Steel RSS

  • China’s crude steel output climbs in early November Nov 18, 2013

    China’s crude steel output increased in early November.

  • Posco to name replacement for Chung in March Nov 18, 2013

    Posco Ltd., South Korea’s biggest steelmaker, will name a new chairman and chief executive officer to replace Joon-Yang Chung at its annual general meeting in March, the company said.

  • US steel trade deficit increases in Sept. Nov 18, 2013

    The U.S. iron and steel mill products trade deficit increased in September from the previous month, according to an analysis of the latest U.S. Bureau of Economic Analysis data.

  • NAS wins $18M Canada highway contract Nov 18, 2013

    North American Stainless Inc. (NAS) has won an $18-million contract to supply stainless steel reinforcing duplex bars for a large transport infrastructure project in Alberta, parent company Acerinox SA said Nov. 15.

  • N. American drilling increases Nov 18, 2013

    The number of drill rigs running in the United States increased by eight last week.

  • W. Coast plate prices gaining ground Nov 18, 2013

    Steel plate prices are rising on the West Coast, although the jury is still out on whether a second round of increases will succeed.

  • US steel mill shipments decline Nov 18, 2013

    U.S. steel mills shipped nearly 7.88 million net tons in September, down 5.6 percent from more than 8.34 million tons the previous month but up 8.9 percent from 7.23 million tons in September last year, American Iron and Steel Institute data show.

  • SSAB set to halt publishing of raw material surcharge Nov 15, 2013

    SSAB Americas will discontinue publishing of a second raw material surcharge on invoices effective on orders with a Dec. 29 shipment date, it said in a Nov. 15 letter to customers.

  • Steel plate prices up on lead times, lean stocks Nov 15, 2013

    Steel plate prices rose this past week on extended lead times, low inventory levels by service centers and a pickup in orders at the mill, sources said.

  • Outokumpu in hiring push for Alabama mill ramp-up Nov 15, 2013

    Outokumpu Stainless USA LLC is seeking to fill new positions as it enters the final stage of the ramp-up at its stainless steel mill in Calvert, Ala.

  • Chung quits Posco, WorldSteel role ‘to be discussed’ Nov 15, 2013

    The role of World Steel Association (WorldSteel) chairman Joon-Yang Chung is up for discussion following word of his resignation as chairman and chief executive officer of South Korean steelmaker Posco Ltd., the association said Nov. 15.

  • Pipe maker to build plant at former GM site Nov 15, 2013

    American Cast Iron Pipe Co. is planning to build a spiral-weld pipe facility at a former General Motors Co. automaking complex in Flint, Mich., to support a water infrastructure project that the company recently won in the region.

  • ATI increases precison-rolled strip prices Nov 15, 2013

    ATI Allegheny Ludlum Corp. will increase its base prices for precision-rolled strip products for all shipments beginning Nov. 18, the company said in a Nov. 14 letter to customers.

  • Bhushan Steel plant blast in India kills one, injures 15 Nov 15, 2013

    At least one person was killed and 15 injured after a major explosion rocked Bhushan Steel Ltd.’s Meramandali facility in the Dhenkanal district of Odisha, India, Nov. 13.

  • W. Coast steel tube mills move to raise prices Nov 14, 2013

    West Coast producers of structural steel tubing have joined the move to raise prices, posting an initial $40 per ton increase ahead of what many believe is an upcoming second round of increases from mills east of the Rockies.

  • SBQ demand divides, prices remain mired Nov 14, 2013

    Demand for special bar quality (SBQ) products is typically a tale of two markets—automotive and nonautomotive—but the divide now seems more pronounced with stocks of automotive material at “dangerously minimal” levels, buyers told AMM.

  • Essar Steel Algoma sees pickup ahead Nov 14, 2013

    Essar Steel Algoma Inc.’s steeper fall into the red in its fiscal second quarter was partly due to uncertain market conditions and its product mix, but the company said that strengthening momentum in the steel market coupled with a more competitive raw material contract will allow it to achieve better long-term sustainability.

  • Goldman Sachs divests stake in MRC Global Nov 14, 2013

    Investment funds associated with Goldman Sachs Group Inc. have sold their nearly 17.5 million shares in energy tubulars distribution and service company MRC Global Inc., but little impact is expected as a result of the company’s new shareholder structure.

  • Friedman net income drops 98.3% on lower tubular sales Nov 14, 2013

    Falling tubular selling prices and volumes, and lower coil sales took a toll on Friedman Industries Inc.’s earnings in its fiscal second quarter.

  • Villacero delays long rolling mill project Nov 14, 2013

    Mexican steel service center Group Villacero SA de CV has postponed plans to construct a new long steel rolling mill due to the weak economic environment.

  • Brazilian slab, billet exports jump as pig iron falls in Oct. Nov 14, 2013

    A surge in U.S. purchases of slab and billet boosted Brazil’s exports of the products in October, but the country’s pig iron exports fell for a seventh consecutive month year on year amid lower international demand for the scrap substitute.

  • Essar Steel Algoma falls into red again in qtr. Nov 14, 2013

    Essar Steel Algoma Inc. swung to its seventh consecutive quarterly loss, but broke even on a pre-tax basis due to cost improvements coupled with higher sales and shipping rates, the company said Nov. 12.

  • Gerdau to shut its Joliet, Ill., rolling mill Nov 13, 2013

    Gerdau Long Steel North America will shutter its rolling mill in Joliet, Ill., by year-end, a company spokeswoman told AMM Nov. 13.

  • West Coast mills fill galvanized order books Nov 13, 2013

    The West Coast’s two major flat-rolled steel producers have closed out their January order books for galvanized sheet, according to market sources.

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