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Commercial Metals Co. (CMC) plans to sell its 11-percent stake in Czech long products firm Trinecke Zelezarny AS to Moravia Steel AS for $29 million.
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Flat-rolled steel buyers continue to keep a tight lid on their inventory levels amid flat demand, even as some producers become "aggressive" in their push to move tons, distributor and processor sources told AMM.
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Vallourec SA has started pipe production at its new seamless tubulars mill in Youngstown, Ohio, with the first sales expected in early 2013.
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Employment at U.S. metal producers held steady in October, with 406,400 people working in the industry (not seasonally adjusted), according to the latest jobs report from the U.S. Bureau of Labor Statistics.
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Universal Stainless & Alloy Products Inc. has restated its third-quarter earnings due to an incorrect customer invoice.
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Due to a server disruption caused by Hurricane Sandy, the pricing database at amm.com/pricing was not fully updated between Oct. 29 and Nov. 4. Server service has since been restored and the pricing database has been updated retroactively.
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Stainless steel mills in China have cut their bids for November nickel pig iron (NPI) after nickel prices fell on the London Metal Exchange.
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A price hike on structural steel tubing continues to elude the West Coast.
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The number of drill rigs running in the United States fell by 26 last week, led by Texas (down 20), while Canadian drilling activity increased by 13 rigs compared with the previous week.
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Economic activity in the U.S. manufacturing sector expanded in October for the second consecutive month, with the Institute for Supply Management (ISM) purchasing managers’ index inching up one-fifth of a point to 51.7 percent.
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U.S. Steel Corp. and Wheatland Tube Co. have separately challenged a Commerce Department change of dumping margins assessed Chinese producers of circular-welded steel pipe.
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A pipe at Severstal North America Inc.'s Dearborn, Mich.,
facility exploded Friday morning, resulting in a temporary disruption to steelmaking operations.
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SSAB Americas has boosted its quenched-and-tempered plate production capacity by 220,000 tonnes annually with the official start-up of a new Q&T line at its Axis, Ala., facility.
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Nova Tube Inc. plans to lift prices on electric-resistance welded (ERW) pipe due to rising raw material costs, it announced in a letter to customers Friday.
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The Commerce Department’s International Trade Administration (ITA) is offering interested parties the opportunity to request administrative reviews of various duty orders.
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The Commerce Department’s International Trade Administration is initiating five-year reviews involving hot-rolled carbon steel flat products.
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The Wheatland Tube Co. division of JMC Steel Group Inc. is poised to re-enter the galvanized mechanical tube market.
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Bri-Chem Corp.’s large-diameter seamless steel pipe micro-mill in Edmonton, Alberta, is fully operational and focused on ramping up production.
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Stainless steel distributors continue to be conservative with their buying as demand remains tepid and stainless surcharges look set to trend down again.
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AMM's New York office is currently closed due to the effects of Hurricane Sandy. The AMM e-mail system is down and AMM staff in the United States are unable to receive messages. We expect to have services back up in the next several days and we will reply to e-mails as soon as possible. If you need to contact AMM urgently, please use the following directory.
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Gerdau SA’s net profit declined in the third quarter amid lower steel shipments.
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Gerdau SA is reviewing its 10.3-billion-reais ($5.07-billion) investment plan for 2012 through 2016 in light of uncertain global market conditions.
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South African steel and ferroalloys producers have expressed concerns over the power tariff hike proposed by national power company Eskom, with some saying the move may “change their business model."
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Brazilian flat steelmaker Cia. Siderúrgica Nacional (CSN) expects cold-rolled coil and hot-dipped galvanized coil to be included in a new list of goods that will have temporarily higher import tariffs.