-
California’s two flat-rolled steel producers have joined the state’s campaign to reduce emissions as California enters its own greenhouse gas cap-and-trade era.
-
A steel bar mill in Ohio and a service center in Nevada have filed separate breach-of-contract complaints in federal courts.
-
Yalian Steel Corp. chairman Xin Duo Yu plans to take over the company as the steel line pipe maker grapples with a lack of orders and high debt.
-
Domestic ferrous scrap pricing volatility shows little sign of abating in the new year as the market appears unlikely to adopt new pricing strategies and practices, industry sources said.
-
WSP Holdings Ltd.’s losses widened in the third quarter as lower export sales and decreased average selling prices walloped the firm’s bottom line.
-
U.S. steel imports increased slightly in November on the back of stronger shipments of semifinished products and cold-rolled sheet.
-
MoveTran LLC, founded by former RG Steel LLC employees, is launching a transloading and logistical services operation in a high-end steel warehouse.
-
Steel consumers—from service centers to stampers to manufacturers—are offering a mixed view of demand for early 2013.
-
The metallics sector foresees growth in the years ahead on the back of technological advancements, affordable natural gas and renewed interest from steelmakers.
-
AK Steel Corp. has kept its grain-oriented electrical steel surcharge for February at $280 per ton ($14 per cwt), unchanged from January’s level, according to the West Chester, Ohio-based company’s website.
-
Chinese hot-rolled steel coil export prices climbed again Monday amid improving market sentiment, sources said.
-
Japanese crude steel output is expected to bounce back only slightly in the first three months of 2013 after falling to its lowest level in six quarters in the final three months of 2012.
-
The number of drill rigs running in the United States fell by 11 last week, led by Texas (down eight), while Canadian drilling activity plunged by 180 rigs compared with the previous week.
-
Turkish steelmakers will increasingly target value-added steel production as part of a new five-year plan set out by the Turkish Iron and Steel Producers Association.
-
West Coast ferrous scrap export prices for containerized shipments have jumped about $10 per tonne in the past two weeks, with exporters aiming even higher.
-
When it comes to new shale oil plays, rail is increasingly moving in on territory long dominated by pipelines.
-
Turkish long steel prices have continued to increase on the back of strengthening scrap import tags.
-
Merger and acquisition (M&A) activity slowed dramatically in the global metals and mining industry in 2012, and that trend is unlikely to change in 2013 as companies throughout the supply chain maintain a cautious outlook, according to a PricewaterhouseCoopers LLP (PwC) executive.
-
The merger between ThyssenKrupp AG stainless division Inoxum Group and Finnish stainless producer Outokumpu Oyj has been completed, both companies confirmed Friday.
-
The Latin American steel industry is expected to remain cautious in 2013 as the result of increasing imports and uncertain global economic conditions.
-
Ferrous scrap export prices have gained momentum after U.S. exporters concluded at least seven bulk cargo sales to Turkey over the past 10 days at slightly higher levels.
-
The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) are continuing labor contract negotiations with just days to avert a strike that would affect containerized cargo along the East and Gulf coasts.
-
Steel traders hope that demand will pick up with more market certainty in the second half of 2013.
-
Members of United Steelworkers union Local 7054 have ratified a new labor contract with Kentucky Electric Steel LLC (KES) in Ashland, Ky.