Steel RSS

  • Teck calls for more met coal production cuts Nov 25, 2013

    Teck Resources Ltd. is calling for more metallurgical coal production cuts to balance global supply and demand.

  • North American drilling slows Nov 25, 2013

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

  • Haynes' earnings tumble, loss seen ahead Nov 22, 2013

    Specialty alloy producer Haynes International Inc. expects to record a net loss in the coming quarter due to challenging market conditions that have affected sales and compressed margins, the company said Nov. 22.

  • Most metals see pricing index fizzle Nov 22, 2013

    Iron and steel scrap prices remained flat in October vs. the previous month, with steel mill product pricing following suit, according to the latest producer price index (PPI) report from the U.S. Bureau of Labor Statistics.

  • Carbonyx building plant in West Virginia Nov 22, 2013

    Carbonyx Inc. plans to build a chemical plant in Millwood, W.Va., that will make Cokonyx, a proprietary product that replaces coking coal as a steelmaking raw material.

  • Thanksgiving holiday notice Nov 22, 2013

    AMM’s offices will be closed Nov. 28 and 29 in observance of Thanksgiving. There will be no issues dated Nov. 28 and Nov. 29.

  • AK Steel to raise stainless base prices Jan. 1 Nov 22, 2013

    AK Steel Corp. is increasing base prices for select stainless steel products effective Jan. 1, the company said Nov. 22.

  • Steel sheet market stable; imports a concern Nov 22, 2013

    The U.S. steel sheet market was stable this past week as extended lead times helped mills hold the line on higher pricing, sources said, although some raised concerns over how long the stability would last.

  • Evraz NA taps Reed exec vp of long products Nov 22, 2013

    Evraz Inc. North America has tapped Jerry Reed as its new executive vice president for long products, the company said Nov. 22.

  • ITC to vote Dec. 2 on electrical steel imports Nov 22, 2013

    The U.S. International Trade Commission (ITC) is scheduled to vote Dec. 2 in its anti-dumping and countervailing duty investigation of imports of non-oriented electrical steel from China, Germany, Japan, South Korea, Sweden and Taiwan.

  • Merchant bar mills said sticking to guns on hike Nov 22, 2013

    Merchant bar mills are sticking to their guns on a recent $20-per-ton ($1-per-hundredweight) increase, sources told AMM this past week.

  • Essar to ramp up Hazira plant output by Dec. Nov 22, 2013

    Production at Essar Steel Ltd.’s integrated steel plant at Hazira in western India’s Gujarat state will pick up by December, the company said.

  • Time may be up on firmer structural prices Nov 21, 2013

    Expectations that structural steel prices will firm before year-end are now fading as even a still-awaited wide-flange beam increase by a key player might not be enough to boost the market for December shipments.

  • East Coast scrap struggles, demand weak Nov 21, 2013

    East Coast ferrous scrap market participants are struggling to find traction for higher prices due to tepid local and export demand, AMM understands.

  • NAS, ATI, AK boost stainless extras Nov 21, 2013

    North American Stainless Inc. (NAS), ATI Allegheny Ludlum Corp. and AK Steel Corp. have raised stainless steel surcharges for most grades for December, the first substantial increases since September.

  • Rebar price increase seen in December Nov 21, 2013

    Rebar mills have held on to an earlier $10-per-ton increase with recent orders, sources said, and buyers anticipate further increases next month.

  • Wire rod hikes said partially sticking Nov 21, 2013

    Wire rod prices have increased after announcements were sent out earlier this month, but most purchases aren’t up the full $30 per ton that most mills announced.

  • Gerdau renews $1.5B credit line Nov 21, 2013

    Brazilian steelmaker Gerdau SA has renewed a syndicated loan facility of up to $1.5 billion to increase liquidity in its Latin American and North American operations.

  • CITT details injury finding in plate case Nov 21, 2013

    The Canadian International Trade Tribunal (CITT) has released details of its preliminary ruling that dumped imports of hot-rolled carbon steel plate from seven countries have harmed the Canadian industry.

  • China’s ferrous scrap imports up, other products fall Nov 21, 2013

    China’s imports of steelmaking raw materials were mixed in October, with ferrous scrap rising month on month while iron ore and coking coal both logged declines, according to customs data released Nov. 21.

  • W. Coast buyers see foreign mills raising tags Nov 20, 2013

    West Coast buyers of flat-rolled steel expect foreign mills to move for a price increase after remaining surprisingly competitive on early 2014 arrivals.

  • Brazil’s crude steel output drops in Oct. Nov 20, 2013

    Brazilian crude steel output fell 2.8 percent year on year to 3.01 million tonnes in October from 3.1 million tonnes a year earlier, according to national steel association IABr.

  • Ferrous scrap poised for slight gain in Dec. Nov 20, 2013

    Ferrous scrap prices in U.S. markets are likely to trend sideways or record a minor uptick in December, according to market participants.

  • Shift to spot met coal pricing on rise: Alpha Nov 20, 2013

    Coal producer Alpha Natural Resources Inc. has seen an increase in spot metallurgical coal pricing for the export market due to price volatility, the company confirmed to AMM sister publication Steel First Nov. 19.

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