Steel

  • US beam makers edgy over ArcelorMittal plan Dec 31, 2007

    The North American structural steel market is bracing for a new player whose presence seems sure to influence this industry’s future course, as ArcelorMittal SA looks to build its first beam mill in Canada.

  • US beam makers edgy over ArcelorMittal’s Canada mill plan Dec 31, 2007

    The North American structural steel market is bracing for a new player whose presence seems sure to influence this industry’s future course, as ArcelorMittal SA looks to build its first beam mill in Canada.

  • Steel’s bout in M&A arena not over yet Fitch Dec 31, 2007

    Fitch Ratings Inc., New York, expects further consolidation in the global steel industry in 2008 as producers seek to diversify geographically, rationalize production and gain additional access to raw materials.

  • O’Neal targets specialty alloys, joins two centers Dec 31, 2007

    Highlighting the drive toward service center consolidation, O’Neal Steel Inc., Birmingham, Ala., has merged two Ohio service centers it acquired in 2006, with the combined operation now known as United Performance Metals.

  • More steel industry consolidation on the way Fitch Dec 31, 2007

    Fitch Ratings Inc., New York, expects further consolidation in the global steel industry in 2008 as producers seek to diversify geographically, rationalize production and gain additional access to raw materials.

  • Plate specialist lifts PNA profile in Gulf markets Dec 28, 2007

    PNA Group Inc. has expanded its holdings in the Gulf Coast market with the acquisition of plate specialist Precision Flamecutting & Steel LLP.

  • Chinese steel exports could sink 20M tonnes in ’08 exec Dec 28, 2007

    Chinese steel exports, including semi-finished steel, are expected to fall 20 million tonnes in 2008, continuing a downward trend seen through the fourth quarter, according to Wu Xichun, former chairman of the China Iron and Steel Association (Cisa).

  • BlueScope forming vertical chain to fuel growth Finan Dec 28, 2007

    An expanded North American presence for Australia’s BlueScope Steel Ltd. would provide a strong platform for growth, a top executive at the Australian company’s Butler Manufacturing Co. subsidiary said in an interview with AMM.

  • BlueScope forming vertical chain to fuel growth Finan Dec 28, 2007

    An expanded North American presence for Australia’s BlueScope Steel Ltd. would provide a strong platform for growth, a top executive at the Australian company’s Butler Manufacturing Co. subsidiary said in an interview with AMM.

  • Toyota poised to take world No. 1 spot from GM [UPDATE] Dec 28, 2007

    Toyota Motor Corp., Japan’s largest automaker, appears poised to unseat General Motors Corp. as the world’s biggest-selling automaker in what could be another big hit to the brand image of the U.S. auto industry.

  • Algoma makes $132.9M prepayment under loan Dec 28, 2007

    Algoma Steel Inc., Sault Ste. Marie, Ontario, made a Canadian $130-million ($132.9-million) prepayment to UBS AG Dec. 28 under its term loan agreement.

  • W. Coast mills roll Jan. flat-roll prices into Feb. Dec 28, 2007

    West Coast producers of flat-rolled steel that pushed through $20- to $40-a-ton price hikes for January now appear likely to roll next month's prices into February, according to market sources.

  • OCTG slide shocks mart; China leads import surge Dec 27, 2007

    Spot prices for oil country tubular goods (OCTG) resumed their slide in December after largely holding steady the prior month, surprising some industry observers who had expected higher prices in the wake of lower imports in November and mill price hikes.

  • Steel imports plunge in Nov., 1st 11 months Dec 27, 2007

    U.S. steel imports totaled 2.1 million tonnes in November, down 17.8 percent from October and off 33.3 percent from November 2006, according to preliminary data released Thursday by the U.S. Census Bureau.

  • Most China exporters express relief at scope of tax increases Dec 27, 2007

    Chinese steel exporters expressed relief that the government’s latest steel export tax revisions were broadly in line with market expectations, but said some smaller producers could be hit hard by the changes.

  • Toyota poised to knock General Motors from No. 1 spot Dec 27, 2007

    Toyota Motor Corp., Japan’s largest automaker, appears poised to unseat General Motor Corp. as the world’s biggest-selling automaker in what could be another big hit to the brand image of the U.S. auto industry.

  • Federal-Mogul on doorstep of Ch. 11 exit Dec 27, 2007

    Auto parts supplier Federal-Mogul Corp. was expected to emerge from Chapter 11 bankruptcy protection Thursday after a six-year reorganization process.

  • SeverCorr ‘squeeze-out’ aimed at four top execs Dec 27, 2007

    The fate of up to four top executives of SeverCorr LLC, Columbus, Miss., could be known within a week as negotiations to resolve a management shakeup continue, sources said.

  • Costs, housing, China are wild cards for steel in ‘08 Moody’s Dec 27, 2007

    The outlook for the U.S. steel industry is relatively stable for 2008, but rising raw material costs and the spreading U.S. housing crisis cloud the horizon somewhat, according to a recent report by Moody’s Investors Service Inc.

  • Costs, housing, China are wild cards Moody’s Dec 27, 2007

    The outlook for the U.S. steel industry is relatively stable for 2008, but rising raw material costs and the spreading U.S. housing crisis cloud the horizon somewhat, according to a recent report by Moody’s Investors Service Inc.

  • US steel imports plunge in November Dec 27, 2007

    U.S. steel imports totaled 2.1 million tonnes in November, down 18 percent from October and off 33 percent from November 2006, according to preliminary data released Thursday by the U.S. Census Bureau.

  • WCI gets liquidity boost in revamped $150M credit accord Dec 27, 2007

    WCI Steel Inc., Warren, Ohio, has entered into an agreement to modify its $150-million credit facility with Harbinger Capital Partners Master Fund I, replacing WCI’s current bank group headed by Citigroup Inc. and including several other banks.

  • SeverCorr ‘squeeze out’ could hit four managers sources Dec 27, 2007

    The New Year appears set to herald a bang for SeverCorr LLC, Columbus, Miss., with ongoing negotiations that will likely result in management changes due to be finalized shortly after Jan. 1, according to industry sources.

  • Contract customers accept Sandvik strip hikes Dec 27, 2007

    Sandvik AB, Sandviken, Sweden, has completed its contract business, with price increases implemented in November now fully accepted by customers.

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