Steel RSS

  • Final US-Russia hot-roll steel suspension accord is signed Dec 03, 2012

    The United States and Russia signed a revised suspension agreement for hot-rolled steel Friday that pushes the minimum price for Russian material sold into the U.S. market up by some 47 percent.

  • PMI falls to lowest level since summer 2009: ISM Dec 03, 2012

    Declines in new orders, inventories and employment helped drive the November manufacturing purchasing managers index (PMI) down 2.2 percentage points compared with the previous month, according to the Institute for Supply Management (ISM).

  • U.S. Steel furloughs 142 at tubular facility in Pa. Dec 03, 2012

    U.S. Steel Corp. has laid off 142 hourly employees at its tubular operations in McKeesport, Pa., a company spokeswoman said Monday.

  • Vale said trying to offload FGC pig iron plant in Brazil Dec 03, 2012

    Vale SA is trying to determine "the best destination" for the Ferro Gusa Carajás SA (FGC) industrial plant, a pig iron producer in Brazil’s northern region of Carajás.

  • ArcelorMittal, France in Florange plant deal Dec 03, 2012

    The French government has backed away from a threat to nationalize ArcelorMittal SA’s Florange steel plant after the company said it would preserve jobs and invest more at the site.

  • USS seeks steel pipe import review Dec 03, 2012

    U.S. Steel Corp. has requested an administrative review of an anti-dumping duty order on imports of circular-welded non-alloy steel pipe from South Korea and Mexico, according to the Commerce Department’s Import Administration.

  • Nucor seeks review of steel plate imports Dec 03, 2012

    Nucor Corp. has requested an administrative review of an anti-dumping duty order on imports of cut-to-length carbon steel plate from China from Nov. 1, 2011, to Oct. 31, 2012, according to the Commerce Department’s Import Administration.

  • Commerce rules on steel threaded rod with chromium Dec 03, 2012

    The Commerce Department’s International Trade Administration (ITA) has issued a preliminary determination that imports of steel threaded rod containing 1.25 percent or more chromium by weight produced by China’s Gem-Year Industrial Co. Ltd. are within the scope of an anti-dumping duty order.

  • Letter to the Editor: Steel industry remains key component of US success Dec 03, 2012

    To the Editor: The past month has been a culmination of a lot of hard work by many Americans on both sides of the fence. The reality is that we have a choice of either spending our time and effort on the track behind us or focusing on the rail to be laid ahead. The steel industry has managed itself through decades of tough times. Through it all, the industry has adapted and reinvented itself time and again.

  • Vale’s planned 2013 capex down from this year’s levels Dec 03, 2012

    Vale SA’s board has approved total capital expenditures of $16.3 billion for 2013, down from the $21.4 billion planned for 2012.

  • Mexican steel industry must unite against unfair trade: Alacero Dec 03, 2012

    Mexico’s steelmakers must stand together to defend the industry against unfair trade practices from China, India, Russia, Singapore and South Korea, according to the vice president of Latin American steel association Alacero.

  • US drilling slows, Canada rises Dec 03, 2012

    The number of drill rigs running in the United States fell by six last week.

  • Calif. port strike has uneven effect on metals Nov 30, 2012

    A walkout by dock workers at the California ports of Los Angeles and Long Beach that entered its fourth day Friday is having an uneven impact on steel trade, with most imports arriving unimpeded but some disruption occurring in exports of containerized scrap.

  • Esmark, USW reach tentative labor deal Nov 30, 2012

    Esmark Steel Group LLC and union workers have reached a tentative agreement on a new four-year labor contract at the newly acquired and renamed Ohio Cold Rolling Co., the company said Friday.

  • US rejects China’s request for panel on subsidy duties Nov 30, 2012

    The United States has rejected China’s request to set up a dispute settlement panel at the World Trade Organization (WTO) over alleged illegal subsidy duties to nonmarket economies.

  • Nodular pig iron imports spark price war Nov 30, 2012

    An increase in imports from South Africa of a raw material similar to nodular pig iron has triggered a fierce price war, with some U.S. distributors now considering removing pig iron from their sales programs.

  • Import sector may see ’13 turnaround: market Nov 30, 2012

    The steel import sector remains sluggish, although some market participants anticipate a stronger 2013, sources told AMM on the sidelines of the American Institute for International Steel’s 62nd Annual Dinner in New York.

  • Japan steel industry targets Asian markets Nov 30, 2012

    As it faces monumental currency, economic, geopolitical and global competitiveness challenges, Japan’s integrated steel industry is banking on innovation in the form of a technology push and targeted investments in Southeast Asia’s "little tigers" to capture growth in a global market long on supply and short on demand.

  • Steel futures inch toward acceptance Nov 30, 2012

    Steel derivatives continue to face an uphill battle as concerns over illiquidity and price risk keep some would-be participants on the sidelines, but advocates of the nascent products maintain swaps and futures will find a place in the global steel sector yet.

  • Commerce invites input on import duties Nov 30, 2012

    The Commerce Department’s International Trade Administration (ITA) is inviting interested parties to file requests for administrative reviews of anti-dumping and countervailing duty orders on various imports.

  • ITC schedules hearing on rebar imports Nov 30, 2012

    The U.S. International Trade Commission (ITC) will hold a hearing April 25 on a sunset review of anti-dumping duty orders on steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland and Ukraine.

  • Commerce initiates review of wire rod, garment hangers Nov 30, 2012

    The Commerce Department’s International Trade Administration (ITA) has initiated administrative reviews of anti-dumping duty orders on imports of carbon and alloy steel wire rod from Mexico and steel wire garment hangers from China.

  • Asian steel outlook for ’13 stable: Moody’s Nov 30, 2012

    The outlook for Asia’s steel industry remains stable on the expectation that demand will increase modestly and there will be no significant increases in steel capacity in China over the next 12 months, according to Moody’s Investors Service.

  • BHP bearish on iron ore, coal tags as China growth slows Nov 30, 2012

    BHP Billiton Plc is bearish on iron ore and coal prices in the short and long term as a result of China’s moderating growth and the country’s transition to a more consumption-led economy.

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