AMM Daily

Thursday Jul 24 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

Latest News By Category

Steel RSS

  • China to tax certain steel imports July 31

    Jul 23, 2014 | 08:21 PMMichael Cowden

    China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said.

  • SunCoke sale of coal mining assets OK’d

    Jul 23, 2014 | 08:00 PMThorsten Schier

    SunCoke Energy Inc.’s board has approved the sale of its coal mining assets.

  • Warren Steel lands lower power rate

    Jul 23, 2014 | 07:08 PMMichael Cowden

    Warren Steel Holdings LLC has received approval from Ohio regulators for a lower power rate and is gearing up to restart operations Aug. 1, it said.

Nonferrous RSS

  • Stronger aero, auto demand lift Kaiser's net

    Jul 23, 2014 | 07:53 PMNathan Laliberte

    Kaiser Aluminum Corp.’s net income climbed in the second quarter as improved secular demand for aerospace, automotive and extrusion applications helped offset lower prices for heat-treat plate products.

  • Freeport-McMoRan bullish on copper prices

    Jul 23, 2014 | 05:25 PMSaranya Kapur

    Freeport-McMoRan Inc.’s realized copper prices have been flat, but the company expects prices to be strong going forward.

  • Strong demand lifts Freeport’s moly prices

    Jul 23, 2014 | 03:01 PMDaniel Fitzgerald

    Freeport-McMoRan Inc. has credited improved demand for a rise in molybdenum prices in the second quarter.

Scrap RSS

  • Fla. recycler claims lender forced bankruptcy

    Jul 23, 2014 | 08:42 PMLisa Gordon

    A Miami metals recycler claims it was wrongly pushed into bankruptcy by its lender.

  • Sims outlines five-year growth strategy

    Jul 23, 2014 | 05:58 PMSean Davidson

    Sims Metal Management Ltd. will strive for additional underlying growth of Australian $238 million ($223.4 million) over the next five years, with roughly 75 percent of that expected to stem from a business optimization plan.

  • Schnitzer unit files Rico suit vs. Calif. yard

    Jul 23, 2014 | 04:36 PMLisa Gordon

    A Schnitzer Steel Industries Inc. subsidiary is suing a California scrapyard for allegedly intentionally shorting the weight of its deliveries and violating the Racketeer Influenced and Corrupt Organizations (Rico) Act.

Supply Chain RSS

  • Greenbrier cheers new rail car standards plan

    Jul 23, 2014 | 08:11 PMFrank Haflich

    The U.S. Department of Transportation (DOT) has proposed new measures for moving oil and hazardous materials via rail, drawing an initial positive response from at least one rail car builder.

  • Ford F-150 pickup sheds more weight

    Jul 23, 2014 | 04:39 PMNathan Laliberte

    Ford Motor Co.’s 2015 aluminum-bodied F-150 pickup truck will weigh up to 732 pounds less than the prior-year model, Ford truck communications manager Mike Levine told AMM.

  • Structural steel prices seen stable in 2d half

    Jul 23, 2014 | 03:19 PMNat Rudarakanchana

    North American construction costs rose for the 30th straight month in July amid higher fabricated structural steel prices, although pricing is expected to stabilize for the balance of the year, according to an IHS Inc. research report.

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