Steel

  • Welspun's new ERW mill to start output in Jan. Nov 21, 2012

    Welspun Tubular LLC plans to begin production at its new electric-resistance welded (ERW) steel pipe mill in Little Rock, Ark., in the second week of January, according to a company executive.

  • Sandy's impact on steel said likely longer term Nov 21, 2012

    The steel industry stands to see an uptick in demand due to the effects of Hurricane Sandy, but the boost will likely not be felt anytime soon, according to market sources.

  • Nucor hiking plate prices another $50/T Nov 21, 2012

    Nucor Corp.’s plate group will increase published prices on all new orders by a minimum of $50 per ton, the company said in a letter to customers dated Nov. 21.

  • China's crude steel output up in early November Nov 21, 2012

    China’s crude steel output increased further in November as steelmakers rushed to boost production on price gains.

  • Valmont acquires Katana assets Nov 20, 2012

    A Nebraska coil coater, tubing producer and manufacturer of metal-intensive utility structures and irrigation equipment Valmont Industries Inc. has acquired the manufacturing assets of Katana Summit LLC.

  • BridgeTex Pipeline firms pushing ahead Nov 20, 2012

    Magellan Midstream Partners LP and Occidental Petroleum Corp. said they are proceeding with the construction of a 400-mile, 20-inch-diameter crude oil pipeline running from Colorado City, Texas, to Houston’s Gulf Coast area.

  • Optima to acquire KES for $112.5M Nov 20, 2012

    Seamless tube and cold-finished bar producer Optima Specialty Steel Inc. has inked a deal to acquire special bar quality (SBQ) and merchant bar quality steel producer Kentucky Electric Steel LLC (KES) for $112.5 million in cash, according to KES parent ALJ Regional Holdings Inc.

  • China helps lift global steel output Nov 20, 2012

    Global crude steel output rose 1.3 percent in October compared with the same month in 2011, riding a large uptick in Chinese production even as European Union and U.S. steel production foundered.

  • Costs push W. Coast tubers to raise prices Nov 20, 2012

    West Coast producers of structural steel tubing have finally moved to boost prices due to the rising cost of coil feedstock.

  • NAS cuts some Dec. surcharges Nov 20, 2012

    North American Stainless Inc. (NAS) has followed ATI Allegheny Ludlum Corp., a division of Pittsburgh-based Allegheny Technologies Inc. (ATI), in lowering some of its surcharges to their lowest levels this year.

  • SSAB shakes up plate market with 2d hike Nov 20, 2012

    A move by SSAB Americas to increase published plate prices by another $50 per ton was met with mixed reactions from the market, with many taking a wait-and-see approach on whether a full $100-per-ton increase can be supported by existing plate demand.

  • Great Lakes coal trade down 10.9% year on year in Oct. Nov 20, 2012

    Coal shipments on the Great Lakes fell 10.9 percent year on year to nearly 2.7 million tons in October, according to the Lake Carriers’ Association.

  • SunCoke, Visa Steel to construct coke plant Nov 20, 2012

    Indian special steel producer Visa Steel Ltd. and American metallurgical coke producer SunCoke Energy Inc. have entered into an agreement to build a coke plant in India.

  • ExlTube, Hanna boost prices $50/ton Nov 20, 2012

    ExlTube Co. and Hanna Steel Corp. have separately announced plans to increase prices on tubular products by at least $50 per ton ($2.50 per hundredweight), throwing their weight behind a round of price increases recently announced by other domestic pipe and tube mills.

  • Russian rolled product exports down Nov 20, 2012

    Rolled product exports for Russia’s principal Russian steelmakers fell 11.5 percent year on year to 1.87 million tonnes in October, industry group Russian Steel said Monday.

  • Grange Resources pricing iron ore pellets off MB data Nov 20, 2012

    Australian magnetite producer Grange Resources Ltd. has opted to use AMM sister publication Metal Bulletin’s weekly iron ore pellet price, 65- to 66-percent metal content, as its reference price for all iron ore pellet sales to customer Jiangsu Shagang International Trade Co. Ltd.

  • ATI cuts some stainless surcharges to 2012 low Nov 20, 2012

    ATI Allegheny Ludlum Corp. is lowering its stainless surcharges for December, bringing some grades to their lowest levels so far this year on the back of falling nickel prices.

  • SSAB Americas hiking plate another $50/T Nov 20, 2012

    SSAB Americas is raising published prices on a number of steel plate products by $50 per ton, it said in a letter to customers dated Nov. 19.

  • US raw steel production rises 2.6 percent Nov 20, 2012

    U.S. raw steel output totaled 1,792,000 net tons last week, up 2.6 percent from 1,746,000 tons the previous week, as mills operated at an average capability utilization rate of 72.5 percent.

  • Slab imports down 5% in Sept. vs. Aug. Nov 20, 2012

    U.S. imports of steel slabs fell 5 percent in September from the previous month amid decreases in product received in the Gulf of Mexico and Pacific Northwest.

  • US stainless imports, consumption up Nov 19, 2012

    U.S. stainless steel imports jumped 30.8 percent in August compared with the same month last year, while total consumption rose just 7 percent, according to the Specialty Steel Industry of North America (SSINA).

  • Steel Dynamics joins beam price hike Nov 19, 2012

    Steel Dynamics Inc. (SDI) has joined a recent price hike on structural products, making the increase unanimous among major producers, while also warning that a cutoff in certain orders out of floor stock may be imminent.

  • Cliffs idling some US iron ore production Nov 19, 2012

    Cliffs Natural Resources Inc. will idle parts of its iron ore operations at Northshore Mining in Minnesota and at Empire Mine in Michigan, it said Monday.

  • US-Russia flat-roll deal to curb imports: market Nov 19, 2012

    The flow of Russian hot-rolled steel into the U.S. market will likely slow due to uncompetitive prices following last week’s revised U.S.-Russian suspension agreement, market sources told AMM.

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