Steel RSS

  • Charter Steel Trading may be involved in buy Nov 12, 2012

    Charter Steel Trading Co. Inc. appears to be involved in the pending acquisition of bankrupt Indiana Steel & Tube Inc., according to sources familiar with the matter as well as bankruptcy court documents and other records.

  • Comment sought on import monitoring system proposal Nov 09, 2012

    The Commerce Department’s International Trade Administration (ITA) is seeking public comment on its proposed rule to modify regulations for the Steel Import Monitoring and Analysis System.

  • Rebar, wire rod imports slow; rebound eyed Nov 09, 2012

    The steel wire rod and reinforcing bar import sector has been sluggish recently as U.S. mill pricing remains competitive and buyers cautiously eye year-end dynamics.

  • Long steel needs supply-demand balance: Irepas Nov 09, 2012

    Steelmakers selling long products in international markets haven’t done enough to balance supply and demand, according to a short-range outlook report by the International Rebar Exporters and Producers Association (Irepas).

  • Ohio lawmaker objects to RG 's worker retention plan Nov 09, 2012

    An Ohio lawmaker has expressed “concern” over bankrupt steelmaker RG Steel LLC’s employee retention plan, which would pay for salary and health-care costs for about 21 “key” RG Steel employees during the former Sparrows Point, Md.-based steelmaker’s “wind-down” process, according to court filings.

  • Steel beam imports up sharply in Oct.: Commerce Nov 09, 2012

    Steel beam imports were on track to jump 53.1 percent month over month in October, paced by higher arrivals from one ongoing offshore source and two that have been absent for most of this year.

  • NW Pipe’s sales clipped by energy pipe imports Nov 09, 2012

    Northwest Pipe Co.’s sales slimmed in the third quarter as the company warned that imports of energy tubulars could hurt results from its tubular products business.

  • SSAB hiking plate products $50/T Nov 09, 2012

    SSAB Americas will raise transaction prices by a minimum of $50 per ton for a number of steel plate products, the company said in a letter to customers dated Nov. 8.

  • Vallourec ramps mills despite rig slump Nov 09, 2012

    Vallourec SA continues to ramp up its new mills in the United States and Brazil, despite a decline in the U.S. rig count.

  • US tube mills consider trade petition: Vallourec Nov 09, 2012

    Vallourec SA executives confirmed that mills in the United States are considering a possible trade petition against welded energy tubulars from South Korea, and potentially other nations as well.

  • Evraz sues Ariz. fabricator for alleged failure to pay $1.1M Nov 08, 2012

    Evraz Inc. North America has filed a lawsuit against an Arizona fabricator and its guarantor for allegedly failing to pay for $1.1 million worth of steel.

  • Import prices fall for Chinese cold-rolled sheet Nov 08, 2012

    Large amounts of Chinese cold-rolled sheet hit U.S. shores in October at their lowest prices in more than a year.

  • Sparrows Point auction nears initial deadline Nov 08, 2012

    The Nov. 12 deadline for bidders to indicate initial interest in the former RG Steel LLC steelmaking assets in Sparrows Point, Md., is fast approaching, and a spokesman for current owner Hilco Trading LLC says inquiries have been "very robust."

  • OCTG trade case mulled: Tenaris Nov 08, 2012

    U.S. oil country tubular goods (OCTG) producers are looking closely at a potential trade case against imports from South Korea, Tenaris SA said Thursday.

  • Imported coated steel duty debate heats up Nov 08, 2012

    The battle for U.S. market share is heating up as anti-dumping and countervailing duties on corrosion-resistant steel from Germany and South Korea come up for review in Washington.

  • Kloeckner starts construction on Ala. slitter Nov 08, 2012

    Kloeckner Metals USA’s planned slitting plant on the campus of ThyssenKrupp Steel USA Inc.’s steelmaking complex in Calvert, Ala., is now under construction.

  • Beam buyers await price hike announcements Nov 08, 2012

    Wide-flange steel beam buyers are awaiting new price announcements in the wake of a hike in a scrap benchmark that they expect will trigger a reversal of two months of declining tags.

  • Brazil’s flat steel distribution sales seen growing 2% in ’12 Nov 08, 2012

    Sales by Brazilian flat steel distributors and service centers are expected to increase about 2 percent this year, according to Carlos Loureiro, president of Brazilian steel association Inda.

  • Tenaris expects N. America sales hit in 4th qtr., better ’13 Nov 08, 2012

    Tenaris SA warned that fourth-quarter sales in North America would be impacted by market uncertainty that is driving a reduction in oil country tubular goods inventories, but offered a more favorable outlook for 2013.

  • New Chinese leaders to boost growth: Kleinfeld Nov 08, 2012

    China is set to push ahead with a vast infrastructure program that will boost economic growth as the country’s leadership change takes place, according to Klaus Kleinfeld, chairman and chief executive officer of Pittsburgh-based aluminum producer Alcoa Inc.

  • Gerdau mill to restart after Hurricane Sandy Nov 07, 2012

    Gerdau Long Steel North America plans to resume operations at its Sayreville, N.J., steel mill— which had been left without power in the wake of Hurricane Sandy—by next week.

  • Chicago ferrous scrap prices rebound in Nov. Nov 07, 2012

    Uncertainty over ferrous scrap supply heading into the winter and strength in some steel sectors, including flat-rolled products, have combined to send November scrap prices in the Midwest soaring above earlier expectations.

  • Vallourec net income weakens in third qtr. Nov 07, 2012

    Vallourec SA’s earnings were squeezed in the third quarter as a solid performance in the energy sector could not offset weakness in non-energy products, particularly in Europe and Brazil.

  • After long dip, import licenses rise in Oct. Nov 07, 2012

    Steel imports are poised to halt a five-month slide and jump 10.7 percent from September to October thanks to gains in line pipe, hot-dipped galvanized product and hot-rolled sheet.

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