Steel

  • Steel imports slide 5.5 percent as buyers won’t ‘roll dice’ Dec 30, 2010

    U.S. imports of some flat-rolled products and wire rod bucked the overall trend of lower import volume in November, but market observers say they’re not sure whether higher domestic steel prices will attract foreign material early in 2011 because prices are up everywhere.

  • Moly Mines ships first iron ore to China Dec 30, 2010

    Moly Mines Ltd. has shipped the first 54,500 tonnes of iron ore from its Spinifex Ridge iron ore project in Western Australia to China.

  • Startup service center Flack Steel aims high, targets Nafta market Dec 30, 2010

    Launched quietly seven months ago, service center Flack Steel Ltd. expects to expand current revenues fivefold in two years, shipping flat-rolled products throughout the North American Free Trade Agreement (Nafta) region and guiding customers through treacherous waters.

  • New president at Taubensee Steel Dec 30, 2010

    Taubensee Steel & Wire Co. has named Vernon E. Abel as its new president.

  • Steel imports slide 5.5% as buyers won’t ‘roll the dice’ Dec 30, 2010

    U.S. imports of some flat-rolled products and wire rod bucked the overall trend of lower import volume in November, but market observers say they’re not sure whether higher domestic steel prices will attract foreign material early in 2011 because prices are up everywhere.

  • Arcelor extends Baffinland deadline, doesn’t lift offer Dec 30, 2010

    Steelmaker ArcelorMittal SA has extended the deadline on its bid for iron ore miner Baffinland Iron Mines Corp. to Jan. 10, but has not raised its offering price.

  • Moly Mines ships first cargo of Australian iron ore to China Dec 30, 2010

    Moly Mines Ltd. has shipped the first 54,500 tonnes of iron ore from its Spinifex Ridge iron ore project in Western Australia to China.

  • Arcelor extends Baffinland deadline but doesn't raise offer Dec 30, 2010

    Steelmaker ArcelorMittal SA has extended the deadline on its bid for iron ore miner Baffinland Iron Mines Corp. to Jan. 10, but has not raised its offering price.

  • Nucor hikes sheet prices another $30 per ton Dec 29, 2010

    A Nucor Corp. executive confirmed Wednesday that the steelmaker had increased base prices by $30 per ton for hot-rolled, cold-rolled and galvanized products effective immediately, pushing the spot market price of hot-rolled at $740 per ton and cold-rolled around $840 per ton.

  • US rules on TK stainless dumping Dec 29, 2010

    The U.S. Commerce Department has issued a preliminary ruling increasing German steelmaker ThyssenKrupp AG’s dumping margin nearly sevenfold on imports of stainless sheet and strip in coil from Mexico.

  • TK’s stainless dumping margin hiked Dec 29, 2010

    The U.S. Commerce Department has issued a preliminary ruling increasing German steelmaker ThyssenKrupp AG’s dumping margin nearly sevenfold on imports of stainless sheet and strip in coil from Mexico.

  • USTR support could aid domestic steel in China wind power row Dec 29, 2010

    The U.S. decision to pursue a dispute settlement with China on wind power subsidies at the World Trade Organization (WTO) could have multiple benefits for the domestic steel industry and the United Steelworkers union.

  • Nucor hikes sheet tags another $30 per ton Dec 29, 2010

    A Nucor Corp. executive confirmed Wednesday that the steelmaker had increased base prices by $30 per ton for hot-rolled, cold-rolled and galvanized products effective immediately, pushing the spot market price of hot-rolled at $740 per ton and cold-rolled around $840 per ton.

  • Dispute settlement efforts against China could aid domestic steel Dec 29, 2010

    The U.S. decision to pursue a dispute settlement with China on wind power subsidies at the World Trade Organization could have multiple benefits for the domestic steel industry and the United Steelworkers union.

  • Canada iron ore shipments to resume on repaired track Dec 29, 2010

    A rail line on Quebec’s North Shore damaged by heavy rains earlier this month, disrupting the transport of iron ore from local mines, has been repaired.

  • Mini-mill pioneer Marvin Selig dies at 87 Dec 29, 2010

    Marvin Selig, former chairman of the Steel Group of Commercial Metals Co. (CMC) and a seminal figure in creating the modern mini-mill industry, died Monday following a long illness. He was 87.

  • Canadian iron ore shipments to resume on repaired rail line Dec 29, 2010

    A rail line on Quebec’s North Shore damaged by heavy rains earlier this month, disrupting the transport of iron ore from local mines, has been repaired.

  • US hot band leads world with 7.1 percent price increase Dec 29, 2010

    Global hot band prices continued to climb as the year drew to a close, led by a 7.1-percent jump in the United States, according to SteelBenchmarker’s latest report.

  • Lincoln Electric acquiring Severstal welding business Dec 29, 2010

    Russian steel giant Severstal is selling a downstream unit of its metalware segment to a Cleveland-based company for an undisclosed amount.

  • Mini-mill pioneer Marvin Selig dies at 87 Dec 29, 2010

    Marvin Selig, former chairman of the Steel Group of Commercial Metals Co. and a seminal figure in creating the modern mini-mill industry, died Monday. He was 87.

  • Three men admit theft from Steel of W. Va. Dec 29, 2010

    Three men are facing prison sentences after admitting taking $110,000 in products from a Steel Dynamics Inc. (SDI) facility and selling them to scrapyards.

  • AK Steel closing Ashland coke plant Dec 29, 2010

    Higher operating expenses and potential upgrade costs in excess of $50 million have led to AK Steel Corp.’s decision to permanently close its Ashland, Ky., coke plant in the upcoming year.

  • US raw steel production declines 2.9 percent Dec 29, 2010

    U.S. raw steel output totaled 1,648,000 net tons last week as mills operated at an average capability utilization rate of 68.1 percent, down 2.9 percent from 1,697,000 tons the previous week.

  • Brazilian pig iron prices hit $480/tonne Dec 29, 2010

    Pig iron producers in Brazil’s southeastern Minas Gerais state closed two export deals at $475 to $480 per tonne f.o.b. after several weeks out of the market, while companies in the northern region of Carajás have refused bids as high as $500 per tonne, according to producers and trading sources.

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