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U.S. steel imports edged up in April compared with the previous month, although they were far lower than a year earlier, U.S. Census Bureau data show.
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Ferrous scrap prices appear to be leaning toward another price drop in June, according to early market speculation.
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Domestic wire rod mills report mediocre business conditions overall amid flat demand and strong import competition.
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An accident at ArcelorMittal USA LLC’s steel plate facility in Coatesville, Pa., left three employees injured and an electric-arc furnace temporarily offline.
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The domestic merchant bar market was described as steady this past week, although some market participants said that, given the season, things should be busier.
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Activity in the domestic reinforcing bar market continues to be tepid as negative scrap sentiment deflates ordering activity and construction projects remain slow to gain traction.
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The Canadian International Trade Tribunal (CITT) is conducting an expiry review to determine whether revocation of anti-dumping and countervailing duties on carbon steel welded pipe and standard pipe (nominal size range of 0.5 up to 6 inches in outside diameter) from China would likely result in injury to the domestic industry.
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At least two more mills have set new minimum base prices for flat-rolled steel products, according to letters sent to customers.
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Australia’s Vortex Pipes Ltd. has entered into option agreements to acquire up to 100 percent of the Snelgrove DSO iron ore project in Newfoundland and Labrador, Canada.
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Brazil’s competition regulator has approved "with restrictions" the creation of a network of steel distributors and service centers by flat steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas).
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Discounting has continued in the steel beam market, although the gap between actual and published prices has narrowed as $20-per-ton price cuts announced earlier in May haven’t been accompanied by corresponding lower prices on discounted large orders.
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Efforts by at least four major mills to boost flat-rolled steel prices could be foiled by a number of downward pressures, including sliding raw material costs, oversupplied markets and lackluster demand.
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If we want to strengthen the economy and create jobs through our vast supply of natural gas, then allowing unlimited natural gas exports isn’t the “clear choice” (amm.com, May 21)—it’s the wrong choice.
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Outokumpu Stainless USA LLC has been hit with a $9-million lawsuit from a building contractor that worked on the stainless steel producer’s Calvert, Ala., facility.
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The U.S. International Trade Commission (ITC) will start the preliminary phase in an anti-dumping duty investigation into whether imports of welded stainless steel pressure pipe from Malaysia, Thailand and Vietnam are injuring or threatening to injure the domestic industry.
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The House of Representatives has passed a bill expediting the approval process for TransCanada Corp.’s proposed Keystone XL pipeline.
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Kentucky Electric Steel LLC (KES) will receive a $6-million investment from parent company Optima Specialty Steel Inc. allowing it to produce high-quality round bars in diameters up to 3.75 inches.
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Outokumpu Stainless USA LLC has lowered its surcharges on most stainless steel grades for June.
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U.S. Steel Corp has raised spot prices for all flat-rolled steel products by a minimum of $50 per net ton, effective immediately, according to a May 22 letter to customers.
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Tenaris SA plans to fire up two new U- and O-forming presses representing a $180-million investment at its mill in Pindamonhangaba, Brazil, next week, the company said May 22.
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ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their surcharges on most stainless steel grades for June.
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Power Piping Co. has responded to a U.S. Steel Corp. lawsuit seeking to reclaim losses the steelmaker says it sustained following a 2010 explosion at its Clairton, Pa., coke plant.
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U.S. ferrous scrap exports slipped slightly in the first quarter compared with a year earlier as demand from Asian consumers remained underwhelming.
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Gerdau Long Steel North America says that the steel it produced to create anchor rods for the San Francisco-Oakland Bay Bridge that have since failed met the specifications "it was ordered to."