubing cut Dec 16, 2008

    The West Coast market for structural steel tubing continued to reel this week from a price cut of more than $200 per ton by one of North America’s largest producers.

  • Senators, law firms lash out at Byrd repayment demand Dec 16, 2008

    The decision by the U.S. Customs and Border Protection (CBP) revenue division to demand the repayment of some Byrd Amendment payouts has come under fire from U.S. senators and law firms, who have described it as “indefensible” and “incomprehensible.”

  • Global stainless production rises 6.8 percent in third qtr. Dec 16, 2008

    Global stainless steel production increased 6.8 percent to 6.3 million tonnes in the third quarter compared with the same period last year, but that trend is unlikely to continue, according to the International Stainless Steel Forum (ISSF), Brussels.

  • ArcelorMittal units fined for anti-competitive practices Dec 16, 2008

    Three ArcelorMittal SA subsidiaries have been fined 301.8 million euros ($416.8 million) by the French Competition Authority after an investigation into anti-competitive practices in the steel distribution sector in France.

  • Ameristeel contract worker dies reassembling furnace Dec 16, 2008

    A contractor was killed Tuesday at the Charlotte, N.C., mill of Gerdau Ameristeel Corp.

  • New aluminum orders take 24% dive in Nov. Dec 16, 2008

    New orders for aluminum products fell by a “massive” amount in November, statistics from the Aluminum Association showed, in perhaps the strongest indication to date of the fall-off in demand faced by the industry.

  • Nucor sees signs pointing up, holds line on rebar prices Dec 16, 2008

    Nucor Corp.’s move to effectively hold the line on prices for reinforcing bar and merchant bar products for January signals that it believes prices for those products have hit bottom even as market sources say demand has yet to rebound significantly.

  • Toyota hits brakes on Miss. Prius plant Dec 16, 2008

    Faced with a steep decline in auto sales, Toyota Motor Corp. has indefinitely suspended plans to produce its Prius hybrid vehicle at a plant under construction in Blue Springs, Miss.

  • Global stainless production rises 6.8 percent in third qtr. Dec 16, 2008

    Global stainless steel production increased 6.8 percent to 6.3 million tonnes in the third quarter compared with the same period last year, but that trend is unlikely to continue, according to the International Stainless Steel Forum (ISSF), Brussels.

  • Ameristeel contract worker killed reassembling furnace Dec 16, 2008

    A contractor was killed Tuesday at the Charlotte, N.C., mill of Gerdau Ameristeel Corp.

  • US, Canadian drilling slumps Dec 16, 2008

    The number of drill rigs running in the United States fell by 62 last week, with the largest decrease in Texas (down 24), while Canadian drilling activity fell by 14 rigs.

  • Raw steel production slides to 1.17M tons Dec 16, 2008

    U.S. raw steel output logged its 17th consecutive drop last week, falling 1.2 percent to 1,168,000 tons from 1,182,000 tons the previous week as mills operated at an average capability utilization rate of 49 percent.

  • Tomsin’s Dave Raco named ASD’s Steel Man of Year for 2008 Dec 16, 2008

    Dave Raco, a steel industry veteran of 42 years and vice president of Tomsin Steel Co., Pittsburgh, has been named the Association of Steel Distributors (ASD) 2008 Steel Man of the Year.

  • Miss. port expansion sparks suit Dec 16, 2008

    Local housing advocates have filed a lawsuit that threatens to delay the state of Mississippi’s plans to invest $600 million to expand the Port of Gulfport, Miss.

  • Tomsin’s Raco named ASD’s ’08 Steel Man of Year Dec 16, 2008

    Dave Raco, a steel industry veteran of 42 years and vice president of Tomsin Steel Co., Pittsburgh, has been named the Association of Steel Distributors (ASD) 2008 Steel Man of the Year.

  • US raw steel production slides to 1.17M tons Dec 16, 2008

    U.S. raw steel output logged its 17th consecutive drop last week, falling 1.2 percent to 1,168,000 tons from 1,182,000 tons the previous week as mills operated at an average capability utilization rate of 49 percent.

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