Steelhttp://www.amm.com©2014 www.amm.com60SteelIce, subzero temperatures hobble iron ore shipmentsIron ore shipments plunged in March as "massive" ice formations and subzero temperatures caused big delays across the Great Lakes, according to the Lake Carriers’ Association., 17 Apr 2014 17:50:00 GMTSDI's net income down 20% in 1st qtr.Severe winter weather took a toll on Steel Dynamics Inc. (SDI) in the first quarter, as the company saw net income slide 20 percent despite a 1.9-percent increase in sales compared with the same period last year., 16 Apr 2014 23:33:00 GMTSenate staff meet on OCTG caseStaff members of the Commerce Department’s International Trade Administration (ITA) met with staff from 19 U.S. senators to discuss the ongoing anti-dumping and subsidy investigation on imports of oil country tubular goods (OCTG) from nine countries., 16 Apr 2014 22:27:00 GMTStainless hikes to stick, with NAS or not: martStainless steel prices could be in line for further gains, distributor sources said, as others expressed confidence that producer increases announced for May could hold even if North American Stainless Inc. (NAS) fails to jump on board., 16 Apr 2014 21:58:00 GMTBoth sides in Turkey trade case fire final shotsAs a preliminary decision by the U.S. Commerce Department’s International Trade Administration (ITA) draws near in an anti-dumping case on rebar from Turkey and Mexico, both sides have made final public claims to support their positions., 16 Apr 2014 21:37:00 GMTIce curbs Essar Algoma iron ore shipmentsIron ore shipments to Essar Steel Algoma Inc. have been delayed by ice on Lake Superior, a company spokeswoman told AMM., 16 Apr 2014 21:11:00 GMTEvraz NA's flat-rolled output falls in 1st qtr.Evraz Inc. North America’s first-quarter flat-rolled product output fell 27 percent to 154,000 tonnes from 211,000 tonnes in the previous quarter due to the suspension of its Claymont, Del., plate mill and scheduled maintenance work at its Portland, Ore., facility., 16 Apr 2014 20:47:00 GMTFinish trade talks without Japan: SSINAU.S. Trade Representative Michael B. Froman should "swiftly conclude negotiations to establish the TPP free-trade agreement without further participation by Japan," the SSINA said in a letter dated April 15., 16 Apr 2014 18:52:00 GMTWest Coast tube buyers expecting hikeWest Coast buyers of structural steel tubing expect local producers to increase prices soon but are viewing this probability with little enthusiasm in a market where demand has yet to show signs of a significant pickup., 15 Apr 2014 22:24:00 GMTAK Steel raising stainless itemsAK Steel Corp. is raising prices all stainless product prices effective May 4, it said April 15., 15 Apr 2014 20:06:00 GMTExlTube follows Bull Moose price hikeExlTube Co. has raised prices for all square, rectangular and round hollow structural sections (HSS) and mechanical tubing products by $40 per net ton effective with shipments May 9, it said in an April 15 letter to customers., 15 Apr 2014 18:28:00 GMTNW Pipe executive exits full-time roleNorthwest Pipe Co. executive Gary Stokes has resigned as senior vice president of marketing and sales for the company’s water transmission group., 15 Apr 2014 16:19:00 GMTUS raw steel production steps up by 1.3%U.S. raw steel output totaled an estimated 1,785,000 net tons last week, up 1.3 percent from 1,762,000 tons the previous week, as mills operated at an average capacity utilization rate of 74.2 percent., 15 Apr 2014 14:26:00 GMTGM yet to jump on aluminum bandwagonGeneral Motors Co. has concerns about durability and corrosion when it comes to potentially increased aluminum use in trucks., 15 Apr 2014 01:49:00 GMTUSS problems could bolster short-term pricesU.S. Steel Corp.’s declaration of force majeure at its Great Lakes Works, and production cuts at its Gary Works could squeeze an already tight flat-rolled steel market as a recent round of price increases kicks in., 14 Apr 2014 23:17:00 GMTPacific Steel Casting eyeing early summer salePacific Steel Casting Co. expects to be sold by "early summer," a spokeswoman for the foundry told AMM., 14 Apr 2014 22:30:00 GMTTube market mulls implications of price hikeU.S. structural tubing mills have taken a variety of