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