Steel RSS

  • Warren said restarting following deal with USS Mar 28, 2014

    Warren Steel Holdings LLC will resume steel melting after its executive team reportedly worked out a supply deal with U.S. Steel Corp.

  • Down year seen for tool steel market Mar 28, 2014

    Fewer new models from automakers will translate into a down year for the U.S. tool steel market, although medium- to long-term indicators bode better for the industry, according to Steel & Metals Market Research GmbH.

  • NW Pipe said near deal to sell OCTG operations Mar 28, 2014

    Northwest Pipe Co. is reportedly in the final stages of selling its oil country tubular goods (OCTG) assets in Bossier City, La., and Houston to energy tubulars trading firm SB International Inc., according to sources.

  • Merchant bar market awaits next price move Mar 28, 2014

    Merchant bar market participants are wondering whether mills will stick to their recent move away from following scrap prices in light of a possible pick-up in scrap tags next month.

  • Rebar market eyes boost in demand Mar 28, 2014

    U.S. concrete reinforcing bar market participants are waiting for domestic buying activity to pick up in April, when the weather is expected to improve and bring an increase in demand from the construction sector, market sources told AMM.

  • NLMK USA’s sales, revenue climb in 4th qtr. Mar 27, 2014

    NLMK USA’s sales volume and revenue improved in the fourth quarter due in part to stronger demand and higher pricing.

  • Worthington’s net income jumps 9.4% Mar 27, 2014

    Worthington Industries Inc.’s net income jumped 9.4 percent in its fiscal third quarter due in part to strong end markets despite severe winter weather that subdued much of its business, its top executive said.

  • Rebar prices face pressure: CMC chief Mar 27, 2014

    Commercial Metals Co.’s (CMC’s) domestic reinforcing bar prices came under pressure in its fiscal second quarter, due in part to an influx of Turkish imports, its top executive said.

  • Salzgitter hires ex-Stemcor trader Lewitsch Mar 27, 2014

    Salzgitter Mannesmann International (USA) Inc. has hired former Stemcor USA Inc. steel trader Paul Lewitsch, the company confirmed to AMM.

  • Influx of energy tubulars pressing market Mar 27, 2014

    The North American energy tubular market is being pressured by an increase in low-priced imports of the product, leading to such events as the recent shuttering of Energex Tube’s mill in Welland, Ontario, a local union representative said.

  • Veritas appoints chief executive Mar 27, 2014

    Bridge manufacturer Veritas Steel LLC has hired Tracy Glende as president and chief executive officer, the company said in a statement March 27.

  • Commerce sets dumping margin on S. Korean steel Mar 27, 2014

    In the final results of an anti-dumping duty administrative review of imports of corrosion-resistant carbon steel flat products from South Korea from Aug. 1, 2011, to Feb. 14, 2012, the U.S. Commerce Department’s International Trade Administration (ITA) has issued a weighted-average dumping margin of 7.64 percent for a number of companies, but determined that Hyundai Hysco Co. Ltd. did not sell merchandise at less than normal value and issued it a margin of zero.

  • OCTG prices hit year-to-date high Mar 27, 2014

    Oil country tubular goods (OCTG) prices rose in March to the highest levels this year despite market sentiment remaining flat since February.

  • Correction: Jury awards MM Steel $52M in antitrust case Mar 27, 2014

    Due to a reporting error, a story posted to AMM's website March 26 incorrectly included SSAB Enterprises LLC, doing business as SSAB Americas, in the list of defendants that a Texas court jury ruled against concerning alleged violation of federal and state antitrust laws.

  • Steel beam imports poised to rise in March Mar 26, 2014

    Steel beam imports were set to rise in March, up 25.1 percent from the prior month as Russia was due to make its largest appearance of the year in U.S. ports.

  • Jury awards MM Steel $52M in antitrust case Mar 26, 2014

    A Texas federal court jury has awarded MM Steel LP $52 million in its lawsuit against a group of large steel mills and service centers for allegedly conspiring to drive the Texas steel distributor out of business.

  • Lock Joint Tube plans expansion Mar 26, 2014

    Mechanical and structural tubing producer Lock Joint Tube LLC is planning to expand and add equipment, including a high-speed saw and galvanizing line, at its manufacturing facility in South Bend, Ind.

  • Kinder Morgan to build 213-mile pipeline Mar 26, 2014

    Kinder Morgan Energy Partners LP is planning a 213-mile, 16-inch pipeline from Apache County, Ariz., to its Cortez pipeline in Torrance County, N.M.

  • WTO rules for US in dispute vs China Mar 26, 2014

    The World Trade Organization (WTO) has sided with the United States in a dispute over export restrictions by China on tungsten, molybdenum and 17 rare earths elements, U.S. Trade Representative (USTR) Michael Froman said March 26.

  • Universal joins move to hike alloy prices Mar 26, 2014

    Universal Stainless & Alloy Products Inc. is increasing base prices by 5 percent effective April 1 on all new orders of premium melted grade products manufactured at the company’s facilities in Bridgeville, Pa., Dunkirk, N.Y., and North Jackson, Ohio.

  • Steel product imports pick up in Feb. Mar 25, 2014

    U.S. steel import business has been “steady” and “good,” particularly due to certain attractive offers overseas, including in Asian markets, one trader said.

  • Energex Tube to shutter Ontario operation Mar 25, 2014

    Energex Tube, JMC Steel Group Inc.’s energy tubular division, is idling its mill in Welland, Ontario, and laying off all the workers at the plant.

  • Alarm sounded at steel caucus hearing Mar 25, 2014

    A spring nor’easter wrapped the nation’s capital in a thin coat of snow Tuesday morning, but the temperature inside the Rayburn House Office Building was visibly elevated as an all-star cast of American steel executives and more than a dozen Congressional Steel Caucus members convened a hearing to address the “State of Steel: Spotlight on Trade, Energy and Currency Policy.”

  • Longhi slams S. Korean OCTG makers Mar 25, 2014

    U.S. Steel Corp.’s top executive criticized South Korean producers of oil country tubular goods (OCTG) at the Congressional Steel Caucus in Washington March 25.

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