http://www.amm.comhttp://feeds.feedburner.com/amm/GYQM©2013 www.amm.com60SteelMany U.S. steel producers have faced a challenging few years on the back of overcapacity and global economic malaise, but there are some reasons to be optimistic about the recovering region, several top executives said on a panel at the Steel Success Strategies XXVIII conference.http://www.amm.com/Article/3220867/Steel-executives-see-silver-linings-in-US.htmlWed, 19 Jun 2013 21:44:00 GMTGlobal steel production overcapacity will remain a problem until population growth spurs demand, panelists said June 18 at the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220861/Execs-say-mergers-wont-fix-steel-overcapacity.htmlWed, 19 Jun 2013 21:22:00 GMTNucor Corp. has increased its minimum base prices for steel sheet products effective immediately, it told customers in a June 19 letter. http://www.amm.com/Article/3220850/Nucor-confirms-base-price-increase.htmlWed, 19 Jun 2013 20:57:00 GMTAs much as 70 percent of today’s global steel industry is owned by government entities, distorting the basic fundamentals of a market-driven economy and leading to massive structural oversupply on a worldwide scale, according to Nucor Corp. executive chairman Daniel R. DiMicco. http://www.amm.com/Article/3220849/State-owned-steel-mills-distort-market-DiMicco.htmlWed, 19 Jun 2013 20:48:00 GMTPosco Ltd. is looking to innovate and offer solutions for customers in a global steel industry dogged by overcapacity, chairman and chief executive officer Chung Joonyang said in a keynote address at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and Englewood Cliffs, N.J.-based World Steel Dynamics Inc. http://www.amm.com/Article/3220848/Posco-to-innovate-in-light-of-steel-overcapacity-Chung.htmlWed, 19 Jun 2013 20:46:00 GMTSteel Dynamics Inc. (SDI) expects to post lower earnings for the second quarter, with a compression in profit margins offsetting increased sales volumes. http://www.amm.com/Article/3220830/SDI-expects-lower-earnings-in-2d-quarter.htmlWed, 19 Jun 2013 20:09:00 GMTSteel traders are adding services to cope with a still-recovering U.S. steel market in which the traditional back-to-back import business model doesn’t always work, members of the American Institute for International Steel (AIIS) said at an AMM-led roundtable at the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220793/Steel-traders-beef-up-service-offerings-in-recovering-mart.htmlWed, 19 Jun 2013 18:03:00 GMTWhile direct-reduced iron (DRI) is "what everyone is talking about," there are many misconceptions about the product, Bradford Research Inc. president Charles Bradford said June 18 on the sidelines of the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220786/Misconceptions-risks-surround-DRI-Bradford-says.htmlWed, 19 Jun 2013 17:52:00 GMTTaiwan’s China Steel Corp. plans to spend $62.46 million to acquire a 19-percent stake in Sakura Ferroalloys Sdn Bhd, a project in the Malaysian state of Sarawak, the company said June 19. http://www.amm.com/Article/3220667/China-Steel-investing-625M-in-Malaysia-ferroalloy-project.htmlWed, 19 Jun 2013 14:48:00 GMTU.S. and Canadian service centers recorded drops in both steel shipments and inventories in May as market players questioned the ability of domestic mills to stick to their guns on recently announced price moves. http://www.amm.com/Article/3220417/Buyers-question-mill-hikes-as-shipments-lag.htmlTue, 18 Jun 2013 23:37:00 GMTAlita USA is planning to spend $120 million to build a welded oil country tubular goods (OCTG) mill in the United States capable of producing 150,000 tonnes of finished product annually, according to president and chief executive officer Ali Hosseini. http://www.amm.com/Article/3220416/Alita-plans-120M-OCTG-mill-in-US.htmlTue, 