Steel RSS

  • Evraz said upgrading Pueblo mill Dec 03, 2013

    Evraz Inc. North America is upgrading its Pueblo, Colo., facility to enable it to produce higher-carbon grades of wire rod, sources said.

  • Calvert deal meant to stabilize market: Mittal Dec 03, 2013

    A supply agreement between ThyssenKrupp AG’s slab facility in Brazil and its Calvert, Ala., facility was structured to minimize the impact on the operation’s supply and the North American slab market, ArcelorMittal executives said Dec. 2.

  • Stainless imports jump in Oct. vs. Sept. Dec 03, 2013

    U.S. imports of stainless steel products picked up in October, largely due to increased shipments of cold-rolled sheet and semifinished products, according to preliminary U.S. Census Bureau data.

  • DOM, ERW product hikes set for January Dec 03, 2013

    ArcelorMittal Tubular Products Shelby LLC and PTC Alliance Holdings Corp. are both raising prices for drawn-over-mandrel (DOM) products for January, with the latter also raising tags for electric-resistance welded (ERW) products.

  • NAS keeps fuel surcharge flat for December Dec 03, 2013

    North American Stainless Inc. (NAS) is maintaining a fuel surcharge of 33 percent on stainless flat and long products for December, unchanged for the seventh consecutive month, the company said Dec. 2.

  • Rio Tinto eyes spending cuts of 20% through '15 Dec 03, 2013

    Rio Tinto Plc is eyeing a 20-percent annual reduction in capital expenditures over the next two years while it expands its "long-life, low-cost" iron ore operation to 330 million tonnes per year in 2015.

  • ‘CRU-minus’: a cooler assessment Dec 03, 2013

    The venue was about as unlikely a forum for an ad hoc forensic session on the promise and pitfalls of the "CRU-minus" steel pricing formula as they come: the upstairs banquet room of a sports bar in the shadow of New Jersey’s MetLife Stadium.

  • Nucor, SDI unit raise rebar prices $10/T Dec 03, 2013

    Nucor Corp. and Steel Dynamics Inc.’s (SDI’s) Roanoke Bar division have raised rebar prices $10 per ton (50 cents per hundredweight) for the second month in a row.

  • Scrap availability, iron ore oversupply not a threat: Vale Dec 03, 2013

    Scrap availability will not be a problem for the iron ore industry over the next 10 years, and the threat has been overstated, according to Vale SA’s executive director for iron ore and strategy, José Carlos Martins.

  • US raw steel production slides 2.1 percent Dec 03, 2013

    U.S. raw steel output totaled an estimated 1,812,000 net tons last week, down 2.1 percent from 1,850,000 tons the previous week, as mills operated at an average capability utilization rate of 75.6 percent.

  • ITC rules in favor of AK Steel in trade case Dec 03, 2013

    The U.S. International Trade Commission (ITC) has ruled in favor of AK Steel Corp. in an anti-dumping and countervailing trade petition against imports of non-oriented electrical steel from six countries.

  • Beam imports seen climbing in November Dec 02, 2013

    U.S. steel beam imports are in line to jump 77.3 percent in November due in large part to increased shipments from South Korea.

  • TK Calvert plant deal seen boon to US market Dec 02, 2013

    ThyssenKrupp AG’s deal to sell its Calvert, Ala., facility to ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corp. (NSSMC) for $1.55 billion should have a positive impact on flat-rolled pricing, steel market analysts largely agreed.

  • Republic’s Lorain mill damaged in fire Dec 02, 2013

    A fire at Republic Steel Co.’s Lorain, Ohio, mill has taken the facility’s new furnace out of commission and sent five employees to the hospital, but the mill’s rolling and finishing operations have not been affected, the company said.

  • TK’s Calvert mill sale first step in rebalancing Dec 02, 2013

    The sale of ThyssenKrupp AG’s Calvert, Ala., facility will be the steelmaker’s first step toward balancing its cash flows and reducing market risk, its top executive said Nov. 30.

  • Correction: FTC pushes back decision on price-fixing settlement Dec 02, 2013

    Due to a reporting error, an article posted to AMM’s website Nov. 22 incorrectly identified the relationship between Charlotte Pipe & Foundry Co. and Star Pipe Products Ltd. Charlotte, N.C.-based Charlotte Pipe & Foundry acquired Houston-based Star Pipe’s cast iron soil pipe business in 2010 rather than the entire company.

  • ThyssenKrupp plans equity sale following Calvert deal Dec 02, 2013

    ThyssenKrupp AG may sell new equity worth up to 10 percent of the company’s value in a move announced along with a deal to sell its Calvert, Ala., plant.

  • Outokumpu sale of assets to TK seen early '14 Dec 02, 2013

    The sale of Outokumpu Oyj’s Italian subsidiary Acciai Speciali Terni SpA and German alloy business VDM to ThyssenKrupp AG is expected to be completed during the first quarter of 2014.

  • Interpipe gets casing certification Dec 02, 2013

    Ukraine’s Interpipe Group has been certified to make H40 and J55 electric-resistance weld (ERW) oil country tubular goods (OCTG) casing in outside diameters ranging from 8⅝ to 20 inches in accordance with American Petroleum Institute (API) standards.

  • Metal shipments, orders rise in October Dec 02, 2013

    Shipments and new orders of primary metals and fabricated metals rose in October compared with the previous month, according to the latest U.S. Census Bureau data.

  • OCTG imports from South Korea jump Dec 02, 2013

    U.S. imports of oil country tubular goods (OCTG) from South Korea rose in October to their highest level this year, according to preliminary figures from the Commerce Department’s Enforcement and Compliance division, despite a trade complaint filed in July.

  • N. American drilling increases Dec 02, 2013

    The number of drill rigs running in the United States inched up by two last week.

  • ArcelorMittal, Nippon to buy TK Calvert plant Dec 01, 2013

    ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corp. have agreed to buy ThyssenKrupp AG’s Calvert, Ala., facility for $1.55 billion.

  • Sutherland named USS nonexec chairman Nov 27, 2013

    U.S. Steel Corp. has appointed David S. Sutherland as nonexecutive chairman of the board effective Jan. 1.

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