Steel RSS

  • Webco’s net income jumps to $6.2M in fiscal first quarter Dec 02, 2010

    Webco Industries Inc.’s earnings surged in its fiscal first quarter, with net income of nearly $6.2 million more than 12 times the year-earlier $502,000.

  • AK Steel cuts most stainless extras Dec 02, 2010

    AK Steel Corp. is lowering surcharges on most of its stainless and electrical steel products in January, in step with softer nickel prices in November.

  • NLMK Indiana adding jobs as part of facility upgrade Dec 02, 2010

    Hot-rolled steel band producer NLMK Indiana will hire up to 36 employees over the next two years to succeed current employees who are being trained to take part in new operations, the company said Thursday.

  • ArcelorMittal Tubarão cuts steel output by 1M tonnes Dec 02, 2010

    ArcelorMittal Tubarão, Brazil’s largest integrated flat-rolled steel mill, has cut its crude steel production by 1 million tonnes per year because of the accident that damaged Vale SA’s Praia Mole coal terminal in Brazil two weeks ago, the company said.

  • Goodish retirement officially set for Dec. 31 Dec 02, 2010

    John Goodish, U.S. Steel Corp.’s executive vice president and chief operating officer, will officially retire Dec. 31 after 40 years with the company.

  • Webco's net income jumps to $6.2M in fiscal first quarter Dec 02, 2010

    Webco Industries Inc.’s earnings surged in its fiscal first quarter, with net income of nearly $6.2 million more than 12 times the year-earlier $502,000.

  • TMK Ipsco, AK Tube increase ERW product prices Dec 02, 2010

    TMK Ipsco is immediately increasing prices on electric resistance welded (ERW) standard and line pipe products by a minimum of $75 per ton ($3.75 per hundredweight).

  • Canada launches review of carbon sheet dumping Dec 02, 2010

    The Canadian International Trade Tribunal has initiated an expiry review of its anti-dumping order on imported flat hot-rolled carbon and alloy steel sheet and on subsidizing flat hot-rolled carbon and alloy steel sheet and strip from India.

  • Hungry for aluminum, Brazil and Mexico turning to North America Dec 02, 2010

    Traditionally a net exporter of the light metal, Brazil has recently found itself short metal, according to several North American suppliers who say they have started quoting material to ship to Brazil.

  • Upgrades, job additions for NLMK Indiana Dec 02, 2010

    Hot-rolled steel band producer NLMK Indiana will hire up to 36 employees over the next two years to succeed current employees who are being trained to take part in new operations, the company said Thursday.

  • USS, Kobe commit $400M to Pro-Tec Dec 02, 2010

    Pro-Tec Coating Co. is set to begin construction on a 500,000-ton continuous annealing line after U.S. Steel Corp. and Kobe Steel Ltd. on Thursday confirmed an investment of about $400 million in the joint venture.

  • Walter Energy-Western Coal talks on merger extended Dec 02, 2010

    The parties have agreed to extend the original 14-day due diligence and negotiation period that elapsed Dec. 1. Neither company indicated the duration of the extension.

  • Schnitzer buys two used auto parts retailers Dec 01, 2010

    Schnitzer Steel Industries Inc. has acquired two more used auto parts retailers and bought land adjacent to one of its hometown yards to further its expansion, the company said Wednesday.

  • AISI praises Brown, Snowe on China currency reform Dec 01, 2010

    The American Iron and Steel Institute is praising two U.S. senators for their efforts in pressuring China on currency reform.

  • AISI asks Congress to stop EPA greenhouse gas plan Dec 01, 2010

    The American Iron and Steel Institute (AISI) has joined with other industrial groups in urging Congress to block the U.S. Environmental Protection Agency’s plan to regulate greenhouse gas (GHG) emissions.

  • Pro-Tec expansion plan still up in air Dec 01, 2010

    It remains unclear when a proposed expansion of Pro-Tec Coating Co., a Leipsic, Ohio, joint venture between Tokyo-based Kobe Steel Ltd. and U.S. Steel Corp., will move forward despite a flurry of reports coming out of Japan that construction of the new line will commence in 2011.

  • EU steelmakers eyeing imports of CIS slab Dec 01, 2010

    Steelmakers in Europe could start to secure slab supplies from the Commonwealth of Independent States to benefit from cheaper raw material input costs, according to Andrey Laptev, head of strategic planning at Russian steelmaker OAO Severstal.

  • Pro-Tec expansion plans still unclear Dec 01, 2010

    “We have not had any official announcements from our parent companies,” a source at Pro-Tec said Wednesday, referring questions to Pittsburgh-based U.S. Steel.

  • SMA supports gas tax hike for transportation program Dec 01, 2010

    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.”

  • TransDigm to acquire Telair’s actuation division for $94M Dec 01, 2010

    Expanding aerospace components manufacturer TransDigm Group Inc. has agreed to buy the actuation business of Telair International Inc., a Simi Valley, Calif.-based subsidiary of Teleflex Inc., for about $94 million in cash.

  • NY shale drilling ban sparks backlash Dec 01, 2010

    Steelmakers serving the energy market are facing fallout from a New York State ban on hydraulic fracturing in the state until mid-May 2011.

  • TK approves funds for new stainless shop Nov 30, 2010

    ThyssenKrupp AG has approved the funding for a planned stainless steel melt shop at its Calvert, Ala., facility, the chairman of the company’s executive board said Tuesday during a conference announcing the German steelmaker’s year-end results.

  • TK approves funds for new stainless shop Nov 30, 2010

    ThyssenKrupp AG has approved the funding for a planned stainless steel melt shop at its Calvert, Ala., facility, the chairman of the company’s executive board said Tuesday during a conference announcing the German steelmaker’s year-end results.

  • Nucor, ArcelorMittal, AK Steel step in line with sheet hikes Nov 30, 2010

    North American carbon flat-rolled steel prices are heading for yet higher ground as producers set additional hikes that will lift hot-rolled sheet to about $610 per ton as they continue to react to rising scrap prices and improving demand.

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