approaches to a recent price increase, with market participants trying to figure out what the implications might be., 14 Apr 2014 20:05:00 GMTWheatland Tube sets $35M for plant expansionWheatland Tube Co. is spending $35 million to expand its Wheatland, Pa., facility, parent company JMC Steel Group Inc. said in a statement April 14., 14 Apr 2014 19:31:00 GMTATI increasing stainless, alloy base pricesAllegheny Technologies Inc. is increasing various product prices for May., 14 Apr 2014 18:05:00 GMTAmerican Tube follows price increaseAmerican Tube Manufacturing Inc. has raised prices by $40 per ton effective April 11., 14 Apr 2014 16:42:00 GMTUS, Canadian drilling divergeThe number of drill rigs running in the United States rose by 13 last week., 14 Apr 2014 15:16:00 GMTUSS’ Great Lakes Works declares force majeureU.S. Steel Corp. has declared force majeure on shipments from its Great Lakes Works in Ecorse, Mich., due to a number of unanticipated events, it said in a letter to its automotive contract customers., 11 Apr 2014 23:19:00 GMTBar market split on possibility of hikes on scrap price gainsRebar and merchant bar sources are split on the likelihood of price increases in those markets after a rise in scrap tags this month that has since led to a $20-per-ton ($1-per-hundredweight) wire rod increase by most U.S. mills., 11 Apr 2014 23:00:00 GMTAtlas, Hanna raise tubing $40/T Atlas Tube Inc., a subsidiary of Chicago-based JMC Steel Group Inc., and Hanna Steel Corp have announced plans to raise tubing prices by $40 per ton effective immediately,, 11 Apr 2014 22:59:00 GMTCemco looking to offset steel cost squeezeCalifornia Expanded Metal Products Co. (Cemco) is looking to boost steel framing prices by 5 to 10 percent April 21, as it moves to ease a cost-price squeeze created by rising galvanized sheet tags., 11 Apr 2014 22:50:00 GMTUSS-Posco rejigs its marketing staffUSS-Posco Industries Inc. (UPI) has realigned its sales and marketing staff, the company said in a notice to customers and employees., 11 Apr 2014 22:33:00 GMTOlympic Steel promotes executivesOlympic Steel Inc. has promoted Stephen Reyes to vice president of sales and marketing for flat-rolled products., 11 Apr 2014 22:29:00 GMTPlate market steady but imports threatenThe steel plate market continues to be even-keeled, sources indicate, although wariness about import pressure has some mills starting to become concerned again., 11 Apr 2014 20:42:00 GMTManufacturing Council meeting plannedThe U.S. Commerce Department’s Manufacturing Council will meet April 29 to consider proposed recommendations for work force development best practices; strategies to address misconceptions of manufacturing careers; innovation, research and development in manufacturing; and manufacturing energy policy., 11 Apr 2014 17:11:00 GMTCommerce delays decision on steel wire rod importsThe U.S. Commerce Department’s International Trade Administration (ITA) has postponed to June 30 its preliminary determination in a countervailing duty investigation of imports of carbon and alloy steel wire rod from China., 11 Apr 2014 17:01:00 GMTMaruichi hiking pipe productsMaruichi Leavitt Pipe & Tube LLC is increasing prices on all products and size ranges by $40 per ton ($2 per hundredweight) effective with orders received after the start of business April 11., 11 Apr 2014 15:24:00 GMTArcelorMittal joins wire rod hikeArcelorMittal Long Carbon North America is increasing wire rod prices by $20 ton ($1 per hundredweight) effective with shipments May 1, it said in an April 10 letter to customers., 11 Apr 2014 15:18:00 GMTSheet market mixed on price directionMarket participants are mixed over where flat-rolled prices will settle after a round of increases late last week, with buyers and sellers expressing uncertainty on how long the market will remain tight., 10 Apr 2014 21:53:00 GMTGreat Lakes shipping delays seen continuingShipments of iron ore and coal on the Great Lakes will likely remain delayed in April due to fallout from severe winter weather, Glen G. Nekvasil, vice president of the Lake Carriers’ Association, told AMM., 10 Apr 2014 21:25:00 GMTCarTech sees lower profits amid higher weather costsCarpenter Technology Corp. said it expects its fiscal third-quarter earnings to be in a range of 54 to 58 cents per diluted share, 10 cents lower than previously forecast due to higher energy costs and lower-than-expected sales of specialty alloys., 10 Apr 2014 20:25:00 GMTSTI names Anderson HSS directorThe Steel Tube Institute (STI) has appointed Joseph Anderson hollow structural sections (HSS) director, replacing Mark Bula., 10 Apr 2014 16:58:00 GMTTyco sells remaining Atkore stakeTyco International Ltd. has sold the last of its stake in Harvey, Ill.