Steel RSS

  • Steel service centers reining in stock levels Nov 15, 2012

    Although total U.S. steel shipments in October were on the rise, service centers’ outlook for the balance of the fourth quarter—especially in terms of their confidence in replacing stock—has dimmed.

  • Steel beam tags rise but old price still available Nov 15, 2012

    Structural steel prices are moving up, but wide-flange beam buyers continued to order material this week at price levels seen before recently announced hikes.

  • Plate quotes up; transaction tags fail to follow Nov 15, 2012

    Price quotes for new plate orders have bumped up over the past week following a recent round of increase announcements, but transaction tags have failed to rise in tandem, market sources said.

  • Severstal forecasts ‘challenging’ year-end Nov 15, 2012

    OAO Severstal expects the fourth quarter to be more challenging than the third quarter, forecasting falling global steel prices amid stable input costs.

  • Top stainless mills on board with price boost Nov 15, 2012

    All large domestic flat-rolled stainless steel producers have followed a price hike on 200-, 300- and some 400-series stainless grades.

  • BLS ferrous scrap price index tumbles Nov 15, 2012

    The iron and steel scrap producer price index (PPI) took a nosedive in October, falling 11.4 percent from the previous month and 27.3 percent from the same month last year, the latest Bureau of Labor Statistics (BLS) report shows.

  • ITC rules wire hanger imports hurt US industry Nov 15, 2012

    The U.S. International Trade Commission (ITC) voted unanimously Thursday that imports of steel wire garment hangers from Taiwan are materially injuring the domestic industry.

  • Keystone boosts wire rod prices $50/ton Nov 15, 2012

    Keystone Steel & Wire Co. plans to boost prices on all wire rod products by $50 per ton ($2.50 per hundredweight) effective with shipments Dec. 1.

  • CMC gets permits for Ariz. capacity increase Nov 15, 2012

    Commercial Metals Co. (CMC) has received permitting to increase capacity at its Arizona rebar micro-mill, according to a top executive.

  • Shorter met coal contracts offer flexibility, analyst says Nov 15, 2012

    It makes "more sense" to have shorter pricing terms for metallurgical coal, according to Jim Truman, principal analyst at consultant Wood Mackenzie Ltd.

  • Metals USA to refinance debt Nov 15, 2012

    Metals USA Inc., a subsidiary of Metals USA Holdings Corp., has received commitments for, and intends to enter into, a new seven-year senior secured term loan of $225 million.

  • Chinese steelmakers lower H-beam export prices to boost sales Nov 15, 2012

    Chinese H-beam export offers fell this week as steelmakers made cuts in an effort to bolster sales.

  • Market mixed on recent rod price hikes Nov 14, 2012

    After taking a dip this month, wire rod prices appear poised to reverse course in December, although market sources differ on how much and for how long the recently announced increases might stick.

  • Steel sheet market see support for hikes Nov 14, 2012

    While market sources say the most recent round of flat-rolled steel price increases might have some legs, spot buyers reported limited transactions in the first half of this week, noting that they have enough inventory to meet demand.

  • Flat-rolled steel import market reports uptick Nov 14, 2012

    The flat-rolled steel import market is seeing a slight pickup in activity, aided by rising domestic prices and first-quarter contract orders, market participants told AMM.

  • Essar Steel Algoma posts another quarterly loss Nov 14, 2012

    Essar Steel Algoma Inc. has posted its third consecutive quarterly loss due to a combination of falling product prices, declining shipments and rising costs.

  • SBQ prices firm despite lower demand Nov 14, 2012

    Demand for engineered bar products has fallen sharply during the fourth quarter, according to cold finishers, service centers and end-users, but transaction prices were flat to up slightly during the first two weeks of November as buyers made smaller-volume purchases.

  • ITC rules pipe imports not hurting US industry Nov 14, 2012

    Imports of circular-welded carbon-quality steel pipe from India, Oman, the United Arab Emirates and Vietnam are not hurting the domestic industry, the U.S. International Trade Commission (ITC) determined in a 4-to-2 vote Wednesday in the final phase of an anti-dumping and countervailing duty case filed in October 2011.

  • SDI to boost rebar, merchant prices Nov 14, 2012

    Steel Dynamics Inc. (SDI) plans to increase prices on products from its Roanoke (Va.) bar division by $35 per ton ($1.75 per hundredweight) effective with shipments Dec. 1, according to a letter to customers, following similar hikes by other domestic mills.

  • Investors interested in USS' Slovakian mill Nov 14, 2012

    U.S. Steel Košice SRO (USSK) has received a number of expressions of interest in acquiring the mill, a spokesman for the Slovak flat steel producer confirmed to AMM sister publication Steel First.

  • W. Coast flat-roll tag cues to come after holiday Nov 13, 2012

    Flat-rolled steel buyers on the West Coast are looking to late November for clues on the strength of recent price hikes.

  • Steel sector heading toward stability: Goncalves Nov 13, 2012

    The outlook for the U.S. steel sector is one of stability, according to Metals USA Holdings Corp.’s top executive, although continued growth will require discipline from domestic mills in order to keep tags up and fix volatility in pricing cycles.

  • Nucor, ArcelorMittal boost rod prices Nov 13, 2012

    Nucor Corp. is raising wire rod transaction prices by $50 per ton ($2.50 per hundredweight) effective with Dec. 1 shipments, the Charlotte, N.C.-based steelmaker said in a Nov. 12 letter to customers.

  • TK buying scrap for stainless melt shop start-up Nov 13, 2012

    ThyssenKrupp Stainless USA LLC has begun buying stainless scrap and ferroalloys in anticipation of the start-up of its melt shop at the end of the year, AMM has learned.

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