Steel RSS

  • US steel imports poised to rise in May Jun 25, 2014

    U.S. steel mill product imports are set to climb for the second month in a row in May, driven by sharp gains in inflows of oil country tubular goods (OCTG), heavy structural shapes and hot-rolled sheet.

  • Ohio officials back Warren’s power rate request Jun 25, 2014

    Ohio politicians have thrown their weight behind Warren Steel Holdings LLC’s bid for a lower power rate, arguing that cheaper electricity is necessary if the plant is to avoid shutting down.

  • Cliffs plans to idle met coal mine Jun 25, 2014

    Cliffs Natural Resources Inc. plans to temporarily idle its Pinnacle metallurgical coal mine in West Virginia, a pause that could last more than six months, the company said in a filing with the U.S. Securities and Exchange Commission.

  • Reliance, Chapel appeal MM Steel antitrust case Jun 25, 2014

    Reliance Steel & Aluminum Co. and Chapel Steel Corp. have filed an appeal in an antitrust case that saw several steelmakers and service centers hit with $156 million in damages, according to documents filed in federal District Court in Texas.

  • ITC rules stainless pipe imports injuring industry Jun 25, 2014

    The U.S. International Trade Commission (ITC) has ruled that dumped imports of welded stainless steel pressure pipe from Malaysia, Thailand and Vietnam are injuring the U.S. industry.

  • AK hiking stainless steel products Jun 24, 2014

    AK Steel Corp. will increase base prices for all stainless steel products effective with July 6 shipments.

  • Steel seen inefficient user of IT tools Jun 24, 2014

    Large integrated steelmakers have underinvested in information technology (IT) and software for years, with several corporate IT budgets at “barely maintenance” levels, according to one software consultant.

  • Southland ups freight as trucking costs soar Jun 24, 2014

    Southland Tube Inc. is increasing freight prices by 10 percent effective July 14 due to rising transportation costs, the company said in a letter to customers.

  • Tubulars on edge as trade case verdicts loom Jun 24, 2014

    The domestic energy tubular market remains on edge as final decisions in a historic anti-dumping case on oil country tubular goods (OCTG) are due in coming weeks.

  • Equipment dispute at former R.G. Steel mill in Ohio settled Jun 24, 2014

    The owners of the former R.G. Steel LLC mill in Warren, Ohio, and an industrial gas supplier appear to have settled their differences related to ownership of equipment on the site of the facility.

  • USS’ Gary furnace resumes production Jun 24, 2014

    The No. 8 furnace at U.S. Steel Corp.’s Gary Works in northwest Indiana has resumed production, a company spokeswoman said.

  • Potential trade cases worry steel importers Jun 24, 2014

    Offshore hot-rolled steel prices held steady while cold-rolled tags slipped as fears mounted of potential U.S. trade action against huge segments of the market, including cold-rolled sheet from China and India and hot-rolled coil from Russia.

  • US raw steel production rises 1.6% Jun 24, 2014

    U.S. raw steel output totaled an estimated 1,880,000 net tons last week, up 1.6 percent from 1,850,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.2 percent.

  • CSI closes July flat-roll order book Jun 24, 2014

    California Steel Industries Inc. (CSI) has closed the book on July flat-rolled steel orders.

  • Phillips, Century sign sales deal Jun 24, 2014

    Phillips Metals Inc. has signed a sales representation agreement with Century Tube LLC for mechanical and coated steel tubing.

  • TMK Ipsco inks labor deal in Pa. Jun 24, 2014

    TMK Ipsco has reached a new labor deal with unionized workers at its steel operations in Koppel and Ambridge, Pa., the company said June 23.

  • Siemens EF delivers promising test results Jun 23, 2014

    Siemens VAI Metal Technologies GmbH & Co.’s Simetal Quantum electric-arc furnace (EF) technology is off to a strong start in initial hot tests in Mexico, according to chief technology officer Andreas Flick.

  • Severstal will buy RG’s stake in MSC for $30M Jun 23, 2014

    Severstal US Holding LLC has agreed to purchase bankrupt RG Steel LLC’s stake in coke producer Mountain State Carbon LLC (MSC) for $30 million.

  • Cliffs attacks Casablanca’s strategy Jun 23, 2014

    Cliffs Natural Resources Inc. has pushed back against activist investor Casablanca Capital LP, criticizing the hedge fund’s leadership candidate and its corporate vision for the iron ore producer.

  • World steel output up in May; utilization falls Jun 23, 2014

    Global crude steel production totaled 141 million tonnes in May, up 2.2 percent from the same month last year, according to the latest World Steel Association data.

  • Rising demand could spur US flat-rolled capacity Jun 23, 2014

    Rising U.S. steel demand and the likelihood that some integrated producers may be unable to keep pace could spur an additional 4 million to 6 million tons of domestic flat-rolled capacity, according to two steel analysts.

  • Essar Steel Minn. looks to restructure debt Jun 23, 2014

    Essar Steel Minnesota LLC is proposing changes to its $450 million in senior secured notes, it said June 23.

  • Essar, union reach tentative deal Jun 23, 2014

    Flat-rolled steel producer Essar Steel Algoma Inc. has reached a tentative agreement with unionized workers at its Sault Ste. Marie, Ontario, facility.

  • Magnetation ships iron ore cargo Jun 23, 2014

    Magnetation LLC has shipped its first load of iron ore concentrate from near Grand Rapids, Minn., to a pellet plant under construction in Reynolds, Ind.

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