-based Atkore International Holdings Inc., parent of Allied Tube & Conduit Corp., for about $250 million, according to a company statement., 10 Apr 2014 16:22:00 GMTSouthland lifts pipe, structural products $30/TSouthland Tube Inc. has increased prices on its mechanical, pipe and structural products by $30 per ton ($1.50 per hundredweight) effective April 9, "due to rapidly rising raw material costs," the company said in a letter to customers., 10 Apr 2014 15:18:00 GMTNLMK USA pushes up planned furnace outageNLMK USA has brought forward a planned outage at its Portage, Ind., reheat furnace, a company source confirmed., 09 Apr 2014 23:31:00 GMTGary Works gets more iron oreU.S. Steel Corp.’s Gary Works in northwest Indiana has received three shipments of iron ore but is still operating at reduced capacity, a company spokeswoman told AMM., 09 Apr 2014 23:18:00 GMTUSS joins Iraq oil well supply allianceU.S. Steel Tubular Products, a subsidiary of U.S. Steel Corp., has formed an alliance with MRC Global Inc. and North America Western Asia Holdings LLC (NAWAH) to supply oil well equipment in southern Iraq., 09 Apr 2014 23:03:00 GMTITA rejects request to review OCTG marginThe U.S. Commerce Department’s International Trade Administration (ITA) has rejected a request by Vietnamese oil country tubular goods (OCTG) producer SeAH Steel Vina Corp. to recalculate its preliminary anti-dumping margin in an ongoing trade case., 09 Apr 2014 22:47:00 GMTSteel falling short on US scrap usage: DanjczekThe U.S. steel industry does "not satisfy" the domestic scrap metal market, former Steel Manufacturers Association president Thomas A. Danjczek said at the Institute for Scrap Recycling Industries’ annual convention in Las Vegas., 09 Apr 2014 22:40:00 GMTUS steel mill shipments fall 3.5% in Feb.U.S. steel mills shipped 7.62 million net tons in February, down 3.5 percent from 7.9 million tons the previous month but up 2.4 percent from 7.44 million tons a year earlier, American Iron and Steel Institute data show., 09 Apr 2014 22:23:00 GMTWheatland Tube signs up sales partnerNew Century Sales Inc. will represent Wheatland Tube Co.’s electrical conduit, elbows, couplings and nipple electrical products in northern, central and south-central Indiana., 09 Apr 2014 22:10:00 GMTKeystone raises wire rod product pricesKeystone Steel & Wire Co. is increasing all wire rod base prices by $20 per ton ($1 per hundredweight) effective with all shipments May 1, the company said in an April 9 letter to customers., 09 Apr 2014 21:38:00 GMTWheatland Tube hiking fence product pricesWheatland Tube Co. is raising prices on all fence framework products by 5 percent effective April 10., 09 Apr 2014 17:00:00 GMTGerdau raising wire rod product pricesGerdau Long Steel North America is increasing its wire rod product prices by $20 per ton ($1 per hundredweight) effective with shipments May 1, it said in an April 8 letter to customers., 09 Apr 2014 16:50:00 GMTCSI joins move to boost sheet pricesCalifornia Steel Industries Inc. (CSI) has raised prices on hot-rolled, hot-rolled pickled and oiled, and cold-rolled sheet by a minimum of $20 per ton, and galvanized sheet by a minimum of $30 per ton effective April 8 "due to changing market conditions," it said in a letter to customers., 08 Apr 2014 21:31:00 GMTTenn. gives slag solid waste exemptionTennessee’s governor has signed off on an exemption for steel slag that prevents it from being regulated as solid waste., 08 Apr 2014 21:11:00 GMTMills troubled by scrap supply issues, qualityLogistical issues related to the availability of rail cars and trucks for scrap shipments have combined with an overall decline in scrap flows into dealer yards to create grave supply-side concerns