Steel RSS

  • Timken adds alloy grades to boost sales to energy sector Oct 30, 2013

    Timken Co. has introduced two new grades of alloy steel, 4130HW and 4140HW, that are designed for heavy-wall seamless mechanical tubing applications needed by energy producers.

  • US kicks off electrical steel import probe vs. 7 nations Oct 30, 2013

    The U.S. Commerce Department has initiated an anti-dumping probe on imports of grain-oriented electrical steels from seven countries.

  • Consol Energy selling W.Va. coal mines to focus on gas Oct 29, 2013

    Natural gas and coal producer Consol Energy Inc. has agreed to sell its Consolidation Coal Co. subsidiary for $3.5 billion to a subsidiary of Murray Energy Corp.

  • U.S. Steel targets cost cuts, sets closures Oct 29, 2013

    U.S. Steel Corp. is looking to improve its bottom line by shuttering major parts of one steelmaking operation, changing its raw materials strategy and dissolving an existing joint venture, its top executive said Oct. 29.

  • TK Steel Americas sale said near; market waits Oct 29, 2013

    Market rumors have been circulating since late last week on the imminent sale of ThyssenKrupp AG’s Steel Americas operations in Calvert, Ala., with some market players expecting the deal to help tighten supply and increase pricing in the Southeast.

  • Arch Coal posts 3d-qtr. loss of $128.4M Oct 29, 2013

    Arch Coal Inc. swung to a net loss in the third quarter, driven by weak market conditions, excess global supply and continued softness in European steel demand.

  • Universal Stainless, Haynes sign long-term service deal Oct 29, 2013

    Universal Stainless & Alloy Products Inc. has reached a long-term service agreement with Haynes International Inc., the company said Oct. 29.

  • U.S. Steel posts $1.79B net loss in 3d qtr. Oct 29, 2013

    U.S. Steel Corp. swung to a $1.79-billion net loss in the third quarter vs. year-earlier net income of $44 million, driven by a recently announced $1.8-billion write-down.

  • US inflows of S. Korea OCTG still high Oct 29, 2013

    The flow of South Korean oil country tubular goods (OCTG) to the U.S. market remains high despite an ongoing trade case against the country, surprising market participants.

  • HSS prices inch up, but market remains quiet Oct 29, 2013

    Hollow structural sections (HSS) prices east of the Rockies have inched up as an increase announced this month has gained some traction.

  • Schnitzer in the red despite steel sector gains Oct 29, 2013

    Schnitzer Steel Industries Inc. sank deeper into the red in its fiscal fourth quarter despite its steel manufacturing business logging its best fourth-quarter and full-year performance since fiscal 2008, the company said Oct. 29.

  • Timken won’t curb steel capacity: exec Oct 29, 2013

    Timken Co. doesn’t plan to curtail capacity at its steel business as it is realizing profits even at low utilization rates, the company said.

  • AISI outlines harmful trade practices against US steel Oct 29, 2013

    Foreign trade practices, such as export barriers, are harming U.S. steel players, the American Iron and Steel Institute (AISI) said in comments submitted this past week to the U.S. Trade Representative.

  • Shagang’s net income doubles in qtr. on steel price recovery Oct 29, 2013

    Shagang Group, China’s largest privately owned steelmaker, saw net income more than double in the third quarter compared with the same year-ago period.

  • Wuhan Steel’s net income jumps on government support Oct 29, 2013

    Wuhan Iron & Steel (Group) Corp., located in central China’s Hubei province, saw its net income jump 98.4 percent to 650.89 million yuan ($106.3 million) in the first nine months of 2013 from 328.01 million yuan a year earlier, thanks to increased government support.

  • Mexico’s Ahmsa posts $40.3M net loss in 3d qtr. Oct 29, 2013

    Altos Hornos de Mexico SA de CV (Ahmsa), Mexico’s biggest integrated steelmaker, saw its net loss widen by 51.2 percent to 520 million pesos ($40.3 million) in the third quarter.

  • Sept. iron ore shipments on Great Lakes increase 4.5% Oct 29, 2013

    Iron ore shipments on the Great Lakes totaled 6.17 million tons in September, up 4.5 percent from a year earlier and 6.3 percent higher than the previous month, according to the Lake Carriers’ Association.

  • US raw steel output falls to seven-month low Oct 29, 2013

    U.S. raw steel output totaled an estimated 1,817,000 net tons last week, down 1 percent from 1,835,000 tons the previous week to a seven-month low, as mills operated at an average capability utilization rate of 75.8 percent.

  • US rebar trade case said waste of time Oct 28, 2013

    The trade complaint filed by U.S. rebar producers against imports from Turkey is "nothing but a loss of time and resources," according to the Turkish Steel Exporters Association, which denied claims that the country’s producers are dumping steel in the United States or are subsidized by the Turkish government.

  • Universal Stainless anticipating 3d-qtr. loss Oct 28, 2013

    Universal Stainless & Alloy Products Inc. expects to post a third-quarter net loss of about $1.7 million, or between 24 and 26 cents per share, in sharp contrast to net income of $2.7 million, or 38 cents per share, in the same period last year.

  • American Piping Products buys Ozark assets Oct 28, 2013

    American Piping Products Inc. has acquired the assets of Ozark Tubular Products Inc.

  • US drilling slips, Canada jumps Oct 28, 2013

    The number of drill rigs running in the United States slipped by one last week

  • China’s daily output of crude steel falls further in mid-Oct. Oct 28, 2013

    China’s daily crude steel output continued to drop in mid-October, with the steel market yet to see any sign of improvement.

  • Steel wire rod prices flat amid weak demand Oct 28, 2013

    Steel wire rod prices are unchanged heading into November as weak demand and competition from imports leaves little room for an increase, mill sources and buyers told AMM.

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