18 Jun 2013 23:29:00 GMTSkyrocketing overcapacity in the steel sector continues to be one of the U.S. industry’s main challenges, particularly as weak trade laws and lax enforcement encourage many foreign mills to send unfairly traded volumes stateside, a top U.S. Steel Corp. executive said.http://www.amm.com/Article/3220402/Unfair-steel-imports-stalling-recovery-Longhi.htmlTue, 18 Jun 2013 22:36:00 GMTSteel importers must offer more risk management services to customers in order to compete with domestic suppliers, members of the board of the American Institute for International Steel (AIIS) said during an AMM-led roundtable at the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220396/Steel-importers-must-offer-added-value-AIIS.htmlTue, 18 Jun 2013 22:07:00 GMTChina’s steel industry is in a "calamitous situation" as its era of breakneck growth comes to an end and demand by 2015 "may not be much changed from 2013," an industry analyst said at the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220381/China-steel-industry-outlook-calamitous-WSD.htmlTue, 18 Jun 2013 21:00:00 GMTFlexSteel Pipeline Technologies Inc. says that demand for its line pipe products has grown this year despite a softer overall market. http://www.amm.com/Article/3220375/FlexSteel-pipe-demand-up-despite-mart-lull-exec.htmlTue, 18 Jun 2013 20:43:00 GMTAllied Tube & Conduit Corp.’s performance has improved so far this year across its end markets serving the nonresidential construction sector, although the sector’s overall recovery remains subdued, according to Steve Robins, vice president of strategic sourcing at parent company Atkore International Holdings Inc. http://www.amm.com/Article/3220371/Allieds-sales-up-but-recovery-subdued.htmlTue, 18 Jun 2013 20:31:00 GMTSteelmaking overcapacity could be addressed by an independent group that would assess which mills should be shuttered on the basis of national need and company performance, the top executive of Mexico’s largest integrated steel producer proposed. http://www.amm.com/Article/3220344/Assessor-could-cut-steel-overcapacity-Ahmsa.htmlTue, 18 Jun 2013 19:26:00 GMTTransportation and logistics providers are working to develop cost-saving innovations for the metals industry, several executives said during a workshop at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and World Steel Dynamics Inc. http://www.amm.com/Article/3220310/Transportation-providers-try-to-offer-savings.htmlTue, 18 Jun 2013 18:13:00 GMTNew technologies and cheaper energy are driving a revival in alternative iron units, such as direct-reduced iron (DRI) and hot-briquetted iron (HBI), according to panelists at the Steel Success Strategies XXVIII conference in New York. http://www.amm.com/Article/3220308/Cheaper-energy-sparking-rebirth-for-DRI-HBI.htmlTue, 18 Jun 2013 18:08:00 GMTNucor Corp.’s scrap surcharge on special bar quality (SBQ) products will remain unchanged in July at $10.50 per hundredweight ($210 per ton), the Charlotte, N.C.-based steelmaker said in a June 14 notice to customers. http://www.amm.com/Article/3220202/Nucor-SBQ-extra-stays-the-same.htmlTue, 18 Jun 2013 15:55:00 GMTJapan’s Topy Industries Ltd. is investing $13 million in a steel vehicle wheel plant in Mexico. http://www.amm.com/Article/3220146/Japans-Topy-Industries-sets-up-Mexico-steel-wheel-plant.htmlTue, 18 Jun 2013 15:04:00 GMTU.S. raw steel output totaled an estimated 1,870,000 net tons last week, up 1 percent from 1,851,000 tons the previous week, as mills operated at an average capability utilization rate of 78.1 percent. http://www.amm.com/Article/3220114/US-raw-steel-production-climbs-1-percent.htmlTue, 18 Jun 2013 14:24:00 GMTProceeds from ArcelorMittal SA’s sale of a 15-percent stake in its Canadian unit will be