Steel RSS

  • Obama pushes infrastructure plans May 20, 2013

    President Obama has signed an executive order aimed at speeding up major infrastructure projects by modernizing permitting practices and regulations, a move some say could benefit suppliers of steel and other structural components by getting backlogged construction projects off the ground sooner.

  • Truck carrying steel hit by train May 20, 2013

    A truck carrying steel sheet was struck by a train as it was leaving Nucor Corp.’s Vulcraft construction product facility in Fort Payne, Ala., early May 17, a Norfolk Southern Railroad spokeswoman told AMM.

  • Europe stainless makers split over surcharges May 20, 2013

    Acerinox SA chief executive officer Bernardo Velázquez Herreros believes that the European stainless alloy surcharge system "has passed away," although other stainless steel producers still see a future for the system.

  • Energex Tube scrapping some Lakeside assets May 20, 2013

    The city of Welland, Ontario, has issued five permits to JMC Steel Group Inc. subsidiary Energex Tube to demolish various former Lakeside Steel Inc. facilities.

  • NLMK USA logs slight sales bump May 20, 2013

    NLMK USA posted a slight boost in revenue in the first quarter compared with the final three months of 2012, but the outlook for the second quarter looks somewhat grimmer as increased steel supply and lower scrap tags threaten to weigh down steel prices, parent company Novolipetsk Steel said.

  • Severstal’s N. America sales up in 1st qtr. May 20, 2013

    Russian steelmaker OAO Severstal’s North American operations recorded higher revenue in the first quarter compared with the fourth quarter of last year as a double-digit rise in sales volumes more than offset lower average selling prices.

  • Severstal North America announces exec changes May 20, 2013

    Severstal North America Inc. has appointed Ronald Kostyo vice president and general manager of the company’s Dearborn, Mich., operations effective June 1.

  • US drilling steady, Canada rises May 20, 2013

    The number of drill rigs running in the United States was unchanged last week.

  • Southeast Asia imports of Japanese steel rise May 20, 2013

    The weaker yen has led Southeast Asia to import more Japanese steel products, particularly higher-grade product not produced by the region, according to Chow Chong Long, chairman of the South East Asia Iron and Steel Institute.

  • Baosteel starts constructing Zhanjiang steel works May 20, 2013

    Baosteel Group Corp. Ltd. has begun constructing its Zhanjiang steel works in southern China’s Guangdong province.

  • House committee advances Keystone bill May 17, 2013

    The House Transportation and Infrastructure Committee has approved legislation that would expedite the permitting of TransCanada Corp.’s proposed Keystone XL pipeline.

  • US must approach trade pacts with caution: execs May 17, 2013

    The U.S. steel industry could feel the effects of two major trade deals being negotiated by the government if certain provisions are not properly examined, according to participants at the American Iron and Steel Institute’s general meeting.

  • Nucor moving up value chain: Ferriola May 17, 2013

    Steelmaker Nucor Corp. is coming ever closer to achieving its goal of moving up the value chain and creating higher-quality products for more rigorous applications, its top executive told AMM.

  • World steel output rises thanks to China: ISSF May 17, 2013

    Global stainless steel production grew 5.2 percent to 35.4 million tonnes in 2012, although output in regions outside China declined due to destocking, according to the International Stainless Steel Forum (ISSF).

  • US mills brace for ‘flood’ of Chinese rod May 17, 2013

    Domestic wire rod mills and wire drawers are bracing for a significant increase in Chinese rod imports, with stepped-up shipments from the Asian nation into the summer and early fall already affecting prices.

  • Analysis ‘exonerates’ Dyson: executive May 17, 2013

    Dyson Corp. has said that an analysis of steel anchor rods it made for the San Francisco-Oakland Bay Bridge "exonerates" the company on the failure of several of the rods.

  • Expect melt shop closures in US: Moll May 17, 2013

    At least two stainless steel melt shops in the United States could close in the next three years as the global market corrects for overcapacity, Markus Moll told delegates at the annual conference of the ISSF.

  • Steel industry must unite on trade: Rehwinkel May 17, 2013

    The steel industry faces major challenges in both the trade and regulatory arenas in the year ahead, according to Michael T. Rehwinkel, newly elected chairman of the American Iron and Steel Institute.

  • Stainless pipe trade case filed vs. 3 nations May 17, 2013

    Bristol Metals LP, Felker Brothers Corp. and Outokumpu Stainless Pipe Inc. have filed a trade petition seeking imposition of anti-dumping duties against welded stainless pressure pipe, in outside diameters of less than 14-inch, from Malaysia, Thailand and Vietnam.

  • Shale boom a bonanza for steel: exec May 17, 2013

    The boom in shale oil and gas, and tar sands oil output is good news for America, as well as the U.S. energy and metals sectors, a Marathon Petroleum Corp. executive said May 16.

  • Darmayan elected ISSF chairman May 17, 2013

    The International Stainless Steel Forum (ISSF) elected Aperam SA chief executive officer Phillippe Darmayan as its new chairman at its 17th annual conference in New Orleans.

  • CSN sees room for price hikes in Brazil as net sinks in qtr. May 17, 2013

    Flat steel prices from Brazil’s Cia. Siderúrgica Nacional SA (CSN) to its domestic market are expected to increase 5 to 8 percent sequentially during the second quarter, according to commercial executive director Luis Fernando Martinez.

  • Severstal’s Miss. mill moving up value chain May 17, 2013

    Severstal North America Inc. is looking to move up the value chain in the products it supplies from its Columbus, Miss., mill to pipe makers, particularly as end-users in oil and gas ratchet increase their requirements.

  • EU economic recovery may take 5 years: Klöckner’s Rühl May 17, 2013

    The European Union is going to have a very difficult time recovering from its sovereign debt crisis, banking crisis, structural crisis and competitive crisis, according to Gisbert Rühl, chairman and chief executive officer of Duisburg, Germany-based Klöckner & Co. SE.

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