Steel RSS

  • Steel sheet prices hold, but hikes expected Jul 17, 2014

    Steel sheet prices continued to hold steady this week, although market sources expect increases—perhaps imminently—in response to trade actions already undertaken or soon to be filed by U.S. mills.

  • Nucor boosting wire rod $15/T Jul 17, 2014

    Nucor Corp.’s Connecticut division is raising prices on all wire rod products by $15 per ton effective Aug. 1, the company said in a July 16 letter to customers.

  • Higher shipments boost Insteel earnings Jul 17, 2014

    Insteel Industries Inc.’s earnings jumped in its fiscal third quarter on an improvement in shipments, higher spreads between selling prices and raw material costs and lower unit conversion costs.

  • USS customer service said moved to Ontario Jul 17, 2014

    U.S. Steel Corp. has moved customer service for its Canadian operations back to Hamilton, Ontario, from Pittsburgh, according to sources familiar with the matter.

  • SDI closes books for some flat-rolled Jul 17, 2014

    Steel Dynamics Inc. (SDI) has closed its books for most flat-rolled products from its operations in Butler, Ind., and Jeffersonville, Ind., according to customer letters.

  • Steel shipments jump on strength in autos Jul 16, 2014

    The summer doldrums may be less dull than usual this year as service center shipments ramp up due to customer restocking and improved demand from the automotive sector.

  • West Coast structural tubing prices slide Jul 16, 2014

    West Coast structural steel tubing prices have fallen about $20 per ton ($1 per hundredweight) over the past six weeks, but demand appears to be holding up and preliminary dumping duties on imports of other tubular products have so far not scared off South Korea, the region’s largest offshore source.

  • Lawmakers claim imports pared OCTG profits Jul 16, 2014

    Domestic oil country tubular goods (OCTG) producers’ earnings have been crimped by dumped imports at a time when they should be booming, U.S. lawmakers said during a public hearing before the U.S. International Trade Commission (ITC) July 15.

  • Steel still on top despite Camry shift: SMDI Jul 16, 2014

    Automotive steel proponents said that the material is in wide use today and should remain so due to its superior cost-benefit breakdown, despite reports that Toyota Motor Corp. is intensifying the use of aluminum in its 2018 Camry.

  • Essar Steel Algoma to get $300M from parent Jul 16, 2014

    Essar Steel Algoma Inc. is slated to receive a $300-million cash infusion from its parent company to pay down debt and strengthen its balance sheet.

  • Ex-Harsco exec says US wrong country to try suit Jul 16, 2014

    A judge in Harsco Corp.’s trade secrets violation lawsuit is considering the defendants’ claim that the dispute would be more fitting for a courtroom in England rather than the United States.

  • Blaze knocks out power at High Steel plant Jul 16, 2014

    Full operations at one of High Steel Structures LLC’s plants in Lancaster, Pa., likely won’t resume until July 21 after the facility suffered an electrical fire that knocked out power to two fabrication bays, a company official said.

  • Commerce to name data chief Jul 16, 2014

    The U.S. Commerce Department will hire its first-ever chief data officer, but AMM has been told that no changes are in the works for metals-related data.

  • WTO decision draws mixed reviews Jul 15, 2014

    The World Trade Organization (WTO) panel rulings on China, India and the U.S. trade investigation system has drawn mixed reactions from industry observers.

  • Severstal selling N. America coal assets Jul 15, 2014

    OAO Severstal is selling its North American coal assets to Canada’s Corsa Coal Corp. for an enterprise value of $140 million.

  • Line pipe mart split on impact of OCTG ruling Jul 15, 2014

    Line pipe industry players are split on what impact duties imposed on imports of oil country tubular goods (OCTG) from nine countries will have on the market.

  • Ford, GM opt out of steel antitrust settlement Jul 15, 2014

    Ford Motor Co. and General Motors Co. have opted out of a multimillion-dollar legal settlement over claims that U.S. steelmakers unfairly fixed steel prices, although it is unclear why the automakers have denied themselves some initial compensation

  • Severstal wins approval to acquire MSC Jul 15, 2014

    A bankruptcy court judge has given the go-ahead to a deal under which Severstal US Holding LLC would acquire bankrupt RG Steel LLC’s stake in coke producer Mountain State Carbon LLC (MSC) for $30 million.

  • Stainless steel scrap pricing trends sideways Jul 15, 2014

    Stainless steel scrap prices were relatively stable this week due in part to steady London Metal Exchange nickel prices, with market participants noting comfortable supply-side dynamics amid a summer slowdown in activity.

  • US raw steel output jumps to one-year high Jul 15, 2014

    U.S. raw steel output jumped 2.7 percent last week to an estimated 1,903,000 net tons—the highest weekly production since mid-July last year

  • Pipe producer issues layoff notice Jul 15, 2014

    United Spiral Pipe LLC (USP) may lay off as many as 44 workers Aug. 16, according to documents filed with California’s Employment Development Department.

  • WTO sides with India in complaint against US Jul 14, 2014

    Indian steelmakers did not benefit from some government subsidies, contrary to claims by the United States, a World Trade Organization (WTO) panel ruled July 14.

  • Severstal NA sees prices dip, volumes jump Jul 14, 2014

    Severstal North America Inc. saw prices slip in the second quarter of 2014 despite increasing sales volumes.

  • Toyota to expand use of aluminum in Camry Jul 14, 2014

    Toyota Motor Corp. will dramatically expand the use of aluminum body panels and structures in its 2018 Camry, a major step in a global shift toward increased aluminum usage in cars and trucks.

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