Steel RSS

  • Judge moves Patriot’s Ch. 11 case to St. Louis Nov 29, 2012

    A federal bankruptcy court judge in New York has moved metallurgical coal producer Patriot Coal Corp.’s Chapter 11 case to St. Louis, a company spokeswoman confirmed to AMM sister publication Steel First.

  • Carbon steel plate prices said set to rise Nov 29, 2012

    Carbon steel plate pricing appears poised to climb higher, sources said, but just how high remains uncertain as many spot buyers are holding off booking material for January.

  • Bull Moose Tube, Elkhart said in possible deal Nov 29, 2012

    Either Bull Moose Tube Co. or its parent company, Caparo Plc, is rumored to be in a deal to acquire Elkhart Metal Distributing Inc., according to sources familiar with the situation.

  • Commerce rules trade case responses inadequate Nov 29, 2012

    The Commerce Department has notified the U.S. International Trade Commission that it did not receive adequate substantive responses from interested parties in the sunset review of anti-dumping duty orders on silicomanganese from India, Kazakhstan and Venezuela, as well as an anti-dumping duty order on welded large-diameter line pipe from Japan.

  • Pipe, tube market braces for uncertain 2013 Nov 29, 2012

    Pipe and tube market players don’t expect much year-end holiday cheer, with most buyers still sidelined by an uncertain business outlook, low prices and a slowdown in drilling.

  • Rio Tinto eyes $7B in spending cuts, savings Nov 29, 2012

    Rio Tinto Plc, the world’s second-largest iron ore producer, is aiming to shave $7 billion in costs by the end of 2014 as it pushes ahead with expansions amid "current headwinds."

  • Stalled prices could spark steel sheet increase Nov 28, 2012

    Upward pricing in the domestic flat-rolled steel market appears to have stalled, stirring speculation that a third round of price increase announcements is on its way, market sources told AMM.

  • Severstal furnace back in service Nov 28, 2012

    The blast furnace at Severstal North America Inc.’s Dearborn, Mich., facility is back online following a pipe explosion earlier this month.

  • Scrap market tempers Dec. price expectations Nov 28, 2012

    Earlier expectations of a $20- to $40-per-ton run-up in ferrous scrap prices in December have largely subsided, with most market participants now forecasting a "strong sideways" market and a few even predicting slight downward pressure if demand from steel mills and the export market slips.

  • Foundry sued over alleged water violations Nov 28, 2012

    A California environmental group has filed a lawsuit against Pacific Steel Casting Co. for allegedly allowing stormwater runoff to be discharged into the San Francisco Bay.

  • ITA amends margins on Vietnamese steel pipe Nov 28, 2012

    The Commerce Department’s International Trade Administration (ITA) has amended some anti-dumping duty margins for imports of circular-welded carbon-quality steel pipe from Vietnam after producer/exporter SeAH Steel Vina Corp. alleged that the agency made ministerial errors.

  • Oneok drops plan for $1.8B Bakken oil pipeline Nov 28, 2012

    Oneok Pipeline Partners LP has dropped plans to build a 1,300-mile pipeline, citing a lack of interest by potential customers.

  • India to become 2d-largest steelmaker by ’15 Nov 28, 2012

    India is expected to become the second-largest crude steel producer in the world by 2015 as the country’s construction, infrastructure, manufacturing and automotive sectors expand.

  • Brazil steel upbeat on next year, dims ’12 view Nov 28, 2012

    Brazil’s steel industry looks set to pick up next year, domestic steel association IABr said, but lowered its 2012 forecasts.

  • Brazil crude steel output climbs in Oct. as demand eases Nov 28, 2012

    Brazil’s crude steel production totaled 3.15 million tonnes in October, up 7.7 percent from 2.93 million tonnes in the same month last year, according to data from domestic steel association IABr.

  • Beam buyers wary as scrap mart loses steam Nov 27, 2012

    Signs that scrap prices are losing steam, combined with a continued lag in structural steel demand, have some steel buyers altering their outlook for wide-flange beams.

  • SDI investing $27M to boost rail heat-treat Nov 27, 2012

    Steel Dynamics Inc. (SDI) plans to spend nearly $27 million to install a new heat-treating system at its structural and rail division in Columbia City, Ind.

  • Oct. steel imports fall to six-month low Nov 27, 2012

    Steel imports in October fell to the lowest level in six months on the back of major declines in semifinished material and plate products.

  • Mississippi River shippers turn to rail, trucks Nov 27, 2012

    Scrapyards, commodity shippers and terminals along the Mississippi River are preparing to move material by rail and truck instead of via barge, despite the higher cost, as low water levels are threatening to close the river to commercial navigation in less than two weeks.

  • Magnetation to build iron ore pellet plant in Indiana Nov 27, 2012

    U.S. iron ore concentrate producer Magnetation LLC will invest between $300 million and $350 million to build an iron ore pellet plant in Reynolds, Ind.

  • TMK Americas squeezed by lower prices Nov 27, 2012

    OAO TMK’s Americas operations were squeezed in the third quarter by lower prices and "softening market conditions" as a decline in drilling activity and import pressure took a bite out of profits.

  • Heyco adds stainless products Nov 27, 2012

    Heyco Metals Inc., a manufacturer of light-gauge coil, sheet and strip, has added stainless steel to its product lineup.

  • Review of hot-rolled steel import duties set Nov 27, 2012

    The Commerce Department’s International Trade Administration (ITA) has told the U.S. International Trade Commission that it has received notices of intent to participate in sunset reviews of duty orders on hot-rolled steel flat products from China, India, Indonesia, Taiwan, Thailand and Ukraine.

  • Commerce extends deadline in anti-circumvention probe Nov 27, 2012

    The Commerce Department’s International Trade Administration (ITA) has extended to Dec. 3 the deadline for a second supplemental questionnaire for Jilin Carbon Import & Export Co. Ltd. in an anti-circumvention investigation of an anti-dumping duty order on small-diameter graphite electrodes from China.

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