Steel

  • Buyers clamber as Nucor hikes rebar $45/T for Jan. Dec 09, 2010

    Nucor Corp. has announced another price increase on concrete reinforcing bar, sending buyers scrambling to stock up before prices jump by $45 per ton next month.

  • Plate market gains footing as Nucor joins price hike Dec 09, 2010

    A lagging U.S. market for plate steel products—lagging in terms of demand and in the timing of price hikes relative to flat-rolled steel—is beginning to gain traction as 2010 draws to a close, according to market sources.

  • USS Canada lockout continues with no resolution seen near Dec 09, 2010

    The lockout of 900 union-represented workers at U.S. Steel Canada is dragging on with no end in sight, and it appears only an economic turnaround will remove the padlocks from the Hamilton, Ontario, plant’s gates.

  • Insteel moving Ivy's Texas operations, cutting 48 jobs Dec 09, 2010

    Insteel Industries Inc. is moving its Texas manufacturing operations from the Houston plant it acquired as part of its purchase of Ivy Steel & Wire Inc.’s assets to the Dayton, Texas, plant it has operated since 1983.

  • Timken gets $5.24M in ‘Byrd’ funds Dec 08, 2010

    Timken Co. has received approximately $5.24 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2010.

  • No surge in steel imports on horizon even after price increases Dec 08, 2010

    The U.S. steel industry need not worry about an influx of steel sheet imports in the next few months, despite multiple price increases by domestic producers, trade experts said.

  • Timken gets $5.24M in ‘Byrd’ funds Dec 08, 2010

    Timken Co. has received approximately $5.24 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2010.

  • ArcelorMittal spin-off set for float Dec 08, 2010

    ArcelorMittal SA will split its stainless steel business from the rest of the group by floating shares in Europe and the United States early next year, the company said.

  • Indian OCTG failed in Marcellus, firms allege Dec 08, 2010

    Drilling company CNX Gas Co. LLC and distributor Fairmont Supply Co. have accused Indian pipe maker ISMT Ltd. of supplying them with faulty products that left a Marcellus Shale well in “useless” condition.

  • No surge in steel imports on horizon even after price increases Dec 08, 2010

    The U.S. steel industry need not worry about an influx of steel sheet imports in the next few months, despite multiple price increases by domestic producers, trade experts said.

  • Despite price hikes, imports not tempting steel traders Dec 08, 2010

    The U.S. steel industry need not worry about an influx of steel sheet imports in the next few months, despite multiple price increases by domestic producers, trade experts said.

  • Spain’s Aceros IMS sold materials to Syria secret cable Dec 08, 2010

    Spanish specialty steel distributor and fabricator Aceros IMS International SA allegedly has been involved with Syrian entities possibly supplying steel and aluminum alloys to Syria’s weapons of mass destruction and missile programs, according to a secret diplomatic cable made public by WikiLeaks.

  • ExlTube follows $60/T tubing hike Dec 08, 2010

    ExlTube has announced a “minimum” price increase of $60 per ton ($3 per hundredweight) on all A-500 and A-513 structural and mechanical tubing products.

  • AK’s Wainscott sees difficult future for US manufacturing Dec 08, 2010

    Irony is not lost on James Wainscott, chairman, president and chief executive officer of AK Steel Corp. Iron ore, on the other hand, is another story.

  • Chinese bar grating hurting market, CITT says Dec 08, 2010

    The Canadian International Trade Tribunal (CITT) has found reasonable indication of dumping and subsidization of carbon, alloy and stainless steel bar grating from China, in violation of World Trade Organization rules.

  • ExlTube follows $60/T structural, mechanical tubing product hike Dec 08, 2010

    ExlTube has announced a “minimum” price increase of $60 per ton ($3 per hundredweight) on all A-500 and A-513 structural and mechanical tubing products.

  • Massey rewards Blankenship with $12M severance package Dec 08, 2010

    Don Blankenship, the outgoing chairman and chief executive officer of Massey Energy Co., is to receive a $12-million severance package as part of his retirement later this month, according to a regulatory filing.

  • Marmon promotes managers Dec 08, 2010

    Pipe and tube distributor and processor Marmon/Keystone Corp. has promoted David Tripicchio to operations manager at its Spring Valley, Ill., service center.

  • Heenan retires from SRI; built sustainablility efforts Dec 08, 2010

    Bill Heenan has retired as president of the Steel Recycling Institute (SRI), ending a nearly 40-year career in the steel industry.

  • AK’s Wainscott sees difficult future for US manufacturing Dec 08, 2010

    Irony is not lost on James Wainscott, chairman, president and chief executive officer of AK Steel Corp. Iron ore, on the other hand, is another story.

  • Wild LME drives 'weird' scrap market Dec 08, 2010

    The aluminum scrap market was “weird” Tuesday as buyers tried to handle the wild primary aluminum price swings on the London Metal Exchange.

  • Wild LME drives 'weird’ scrap market Dec 08, 2010

    The aluminum scrap market was "weird” Tuesday as buyers tried to handle the wild primary aluminum price swings on the London Metal Exchange.

  • Chinese carbon, alloy bar grating injuring market CITT Dec 08, 2010

    The CITT said the grating products come from load-bearing pieces and cross pieces that were produced as standard grating or heavy-duty grating, in panel form. They involved galvanized, painted, coated, clad or plated product.

  • Aceros IMS sold materials to Syria, secret cable says Dec 08, 2010

    Spanish specialty steel distributor and fabricator Aceros IMS International SA has been allegedly involved with Syrian entities possibly supplying steel and aluminum alloys to Syria’s weapons of mass destruction and missile programs, according to a secret diplomatic cable made public by WikiLeaks.

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