Steel RSS

  • Alpha reducing its work force by 230 to cut costs Nov 05, 2013

    Coal producer Alpha Natural Resources Inc. is reducing its work force by 230 people as part of measures to cut costs, the company confirmed to AMM sister publication Steel First Nov. 4.

  • CITT finds cause for steel plate probe Nov 04, 2013

    The Canadian International Trade Tribunal (CITT) determined Nov. 4 that there is reasonable indication that the dumping of hot-rolled carbon steel plate from seven countries is causing injury or threatens to cause injury to the Canadian industry.

  • Severstal NA’s Michael Bohn dies Nov 04, 2013

    Michael W. Bohn, former vice president of corporate planning and logistics at Severstal North America Inc., died Nov. 1. He was 61.

  • USS-Posco, CSI hike steel sheet prices Nov 04, 2013

    West Coast steelmakers have individually increased flat-rolled steel sheet prices effective immediately.

  • US drill rig count up as Canada slips Nov 04, 2013

    The number of drill rigs running in the United States rose by four last week, while Canadian drilling activity slipped by six compared with the previous week.

  • Gerdau beam price increase seen as challenge Nov 04, 2013

    Gerdau Long Steel North America has launched the first attempt by a U.S. mill to boost beam prices in more than six months, but buyers see a challenge ahead in breaking a five-month logjam in published and transactional tags.

  • Big River delayed to '14 on Nucor appeal Nov 04, 2013

    Groundbreaking at Big River Steel LLC’s proposed $1.1-billion steel mill in Arkansas, led by industry veteran John D. Correnti, has been delayed until 2014 following an air permit appeal from Nucor Corp.

  • Rebar price hike said likely to stick Nov 04, 2013

    Gerdau Long Steel North America’s rebar price hike late Nov. 1 is expected to hold, with other mills likely to follow, market sources told AMM.

  • S. Korean OCTG imports up in Sept. Nov 04, 2013

    Imports of oil country tubular goods (OCTG) from South Korea to the domestic market could hit nearly 100,000 tonnes in September even as overall shipments of the product are set to fall, according to preliminary import figures from the Commerce Department’s International Trade Administration (ITA).

  • Steel exports up 5.5% in Aug. vs. July Nov 04, 2013

    U.S. steel exports rose 5.5 percent in August compared with the previous month amid increased shipments to Brazil, Ecuador and the Dominican Republic.

  • Hebei steel capacity cuts hit 2M tonnes through Oct. Nov 04, 2013

    More than 2 million tonnes of iron and steel production capacity were cut in China’s Hebei province through the end of October, China’s Ministry of Information and Technology said Nov. 1.

  • Gerdau pushes up merchant prices Nov 04, 2013

    Gerdau Long Steel North America has increased its transactional prices for most angles, channels, flats, rounds and squares by $20 per ton ($1 per hundredweight) effective with Nov. 4 shipments, the company said in a Nov. 1 letter to customers.

  • Gerdau raises rebar prices $20/T Nov 04, 2013

    Gerdau Long Steel North America has increased its price on rebar by $20 per ton ($1 per hundredweight) effective with new orders placed Nov. 4, the company said in a Nov. 1 letter to customers.

  • Auto, consumer goods boost N. American mart: Acerinox Nov 04, 2013

    Acerinox SA’s North American market grew 4 percent in the first nine months of 2013 thanks to "a strong automotive sector and consumer goods," the stainless steel producer said in its third-quarter earnings report Oct. 31.

  • NW Pipe lands Double H project order Nov 04, 2013

    Northwest Pipe Co. has won an order to supply about 400 miles of 12¾-inch welded line pipe for the Double H pipeline crude oil project from Dore, N.D., to Guernsey, Wyo., the company said Nov. 1.

  • Gerdau hikes wire rod $30 per ton Nov 01, 2013

    Gerdau Long Steel North America has increased its price on all wire rod products by $30 per ton ($1.50 per hundredweight) effective Nov. 4, the company said in a Nov. 1 letter to customers.

  • ITA accepting review requests on orders Nov 01, 2013

    The Commerce Department’s International Trade Administration (ITA) is taking requests for administrative reviews on anti-dumping and countervailing duty orders with November anniversary dates.

  • ITA reviewing various duty orders Nov 01, 2013

    The Commerce Department’s International Trade Administration (ITA) has initiated a review to determine if revocation of countervailing or anti-dumping duty orders would likely lead to material injury.

  • Olympic sees bright spots in auto, agricultural Nov 01, 2013

    Demand from the automotive industry remains strong and should continue for the next few years, while both the agricultural and professional-grade food equipment business have grown, Olympic Steel Inc. executives said during an Oct. 31 earnings conference call.

  • Daily alloy extras unlikely in N. America Nov 01, 2013

    North American stainless distributors expressed doubt that a system to implement a daily alloy surcharge pricing mechanism, such as Outokumpu Oyj’s model in Europe, would succeed in their market.

  • MRC’s net falls despite rise in line pipe sales Nov 01, 2013

    MRC Global Inc.’s third-quarter net income fell 30.2 percent year on year even as its line pipe sales volumes jumped significantly.

  • Judge reaffirms decision in Arcelor patent suit Nov 01, 2013

    A federal judge has reconfirmed a decision that automotive steels produced by Severstal North America LLC, Wheeling-Nisshin Inc. and AK Steel Corp. do not infringe a patent by ArcelorMittal France and ArcelorMittal Atlantique et Lorraine, according to documents filed at the U.S. District Court in Delaware.

  • Acerinox’s earnings jump in 3d qtr. Nov 01, 2013

    Spanish stainless steel producer Acerinox SA saw its earnings surge in the third quarter compared with a year earlier, the company said Oct. 31.

  • OCTG leads fall in US steel imports in Sept. Nov 01, 2013

    U.S. steel imports slid in September, with oil country tubular goods (OCTG), cold-rolled sheet and semifinished material all registering declines, according to preliminary U.S. Census Bureau data.

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