Steel

  • Gerdau bullish on N. America for 2014 Nov 01, 2013

    The North American steel market will see stronger sales in 2014 and 2015 with improving construction markets and overall economic conditions expected to boost the steel industry, Gerdau SA executives said in a conference call with investors Oct. 31.

  • ITC rules to continue rebar dumping case Nov 01, 2013

    The International Trade Commission (ITC) has made a preliminary determination that imports of rebar from Turkey and Mexico have materially injured or threaten to injure U.S. rebar producers, it said Nov. 1.

  • ITC delays pipe trade case ruling Nov 01, 2013

    The U.S. International Trade Commission (ITC) has postponed its preliminary determinations in an anti-dumping duty trade case of welded stainless pressure pipe from Malaysia, Thailand and Vietnam until Dec. 30 due to the recent government shutdown.

  • Gerdau sells first Brazil-made flat steel Nov 01, 2013

    Gerdau SA has started selling steel goods produced at its 770,000-tonne-per-year hot strip mill in Brazil, marking its official entrance to the country’s flat steel market.

  • NSSC Chinese cold-rolled mill joint venture canceled Nov 01, 2013

    Nippon Steel & Sumikin Stainless Steel Corp. (NSSC) has canceled plans to open a stainless cold-rolling mill in Nantong, Jiangsu province, in a joint venture with Xinan Stainless Steel Co. Ltd.

  • Stainless producers’ surcharges mixed Oct 31, 2013

    Stainless producers’ surcharges are mixed for November, with slight moves across most grades.

  • Deacero wins wire rod case remand Oct 31, 2013

    The U.S. Court of International Trade (CIT) has remanded a Commerce Department ruling that 4.75-millimeter wire rod produced by Mexico’s Deacero SA de CV be subject to anti-dumping duties, leaving the door open for a reversal that could allow Deacero to freely export small-diameter wire rod to the United States.

  • Flack Steel, GlobeNet to merge Oct 31, 2013

    Flack Steel Ltd. and GlobeNet Metals LLC will merge to create a steel sales organization with annual revenue in excess of $200 million and volume of about 275,000 tons a year.

  • OCTG prices dip in October: Pipe Logix Oct 31, 2013

    Distributor selling prices for oil country tubular goods (OCTG) dipped in October as market sentiment turned negative, according to the latest data from Pipe Logix LLC.

  • Auto shredder market down but execs upbeat Oct 31, 2013

    U.S. auto shredders continue to wrestle with falling profits due to undisciplined buying practices, the willingness to pay top dollar for subpar material and a struggling construction sector, but the trend will eventually reverse itself, according to attendees at AMM’s Steel Scrap Conference in Chicago.

  • GrafTech logs 3d-qtr. loss, begins cost cutting Oct 31, 2013

    Difficult global economic conditions have pushed graphite electrode producer GrafTech International Ltd. to close facilities and change strategy at others to remain profitable and position itself for the future, the company said in its third-quarter earnings release Oct. 31.

  • Gerdau’s N. American profit falls sharply Oct 31, 2013

    Gerdau SA’s North American business operations, excluding Mexico and special steel, recorded a 33.6-percent year-on-year drop in third-quarter gross profit to 148 million reais ($66.38 million).

  • Steelmaking halt at USS’ Hamilton irks USW Oct 31, 2013

    The United Steelworkers union has expressed disappointment in U.S. Steel Corp.’s recent announcement to end steelmaking in Hamilton, Ontario.

  • Balawajder joins USS exec team Oct 31, 2013

    U.S. Steel Corp. has appointed Charles G. Balawajder as vice president and chief information officer effective Nov. 1, the company said Oct. 31.

  • NAS keeps fuel surcharge at 33% Oct 31, 2013

    North American Stainless Inc. (NAS) is maintaining a fuel surcharge of 33 percent on stainless flat and long products for November, the company said Oct. 29.

  • China protests inclusion in US duty probe Oct 31, 2013

    China shouldn’t be included in the U.S. anti-dumping and countervailing duty probe on imports of grain-oriented electrical steel, the Chinese Ministry of Commerce said.

  • China’s scrap independence to impact US market: execs Oct 30, 2013

    China’s potential transformation into a net exporter of scrap in less than a decade could impact metal recyclers, industry veterans said at AMM’s Steel Scrap Conference in Chicago.

  • Steel sheet prices stable but change expected Oct 30, 2013

    The steel sheet market remained steady this week amid lead times pushing closer to the end of the year, discipline on higher pricing and firm demand.

  • Win in OCTG case to help prices: Longhi Oct 30, 2013

    If U.S. oil country tubular goods (OCTG) producers prevail in an anti-dumping review of imports from nine countries, pricing in the OCTG market should improve, according to U.S. Steel Corp.’s top executive.

  • Precoat buys Steelscape Ala. paint line Oct 30, 2013

    Precoat Metals Inc. purchased the assets of Steelscape Inc.’s paint line in Fairfield, Ala., earlier this week for an undisclosed amount, a Precoat spokesman has confirmed.

  • First rebar duties could come in Dec. Oct 30, 2013

    Potential anti-dumping duties on rebar shipments from Turkey and Mexico could be implemented in early March, while potential countervailing duties on Turkish rebar could be imposed as soon as late December, according to a timeline for the trade investigation.

  • Turkish steel rebar imports taper off Oct 30, 2013

    Rebar buyers are ratcheting up their search for new overseas sources of the product, as some imports dwindle and time runs out before potential duties hit arrivals from the two largest providers to the United States: Turkey and Mexico.

  • OCTG prices to improve in 4th quarter: TMK Oct 30, 2013

    OAO TMK, the Russian parent company of North American pipe and tube maker TMK Ipsco, expects U.S. pricing for oil country tubular goods (OCTG) to improve late this year.

  • American Steel Pipe invests $55M to expand mill Oct 30, 2013

    American Steel Pipe will invest $55 million to add a 150,000-square-foot processing facility to its North Mill in Birmingham, Ala.

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