used to fund the expansion of its iron ore mining operations in Liberia, the company told AMM sister publication Steel First. http://www.amm.com/Article/3219842/ArcelorMittal-Canada-stake-sale-to-fund-Liberia-growth.htmlMon, 17 Jun 2013 23:50:00 GMTThe North Carolina Senate is set to vote on a bill that will determine the use of certain green building rating systems in the state.http://www.amm.com/Article/3219837/N-Carolina-to-vote-on-LEED-regulations.htmlMon, 17 Jun 2013 23:37:00 GMTThe majority of flat and long steel traders expect U.S. imports to hold steady or decline over the next two months, according to an American Institute for International Steel (AIIS) survey. http://www.amm.com/Article/3219803/Steel-imports-remain-flat-to-down-AIIS.htmlMon, 17 Jun 2013 23:22:00 GMTU.S. mills shipped some 7.98 million net tons of steel in April, up 0.7 percent from 7.92 million net tons the previous month but down 3.2 percent from 8.25 million net tons in the year-ago period, according to data from the American Iron and Steel Institute.http://www.amm.com/Article/3219798/Steel-mill-shipments-dip-year-on-year-in-April-AISI.htmlMon, 17 Jun 2013 22:42:00 GMTAK Steel Corp. expects to post a bigger second-quarter net loss due to a planned blast furnace outage at one of its facilities, lower selling prices for carbon flat-rolled products and several tax expenses. However, the company expects pricing to improve in coming months. http://www.amm.com/Article/3219779/AK-Steel-expects-bigger-quarterly-loss.htmlMon, 17 Jun 2013 21:54:00 GMTFriedman Industries Inc.’s net income fell in its fiscal year ended March 31 on the back of a sharp drop in fourth-quarter earnings. http://www.amm.com/Article/3219787/Friedman-sales-net-income-down-sharply-for-fiscal-year.htmlMon, 17 Jun 2013 21:53:00 GMTSpecialty and stainless steel alloy producer Electralloy will temporarily shut down its Oil City, Pa., melt shop and Titusville, Pa., wrought products facility from July 21 to July 28 for annual maintenance. http://www.amm.com/Article/3219777/Electralloy-sets-maintenance-at-Pa-sites.htmlMon, 17 Jun 2013 21:24:00 GMTSeverstal North America Inc. has introduced new firm pricing options for quarterly and six-month spot buying of sheet products. http://www.amm.com/Article/3219776/Severstal-offers-firm-price-options-hikes-tags.htmlMon, 17 Jun 2013 21:17:00 GMTThe United States and several other countries have agreed to work with the West African country of Guinea to improve transparency in its extractive industries. http://www.amm.com/Article/3219766/US-Guinea-partner-on-mining-sector-transparency.htmlMon, 17 Jun 2013 20:57:00 GMTThe West Coast has joined the latest round of flat-rolled steel price hikes, with California Steel Industries Inc. (CSI) raising tags effective June 14. http://www.amm.com/Article/3219747/CSI-joins-flat-rolled-steel-hike.htmlMon, 17 Jun 2013 20:20:00 GMTMexico’s Super Diesel SA de CV (Sudisa) has named Luxembourg-based Tenaris SA an "excellent supplier for 2012" for its on-time deliveries of defect-free material as well as its quantity compliance. http://www.amm.com/Article/3219716/Sudisa-honors-Tenaris-as-supplier.htmlMon, 17 Jun 2013 18:18:00 GMTPrices for metal scrap, ores and primary metal products all fell last month with the exception of titanium, the latest Bureau of Labor Statistics report shows. http://www.amm.com/Article/3219597/Titanium-bucks-trend-as-May-metal-price-indices-decline.htmlMon, 17 Jun 2013 15:59:00 GMTThe number of drill rigs running in the United States increased by six last week.http://www.amm.com/Article/3219579/Drilling-increases-in-US-Canada.htmlMon, 17 Jun 2013 15:41:00 GMTThe number of Brazilian anti-dumping investigations involving China is expected to rise over the next few years as local companies