Steel

• HSS tags up $50/T; buyers still skeptical Nov 19, 2012

  Domestic hollow structural sections (HSS) producers have announced price increases following a similar boost in steel coil tags.

• LDA finished tubing not within scope of order: ITA Nov 19, 2012

  The Commerce Department’s International Trade Administration has determined that finished electrical metal conduit and finished electrical metallic tubing from LDA Inc. are not within the scope of an anti-dumping duty order.

• TK starts Steel Americas due diligence Nov 19, 2012

  ThyssenKrupp AG has opened up its Steel Americas business for due diligence from bidders interested in submitting binding offers for its assets, the steel producer said.

• Brazil environment agency OKs iron ore port for miner Nov 19, 2012

  The Brazilian Institute of Environment and Natural Resources (Ibama) has issued a preliminary license for the construction of port facilities at Porto Sul, in the country’s northeastern Bahia state.

• Spain is top European steel recycler Nov 19, 2012

  Spain recycles a larger proportion of steel each year than any other European country, according to Spanish steel association Unesid.

• US, Canada post drill rig gains Nov 19, 2012

  The number of drill rigs running in the United States rose by three last week.

• Gerdau Long Steel restarts NJ mill Nov 19, 2012

  Gerdau Long Steel North America has resumed rolling and melting operations at its Sayreville, N.J., steel mill, a company spokeswoman told AMM Friday.

• United States, Russia reach tentative deal on steel trade Nov 16, 2012

  The Commerce Department and Russia said late Friday that they have reached a tentative agreement concerning an existing suspension agreement on hot-rolled steel.

• Steel shipments drop 13.7% in Sept.: AISI Nov 16, 2012

  U.S. steel mills saw shipments fell 13.7 percent in September compared with the month prior, according to data from the American Iron and Steel Institute.

• Stainless steel distributors welcome price hikes Nov 16, 2012

  Stainless steel distributors have largely welcomed the price increases slated for the beginning of 2013 on flat-rolled stainless products, even though most say it’s too early to tell whether they will stick.

• USW objects to RG Steel retention plan Nov 16, 2012

  The United Steelworkers union has filed an official objection to bankrupt steelmaker RG Steel LLC’s employee retention plan, according to documents filed in U.S. Bankruptcy Court in Delaware.

• Wheatland Tube, Nova boost pipe prices Nov 16, 2012

  Wheatland Tube Co. appears to have kicked off a round of steel pipe price hikes.

• CIT dismisses US appeal on Mexican stainless product Nov 16, 2012

  The U.S. Court of International Trade (CIT) has dismissed a challenge by a number of U.S. producers on the removal of anti-dumping duties on stainless steel sheet and strip from Mexico.

• Labrador Iron Mines registers $31.7M loss on lower prices Nov 16, 2012

  Labrador Iron Mines Holdings Ltd. reported a Canadian $31.71-million ($31.69-million) net loss in its fiscal second quarter ended Sept. 30.

• Prolamsa lifts HSS prices $40/T; more increases expected Nov 16, 2012

  Prolamsa Inc. has increased prices on all tubular products and metal building components by $40 per ton ($2 per hundredweight) effective with new orders.

• WTO adopts report on electrical steel duties Nov 16, 2012

  The World Trade Organization’s Dispute Settlement Body adopted a report Friday in a final ruling on Chinese duties on U.S. shipments of grain-oriented flat-rolled electrical steel.

• Timken withdraws requests for ball bearings import hearing Nov 16, 2012

  Timken Co. has withdrawn requests for a Commerce Department hearing on anti-dumping duties on ball bearings from France and Germany.

• Commerce delays review of pipe imports Nov 16, 2012

  The Commerce Department has granted a JFE Steel Corp. request for an extension to Nov. 30 of an anti-dumping duty administrative review of large-diameter carbon alloy seamless standard, line and pressure pipe (more than 4½ inches in diameter) from Japan.

• Commerce rescinds review of steel from three Chinese firms Nov 16, 2012

  The Commerce Department’s International Trade Administration (ITA) has rescinded its anti-dumping duty administrative review of hot-rolled carbon steel flat products from China’s Baoshan Iron & Steel Co. Ltd., Baosteel Group Corp. Ltd. and Shanghai Baosteel International Economic & Trading Co. Ltd.

• Ferriola to lead Nucor as DiMicco steps down Nov 16, 2012

  Nucor Corp.’s Dan DiMicco will step down as chief executive officer on Jan. 1, and will be succeeded by president and chief operating officer John J. Ferriola.

• China iron ore imports seen growing; tax cuts said needed Nov 16, 2012

  China is expected to import as much as 800 million tonnes of iron ore in 2013, up at least 4 percent from this year, due to higher steel output and constrained domestic iron ore supply.

• Friedman Industries’ profits drop with prices, demand Nov 15, 2012

  Friedman Industries Inc.’s earnings shrank in the company’s fiscal second quarter as increased sales of coil products couldn’t compensate for a decline in tubular sales.

• Wheatland, MST ink pact to sell seamless pipe Nov 15, 2012

  Wheatland Tube Co. and Michigan Seamless Tube LLC (MST) have agreed to jointly supply customers with A106 seamless pipe, the companies announced.

• Bri-Chem profits sag on falling rig count Nov 15, 2012

  Bri-Chem Corp.’s profits fell sharply in the third quarter due to a lower Canadian rig count and an uncertain economic outlook, even as the company continued to ramp up its seamless pipe mill.