Steel

• China magnesia not subsidized, Commerce says Dec 18, 2009

  Magnesia bricks shipped to the United States from China have not benefited from government subsidies, the U.S. Commerce Department said in a preliminary determination.

• SMA cheers as Senate committee OKs transport bill Dec 18, 2009

  The Senate Commerce Committee has unanimously approved the Surface Transportation Board Reauthorization Act, a move hailed by rail shippers—including many involved in steel—as a milestone that would help eliminate anti-competitive practices among railroads.

• ATI boosts exec salaries, adds incentive program Dec 18, 2009

  Allegheny Technologies Inc. (ATI) is raising its base salary for executives and has initiated an incentive program.

• Steel shipments rise in Oct.: AISI Dec 18, 2009

  Steel shipments reflected a slight uptick in demand in October compared with September, mostly for sheet products, according to the American Iron and Steel Institute (AISI).

• Steel gives Obama manufacturing plan a thumbs up Dec 18, 2009

  U.S. steel industry leaders are nearly unanimous in their praise of an Obama administration plan to focus on revitalizing American manufacturing, but agree that the administration can’t stop there.

• Haynes International hiking base prices Dec 18, 2009

  Haynes International Inc. plans to increase base prices by 6 to 8 percent effective with new orders placed on or after Jan. 1.

• Eurofer backs EC steel import monitoring extension Dec 18, 2009

  The European Commission has decided to prolong its steel import prior surveillance system, an early warning system describing what level of steel imports to expect, and to extend its coverage, a move supported by the European Confederation of Iron and Steel Industries (Eurofer).

• Labrador Iron purchases build ore holdings Dec 18, 2009

  Labrador Iron Mines Holdings Ltd. (LIM) is acquiring an additional 50 million tons of direct shipping iron ore (DSO) in Quebec through a series of five transactions.

• China magnesia bricks said not subsidized Dec 18, 2009

  Magnesia bricks shipped to the United States from China have not benefited from government subsidies, the U.S. Commerce Department said in a preliminary determination.

• Steel stands behind Obama plan to focus on manufacturing Dec 18, 2009

  U.S. steel industry leaders are nearly unanimous in their praise of an Obama administration plan to focus on revitalizing American manufacturing, but agree that the administration can’t stop there.

• US steel shipments rise in Oct. AISI Dec 18, 2009

  Steel shipments reflected a slight uptick in demand in October compared with September, mostly for sheet products, according to the American Iron and Steel Institute (AISI).

• Eurofer backs EC expansion of steel import monitoring Dec 18, 2009

  The European Commission has decided to prolong its steel import prior surveillance system, an early warning system describing what level of steel imports to expect, and to extend its coverage, a move supported by the European Confederation of Iron and Steel Industries (Eurofer).

• ATI boosts exec salaries, adds incentive program Dec 18, 2009

  Allegheny Technologies Inc. (ATI) is raising its base salary for executives and has initiated an incentive program.

• Haynes International follows with tag hikes Dec 17, 2009

  In a following move, Haynes International Inc. said it plans to increase base prices by 6 percent to 8 percent, effective with new orders placed on or after Jan. 1, 2010.

• Brazil pig iron fetches higher price at US mill Dec 17, 2009

  Pig iron producers in northern Brazil have sold two Panamax cargoes of iron to a major U.S. mini-mill for $360 a tonne, with one cargo to be delivered to an East Coast port and the other to New Orleans, U.S. industry sources said.

• Brazil pig iron fetches higher price from US mill Dec 17, 2009

  Pig iron producers in northern Brazil have sold two Panamax cargoes of iron to a major U.S. mini-mill for $360 a tonne, with one cargo to be delivered to an East Coast port and the other to New Orleans, U.S. industry sources said.

• Correction: Furnace maker assets to be sold Dec 17, 2009

  Due to a reporting error, new furnace company F&D Furnaces LLC was incorrectly identified in the Dec. 17 edition. The company was recently formed from the assets of Flinn & Dreffein Engineering Co. in a venture between Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC.

• Steel backs energy tax credit extension Dec 17, 2009

  The American Iron and Steel Institute, the United Steelworkers union and the Alliance for American Manufacturing are all backing an extension and expansion of the Advanced Energy Manufacturing Tax Credit that was included in the American Recovery and Reinvestment Act (ARRA).

• Busse to chair Tower Financial Dec 17, 2009

  Keith Busse has been appointed chairman of Tower Financial Corp., a Fort Wayne, Ind., bank, effective Jan. 1.

• Vale’s Sudbury nickel strategy turning more aggressive Dec 17, 2009

  Relations between Vale SA and the United Steelworkers union in Sudbury, Ontario, which have been frosty for months, appear to have deteriorated further in recent days as the Brazilian miner has sharpened its rhetoric, market participants said.

• Crucible service centers sold to SBI Trading Dec 17, 2009

  The final piece of the Crucible Materials Corp. bankruptcy puzzle fell into place Thursday as the rest of its service center facilities were sold to a Dallas-based trading company.

• Global Price Watch Dec 17, 2009

• Walter Energy starts output at expanded met coal mine Dec 17, 2009

  Walter Energy Inc. is now producing at its expanded Brookwood, Ala., longwall metallurgical coal mine.

• MCoal gets Alabama nod on mine plan Dec 17, 2009

  The Alabama Surface Mining Commission has approved a mine plan that clears the way for MCoal Corp., a subsidiary of Novadx Ventures Corp., to begin surface coal mining operations at its Rosa Coal Mine in the state.