for steel mills., 08 Apr 2014 20:22:00 GMTAllied Tube hiking pipe product pricesHigher steel prices have prompted Allied Tube & Conduit Corp., a division of Atkore International Holdings Inc., to increase prices for fence and mechanical products., 08 Apr 2014 19:19:00 GMTCuts, closures support OCTG trade case: AISIRecent production cuts and mill closures in the domestic oil country tubular goods (OCTG) sector will likely be a focus of an ongoing anti-dumping investigation against nine countries before a final decision in the trade case is made in July., 08 Apr 2014 19:02:00 GMTITC schedules vote on steel threaded rod importsThe U.S. International Trade Commission (ITC) is scheduled to vote May 1 in an anti-dumping investigation against steel threaded rod from Thailand., 08 Apr 2014 18:43:00 GMTNucor increases wire rod $20/TNucor Corp. is raising its transaction prices for wire rod products by $20 per ton ($1 per cwt) effective with May 1 shipments, the steel producer told customers April 7., 08 Apr 2014 16:03:00 GMTUS steel output falls to lowest level this yearU.S. raw steel output totaled an estimated 1,762,000 net tons last week, down 3.2 percent from 1,820,000 tons the previous week, as mills operated at an average capacity utilization rate of 73.3 percent. It was the lowest weekly level since mid-December., 08 Apr 2014 15:34:00 GMTJames River Coal seeking Chapter 11James River Coal Co. has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Virginia in order to implement a “comprehensive turnaround plan” after struggling with weakness in the coal markets, the company said April 7., 07 Apr 2014 23:55:00 GMTSteel buyers unsure if beam prices may riseA smaller-than-anticipated rise in a key scrap price has steel buyers viewing the chance of an increase in beam prices as a toss-up., 07 Apr 2014 23:39:00 GMTUPI lifts sheet prices; CSI closes May booksA new round of flat-rolled steel price increases has been launched on the West Coast, with USS-Posco Industries Inc. (UPI) announcing a $30-per-ton increase while a second mill said its May order book has been closed., 07 Apr 2014 23:24:00 GMTUS steel exports decline in FebruaryU.S. steel mill product exports fell to a more than one-year low in February, led by several flat products., 07 Apr 2014 21:47:00 GMTChina asks WTO to set up dispute panel on US dumping casesThe World Trade Organization (WTO) has been asked by China to set up a dispute settlement panel to consider the U.S. application of “targeted dumping” and the use of “zeroing” in anti-dumping proceedings involving a number of imported products., 07 Apr 2014 21:08:00 GMTCommerce sets dumping margins on steel nail importsIn the final results of an anti-dumping duty administrative review on imports of steel nails from China from Aug. 1, 2011, to July 31, 2012, the U.S. Commerce Department’s International Trade Administration (ITA) has issued weighted-average dumping margins ranging from 3.92 to 41.91 percent for individual companies and a China-wide rate of 118.04 percent., 07 Apr 2014 21:02:00 GMTSupply disruptions, prices may lift import martThe U.S. steel import market could see a slight boost due to recent domestic supply disruptions, although traders stressed that the impact could be short-lived since those issues are expected to be resolved in the coming weeks., 07 Apr 2014 20:09:00 GMTTMK Ipsco idling pipe mill in KentuckyTMK Ipsco is idling the 8-inch welded pipe mill at its Wilder, Ky., plant and is reducing work hours there and at its welded pipe operations in Blytheville, Ark., and Camanche, Iowa, due to pressure from imports., 07 Apr 2014 17:57:00 GMTGreenbrier to double tank car capacityGreenbrier Cos. plans to double its capacity to manufacture rail tank cars in the next 18 months., 07 Apr 2014 15:14:00 GMTU.S. Steel's Gary Works receives iron oreU.S. Steel Corp.’s Gary Works in northwest Indiana has received "the first of several deliveries of iron ore planned for this week," a company spokeswoman told AMM via e-mail April 6., 07 Apr 2014 15:05:00 GMTUS drilling climbs, Canada fallsThe number of drill rigs running in the United States increased by nine last week., 07 Apr 2014 14:39:00 GMTJohannpeter steps up to new role at GerdauGuilherme Gerdau