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Steel

  • US raw steel production edges 0.2% lower

    U.S. raw steel output totaled an estimated 1,882,000 net tons last week, down 0.2 percent from 1,885,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.2 percent.

  • Rebar mills warn of job losses, falling prices

    U.S. rebar producers and fabricators warned of potential job losses and declining prices at a Sept. 15 International Trade Commission (ITC) hearing involving imports of the product from Turkey and Mexico.

  • Applebaum joins NW Pipe board

    Retired steel industry analyst Michelle Applebaum has been elected to Northwest Pipe Co.’s board of directors.

  • W. Coast structural tubing still facing squeeze

    West Coast structural steel tubing prices continue to be pressured by a slowing pace of mill bookings and steep import discounts.

  • AK Steel to sell additional shares

    Underwriters for AK Steel Holding Corp.’s recent stock offering have exercised an option to purchase a further 5.25 million shares.

Scrap

  • Ferrous scrap export prices feeling pressure

    East Coast ferrous scrap prices are likely to come under pressure following two bulk cargo sales in a rising freight market that sent prices lower over the past week.

  • Sims executive Blake Kelley dies

    Ralph Blake Kelley, an industry veteran and vice president of Sims Metal Management Ltd., has died after a 10-year-long battle with cancer. He was 60 years old.

  • Three companies to handle Roth Steel sale

    Roth Steel Corp.’s assets and real estate are on the market, with three companies appointed to handle the sale.

  • Steel projects in South seen raising scrap costs

    The construction of two steel mills in the southeastern United States could mean higher raw material prices and steeper freight costs for other producers in the area.

  • Mittal exec shares ABCs governing scrap buys

    A handful of indicators influence how ArcelorMittal SA’s North American mills make raw material purchases each month, a company executive said, noting that the obsolete grades of scrap are more vulnerable to the uptick or exodus of the export market.

Nonferrous

  • Noranda appealing energy decision

    Noranda Aluminum Holding Corp. is asking the Missouri Public Service Commission (PSC) to reconsider its order denying the company a reduced electricity rate at its New Madrid, Mo., smelter.

  • Mitsubishi Shindoh OKs extension in patent suit

    Mitsubishi Shindoh Co. Ltd. counsel has agreed to a request by Conbraco Industries Inc. to extend the deadline for the latter to mull over potential settlement discussions in a patent dispute between the companies, Conbraco said in a court filing.

  • “Titanium cheaters” pose an ongoing threat

    A lawsuit recently filed by United Technologies Corp. (UTC) shows that defense contractors are "still vulnerable" to an ongoing problem with "suspect" titanium that has persisted for 15 years, according to an aviation trade journal.

  • Sesa Sterlite appeals court ruling

    Sesa Sterlite Ltd. is appealing a court decision ordering it to pay nearly $83 million to copper miner Asarco LLC.

  • Buenavista setting up trust to fund mine cleanup

    Buenavista del Cobre SA de CV, a subsidiary of Southern Copper Corp., will establish a trust of 2 billion pesos ($151 million) to pay for cleanup costs related to the tailings spill from its Buenavista Mine project in Mexico.

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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