Steel RSS

  • Nucor to boost sheet products Nov 25, 2009

    Nucor Corp.’s Sheet Mill Group said in a letter to customers it will increase base prices on hot-rolled, cold-rolled and galvanized products by a minimum of $30 per ton effective with orders acknowledged for shipment beginning Jan. 2.

  • ATI, Harsco facing $184,900 penalty in emissions lawsuit Nov 25, 2009

    ATI Allegheny Ludlum and Harsco Corp., through its subsidiary MultiServ Group Ltd., have been assessed a $184,900 penalty for alleged Clean Air Act violations at a Pittsburgh-area steel mill.

  • Nucor to boost sheet product prices Nov 25, 2009

    Nucor Corp.’s Sheet Mill Group said in a letter to customers it will increase base prices on hot-rolled, cold-rolled and galvanized products by a minimum of $30 per ton effective with orders acknowledged for shipment beginning Jan. 2.

  • Essar Algoma sells interest in cogeneration facility Nov 25, 2009

    Essar Steel Algoma Inc. has completed the sale of its remaining 50.1-percent interest in Algoma Energy LP, a cogeneration facility, to Essar Power Canada Ltd. for Canadian $136 million ($129.6 million).

  • Hot band prices mixed: Benchmarker Nov 25, 2009

    World prices for hot bands moved in different directions during the past two weeks, according to SteelBenchmarker, with prices continuing to fall in the U.S. and Western Europe while rising in China and the world export market.

  • Nucor’s DiMicco to appear in TV debate Nov 25, 2009

    Daniel R. DiMicco, chairman, president and chief executive officer of Nucor Corp., will join several other leading U.S. executives in a television discussion titled “Has Made in the USA Died?”

  • Gerdau Ameristeel refinancing $610M Nov 25, 2009

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

  • NAS eyeing stainless bar hike for New Year Nov 24, 2009

    North American Stainless Inc. (NAS) plans to increase prices on some of its stainless long products in the New Year.

  • NAS eyeing stainless bar hike for New Year Nov 24, 2009

    North American Stainless Inc. (NAS) plans to increase prices on some of its stainless long products in the New Year.

  • W. Coast tube tags still dropping Nov 24, 2009

    Structural steel tubing prices continue to drop on the West Coast as a relatively high level of quoting isn’t being matched with orders.

  • Tianjin sees slow but steady progress on Texas tube plant Nov 24, 2009

    China’s Tianjin Pipe Group Corp. (TPCO) continues to move forward with plans to construct a tubular mill in Texas.

  • Haynes plans $65M facility upgrade Nov 24, 2009

    Haynes International Inc. plans to spend $65 million over the next five years on strategic capital initiatives to improve production and development of technologically advanced high-performance alloys.

  • NW Pipe hit by class-action lawsuit in wake of accounting probe Nov 24, 2009

    A New York law firm appears to be first in court with a class-action lawsuit against Northwest Pipe Co. in the wake of the company’s recent disclosure of an accounting probe at the producer of water transmission pipe and tubular goods.

  • Production issues seen contributing to steel’s choppy recovery Nov 24, 2009

    A steel recovery described by one industry analyst as “choppy” is manifesting itself in stalled capacity utilization rates as steel producers move into a seasonally slow fourth quarter and face furnace and operational issues.

  • Haynes International writes results in red ink Nov 24, 2009

    Haynes International Inc. posted a net loss of $52.3 million for its fiscal year, in contrast to net income of $62.8 million the previous year, on revenue that fell 31.1 percent to $438.6 million from $637 million.

  • US market not surprised by 28.8% steel import jump Nov 24, 2009

    U.S. steel imports increased in October, according to preliminary figures from the U.S. Census Bureau, but overall weakness in the global economy will temper the impact on the domestic market, industry sources said.

  • Haynes spending $65M to upgrade operations Nov 24, 2009

    Haynes International Inc. plans to spend $65 million over the next five years on strategic capital initiatives to improve production and development of technologically advanced high-performance alloys.

  • Production issues seen contributing to steel’s choppy recovery Nov 24, 2009

    A steel recovery described by one industry analyst as “choppy” is manifesting itself in stalled capacity utilization rates as steel producers move into a seasonally slow fourth quarter and face furnace and operational issues.

  • US, Canadian drilling increase Nov 24, 2009

    The number of drill rigs running in the United States increased by 12 last week, with the largest gain in Texas (up nine), while Canadian drilling activity rose by 30 rigs.

  • US raw steel production retreats slightly Nov 24, 2009

    U.S. raw steel output totaled 1,540,000 tons last week, down 1.1 percent from 1,557,000 tons the previous week, as mills operated at an average capability utilization rate of 64.5 percent. It was one of just three declines since the start of May, when industry production began an upward trend.

  • Kane Steel ceases operation Nov 24, 2009

    Full-line service center and processor Kane Steel has closed its doors after 54 years in business.

  • Coutinho suing 9 shippers for alleged damaged steel Nov 24, 2009

    Coutinho & Ferrostaal Inc. has filed nine breach-of-contract lawsuits against shippers that allegedly “lost and damaged” steel being imported into the U.S. from China. All but one of the cases involves shipments of steel pipe or tubing earmarked for delivery to the Port of Houston.

  • Tianjin Pipe sees progress on Texas tube plant Nov 24, 2009

    China’s Tianjin Pipe Group Corp. (TPCO) continues to move forward with plans to construct a tubular mill in Texas.

  • Raw steel production dips 1.1% (UPDATE) Nov 24, 2009

    U.S. raw steel output totaled 1,540,000 tons last week, down 1.1 percent from 1,557,000 tons the previous week, as mills operated at an average capability utilization rate of 64.5 percent. It was one of just three declines since the start of May, when industry production began an upward trend.

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