become "more aware" of their trade defense options. http://www.amm.com/Article/3219569/Brazilian-anti-dumping-cases-vs-China-set-to-rise.htmlMon, 17 Jun 2013 15:23:00 GMTPrimary metals producers saw both capacity utilization and output fall in May, while fabricators’ activity remained flat compared with April. http://www.amm.com/Article/3219552/Metal-producers-slower-in-May-vs-April-fabricators-flat.htmlMon, 17 Jun 2013 15:00:00 GMTCascade Steel Rolling Mills Inc., a subsidiary of Schnitzer Steel Industries Inc., escaped any damage from a tornado that struck McMinnville, Ore., June 13, according to Rich Leipfert, the city’s fire chief. http://www.amm.com/Article/3219248/Tornado-misses-Cascade-Steel.htmlSat, 15 Jun 2013 00:20:00 GMTTenaris SA’s new seamless oil country tubular goods mill in Bay City, Texas, has been approved for an incentive package by the state’s Matagorda County. http://www.amm.com/Article/3219245/Tenaris-nabs-incentives-for-new-Texas-facility.htmlFri, 14 Jun 2013 22:48:00 GMTThe U.S. Commerce Department’s International Trade Administration (ITA) has issued an affirmative preliminary determination on imports of silica bricks and shapes from China. http://www.amm.com/Article/3219239/Commerce-sets-dumping-duties-on-silica-bricks.htmlFri, 14 Jun 2013 22:13:00 GMTMore domestic steel mills are said to have increased base prices on sheet products in a move sources predict will help bring in buyers off the sidelines.http://www.amm.com/Article/3219229/More-US-steel-mills-follow-sheet-hikes.htmlFri, 14 Jun 2013 21:27:00 GMTThe Canadian International Trade Tribunal has opened an investigation into whether the alleged dumping of cold-drawn carbon or alloy galvanized wire from China, Israel and Spain and the alleged subsidy of the same product from China is causing injury to the Canadian industry. http://www.amm.com/Article/3219223/Canada-launches-probe-on-galvanized-wire-imports.htmlFri, 14 Jun 2013 21:11:00 GMTSteel trader Duferco SA and U.S. subsidiary Duferco Steel Inc. have sued the vessel M/V Blue Ocean for allegedly failing to discharge a shipment of steel wire rod from China when it arrived at the Port of Houston. http://www.amm.com/Article/3219233/Duferco-sues-for-undischarged-wire-rod.htmlFri, 14 Jun 2013 21:08:00 GMTSpot prices for most special bar quality (SBQ) products have slipped slightly this month compared with May amid short lead times, plentiful inventories, stable input costs and languishing demand outside of automotive, buyer sources told AMM. http://www.amm.com/Article/3219216/SBQ-prices-dip-slightly-as-order-entry-dries-up.htmlFri, 14 Jun 2013 20:57:00 GMTHollow structural sections (HSS) mills are raising prices, but not in a uniform manner, market sources told AMM. http://www.amm.com/Article/3219182/HSS-prices-move-up-but-mills-split-on-how-much.htmlFri, 14 Jun 2013 19:37:00 GMTOutput at ThyssenKrupp Cia. Siderúrgica do Atlântico Ltda.’s (CSA’s) 5-million-tonne-per-year slab plant in Brazil’s Rio de Janeiro state has been affected by problems at one of its blast furnaces. http://www.amm.com/Article/3219128/TK-slab-mill-faces-blast-furnace-issues-in-Brazil.htmlFri, 14 Jun 2013 17:27:00 GMTNLMK USA is increasing base prices for all steel sheet products by $30 per ton effective immediately, it told customers in a June 14 letter, citing improved demand and extended lead times.http://www.amm.com/Article/3219048/NLMK-USA-hikes-steel-sheet-prices.htmlFri, 14 Jun 2013 16:37:00 GMTHickman, Williams & Co. president and chief executive officer William A. Snyder plans to retire Oct. 1. He will be succeeded by David Gelwicks, chief operating officer and vice president. http://www.amm.com/Article/3219028/Gelwicks-to-succeed-Snyder-at-helm-of-Hickman-Williams.htmlFri, 14 Jun 2013 16:10:00 GMTCliffs