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Major hollow structural section (HSS) and mechanical tubing mills in the Midwest and the South are increasing prices by $50 per ton ($2.50 per hundredweight), citing higher raw material costs.
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High driver turnover and a difficult economy, coupled with stringent federal regulations, is hurting the trucking and freight sector, according to transportation experts.
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Main Steel Polishing Co. Inc. has appointed Joe DeCarlo vice president of stainless marketing.
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The London Metal Exchange’s three-month steel billet contract price fell on December 6 as the market corrected itself, a trader told Metal Bulletin.
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Max Aicher North America Inc. (MANA) is looking for a strong 2012 despite a challenging 2011.
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Four ArcelorMittal USA LLC workers were injured in an incident at the company’s Coatesville, Pa., melt shop.
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Shaw Pipe resumed production Thursday at one of two coating lines at its Regina, Saskatchewan, operation, which was damaged by fire in the past week, a company executive told AMM late Monday.
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Iron ore swaps prices fell on December 6 in a flurry of selling, as poor European economic news saw commodities markets dive, brokers told Metal Bulletin.
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Ukrainian steelmaking group Metinvest has blown in a new blast furnace at its Yenakievo works, which will increase the plant’s pig iron capacity by two-thirds, the company said.
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Steel fabricator Empire Industries Ltd. is selling two of its Canadian facilities in a deal valued at approximately Canadian $3.8 million ($3.7 million).
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Anglesey Mining is in talks with a major trading company about the iron ore produced by its Labrador Iron Mines’ (LIM) operations from 2012 and beyond, chief executive Bill Hooley told Metal Bulletin on the sidelines of the Mines and Money 2012 conference in London on December 6.
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Workers belonging to the European Metalworkers’ Federation (EMF) will stage 24-hour warning strikes on December 7 at ArcelorMittal operations in south Belgium and Luxembourg, the union said.
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Continuing market uncertainty has prompted Czech flats producer ArcelorMittal Ostrava to offer voluntary redundancy to the 6,000 workers at the company itself as well as its subsidiaries.
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Turkish rebar exporters have increased prices by $5 per tonne to consumers in the Persian Gulf region for January delivery, as the buyers look for material only to fulfil their immediate needs.
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Iran remains the biggest export market in the Middle East for CIS billet producers to support the strong demand from re-rollers to serve the needs of Iran’s booming construction market.
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Volatile markets and risk-averse investors have made it increasingly important for miners to secure strong finance partners that suit their needs, a Standard Bank executive said at the Mines and Money 2011 conference in London on December 6.
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U.S. raw steel output totaled 1,857,000 net tons last week, up 2.3 percent from 1,815,000 tons the previous week, as mills operated at an average capability utilization rate of 74.9 percent.
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Falling steel prices have contributed to an 8% quarter-on-quarter decrease in earnings at Magnitogorsk Iron & Steel (MMK), according to a results statement published on December 5.
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Junior miners will be in line for the bulk of equity available to mining companies when the current economic crisis finally eases, according to Ernst and Young.
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Canadian miner New Millennium Iron has launched a C$50 million ($49.1 million) feasibility study with its partner, India’s Tata Steel, to investigate further development of iron ore reserves on the border between the provinces of Québec and Newfoundland & Labrador
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Taigang Stainless Steel, the dominant producer in China, pushed its biggest stainless mill to record-high output in November, according to a report in state media trumpeting the achievement.
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South Africa’s coal export industry would be killed if the carbon tax is implemented in its currently proposed form, Cynthia Carroll, ceo of Anglo American, said at the UN climate change conference in Durban, according to Johannesburg newspaper Business Day.
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China’s imported iron ore market was flat on Tuesday as Chinese steel mills shunned buying due to weak downstream demand.
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Asian steelmakers preparing to set prices for early next year are doing so against a background of heightened global uncertainty and a clouded outlook for steel markets.