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Obama pushes infrastructure plans

President Obama has signed an executive order aimed at speeding up major infrastructure projects by modernizing permitting practices and regulations, a move some say could benefit suppliers of steel and other structural components by getting backlogged construction projects off the ground sooner.
Truck carrying steel hit by train

A truck carrying steel sheet was struck by a train as it was leaving Nucor Corp.’s Vulcraft construction product facility in Fort Payne, Ala., early May 17, a Norfolk Southern Railroad spokeswoman told AMM.
Europe stainless makers split over surcharges

Acerinox SA chief executive officer Bernardo Velázquez Herreros believes that the European stainless alloy surcharge system "has passed away," although other stainless steel producers still see a future for the system.
Energex Tube scrapping some Lakeside assets

The city of Welland, Ontario, has issued five permits to JMC Steel Group Inc. subsidiary Energex Tube to demolish various former Lakeside Steel Inc. facilities.
NLMK USA logs slight sales bump

NLMK USA posted a slight boost in revenue in the first quarter compared with the final three months of 2012, but the outlook for the second quarter looks somewhat grimmer as increased steel supply and lower scrap tags threaten to weigh down steel prices, parent company Novolipetsk Steel said.

Bulk scrap export prices hit three-year low

U.S. East Coast bulk ferrous scrap export prices fell to a three-year low this past week as Turkish mill buyers continued to hammer down prices.
Former Sims employee seeks trial by jury

A former employee of Sims Group USA Corp. who filed a lawsuit against the company alleging wrongful termination, age discrimination, retaliation and conversion has asked for a jury trial.
Updated scrap bills heading to Mo. governor for approval

Missouri’s Senate has approved updated scrap metal legislation, which now heads to the desk of Gov. Jay Nixon for his signature.
China Armco’s 1st-qtr. sales fall 70.9%

China Armco Metals Inc.’s revenue took a hit in the first quarter as metal ore trading declined dramatically, although the company managed to narrow its net loss compared with the same year-ago period.
US scrap prices to India sink on slack demand

A near-standstill in demand for containerized ferrous scrap from India has sent U.S. containerized export prices to the country down significantly.

Constellium IPO expected within days

Constellium N.V. expects to price company shares May 22 in an estimated $400-million initial public offering (IPO), according to a company presentation.
VIDEO: Kennecott’s Bingham Canyon update

AMM's special correspondent Andrea Hotter ventures to the site of Kennecott Utah Copper’s Bingham Canyon Mine in the aftermath of last month's massive wall slide.
PXP shareholders OK Freeport deal

Freeport-McMoRan Copper & Gold Inc.’s previously announced acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets is expected to close May 31 after PXP shareholders approved the deal at a special meeting May 20.
GBC’s initial public offering may price this week

Global Brass & Copper Holdings Inc.’s (GBC’s) initial public offering (IPO) is likely to take place this week, according to a company presentation.
Felman plans to idle furnace, cut staff

Felman Production LLC will idle one of its three electric-arc furnaces May 31 and has already begun reducing its work force, citing a recent decline in silicomanganese prices as a primary factor for the cost-cutting.

Obama pushes infrastructure plans

President Obama has signed an executive order aimed at speeding up major infrastructure projects by modernizing permitting practices and regulations, a move some say could benefit suppliers of steel and other structural components by getting backlogged construction projects off the ground sooner.
Pipelines will flow despite delays: exec

While there are plenty of crude oil pipeline projects on the books, the permitting environment is a difficult one, keeping many of those projects from moving forward, according to a refinery operations executive.
Aluminum fence standard OK’d

ASTM International has approved a new specification for ornamental aluminum fence systems.
Hannah elected MSCI chairman

David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., Los Angeles, has been elected to a two-year term as chairman of the board at the Metals Service Center Institute (MSCI), effective July 1.
EV charging infrastructure to grow vastly by ’20: study

About 2.2 million charging stations for electric vehicles (EV) and plug-in hybrid vehicles will be built and shipped worldwide each year by 2020, a huge increase from an estimated 70,000 such stations shipped globally in 2011, according to a new research paper.

VIDEO: Kennecott’s Bingham Canyon mine update by Andrea Hotter

AMM's special correspondent Andrea Hotter ventures to the site of Kennecott Utah Copper’s Bingham Canyon Mine in the aftermath of last month's massive wall slide.
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A look back to see what’s next for OCTG

At the start of the new century, there were few signs that the oil country tubular goods (OCTG) market was about to do something historic. But a remarkable growth cycle started about a decade ago, fueled by technological innovation and increased energy demand.
AMM Aluminum Summit preview

AMM ’s third annual Aluminum Summit in June will offer analysts and executives from every step along the supply chain an opportunity to collaborate, address the challenges facing the industry, and seize the opportunities that domestic and global markets have to offer.
Commercial airliner demand keeps aerospace soaring

Despite a somewhat discouraging trend in the defense sector, global demand and investment are expected to maintain a profitable market climate.