Natural Resources Inc. has extended its iron ore pellet sales contract with Sault Ste. Marie, Ontario, flat steel producer Essar Steel Algoma Inc. to 2024. The agreement had been due to expire in 2016. http://www.amm.com/Article/3219006/Cliffs-Algoma-extend-iron-ore-pellet-deal.htmlFri, 14 Jun 2013 15:52:00 GMTArcelorMittal SA has appointed Bill Scotting as chief executive officer of its mining business. He replaces Peter Kukielski, who has resigned. http://www.amm.com/Article/3218994/ArcelorMittal-appoints-Scotting-mining-chief.htmlFri, 14 Jun 2013 15:31:00 GMTSteel producers in Turkey hope that a possible recovery in raw material prices will trigger a similar uptick in the finished steel market, if only in sentiment. http://www.amm.com/Article/3218618/Scrap-price-bounce-may-boost-steel-Irepas.htmlThu, 13 Jun 2013 22:53:00 GMTTwo domestic mills have raised fence prices as a result of a strengthening flat-rolled steel market. http://www.amm.com/Article/3218603/Wheatland-Allied-hike-fence-product-prices.htmlThu, 13 Jun 2013 21:39:00 GMTAllied Tube & Conduit Corp. has reshuffled its executive team. http://www.amm.com/Article/3218588/Allied-Tube-and-Conduit-makes-management-changes.htmlThu, 13 Jun 2013 21:20:00 GMTAt least two major domestic steel mills have increased published sheet prices in a move that market players expect will gain industrywide support. http://www.amm.com/Article/3218548/Second-round-of-flat-rolled-steel-hikes-begins.htmlThu, 13 Jun 2013 19:49:00 GMTNucor Corp. said it expects to see its second-quarter earnings hold largely unchanged from the first quarter but decline from the year-ago period as weak performance in the sheet and structural steel markets is partially offset by stronger plate and raw materials sectors. http://www.amm.com/Article/3218530/Nucor-predicts-year-on-year-earnings-decline.htmlThu, 13 Jun 2013 19:05:00 GMTWebco Industries Inc. posted a sharp drop in sales and earnings in its fiscal third quarter as it once again experienced lower volume, a less-favorable product mix and weak spot pricing. http://www.amm.com/Article/3218504/Webco-posts-another-sharp-decline-in-quarterly-results.htmlThu, 13 Jun 2013 18:00:00 GMTThe U.S. International Trade Commission voted in the affirmative in a five-year sunset review of anti-dumping duties on steel concrete reinforcing bar from seven nations. http://www.amm.com/Article/3218485/ITC-votes-to-keep-dumping-duties-on-rebar.htmlThu, 13 Jun 2013 17:45:00 GMTChina’s finished steel exports totaled 5.41 million tonnes in May, down 2.5 percent month on month from 5.55 million tonnes, according to preliminary Chinese customs data. http://www.amm.com/Article/3218423/Chinas-finished-steel-exports-fall-25-in-May-vs-April.htmlThu, 13 Jun 2013 16:06:00 GMTThe Brazilian government has ended an anti-dumping investigation into imports of refractory materials from the United States due to insignificant import volumes. http://www.amm.com/Article/3218356/Brazil-concludes-probe-vs-refractory-materials-from-US.htmlThu, 13 Jun 2013 15:08:00 GMTVallourec SA held the official opening of its new small-diameter oil country tubular goods (OCTG) mill in Youngtown, Ohio, June 12. http://www.amm.com/Article/3218085/Vallourec-marks-opening-of-new-OCTG-mill.htmlWed, 12 Jun 2013 22:07:00 GMTU.S. sheet market participants continue to report stable buying activity this week, but some are wary about the onset of the traditional summer slowdown. http://www.amm.com/Article/3218068/Steel-sheet-market-wary-of-summer-slowdown.htmlWed, 12 Jun 2013 21:40:00 GMTUniversal Stainless & Alloy Products Inc. has attained heat-treat accreditation at its Dunkirk, N.Y., specialty steel facility from the National Aerospace and Defense Contractors Accreditation Program (Nadcap). http://www.amm.com/Article/3218066/Universals-NY-plant-Nadcap-accredited.htmlWed, 12 Jun 2013 21:36:00 GMTA union pension fund is suing RG Steel Holdings LLC for some $6.34 million related to pension payments around the time of the defunct steelmaker’s bankruptcy. http://www.amm.com/Article/3218022/Union-pension-fund-sues-RG-for-634-million.htmlWed, 12 Jun 2013 20:30:00 GMTTraders selling foreign hot-rolled steel into the U.S. market are hoping that the recent price increases by U.S. mills, coupled with domestic labor issues and outages, will revive the lackluster importing sector. http://www.amm.com/Article/3217994/Hot-rolled-imports-halt-as-cold-rolled-flows-in.htmlWed, 12 Jun 2013 19:14:00 GMTThe U.S. International Trade Commission is scheduled to vote June 13 in a five-year review of anti-dumping duties on steel concrete reinforcing bar from seven countries. http://www.amm.com/Article/3217989/ITC-to-vote-in-rebar-dumping-review.htmlWed, 12 Jun 2013 19:00:00 GMTMexican long steel products producer Deacero SA de CV plans to inaugurate its new plant in the northern state of Coahuila soon. http://www.amm.com/Article/3217938/Deacero-nears-inauguration-of-new-steel-plant-in-Mexico.htmlWed, 12 Jun 2013 17:29:00 GMTBrazilian pig iron exports plummeted to 100,130 tonnes in May, down 55.9 percent year on year from 227,062 tonnes, due to a weaker international market for the scrap substitute product, according to data from the country’s foreign trade ministry, MDIC. http://www.amm.com/Article/3217879/Brazil-pig-iron-exports-slide-559-year-on-year-in-May.htmlWed, 12 Jun 2013 16:45:00 GMTMichael T. Rehwinkel will retire as president and chief executive officer of Evraz Inc. North America effective July 1, the steelmaker said June 11.http://www.amm.com/Article/3217609/Evraz-NAs-Rehwinkel-to-retire-Winkler-tapped.htmlTue, 11 Jun 2013 23:52:00 GMTThe structural steel market continues to tread sideways, with most buyers anticipating a holding pattern through the third quarter and possibly until the end of the year. http://www.amm.com/Article/3217605/Steel-beam-demand-said-in-holding-pattern.htmlTue, 11 Jun 2013 23:23:00 GMTThe Commerce Department’s International Trade Administration (ITA) has initiated an anti-dumping duty investigation into imports of welded stainless pressure pipe from Malaysia and Thailand from April 1, 2012, to March 31, 2013, and from Vietnam from Oct. 1, 2010, to March 31, 2013. http://www.amm.com/Article/3217604/ITA-launches-probe-of-stainless-pressure-pipe-imports.htmlTue, 11 Jun 2013 23:14:00 GMTThe Commerce Department’s International Trade Administration (ITA) has issued the final results of an anti-dumping duty administrative review of imports of circular-welded nonalloy steel pipe from South Korea from Nov. 1, 2010, to Oct. 31, 2011. http://www.amm.com/Article/3217602/ITA-assesses-dumping-margins-on-Korean-steel-pipe.htmlTue, 11 Jun 2013 23:11:00 GMTPurchasing managers indicate that the steel sheet market is inching toward recovery, with destocking reportedly on the decline and mills’ efforts to raise hot-rolled sheet prices said to be gaining some spotty traction. http://www.amm.com/Article/3217601/Steel-destocking-slows-as-sheet-prices-inch-up.htmlTue, 11 Jun 2013 23:07:00 GMTThe Federal Motor Carrier Safety Administration has renewed the Flatbed Carrier Safety Group’s exemption allowing specific methods for securing metal coils.http://www.amm.com/Article/3217597/Rule-on-securing-metal-coils-likely-to-stand.htmlTue, 11 Jun 2013 22:45:00 GMTNorth American Energy Partners Inc. (NAEP) is selling its piling business to Keller Group Plc for net proceeds of about Canadian $210 million ($206.1 million). http://www.amm.com/Article/3217595/NAEP-sells-piling-business-to-Keller-Group-for-206M.htmlTue, 11 Jun 2013 22:40:00 