Steel

  • ArcelorMittal SA approved for Baffinland acquisition Dec 14, 2010

    ArcelorMittal SA has received required regulatory approvals to purchase all the shares of Baffinland Iron Mines Corp., which owns the Mary River property in Canada’s Nunavut territory.

  • US, Canada drill rig counts increase Dec 14, 2010

    The number of drill rigs running in the United States increased by 10 last week, led by Texas (up four), while Canadian drilling activity jumped by 33 rigs compared with the previous week.

  • US raw steel production slips 0.8 percent Dec 14, 2010

    U.S. raw steel output totaled 1,683,000 net tons last week as mills operated at an average capability utilization rate of 69.6 percent, down 0.8 percent from 1,697,000 tons the previous week.

  • USS management rejig to put Jura at Canada helm Dec 13, 2010

    U.S. Steel Corp. has continued a string of management changes following the recent announcement that longtime chief operating officer John H. Goodish will retire at the end of this month.

  • Three Severstal workers injured in BOF incident Dec 13, 2010

    A basic oxygen furnace reaction sent three Seversal North America workers to the hospital with minor injuries late Friday, the cause of which is under investigation by company executives and union and local safety officials.

  • U.S. Pipe strike ends as USW ratifies contract Dec 13, 2010

    Unionized workers returned to work Monday at U.S. Pipe & Foundry LLC’s Bessemer, Ala., ductile iron pipe and fittings plants after ratifying a new labor deal Saturday.

  • TK awaits ISO certification, readies for US auto push Dec 13, 2010

    German steelmaker ThyssenKrupp AG said it may take up to a year to receive certification by the International Organization for Standardization (ISO) before it can supply automakers in the United States.

  • Chevron ordered to shut down pipeline Dec 13, 2010

    Chevron Corp. has been ordered by U.S. pipeline safety officials to close a nearly 60-year-old oil pipeline following an oil spill in Salt Lake City in early December, the second to flow through the city in six months.

  • USW takes on Severstal NA over removal of equipment Dec 13, 2010

    The United Steelworkers union is taking Severstal North America to court to try to prevent the removal of equipment from a union operation in Beech Bottom, W.Va., to a non-union shop in Emporia, Va.

  • Flat-rolled price hikes said sticking Dec 13, 2010

    The third of the recent flat-rolled steel spot price increases appears to be taking hold and could ultimately lead to wider use of steel futures in the North American market, according to some market observers.

  • Overseas steelmakers paying more for scrap Dec 13, 2010

    Foreign steelmakers looking to buy ferrous scrap from U.S. exporters may have to boost their buying prices to get the material they need, industry sources said.

  • Essar Algoma eyes layoffs, cites weakness in market Dec 13, 2010

    Essar Steel Algoma Inc. is prepared to lay off as much as 12.5 percent of its work force due to weak steel market conditions.

  • Gerdau Ameristeel ups long product tags another $45/T Dec 13, 2010

    Gerdau Ameristeel Corp. has beaten the market to the punch on the latest long product hike by immediately putting through a $45-per-ton increase that its rivals weren’t due to implement until next month.

  • USW takes on Severstal NA over removal of W.Va. plant equipment Dec 13, 2010

    The United Steelworkers union is prepared to take Severstal North America to court to prevent the removal of equipment from a union operation in Beech Bottom, W.Va., to a non-union shop in Emporia, Va.

  • Gerdau Ameristeel ups long product tags another $45/T Dec 13, 2010

    Gerdau Ameristeel Corp. has beaten the market to the punch on the latest long product hike by immediately putting through a $45-per-ton increase that its rivals weren’t due to implement until next month.

  • SM Energy says Indian OCTG producer not liable in oil well failure Dec 13, 2010

    SM Energy Co. doesn’t plan to take legal action against Indian oil country tubular goods (OCTG) producer Maharashtra Seamless Ltd. for pipe that purportedly failed in an Oklahoma well.

  • Steel frenzy continuing, higher tags said sticking Dec 13, 2010

    The third of three recent flat-rolled steel spot price increases appears to be taking hold and could ultimately lead to wider use of steel futures in the North American market, according to some market observers.

  • Strike at U.S. Pipe ends as workers ratify contract [UPDATE] Dec 13, 2010

    Unionized workers returned to work Monday at U.S. Pipe & Foundry LLC’s Bessemer, Ala., ductile iron pipe and fittings plants after ratifying a new labor deal Saturday.

  • TK awaits ISO certification, readies big US auto push Dec 13, 2010

    German steelmaker ThyssenKrupp AG said it may take up to a year to receive certification by the International Organization for Standardization (ISO) before it can supply automakers in the United States.

  • More management changes at USS Dec 13, 2010

    U.S. Steel Corp. has continued a string of management changes following the recent announcement that longtime chief operating officer John H. Goodish will retire at the end of this month.

  • U.S. Pipe strike ends, USW OKs previously rejected deal Dec 13, 2010

    Unionized workers returned to work Monday at U.S. Pipe & Foundry LLC’s Bessemer, Ala., ductile iron pipe and fittings plants after ratifying a new labor deal Saturday, a company spokesman said.

  • Severstal NA BOF reaction probed, 3 workers injured Dec 13, 2010

    A basic oxygen furnace reaction sent three Seversal North America workers to the hospital with minor injuries late Friday, the cause of which is under investigation by company executives and union and local safety officials.

  • Global issues could hinder steel rebound, OECD says Dec 10, 2010

    There are clear indications that the global steel industry is emerging from what was the worst economic slowdown in more than half a century. But the situation remains “fluid and challenging” for global steelmakers, according to the steel committee chairman at the Organization for Economic Cooperation and Development (OECD).

  • ThyssenKrupp lighting up second furnace in Brazil Dec 10, 2010

    ThyssenKrupp AG is firing up a second blast furnace at its Cia. Siderurgica do Atlantico SA integrated steel mill in Rio de Janeiro, chairman of the executive board Ekkehard Schulz told reporters at the launch of the German steelmaker’s Calvert, Ala., carbon/stainless complex Friday.

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