Top Stories

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    Ferrous scrap export tags into Taiwan plunge

    Sep 18, 2014

    Chinese steel billet sales into Taiwan sent containerized ferrous scrap export prices plummeting this week as Taiwan’s mill buyers switched their focus to cheaper semifinished products from China. More »

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    Honda to keep leaning on steel for strength

    Sep 18, 2014

    Honda Motor Co. Ltd. will continue to use a range of materials for its North American-made vehicles, company executives said, but noted that parts important for body strength will likely remain steel. More »

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    SDI expects stronger earnings in 3d qtr.

    Sep 18, 2014

    Steel Dynamics Inc. (SDI) said it expects its third-quarter earnings to be higher than in the second quarter and a year earlier as "both shipments and metal spreads are expected to improve across the steel operating platform." More »

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    SMA tackling high rail, trucking rates

    Sep 18, 2014

    The Steel Manufacturers Association (SMA) is prioritizing the problem of high rail and trucking freight rates, according to the group’s top executive. More »

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    DRI effect on scrap market seen muted

    Sep 18, 2014

    Scrap remains the raw material of choice for electric-arc furnace (EF) steelmakers, even as interest in direct-reduced iron (DRI) ramps up, Steel Manufacturers Association (SMA) president Philip K. Bell told AMM in an interview. More »

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    Severstal NA chief departs following sale

    Sep 18, 2014

    Former Severstal North America Inc. chief executive officer Saikat Dey has left the company following its acquisition by Steel Dynamics Inc. (SDI) and AK Steel Corp. More »

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    Esmark forms European unit

    Sep 18, 2014

    Esmark Inc. has created an Esmark Europe subsidiary whose ranks include former executives of U.S. Steel Corp.’s operations in Slovakia, the company said Sept. 18. More »

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    Aero backlogs spur titanium integration

    Sep 18, 2014

    Surging commercial aircraft backlogs are spurring the need for vertical integration in the aerospace supply chain, titanium industry executives said. More »

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    Copper scrap mart said brightening on demand

    Sep 18, 2014

    The copper scrap industry is slowly coming out of its summer doldrums amid higher demand from mills and ingot makers. More »

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    Multi-material vehicles complicate scrap sorting

    Sep 18, 2014

    Multi-material vehicles present new challenges when it comes to sorting scrap left over from stamping, according to Honda Motor Co. Ltd. executives. More »

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    China’s edge in stainless longs eroding

    Sep 18, 2014

    Chinese stainless steel producers have less than a decade before their cost curves converge with the rest of the world and end their run as the lowest-cost producers, one industry analyst said. More »

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    Greenbrier logs 15,000 rail car orders in qtr.

    Sep 18, 2014

    Greenbrier Cos. received new orders for 15,000 rail cars valued at $1.37 billion in its fiscal fourth quarter ended Aug. 31, down from the previous quarter but up sharply from the year-earlier period. More »

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    VNE acquires high-purity tube producer

    Sep 18, 2014

    VNE Corp. has acquired tube and fittings supplier High Purity Technology Inc. (HPT). The terms of the deal were not disclosed. More »

Latest News by Category

Steel

  • US stainless long products on right path

    The domestic stainless long products market is heading in the right direction, with consumption improving and import penetration—historically very high—drifting downward, according to one top industry analyst.

  • Severstal NA chief departs following sale

    Former Severstal North America Inc. chief executive officer Saikat Dey has left the company following its acquisition by Steel Dynamics Inc. (SDI) and AK Steel Corp.

  • SDI expects stronger earnings in 3d qtr.

    Steel Dynamics Inc. (SDI) said it expects its third-quarter earnings to be higher than in the second quarter and a year earlier as "both shipments and metal spreads are expected to improve across the steel operating platform."

  • Esmark forms European unit

    Esmark Inc. has created an Esmark Europe subsidiary whose ranks include former executives of U.S. Steel Corp.’s operations in Slovakia, the company said Sept. 18.

  • SMA tackling high rail, trucking rates

    The Steel Manufacturers Association (SMA) is prioritizing the problem of high rail and trucking freight rates, according to the group’s top executive.

Scrap

  • Ferrous scrap export tags into Taiwan plunge

    Chinese steel billet sales into Taiwan sent containerized ferrous scrap export prices plummeting this week as Taiwan’s mill buyers switched their focus to cheaper semifinished products from China.

  • Copper scrap mart said brightening on demand

    The copper scrap industry is slowly coming out of its summer doldrums amid higher demand from mills and ingot makers.

  • Port Manatee Scrap Metal exports first cargo from Fla.

    Port Manatee Scrap Metal Inc. has shipped its inaugural load of raw material from Florida.

  • DRI effect on scrap market seen muted

    Scrap remains the raw material of choice for electric-arc furnace (EF) steelmakers, even as interest in direct-reduced iron (DRI) ramps up, Steel Manufacturers Association (SMA) president Philip K. Bell told AMM in an interview.

  • Correction: Ferrous bulk export prices lose more ground

    A story posted to AMM’s website Sept. 17 on bulk ferrous scrap export prices should have said that at $370 per tonne c.i.f. Turkey, prices for an 80/20 mix of No. 1 and No. 2 heavy melting scrap shipped from the East Coast are now down around $15 per tonne from a month ago on a delivered basis and are even weaker than that on an f.o.b. basis due to higher freight costs. The story incorrectly implied that the f.o.b. price had declined by a lesser amount.

Nonferrous

  • Aero backlogs spur titanium integration

    Surging commercial aircraft backlogs are spurring the need for vertical integration in the aerospace supply chain, titanium industry executives said.

  • China slowdown weighs on copper outlook

    A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the U.S. will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Land bill spurs Nevada Copper project

    Nevada Copper Corp. expects its Pumpkin Hollow copper project to become fully permitted by early next year after the U.S. House of Representatives passed the Northern Nevada Land Conservation and Economic Development Act.

  • Midwest premiums hold firm but increases seen looming

    Midwest aluminum premiums held steady this week, but market participants said that premiums could head higher in step with increased North American capacity constraints.

  • Water rules, freight concerns for copper

    Regulations put in place to control lead in drinking water continue to pose challenges for copper scrap consumers, market participants said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

Supply Chain

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  • Optimism prevails in market outlook for the year ahead

    Stainless steel demand continues to show strong growth, much of which has come from real market demand rather than simple inventory restocking.

  • A reduced appetite

    Mills are cherry picking direct-reduced iron technologies from leading providers as they seek the best input mix to create the optimal product while keeping costs under control at a time when raw materials are a driving factor in corporate profitability.

  • Iron will

    Steelmakers and other companies that have moved—or are considering moving—into direct-reduced iron production are exploiting advantageous energy prices while also looking to keep raw material costs and accessibility under their own control.

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