GMTMichigan Steel Inc.’s assets and real estate are slated for auction July 10 after the foundry went into default earlier this year. http://www.amm.com/Article/3217592/Michigan-Steel-assets-slated-for-auction.htmlTue, 11 Jun 2013 22:23:00 GMTJMC Steel Group Inc. held an official opening ceremony June 11 for its Sharon Tube Co. subsidiary in Wheatland, Pa. http://www.amm.com/Article/3217589/JMC-celebrates-Sharon-Tubes-official-opening.htmlTue, 11 Jun 2013 22:13:00 GMTConsumer and broker/processor buying prices for 300-series stainless scrap have fallen again as market participants brace for a particularly slow summer. http://www.amm.com/Article/3217583/Stainless-scrap-prices-lose-more-ground.htmlTue, 11 Jun 2013 21:54:00 GMTInternational trading house Steelcom S.A.M. is growing its steel trading business in the United States to take advantage of expanding pipe and tube demand amid the shale gas boom, the company’s top executive told AMM. http://www.amm.com/Article/3217584/Trader-Steelcom-enters-US-pipe-and-tube-arena.htmlTue, 11 Jun 2013 21:48:00 GMTTimken Co., whose shareholders voted last month in favor of a nonbinding proposal to spin off its steel business from its other business units, has formed a strategy committee to evaluate the possibility and to review the company’s corporate governance and capital-allocation strategy. http://www.amm.com/Article/3217570/Timken-committee-to-evaluate-steel-spinoff.htmlTue, 11 Jun 2013 21:38:00 GMTIndustry veteran John Foster’s Partners in Steel International LLC has teamed up with a consortium of investors, including trading house Kurt Orban Partners, to form a special bar quality (SBQ) distribution company aimed at serving the energy, automotive, capital equipment and agricultural sectors. http://www.amm.com/Article/3217553/Kurt-Orban-investors-create-SBQ-firm.htmlTue, 11 Jun 2013 20:42:00 GMTAlpha Natural Resources Inc. has idled its mine in Boone County, W.Va., due to challenging market conditions and weak metallurgical coal demand. http://www.amm.com/Article/3217521/Alpha-idles-W-Virginia-coal-mine-on-demand-weakness.htmlTue, 11 Jun 2013 19:19:00 GMTLong steel imports into Brazil fell by 16 percent year on year in May to less than 60,000 tonnes.http://www.amm.com/Article/3217520/Brazils-long-steel-imports-fall-below-60000-tonnes-in-May.htmlTue, 11 Jun 2013 19:12:00 GMTU.S. raw steel output totaled an estimated 1,851,000 net tons last week, up 0.4 percent from 1,844,000 tons the previous week, as mills operated at an average capability utilization rate of 77.3 percent. http://www.amm.com/Article/3217436/US-raw-steel-production-inches-up-04.htmlTue, 11 Jun 2013 17:20:00 GMTJapanese steel demand is showing more signs of heading for recovery, with manufacturing sector orders rising in April. http://www.amm.com/Article/3217418/Japan-manufacturers-steel-orders-up.htmlTue, 11 Jun 2013 16:47:00 GMTSteel slab exports from Brazil fell by more than 50 percent year on year in May, according to figures from the country’s foreign trade ministry, MDIC. http://www.amm.com/Article/3217356/Brazils-slab-billet-exports-tumble-in-May.htmlTue, 11 Jun 2013 15:32:00 GMTMidwest ferrous scrap prices outperformed pre-trading speculation this month as late cues from steel mills offered glimpses of a better market. http://www.amm.com/Article/3217063/Ferrous-Scrap-Index-drops-less-than-expected.htmlMon, 10 Jun 2013 23:18:00 GMTMinimum prices for imported Russian hot-rolled steel under the suspension agreement have fallen 5.04 percent, the third consecutive quarterly decline. http://www.amm.com/Article/3217053/Russian-suspension-agreement-prices-fall.htmlMon, 10 Jun 2013 22:45:00 GMTU.S. Steel Corp. has made a number of executive management appointments effective July 1, the company said June 