Steel RSS

  • Plate prices tick up as mills hold their ground Oct 25, 2013

    Steel plate prices saw a slight uptick this past week as market sources reported that mills were more determined to push for higher numbers.

  • W. Coast structural tubing prices weaken Oct 25, 2013

    West Coast structural steel tubing prices continue to soften amid a continuing shakeout in distribution capacity, with some buyers believing the bottom may be near.

  • Midwest scrap prices seen rising in November Oct 25, 2013

    Midwest ferrous scrap prices are expected to increase up to $50 per gross ton over the course of the winter, with November likely to kick-start the push for higher prices.

  • Cliffs targets US iron ore sales of 23M tons Oct 25, 2013

    Cliffs Natural Resources Inc. expects to sell about 22 million to 23 million tons of iron ore from its domestic business in 2014 due to a new supply agreement with one of its North American steelmaking customers.

  • Rebar price hikes start to stick Oct 25, 2013

    Rebar buyers are starting to see price increases from the mills take hold as the market shows signs of life before winter sets in and Turkish rebar exporters back out of the U.S. market.

  • ITA postpones decision in OCTG case Oct 25, 2013

    The Commerce Department’s International Trade Administration (ITA) has postponed to Feb. 13 its preliminary decision in a trade complaint against producers of oil country tubular goods (OCTG) from nine countries, citing the recent government shutdown and the complexity of the case.

  • Teck sees met coal shift to spot market Oct 25, 2013

    Diversified miner Teck Resources Ltd. said it expects to sell more metallurgical coal on the spot market due to volatile steel market conditions.

  • SSAB Americas swings to profit in quarter Oct 25, 2013

    SSAB Americas returned to profitability in the third quarter thanks to recovering plate prices and a gradual improvement in the U.S. economy.

  • Teck posts record coking coal sales Oct 25, 2013

    Canadian diversified miner Teck Resources Ltd.’s third-quarter results were boosted by record sales of metallurgical coal.

  • Teck to start bulk sampling at Quintette met coal mine Oct 25, 2013

    Canadian diversified miner Teck Resources Ltd. will start a bulk sampling program at its Quintette metallurgical coal project in western Canada over the next nine months in order to produce saleable coal that will be offered for trial to potential customers.

  • House OKs waterways infrastructure bill Oct 24, 2013

    Transportation advocates and steel interests have lauded House approval of legislation intended to improve water resource infrastructure and fund port development.

  • Buyers question possible steel sheet hikes Oct 24, 2013

    The steel sheet market remained steady this week amid increased discussions over a possible price increase and concerns over the ability to pass along higher numbers to end-users, sources said.

  • SSAB surprises buyers with $20/T plate hike Oct 24, 2013

    SSAB Americas looks poised to lead another round of steel plate increases, sparking surprise from buyers, particularly since the market has remained relatively stable, although rather lackluster.

  • Leggett & Platt earnings up 8.4% despite sales decline Oct 24, 2013

    Leggett & Platt Inc. reported higher third-quarter earnings despite a drop in overall sales on weakness in its industrial materials and commercial fixturing and components segments.

  • ITC sets hearing on hot-rolled steel imports Oct 24, 2013

    The U.S. International Trade Commission (ITC) has scheduled an Oct. 31 hearing on its five-year review of hot-rolled steel from China, India, Indonesia, Taiwan, Thailand and Ukraine. Post-hearing briefs are due Nov. 8 and final comments are due Dec. 1.

  • Commerce sets duties on steel wire rod Oct 24, 2013

    In the final results of an expedited second sunset review of anti-dumping duty orders on imports of carbon and certain alloy steel wire rod, the U.S. Commerce Department’s International Trade Administration (ITA) set weighted-average margins of 74.45 to 94.73 percent on material from Brazil, 4.05 percent for Indonesia, 20.11 percent for Mexico, 369.1 percent for Moldova, 11.4 percent for Trinidad and Tobago and 116.37 percent for Ukraine.

  • Timken’s net income tumbles in 3d qtr. Oct 24, 2013

    Timken Co.’s earnings slumped in the third quarter due in part to weaker demand from its broad end markets, as well as lower volume and manufacturing utilization.

  • Electrical steel shipments at lows: AK Steel Oct 24, 2013

    AK Steel Corp. called on the U.S. Commerce Department and the International Trade Commission to prohibit "unfairly traded imports" of electrical steel, noting that international shipments of grain-oriented electrical steel have reached "historically low levels," the company said in its third-quarter earnings call Oct. 22.

  • Mexican crude steel output falls in first half Oct 24, 2013

    Mexico’s crude steel production totaled 8.82 million tonnes for the first half, down 1.2 percent year on year, according to figures released Oct. 23 by national steel association Canacero.

  • Acindar allocates $100M for rolling mill in Argentina Oct 24, 2013

    Industria Argentina de Aceros SA (Acindar), ArcelorMittal SA’s Argentina-based unit, will invest $100 million in a new rolling mill in the country’s Santa Fe province, the steelmaker said Oct. 22.

  • CCX port concession approved Oct 24, 2013

    Colombian coal exploration company CCX Carvão da Colômbia SA, a subsidiary of Brazil’s EBX Group, has obtained approval for its 35-million-tonne-per-year port concession in northern Colombia, the company said Oct. 22.

  • Coal shipments on Great Lakes off 13% in Sept. Oct 24, 2013

    Coal shipments on the Great Lakes totaled 2.65 million net tons in September, down almost 13 percent year on year from 3.05 million tons, according to the Lake Carriers’ Association.

  • Brazil’s galvanized steel use to grow 9.5%, ICZ says Oct 24, 2013

    The market for hot-dipped galvanized steel products in Brazil is expected to grow 9.5 percent this year, according to Carlos Gonçalves Henriques, president of the country’s nonferrous metals institute, ICZ.

  • CRU concludes audit of Midwest steel price indices Oct 23, 2013

    As pressure mounts for domestic steel mills and consumers to agree on 2014 contract terms, CRU International Ltd. has conducted a third-party audit on its U.S. Midwest hot-rolled, cold-rolled and hot-dipped galvanized coil and plate price indices.

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