Johannpeter, president of Gerdau Long Steel North America, has been promoted to executive vice president and will join Gerdau SA’s executive committee, the company said April 4., 04 Apr 2014 23:19:00 GMTMidwest scrap markets follow Detroit up $10/TMidwest ferrous scrap markets appear to have followed in Detroit’s footsteps to settle well below previously anticipated increases., 04 Apr 2014 22:48:00 GMTSteelmakers boost sheet prices amid supply fears At least three U.S. steelmakers have officially published higher prices due to a number of recent disruptions on the supply side as some in the market expressed concern over an increasingly "tight" marketplace., 04 Apr 2014 22:30:00 GMTDemand drives stainless steel prices upStainless steel prices rose in April amid a rise in major North American mills’ base prices and raw material surcharges, with market players emphasizing that strong demand has allowed the mill increases to stick., 04 Apr 2014 22:15:00 GMTITA sets duty margins on nickel-plated steelThe U.S. Commerce Department’s International Trade Administration (ITA) has issued an affirmative final determination in an anti-dumping investigation of imports of diffusion-annealed, nickel-plated flat-rolled steel from Japan., 04 Apr 2014 21:51:00 GMTRebar lifts Cascade’s operating profitRising shipments, driven by a 44.2-percent gain in rebar sales, led Schnitzer Steel Industries Inc.’s steel manufacturing business to more than triple its operating profit during the fiscal second quarter., 04 Apr 2014 21:01:00 GMTSunCoke 1st-qtr. output falls 6.3%SunCoke Energy Inc. produced an estimated 414,000 tons of coke at its Haverhill, Ohio, and Middletown, Ohio, coking operations during the first quarter of 2014, down 6.3 percent from 442,000 tons in the year-ago period., 04 Apr 2014 17:08:00 GMTElectralloy marine casting certifiedSpecialty and stainless steel melter Electralloy has received certification from the American Bureau of Shipping (ABS) to produce steel castings for marine applications, the company said April 3., 04 Apr 2014 17:02:00 GMTExlTube lifts standard pipe product pricesExlTube Co. has raised its prices for A53 grade B standard pipe products by $40 per net ton effective with new orders after 5 p.m. Central Standard Time April 3., 04 Apr 2014 15:46:00 GMTNucor increases sheet product pricesNucor Corp. has increased prices on its steel sheet products effective immediately, it said in an April 4 letter to customers., 04 Apr 2014 15:42:00 GMTMidwest scrap falls short of expected gainMidwest ferrous scrap prices are unlikely to increase this month by a previously speculated range of up to $30 per gross ton after early trading in some regions indicated big numbers had found little support., 03 Apr 2014 23:19:00 GMTSteel prices could rise on supply disruptionsA number of disruptions on the supply side may help U.S. steelmakers push prices higher, sources told AMM., 03 Apr 2014 21:37:00 GMTW. Coast flat-rolled steel hikes gain tractionWest Coast prices for flat-rolled steel appear to be rising, although probably not as much as in parts of the country that are feeling the impact of production disruptions in the Midwest., 03 Apr 2014 21:05:00 GMTIcy waters force USS to curtail Gary WorksU.S. Steel Corp. has temporarily curtailed its blast furnaces and steelmaking operations at its Gary Works in northwest Indiana following "unforeseen" and "unprecedented" ice conditions on the Great Lakes., 03 Apr 2014 20:05:00 GMTSB’s NW Pipe acquisition a long time comingSB International Inc.’s recent acquisition of Northwest Pipe Co.’s OCTG assets in Bossier City, La., and Houston was more than a year in the making, giving the company ample time to assess the strengths of the facilities., 03 Apr 2014 19:26:00 GMTU.S. Steel shakes up management teamU.S. Steel Corp. has named a new senior vice president and chief technology officer, in addition to other managerial appointments., 03 Apr 2014 18:46:00 GMTTMK Ipsco inks OCTG deal with SoonerTMK Ipsco, the North American subsidiary of Russian pipemaker OAO TMK, has signed a full-line distribution agreement for oil country tubular goods (OCTG) with Sooner Pipe LLC., 03 Apr 2014 17:20:00 GMTPollution control impact on China steel seen