Steel

  • Long product import tags poised to move up Dec 13, 2011

    Domestic price increases for long products could translate into import hikes in the new year, traders and buyers told AMM.

  • CME launches hot-rolled coil options contract Dec 13, 2011

    CME Group Inc. launched its new hot-rolled coil steel options contract this week, giving steel producers and users an alternative to the exchange’s existing steel futures contract for managing risk.

  • Trade unions protest Gerdau labor decision Dec 13, 2011

    Trade unions held an informational picket at Gerdau Special Steel North America's plant in Monroe, Mich., on Monday objecting to Gerdau’s decision to hire a non-unionized company to install steel manufacturing machinery.

  • W. Coast protests cause minor port delays Dec 13, 2011

    West Coast ports resumed normal operations Tuesday morning after Occupy demonstrators caused minor delays and setbacks at some terminal operations Monday.

  • SDI, Gerdau boost rebar $30/ton Dec 13, 2011

    Steel Dynamics Inc. (SDI) and Gerdau Long Steel North America have announced plans to boost tags for reinforcing bar products by $30 per ton ($1.50 per hundredweight) effective with shipments Jan. 1.

  • UAW local avoids Gerdau picket after labor deal sealed Dec 13, 2011

    Trade unions’ informational picketing efforts at Gerdau Special Steel North America are supported by United Auto Workers (UAW) union Local 723 in Monroe, Mich., but local president Bob Cebina said his membership won’t participate since a new four-year labor agreement was ratified just last week.

  • Gerdau sets Jan. 1 wire rod hike Dec 13, 2011

    Gerdau Long Steel North America plans to increase wire rod prices by $40 to $50 per ton ($2 to $2.50 per hundredweight) effective with Jan. 1 shipments.

  • US stainless steel consumption at 2011 low in September Dec 13, 2011

    Domestic stainless steel consumption fell to its lowest level this year in September, according to figures from the Specialty Steel Industry of North America (SSINA).

  • 2d round of steel plate tag hikes may spur buys Dec 13, 2011

    At least one domestic steel plate producer is set to raise prices another $50 per ton late next month in a move that market players say is intended to attract would-be buyers off the sidelines during a traditionally slow ordering period.

  • WSP mulls offer from HDS, could go private Dec 13, 2011

    WSP Holdings Ltd. is considering a non-binding offer from HDS Investments LLC, which has expressed an interest in buying the steel tube and pipe maker and taking it private, WSP said Tuesday.

  • Clarification: Stainless tubular tags to climb into ’12 Dec 13, 2011

    Bristol Metals LLC’s 15-percent price increase reported in the Dec. 12 edition will apply to base prices. The increase excludes alloy surcharges that apply to the net transaction price, making the overall net increase closer to 6 to 7 percent, the company said Tuesday.

  • USW blasts USS-Canada for settlement Dec 13, 2011

    The United Steelworkers union is blasting a settlement of the long-running dispute between U.S. Steel Corp. and the Canadian government over whether the steelmaker lived up to commitments made when it acquired the former Stelco Inc. in 2007.

  • Optima combining Niagara LaSalle, MST Dec 13, 2011

    Optima Specialty Steel Inc. will combine recently acquired Niagara LaSalle Corp. with its Michigan Seamless Tube LLC (MST) unit, executives from both companies said in a letter to customers obtained by AMM.

  • US raw steel production slips 0.9 percent Dec 13, 2011

    U.S. raw steel output totaled 1,840,000 net tons last week, down 0.9 percent from 1,857,000 tons the previous week, as mills operated at an average capability utilization rate of 74.3 percent.

  • Yalian Steel obtains $5M loan Dec 13, 2011

    Yalian Steel Corp. has obtained a $5-million loan from Beidahuang Agricultural Development Ltd., an unaffiliated company in China.

  • State Dept. rejects ‘arbitrary’ XL deadline Dec 13, 2011

    The U.S. State Department would be unable to issue permits for TransCanada Corp.’s proposed Keystone XL pipeline project if Congress imposes an "arbitrary deadline," according to a department spokesman.

  • ITA postpones ruling on Chinese steel nails Dec 13, 2011

    The Commerce Department’s International Trade Administration (ITA) has postponed until Feb. 9 the final results of its second anti-dumping duty administrative review of certain steel nails from China from Aug. 1, 2009, to July 31, 2010.

  • Commerce delays decisions on Chinese products Dec 13, 2011

    The Commerce Department’s International Trade Administration (ITA) has postponed to March 30 its preliminary decisions in anti-dumping duty administrative reviews of certain steel threaded rod as well as front-seating service valves from China from April 1, 2010 to March 31, 2011, citing difficulty in the analysis.

  • Commerce rescinds review of Taiwan pipe, tube Dec 13, 2011

    The Commerce Department’s International Trade Administration (ITA) is rescinding an anti-dumping duty administrative review of certain circular welded carbon steel pipe and tube from Taiwan.

  • SWAPS REPORT: Iron ore swaps levels pick up as prices edge down Dec 13, 2011

    OTC iron ore prices edged down on December 13, as contracts exchanged in an unexpected flurry of activity, brokers told Metal Bulletin.

  • LME billet prices up on scrap tightness, short buying Dec 13, 2011

    London Metal Exchange three-month steel billet prices increased on December 13 on tightness in the ferrous scrap market and short buying, traders told Metal Bulletin.

  • ME STEEL: Iron ore price volatility set to continue Dec 13, 2011

    Iron ore prices are likely to become even more volatile, putting pressure on steel fabricators while end-user demand remains soft, an industry panel told delegates at Metal Bulletin’s Middle East Iron & Steel conference in Dubai on December 13.

  • ATI increases board size as Pipski joins Dec 13, 2011

    Allegheny Technologies Inc. (ATI) has named John R. Pipski to its board of directors, increasing to 10 the number of board members.

  • HRC import prices into GCC edge up as CRC prices stabllise Dec 13, 2011

    Import prices for hot rolled coil (HRC) into markets in the Gulf Co-operation Council (GCC) nations rose only slightly last week, despite intensifying competition between major Asian producers.

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