Steel RSS

  • Semis help push October steel imports 34.2% higher Dec 11, 2009

    Higher imports of semi-finished steel—much of it from Russia—helped push total U.S. steel imports up 34.2 percent in October, according to final monthly figures from the U.S. Census Bureau.

  • Nucor hiking long product extras on Jan. 1 Dec 11, 2009

    Nucor Corp. will raise its raw material surcharge on concrete reinforcing bar and merchant and structural products to $138 per net ton ($6.90 per hundredweight) effective with Jan. 1 shipments, up 89 percent from $73 per ton ($3.65 per cwt) this month.

  • Semis help push US' October steel imports 34.2% higher Dec 11, 2009

    Higher imports of semi-finished steel—much of it from Russia—helped push total U.S. steel imports up 34.2 percent in October, according to final monthly figures from the U.S. Census Bureau.

  • Flat-rolled prices already moving to higher ground Dec 11, 2009

    North American steelmakers who authored carbon flat-rolled steel price increases for January and February shipment dates are seeing early fruits of their efforts in the form of rapidly rising tags.

  • Great Lakes ore trade at ’09 high in Nov. Dec 11, 2009

    Iron ore shipments on the Great Lakes last month reached their highest level so far this year, prompting mothballed ships to be called back into service.

  • Nucor-Yamato hikes Jan. beams $40/T Dec 11, 2009

    A projected $40-per-ton increase in wide-flange beam prices represents a compromise from an even greater increase in scrap costs—but nevertheless a challenge to pass through in a market marked by lagging demand.

  • Nucor-Yamato hikes Jan. beams $40/T Dec 11, 2009

    A projected $40-per-ton increase in wide-flange beam prices represents a compromise from an even greater increase in scrap costs—but nevertheless a challenge to pass through in a market marked by lagging demand.

  • Flat-roll prices already moving to higher ground Dec 11, 2009

    North American steelmakers who authored carbon flat-rolled steel price increases for January and February shipment dates are seeing early fruits of their efforts in the form of rapidly rising tags.

  • Great Lakes iron ore shipments hit 2009 high in November Dec 11, 2009

    Iron ore shipments on the Great Lakes last month reached their highest level so far this year, prompting mothballed ships to be called back into service.

  • Flat-rolled processor Berlin Metals in 5-year labor deal Dec 11, 2009

    Flat-rolled steel processor Berlin Metals LLC has signed a new five-year labor contract with the union representing its warehouse workers.

  • China hits US, Russian specialty steel imports Dec 10, 2009

    Potentially adding fuel to the trade war between Washington and Beijing, China has slapped preliminary dumping margins of up to 25 percent on imports of grain-oriented electrical steels from the United States and Russia.

  • Bay Bridge steel delays may bring fines Dec 10, 2009

    State and local authorities are using the threat of penalties to try to expedite the shipment of Chinese-fabricated steel to the United States, the delay of which has complicated progress on a $1.4-billion-plus retrofit of the San Francisco-Oakland Bay Bridge.

  • China slaps duties on US, Russian specialty steel imports Dec 10, 2009

    Potentially adding fuel to the trade war between Washington and Beijing, China has slapped preliminary dumping margins of up to 25 percent on imports of grain-oriented electrical steels from the United States and Russia.

  • Buyers split on ArcelorMittal SBQ restart Dec 10, 2009

    While buyer reaction was mixed to plans by ArcelorMittal USA to restart the special bar quality (SBQ) line at its Indiana Harbor long carbon facility, idled since July, steelworkers are raring to go.

  • Chinese ‘flood’ of OCTG hurt Nucor, says DiMicco Dec 10, 2009

    Nucor Corp. may not make oil country tubular goods (OCTG), but that doesn’t mean the steelmaker’s top executive doesn’t have some strong opinions on the matter that he wants the U.S. International Trade Commission (ITC) to hear.

  • SDI issues 4th-qtr. earnings guidance Dec 10, 2009

    Steel Dynamics Inc. (SDI) said Thursday that it expects fourth-quarter earnings to be in a range of 10 to 20 cents per diluted share in contrast to a net loss of 45 cents per share in the fourth quarter of 2008 and net income of 30 cents in the third quarter of this year.

  • Bull Moose Tube getting Defense boost Dec 10, 2009

    Bull Moose Tube Co. is getting a boost from the U.S. war effort in the form of increased tubular production despite the effects of a lagging economy.

  • Steel Dynamics issues 4th-qtr. earnings guidance Dec 10, 2009

    Steel Dynamics Inc. (SDI) said Thursday that it expects fourth-quarter earnings to be in a range of 10 to 20 cents per diluted share in contrast to a net loss of 45 cents per share in the fourth quarter of 2008 and net income of 30 cents in the third quarter this year.

  • Tube firms set $50/ton increase on HSS Dec 10, 2009

    Several structural pipe producers have implemented a $50-per-ton increase on their hollow structural sections (HSS), and one said there may be more to come in January.

  • Steel tube producers set $50/ton increase on HSS products Dec 10, 2009

    Several structural pipe producers have implemented a $50-per-ton increase on their hollow structural sections (HSS), and one said there may be more to come in January.

  • Naumova to head new NLMK unit Dec 10, 2009

    Russia’s Novolipetsk Steel (NLMK) has named Olga Naumova general director of NLMK-Sort (NLMK Long Products), a new unit created to manage its long products business.

  • Buyers mixed on ArcelorMittal USA SBQ restart Dec 10, 2009

    While buyer reaction was mixed to plans by ArcelorMittal USA to restart the special bar quality (SBQ) line at its Indiana Harbor Long Carbon facility, on idling since July, steelworkers are raring to go.

  • Global Price Watch Dec 10, 2009

    China’s spot iron ore market is tightening up as more traders put off buying. Transaction prices have risen to $104 to $106 per tonne c.f.r. for 63.5-percent iron content Indian fines, up from $102 to $105 previously, while offers have risen $2 on the lower end of the price range to $105 to $106 per tonne c.f.r.

  • CMC's Arizona micro-mill getting up to speed Dec 10, 2009

    Commercial Metals Co.’s new micro-mill in Mesa, Ariz., “is rolling perfectly good product,” according to a top executive at the recycler, steelmaker and trader, and it should be ramped up to full capacity by next summer.

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