Steel RSS

  • Obama re-election divides US metals industry Nov 07, 2012

    Metals industry participants who were hoping a change in power at the White House would stimulate fundamental change in the marketplace may have to reconsider their next moves.

  • More mills join steel sheet price hikes Nov 07, 2012

    More domestic mills have joined AK Steel Corp. and Nucor Corp. in announcing price increases on flat-rolled steel products, mill and distributor sources confirmed.

  • European Commission OKs Outokumpu-Inoxum merger Nov 07, 2012

    The European Commission has approved the proposed €2.7-billion ($3.46-billion) merger of Outokumpu Oyj and ThyssenKrupp AG’s stainless division, Inoxum Group, the regulatory body said Wednesday.

  • Tinplate faces a tough fight from packaging alternatives Nov 07, 2012

    Tinplate faces strong competition from other materials in the packaging industry, particularly in the beverage can sector, delegates at this week’s 10th International Tinplate Conference were told.

  • Have Your Say: Obama's re-election Nov 07, 2012

    Join the discussion: how is your company responding to the news of Obama’s successful White House bid? How will your spending and investment plans change as a result? Was the election as big a factor as some said in recent decision-making, or was it just a convenient excuse to stop buying at a time of lackluster demand?

  • China crude steel production off in late Oct. Nov 07, 2012

    China’s crude steel production showed an unexpected dip in late October, but one trader questioned the reliability of the data.

  • ITA issues dumping margin on Mexican wire rod Nov 07, 2012

    The Commerce Department’s International Trade Administration (ITA) issued a preliminary determination in an anti-dumping duty administrative review of carbon and certain alloy steel wire rod from Mexico that Deacero SA de CV and Deacero USA Inc. sold the product at below normal value from Oct. 1, 2010, to Sept. 30, 2011, and assessed a dumping margin of 12.31 percent.

  • ITC reschedules hearing on steel from Germany, South Korea Nov 07, 2012

    The U.S. International Trade Commission has rescheduled to Jan. 9 a hearing on relief duties on corrosion-resistant steel from Germany and South Korea that had been postponed due to Hurricane Sandy.

  • Benteler to build EF at new Louisiana tube mill Nov 07, 2012

    Benteler Steel/Tube GmbH plans to build an electric-arc furnace (EF) in the second phase of construction of its $900-million seamless oil country tubular goods (OCTG) mill in Louisiana.

  • ATI to pay $1.8M toward cleanup Nov 07, 2012

    Allegheny Technologies Inc. (ATI) and affiliates TDY Industries LLC and TDY Holdings LLC will pay $1.8 million toward the cost of cleaning up a Superfund site in South El Monte, Calif., under a proposed consent decree.

  • Pipe, tube prices fall as OCTG hit by supply glut Nov 06, 2012

    Steel tube and pipe prices have fallen across the board in recent weeks as oversupply and weakening demand have hit energy tubular tags, market sources said.

  • AK Steel, Nucor raise flat-rolled prices $50/ton Nov 06, 2012

    Domestic steel mills have kick-started a second fourth-quarter price increase on flat-rolled products at a time when scrap input costs look poised to rise.

  • AK plans to demolish closed Ky. coke plant Nov 06, 2012

    AK Steel has hired a contractor to demolish its Ashland, Ky., coke plant, a company spokesman confirmed.

  • Alpha logs $46.1M loss in ‘challenging’ market Nov 06, 2012

    Alpha Natural Resources Inc. posted a net loss of more than $46.1 million in the third quarter in contrast to net income of $62.6 million in the same period last year due to "challenging market conditions."

  • ArcelorMittal cuts workweek at SBQ mill Nov 06, 2012

    Responding to market conditions, ArcelorMittal Indiana Harbor has placed about 155 hourly employees on a 32-hour workweek.

  • Benoit Machine acquired for $91.5M Nov 06, 2012

    Steel tubular threading firm and service provider Benoit Machine LLC has been acquired by Steel Service Oilfield Tubular Inc., Japan’s JFE Steel Corp. and Kanematsu Corp. for $91.5 million.

  • Commerce says rebar duties should remain Nov 06, 2012

    The Commerce Department’s International Trade Administration (ITA) has ruled in a second sunset review that revocation of anti-dumping duty orders on steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland and Ukraine would likely lead to a continuation or recurrence of dumping.

  • Nucor reaches gas drilling deal with Encana Nov 06, 2012

    Nucor Corp. has entered into a long-term agreement with Encana Oil & Gas (USA) Inc. for an onshore natural gas drilling program that it expects will be able to supply the steelmaker’s natural gas needs for more than 20 years.

  • China's rising tinplate capacity could affect EU's balance Nov 06, 2012

    China’s increasing capacity for tinplate production could affect the European market, delegates at the 10th International Tinplate Conference told AMM sister publication Steel First Tuesday.

  • Steel output rebounds from 22-month low Nov 06, 2012

    U.S. raw steel output totaled 1,707,000 net tons last week as mills operated at an average capability utilization rate of 69.1 percent, rebounding 1.7 percent from 1,679,000 tons the previous week, the lowest weekly level since the end of 2010.

  • Scrap prices back near Sept. levels in Detroit Nov 05, 2012

    Domestic ferrous scrap prices look set to record larger-than-anticipated increases in the Midwest this month after steel mills in Detroit settled $55 per gross ton higher late Monday.

  • ExlTube raises standard pipe tags $40/ton for new orders Nov 05, 2012

    ExlTube Co. is raising prices on A-53 B standard pipe products by a minimum of $40 per ton ($2 per hundredweight).

  • Severstal Dearborn furnace still down after blast Nov 05, 2012

    The blast furnace at Severstal North America Inc.’s Dearborn, Mich., facility remained down Monday following a pipe explosion.

  • Steel employees’ campaign contributions leaning red in 2012 Nov 05, 2012

    Federal campaign contributions from individuals working in the steel sector have leaned heavily toward the Republican Party this election cycle as the nation anticipates the congressional and presidential elections Tuesday, Federal Election Commission data compiled by the nonprofit Center for Responsive Politics show.

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