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Wire rod makers are likely to meet resistance to hikes, market sources said, as Keystone Steel & Wire Co. jumped out of the gate with a rod increase that surpasses a just-settled boost in the scrap surcharge.
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Allegheny Technologies Inc. (ATI) is trimming most of its stainless product surcharges in January.
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Seesawing nickel prices and seasonal factors ranging from a typical year-end softening in demand to efforts by distributors to counteract that weakness and trim inventories have combined to shave stainless flat-rolled sheet prices.
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U.S. steel industry leaders are hoping the country’s second-largest free-trade agreement will spark job creation. However, most see the benefit of the Korea-U.S. Free-Trade Agreement coming from the export of steel-containing goods to the Asia nation.
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These sources noted that they see lackluster demand on the horizon.
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U.S. steel industry leaders are hoping the country’s second-largest free-trade agreement will spark job creation. However, most see the benefit of the Korea-U.S. Free-Trade Agreement coming from the export of steel-containing goods to the Asia nation.
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Allegheny Technologies Inc. (ATI) is trimming most of its stainless product surcharges in January.
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Citing higher raw material costs, hollow structural sections (HSS) mills have boosted prices by $60 per ton ($3 per hundredweight).
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The Steel Manufacturers Association (SMA) endorsed a recommendation to nearly double the gas tax to adequately pay for the Transportation Trust Fund and “stop the abuse of emergency spending.”
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Domestic stainless steel tubular manufacturers are on the alert for an increase in foreign imports, particularly from China and Korea.
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The Canadian International Trade Tribunal has initiated an expiry review of its anti-dumping order on flat hot-rolled carbon and alloy steel sheet and strip originating from Brazil, China, Taiwan, India, South Africa and Ukraine—as well as on subsidizing flat hot-rolled carbon and alloy steel sheet and strip from India.
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Merchant pig iron makers from Brazil’s northern region of Carajás have secured an export deal to the United States that’s up almost $10 per tonne c.f.r. from the previous transaction.
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North American Stainless Inc. is lowering most stainless product surcharges for January in the wake of softer nickel prices in November.
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New orders for iron and steel mills fell 9.5 percent in October, while new orders for aluminum and nonferrous metals rose 2.3 percent, the U.S. Census Bureau reported Friday.
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Reliance Steel & Aluminum Co. has acquired the outstanding capital stock of Lampros Steel Inc., Portland, Ore., and a related interest in Lampros Steel Plate Distribution LLC.
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Gerdau Ameristeel Corp. got a head start on an expected round of wide-flange beam hikes with an immediate $20-per-ton increase—and an indication of more to come.
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North American carbon flat-rolled steel producers were charging ahead with a second price increase in the past week, in tandem with gains seen in scrap prices.
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With scrap prices very much a moving target, producers of steel bar products are wasting no time in implementing a second round of hikes for December that, if fully absorbed, would amount to a $40-per-ton increase for the month.
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Domestic stainless steel tubular manufacturers are on the alert for an increase in foreign imports, particularly from China and Korea.
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SSAB’s North American division and ArcelorMittal USA, Chicago, have each raised the price of steel plate by at least $50 per ton, according to market sources.
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North American carbon flat-rolled steel producers were charging ahead with a second price increase in the past week, in tandem with gains seen in scrap prices.
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Walter Energy Inc. said Friday it will purchase Western Coal Corp. for Canadian $3.3 billion ($3.2 billion), just a day after the parties said they needed more time to negotiate.
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North American Stainless Inc. is lowering most stainless product surcharges for January in the wake of softer nickel prices in November.
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Gerdau Ameristeel Corp. got a head start on an expected round of wide-flange beam hikes with an immediate $20-per-ton increase—and an indication of more to come.