Steel RSS

  • Communication saves transportation costs, say metal managers Dec 05, 2011

    Transportation and logistics managers at three metal companies said they’re doing better than ever at managing costs by forming close relationships with their carriers and drivers, stressing that communication is paramount.

  • Johannessen Trading promotes DeMarco Dec 05, 2011

    Kevin DeMarco has been promoted to vice president and general manager of steel distributor Johannessen Trading Co.

  • Greater infrastructure spending urged Dec 05, 2011

    A fixed highway and railroad system, coupled with a massive increase in population and trade demand, makes for inefficiencies in the nation’s infrastructure network, according to a transportation expert.

  • USS restarts Hamilton cold mill: union leader Dec 05, 2011

    U.S. Steel Corp. has resumed cold mill operations at its Hamilton, Ontario, steelmaking complex and expects to restart the plant’s galvanizing and galvannealing Z-line as soon as Thursday, according to a union official.

  • ITC revokes plate duties vs. Japan, Italy Dec 05, 2011

    The U.S. International Trade Commission (ITC) voted Monday to revoke anti-dumping duty orders on cut-to-length plate from Japan and Italy but continued existing orders on India, South Korea and Indonesia.

  • CMC board unanimously rejects takeover bid Dec 05, 2011

    Commercial Metals Co.’s (CMC) board of directors has unanimously rejected the hostile takeover bid from billionaire investor Carl Icahn, calling the unsolicited offer "opportunistic" and substantially undervalued.

  • Economic ‘malaise’ may lift on US energy sector: analyst Dec 05, 2011

    The global economy is at a dangerous juncture, especially in light of the European debt crisis, but there are reasons for optimism in 2012, including in energy plays and commodities, according to the managing director of IHS Global Insight Inc.

  • Qatar Steel agrees $250m loan facility to fund expansion Dec 05, 2011

    Qatar Steel has signed a 912.5 million Qatari riyal ($250 million) loan with a syndicate of two banks to fund its expansion plans.

  • ENRC, MMK settle iron ore dispute 'amicably' Dec 05, 2011

    Eurasian Natural Resources Corporation (ENRC) and Magnitogorsk Iron & Steel Works (MMK) have settled an iron ore contract dispute which saw MMK’s Australian shares frozen, the companies said in a joint statement on December 5.

  • SWAPS REPORT: OTC iron ore prices steady on thin trade Dec 05, 2011

    The OTC iron ore swaps market saw thin trade on December 5, with many market players taking a step back from active trading ahead of the new year period, brokers told Metal Bulletin.

  • Poor Mena demand keeps CIS rebar export prices unchanged for second week Dec 05, 2011

    Scant demand from consumers in the Middle East and North Africa (Mena) region and a slowdown in buying activity have kept CIS rebar export prices steady for a second week in a row for January rolling, market participants told Metal Bulletin.

  • China currency bill misunderstood: trade lawyers Dec 05, 2011

    The fiercely debated currency bill that has flared tempers from Capitol Hill to Beijing but has yet to make its way through the House may pack a lot less wallop than thought.

  • CIS steel billet exporters hold prices steady for second week to encourage Mena buyers Dec 05, 2011

    CIS steel billet export prices remained unchanged for the second consecutive week on December 2 for January production and delivery.

  • Opinions divided on next HRC export prices from CIS Dec 05, 2011

    CIS export offer prices for hot rolled coil could move in either direction for January rolling, market participants told Metal Bulletin on December 5.

  • NAS raises Dec. fuel extra to 34% Dec 05, 2011

    North American Stainless Inc. (NAS) has increased its fuel surcharge for stainless flat and long products to 34 percent for December from 32 percent last month.

  • ITC sets injury vote on pipe imports Dec 05, 2011

    The International Trade Commission (ITC) will vote Dec. 9 on material injury in its anti-dumping duty investigation of imports of circular welded carbon steel pipe from India, Oman, United Arab Emirates and Vietnam.

  • Anti-dumping duties on lock washers to stay in place Dec 05, 2011

    The Commerce Department’s International Trade Administration (ITA) has determined that revocation of anti-dumping duty orders on certain helical spring lock washers from China and Taiwan would likely lead to material injury, and the existing orders will remain in place.

  • Commerse rescinds 'new shipper' review on nail imports Dec 05, 2011

    The Commerce Department’s International Trade Administration (ITA) has rescinded a "new shipper" review in the final decision on certain steel nails (with shaft length up to 12 inches) from China.

  • Commerce delays results on steel plate review Dec 05, 2011

    The Commerce Department’s International Trade Administration (ITA) is delaying to May 30 the preliminary results of an administrative review of an anti-dumping duty order on stainless steel plate in coils from Belgium.

  • US drilling falls, Canada steady Dec 05, 2011

    The number of drill rigs running in the United States fell by seven last week, led by Colorado and Texas (each down four), while Canadian drilling activity was unchanged from the previous week.

  • Discrimination complaint lands Pa. center $122,989 fine Dec 05, 2011

    Fine Steel Inc. has been ordered to pay $122,989 to a former employee who alleged the company discriminated against him based on his Mexican ancestry.

  • FREIGHT REPORT: Capesize iron ore rates to China harden again Dec 05, 2011

    Chartering rates for vessels carrying iron ore on the main freight routes to China strengthened further on December 5, brokerage firm Clarkson Securities told Metal Bulletin.

  • NEWS ANALYSIS: Ternium’s share acquisition in Usiminas frustrates CSN’s ambitions Dec 05, 2011

    Latin American steelmaker Ternium’s acquisition of a 27.66% controlling stake in Brazil-based Usiminas brings an end to speculation about CSN's plans to increase its influence at Latin America’s biggest flats maker.

  • Canadian miner offloads iron ore deposit to focus on polymetallic extraction Dec 05, 2011

    Canadian miner Argex Mining is to restructure its business and will sell its Mouchalagane iron ore deposit in northern Québec to its own subsidiary Impact Iron Mines, which will be divested, cfo Mark Billings told Metal Bulletin.

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