Steel RSS

  • Severstal NA to boost flat-rolled tags $30 per ton in February [UPDATE] Dec 01, 2009

    In a leading move, Severstal North America Inc. has announced plans to increase flat-rolled product spot prices by an additional $30 per ton in February, and market sources indicate the tags will likely stick due to low inventory levels.

  • Politicians, steel raise voice on China Dec 01, 2009

    A dozen politicians and a half-dozen steelmakers teamed up to drive home the message to the U.S. International Trade Commission to level the playing field when it comes to trade with China.

  • Politicians, steel industry players raise voice on China at ITC hearing Dec 01, 2009

    A dozen politicians and a half-dozen steelmakers teamed up to drive home the message to the U.S. International Trade Commission to level the playing field when it comes to trade with China.

  • SMA seeks global monetary meeting Dec 01, 2009

    The Steel Manufacturers Association (SMA) is proposing an international monetary conference that could eventually aid in the recovery of the U.S. manufacturing sector, according to a letter sent to U.S. trade and treasury officials on Tuesday.

  • Ameristeel refinancing $610M Dec 01, 2009

    Gerdau Ameristeel Corp. is borrowing $610 million from Gerdau Holdings Inc., a subsidiary of Brazilian parent company Gerdau SA.

  • ITC opts to retain margins on PC wire strand imports Dec 01, 2009

    The U.S. International Trade Commission (ITC) last week issued orders to keep in place a countervailing duty order on pre-stressed concrete (PC) steel wire strand from India and anti-dumping duty orders on PC strand from Brazil, India, South Korea, Mexico and Thailand, as well as an anti-dumping duty finding on PC strand from Japan, saying that revocation would likely to lead to continuation or recurrence of material injury to the U.S. industry.

  • Northwest Pipe facing third lawsuit Dec 01, 2009

    The number of law firms filing class-action complaints against Northwest Pipe Co. following its disclosure about possible accounting problems has grown to at least three.

  • SMA seeks global monetary meeting Dec 01, 2009

    The Steel Manufacturers Association (SMA) is proposing an international monetary conference that could eventually aid in the recovery of the U.S. manufacturing sector, according to a letter sent to U.S. trade and treasury officials on Tuesday.

  • Service center Ken-Mac sues customer over PVC-coated stainless orders Dec 01, 2009

    Stainless steel and aluminum products processor and distributor Ken-Mac Metals Inc. has filed a breach-of-contract lawsuit against Independent Sheet Metal Inc., alleging Independent breached an agreement to purchase and pay for goods.

  • Severstal NA to up flat-rolled tags additional $30/T for Feb. Dec 01, 2009

    In a leading move, Severstal North America Inc. has announced it will increase spot prices by an additional $30 a ton on flat-rolled products in February.

  • ITC opts to retain margins on PC wire strand imports Dec 01, 2009

    The U.S. International Trade Commission (ITC) last week issued orders to keep in place a countervailing duty order on pre-stressed concrete (PC) steel wire strand from India and anti-dumping duty orders on PC strand from Brazil, India, South Korea, Mexico and Thailand, as well as an anti-dumping duty finding on PC strand from Japan, saying that revocation would likely to lead to continuation or recurrence of material injury to the U.S. industry.

  • Northwest Pipe facing third lawsuit Dec 01, 2009

    The number of law firms filing class-action complaints against Northwest Pipe Co. following its disclosure about possible accounting problems has grown to at least three.

  • US, Canada rig activity rises Dec 01, 2009

    The number of drill rigs running in the United States increased by 24 last week, with the largest gain in Texas (up 11), with Canadian drilling activity also up by 24 rigs.

  • Raw steel output down second week in row Dec 01, 2009

    U.S. raw steel output fell a second consecutive time to 1,499,000 tons last week, down 2.7 percent from 1,540,000 tons the previous week, as mills operated at an average capability utilization rate of 62.8 percent.

  • Corus sues N.C. baling wire maker Nov 30, 2009

    Corus International Trading Ltd. is suing a baling wire maker for failing to accept and pay for a shipment of imported hot-rolled wire rod.

  • Corus International Trading sues N.C. bailing wire maker over rod shipment Nov 30, 2009

    Corus International Trading Ltd. is suing a baling wire maker for failing to accept and pay for a shipment of imported hot-rolled wire rod.

  • Canadian gov’t set to intervene in strike by CN rail workers Nov 30, 2009

    Canadian labor minister Rona Ambrose said Monday she would introduce a bill to end the locomotive engineers’ strike at Canadian National Railway (CN Railway) that began Saturday. The House of Commons was expected to debate through the first reading of the bill immediately, according to a parliamentary announcement.

  • Flat-rolled prices expected to head up on West Coast Nov 30, 2009

    West Coast buyers of flat-rolled steel are expecting mills in the region to attempt January price hikes after a discouraging fourth quarter.

  • Raw steel production drops 2.7% to just shy of 1.5M tons Nov 30, 2009

    U.S. raw steel production slid 2.7 percent to 1,499,000 tons last week from 1,540,000 tons the previous week, with mill capability utilization falling to 62.8 percent.

  • US raw steel production drops 2.7% to just shy of 1.5M tons Nov 30, 2009

    U.S. raw steel production slid 2.7 percent to 1,499,000 tons last week from 1,540,000 tons the previous week, with mill capability utilization falling to 62.8 percent from 64.5 percent in the same comparison.

  • Longhorn Tube completes expansion Nov 30, 2009

    Longhorn Tube LP has completed a planned capital expansion of its Dallas facilities.

  • Hibbing Taconite workers being recalled Nov 30, 2009

    Workers at Hibbing Taconite in Minnesota who have been off the job since May are being recalled.

  • ITC slates sunset reviews of stainless rod vs. 5 nations Nov 30, 2009

    The U.S. International Trade Commission is scheduling full five-year reviews of anti-dumping duty orders on stainless steel wire rod from Italy, Japan, South Korea, Spain and Taiwan to determine whether revoking the orders would lead to injury of the domestic market.

  • Empire Industries posts $4.3M loss in 3d qtr. Nov 30, 2009

    Western Canadian steel fabricator Empire Industries Ltd. has posted a third-quarter net loss of Canadian $4.5 million ($4.3 million) in contrast to net income of C$290,000 in the same period last year as revenue slid 64.6 percent to C$20.3 million ($19.2 million) from C$57.4 million.

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