limitedThe latest temporary pollution control measures imposed on mills in north China are unlikely to have a major impact on the steel market, participants told AMM sister publication Steel First., 03 Apr 2014 16:55:00 GMTWheatland Tube lifts pipe product pricesWheatland Tube Co. is raising prices on sprinkler pipe by 6 percent, standard pipe by 5 percent and grade B electric-resistance welded pipe by $40 per ton ($2 per hundredweight) effective April 3, market sources said., 02 Apr 2014 22:57:00 GMTUS steel imports poised to climb in MarchU.S. steel imports are on course to hit 3.16 million tonnes in March, the third monthly increase and highest level in more than a year, according to import license data updated April 1 by the U.S. Commerce Department’s Enforcement and Compliance., 02 Apr 2014 22:22:00 GMTSteel beam imports set to post larger gainsMarch imports of steel beams look likely to surpass February’s level by 49 percent as import permit applications continued to stream in through April 1., 02 Apr 2014 21:49:00 GMTU.S. Steel outage could boost steel sheet pricesSteel market participants are growing increasingly nervous about supply-side dynamics as a result of an ongoing outage at U.S. Steel Corp.’s Great Lakes Works in Ecorse, Mich., with some saying the issue could lead to higher prices in the near term., 02 Apr 2014 20:32:00 GMTBattle is on to grab auto market shareAluminum has great growth opportunities in the automotive sector, but the light metal faces stiff competition from new high-strength steels and composites, according to one industry expert., 02 Apr 2014 17:24:00 GMTATI increases polished product pricesAllegheny Technologies Inc.’s flat-rolled products segment has increased prices for polished material across all grades effective April 1 by reducing discounts by 10 percentage points, the company said., 02 Apr 2014 17:07:00 GMTBull Moose Tube’s Jack Meyer retiresJack Meyer has retired as chief executive officer of Bull Moose Tube Co., parent company Caparo Group Ltd. said in a statement April 1., 01 Apr 2014 22:52:00 GMTTrade rules unfairly harm Turkey steel: EkinciTurkish steel producers are being unfairly subjected to a host of non-tariff protectionist measures by other countries looking to support their own steel mills, according to Turkish Steel Exporters’ Association chairman Namik Ekinci., 01 Apr 2014 22:09:00 GMTTax proposal could injure steel: AISIA House Ways and Means Committee tax proposal would weaken many pro-investment provisions important to the steel sector, according to the American Iron and Steel Institute., 01 Apr 2014 20:20:00 GMTNW Pipe OCTG assets sold to SB for $42.7MNorthwest Pipe Co. has sold its oil country tubular goods (OCTG) assets in Bossier City, La., and Houston to Centric Pipe LLC, an affiliate of energy tubulars trading firm SB International Inc., for $42.7 million., 01 Apr 2014 19:44:00 GMTChina's Hilong Holding buys Texas coaterChina’s Hilong Holding Ltd. has purchased U.S. oil country tubular goods (OCTG) coater Texas Internal Pipe Coating LLC., 01 Apr 2014 17:51:00 GMTUS raw steel production slides 3.4 percentU.S. raw steel output totaled an estimated 1,820,000 net tons last week, down 3.4 percent from 1,885,000 tons the previous week, as mills operated at an average capacity utilization rate of 75.7 percent., 01 Apr 2014 14:20:00 GMTATI taps Minich, Wetherbee division headsAllegheny Technologies Inc. (ATI) has named John S. Minich president of its forged products business and Robert S. Wetherbee as president of its flat-rolled products unit effective April 1, the steelmaker said March 31., 31 Mar 2014 23:33:00 GMTChina leads in world stainless industry growthThe global stainless steel industry is expected to grow 5 percent in 2014, with the North American market seen maintaining last year’s rate of 4 percent growth and the Chinese market growing 7 percent., 31 Mar 2014 22:43:00 GMTArk. commission to discuss Big River Steel rulingThe Arkansas Pollution Control and Ecology Commission will meet April 25 to discuss a recent ruling in favor of steel industry veteran John D. Correnti’s proposed Big River Steel LLC project, Charles Moulton, the commission’s administrative law judge, told AMM., 31 Mar 2014 22:18:00 GMT