Steel RSS

  • US hot band leads world with 7.1% steel 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.

  • US raw steel production declines 2.9% 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.

  • AK closing Ashland coke plant Dec 29, 2010

    Higher operating costs 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.

  • SDI wins ‘Vermonter’ project rail supply pact Dec 23, 2010

    Steel Dynamics Inc. (SDI) will supply 28,500 net tons of continuous welded rail to L.B. Foster Co., its strategic rail distributor, for installation on the New England Central Railroad.

  • Severstal NA, union settle equipment row Dec 23, 2010

    Severstal North America has reportedly reached a settlement with the United Steelworkers union over the removal of equipment from Wheeling Corrugating Co., Beech Bottom, W.Va.

  • SSAB warns weak market will hit profits Dec 23, 2010

    Weak steel market conditions in both the United States and Europe will lead Swedish steelmaker Svenskt Stal AB (SSAB) to post a fourth-quarter 2010 operating profit of “close to zero,” the company said.

  • Baltimore scrap recyclers plead guilty to NSA kickback scheme Dec 23, 2010

    Two Baltimore scrap dealers have admitted their involvement in a scheme to pay more than $100,000 in illegal kickbacks for recyclable metals from the National Security Agency (NSA).

  • Talley Metals hikes stainless bar, rod pricing 5% for Feb. Dec 23, 2010

    Talley Metals Technology Inc., a subsidiary of Carpenter Technology that manufactures stainless bar and rod, has slated a 5-percent price hike across the range of its products starting in February, although market sources are conflicted on whether others will follow.

  • Volatile steel prices stir new call for US futures Dec 23, 2010

    The rapid run-up in U.S. steel pricing has some steel buyers seeking shelter from the storm, which they might find in a renewed call for the employment of steel futures.

  • Pricing volatility renews spark for steel futures market in US Dec 23, 2010

    The rapid run-up in U.S. steel pricing has some steel buyers seeking shelter from the storm, which they might find in a renewed call for the employment of steel futures.

  • Talley Metals hikes stainless bar, rod pricing 5% for Feb. Dec 23, 2010

    Talley Metals Technology Inc., a subsidiary of Carpenter Technology that manufactures stainless bar and rod, has slated a 5-percent price hike across the range of its products starting in February.

  • SSAB warns weak market will hit profits Dec 23, 2010

    Weak steel market conditions in both the United States and Europe will lead Swedish steelmaker Svenskt Stal AB (SSAB) to post a fourth-quarter 2010 operating profit of “close to zero,” the company said.

  • SDI wins rail supply contract for 'Vermonter' project Dec 23, 2010

    Steel Dynamics Inc. (SDI) will supply 28,500 net tons of continuous welded rail to L.B. Foster Co., its strategic rail distributor, for installation on the New England Central Railroad.

  • Severstal NA, union reach settlement on move of W.Va. equipment Dec 22, 2010

    Severstal North America has reportedly reached a settlement with the United Steelworkers union over the removal of equipment from Wheeling Corrugating Co., Beech Bottom, W.Va.

  • C&F’s Foster named AIIS chairman Dec 22, 2010

    John D. Foster, chief executive officer of the North American division of trader Coutinho & Ferrostaal Inc., has been named chairman of the board of the American Institute for International Steel (AIIS), Washington, for the 2011-12 term.

  • Evermore appetite said driving UBC pricing up Dec 22, 2010

    Used beverage container (UBC) prices, which have remained firm all year, have been driven by Evermore Recycling LLC’s ability to overpay the market to meet its mammoth requirements, market sources told AMM.

  • Olympic orders Tenova mill Dec 22, 2010

    Tenova I2S, Yatesville, Conn., has signed a contract with Olympic Steel Inc. for the supply of a 444- and 1,067- by 2,134-millimeter four-high temper mill for Olympic’s new site at the Gary Works operations of U.S. Steel Corp. in Gary, Ind.

  • Kelly Pipe hires Paul Oscar Dec 22, 2010

    Paul Oscar has joined distributor Kelly Pipe Co. as manager of its Chicago branch.

  • Developer buys ex-steel plant site Dec 22, 2010

    An upstate New York developer has bought a former Bethlehem Steel Corp. site. Buffalo, N.Y.-based Great Lakes Industrial Development reportedly paid $3.5 million to ArcelorMittal USA, Chicago, for the 160-acre site, Bethlehem’s former Lackawanna, N.Y., operations, local reports said.

  • NLMK to decide on SIF stake in first half of 2011 Dec 22, 2010

    Novolipetsk Iron & Steel (NLMK) will decide in the first half of 2011 whether to buy the remaining 50-percent stake in its Steel Invest & Finance (SIF) joint venture with Duferco SA, a spokesman for the Russian steelmaker told AMM sister publication Metal Bulletin.

  • Latin American steel usage to top 56.2M tonnes in ‘10 Dec 22, 2010

    Latin American apparent steel consumption reached 52.3 million tonnes in the first 10 months of this year and is now expected to surpass the full-year estimate of 56.2 million tonnes, forecast in September, Ilafa, the Latin American Steel Institute, said.

  • C&F's Foster named AIIS chairman Dec 22, 2010

    John D. Foster, chief executive officer of the North American division of trader Coutinho & Ferrostaal Inc., has been named chairman of the board of the American Institute for International Steel.

  • China OCTG maker books $91.8M Venezuelan order Dec 22, 2010

    Chinese steel pipe product manufacturer Wuxi Seamless Oil Pipes Co. Ltd. (WSP China) has received an order valued at $91.8 million to supply oil country tubular goods (OCTG) to the Venezuelan market.

  • JSW gets CVD rate cut for 2006 imports Dec 22, 2010

    India’s JSW Steel Ltd. has won a significant reduction in countervailing duty (CVD) rates on 2006 imports of hot-rolled carbon steel to the United States but will still pay a price for its sales.

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