10. http://www.amm.com/Article/3217051/US-Steel-appoints-several-new-executives.htmlMon, 10 Jun 2013 22:29:00 GMTMembers of the United Steelworkers union at U.S. Steel Corp.’s tubular operations in McKeesport, Pa., ratified a new labor contract by a two-to-one margin June 7, a union spokesman told AMM. http://www.amm.com/Article/3217044/US-Steel-workers-ratify-McKeesport-plant-contract.htmlMon, 10 Jun 2013 21:23:00 GMTPrimary stainless steel prices have eased further in recent weeks on the back of lower surcharges, with market participants reporting shorter lead times moving into the summer. http://www.amm.com/Article/3216972/Primary-stainless-prices-cede-more-ground.htmlMon, 10 Jun 2013 18:41:00 GMTNorth American coal producer Corsa Coal Corp. sold 83,000 tons of clean metallurgical coal in its fiscal second quarter, bringing its year-to-date sales to 119,000 tons. http://www.amm.com/Article/3216964/Corsa-sells-83000T-of-clean-met-coal-during-fiscal-2d-qtr.htmlMon, 10 Jun 2013 18:16:00 GMTMerchant pig iron producers from Brazil’s northern region of Carajás have closed an export deal with a Mexican buyer at $408 per tonne c.f.r., a well-placed source told AMM sister publication Steel First June 7. http://www.amm.com/Article/3216924/Carajs-producers-close-pig-iron-sale-with-Mexican-buyer.htmlMon, 10 Jun 2013 17:38:00 GMTBrazilian miner Vale SA remains optimistic about the likelihood of China accepting its Valemax vessels despite setbacks, a company executive said June 10. http://www.amm.com/Article/3216914/Vale-still-upbeat-on-China-giving-Valemax-nod.htmlMon, 10 Jun 2013 17:27:00 GMTThe Mexican Secretariat of Economy has opened an anti-dumping investigation into imports of galvanized wire mesh from China. http://www.amm.com/Article/3216885/Mexico-starts-anti-dumping-probe-vs-Chinese-mesh.htmlMon, 10 Jun 2013 16:42:00 GMTThe number of drill rigs running in the United States fell by six last week.http://www.amm.com/Article/3216842/US-drilling-slips-Canada-rises.htmlMon, 10 Jun 2013 16:01:00 GMTEsmark Steel Group LLC, Chicago Heights, Ill., has entered into an agreement with Partners in Steel International LLC to sell its special bar quality (SBQ) assets as the service center effectively exits the steel bar business. http://www.amm.com/Article/3216545/Esmark-Partners-in-Steel-sign-SBQ-deal.htmlFri, 07 Jun 2013 23:04:00 GMTU.S. plate tags have continued to soften on the back of increased foreign competition, shortened domestic lead times and uncertainty heading into the typically slower summer months, sources say. http://www.amm.com/Article/3216543/Steel-plate-prices-soften-as-summer-comes-early.htmlFri, 07 Jun 2013 22:25:00 GMTUnionized workers at Max Aicher North America Inc.’s idled Hamilton, Ontario, threaded bar mill have voted against a new labor deal by an overwhelming majority.http://www.amm.com/Article/3216517/MANA-union-at-Ontario-bar-mill-nixes-labor-deal.htmlFri, 07 Jun 2013 20:22:00 GMTThe Commerce Department’s International Trade Administration (ITA) has issued a weighted-average dumping margin of 0.63 percent in a preliminary anti-dumping duty administrative review of imports of stainless steel plate in coil from Belgium from May 1, 2011, to April 30, 2012, by Aperam Stainless Belgium NV and affiliate Aperam Stainless Services & Solutions USA.http://www.amm.com/Article/3216513/Commerce-sets-duty-on-stainless-plate-in-coil-imports.htmlFri, 07 Jun 2013 20:09:00 GMTThe U.S. International Trade Commission affirmed June 7 that there is reasonable indication that imports of prestressed concrete steel rail tie wire from China, Mexico and Thailand could cause injury to the domestic industry. http://www.amm.com/Article/3216509/ITC-says-steel-rail-tie-wire-imports-hurting-US-industry.htmlFri, 07 Jun 2013 20:05:00 GMT