Steelhttp://www.amm.com©2014 www.amm.com60SteelUSS Gary Works fire extinguishedThe coke plant at U.S. Steel Corp.’s Gary Works in northwest Indiana suffered a fire Aug. 19, a company spokeswoman said., 19 Aug 2014 22:40:00 GMTUS structural steel mills weighing trade actionU.S. structural steel producers, concerned that imports are biting into an improving market, are weighing a possible trade action against foreign mills on beams., 19 Aug 2014 21:56:00 GMTStainless scrap prices continue to slideStainless steel scrap prices continued to slide this week in step with lower nickel prices, and industry sources said there is "little sign of an upside.", 19 Aug 2014 20:59:00 GMTTrade verdict fails to deter S. Korea OCTGU.S. imports of oil country tubular goods from South Korea show no sign of slowing one month after the U.S. Commerce Department’s International Trade Administration imposed anti-dumping duty margins ranging from 9.89 to 15.75 percent on Korean products., 19 Aug 2014 19:55:00 GMTLegislation aims to lift domestic pipe useA Pennsylvania senator has introduced three bills that could boost domestic pipe consumption in oil and gas exploration., 19 Aug 2014 18:41:00 GMTFirst Colombia Gold plans pipe threading plantFirst Colombia Gold Corp. is planning to open a pipe threading facility at its oil offices in Albany, Ky., 19 Aug 2014 15:26:00 GMTUS raw steel production increases 1.2%U.S. raw steel output totaled an estimated 1,919,000 net tons last week, up 1.2 percent from 1,896,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.8 percent., 19 Aug 2014 13:50:00 GMTUS, Canadian stainless shipments rise againNorth American stainless steel shipments continued to show strength in July, according to the latest Metals Service Center Institute (MSCI) data, although distributor sources told AMM there have been some signs of softening end-market demand., 18 Aug 2014 23:38:00 GMTPlate mart awaits next move after Nucor hikeThe steel plate market could be poised to move higher after one domestic producer raised prices., 18 Aug 2014 23:02:00 GMTStrong demand boosts rebar pricesSeveral rebar producers have announced price increases amid strong demand and lean inventories, market sources said., 18 Aug 2014 22:28:00 GMTEssar Steel Algoma credit rating cut againEssar Steel Algoma Inc.’s long-term corporate credit rating has been downgraded to "selective default" from "CCC-" by Standard & Poor’s Ratings Services (S&P)., 18 Aug 2014 19:10:00 GMTNucor outlines appeal of ITC decision on Ukraine wire rodNucor Corp. has outlined its case against a U.S. International Trade Commission (ITC) decision to allow anti-dumping duties on wire rod imports from Ukraine to expire., 18 Aug 2014 19:10:00 GMTInsteel completes purchase of ASW’s PC strand businessInsteel Industries Inc. has completed its acquisition of American Spring Wire Corp.’s pre-stressed concrete (PC) strand business., 18 Aug 2014 17:56:00 GMTArcelorMittal, Quebec union ink labor dealArcelorMittal SA has reached a new six-year labor deal with unionized workers at its Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, ending a nine-day lockout., 18 Aug 2014 17:19:00 GMT‘Red October’ in hunt for USS' former Serbia ops"Red October" has joined the hunt for Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia., 18 Aug 2014 17:17:00 GMTDrilling improves in US, CanadaThe number of drill rigs running in the United States increased by five last week., 18 Aug 2014 14:56:00 GMTNucor increases steel plate product pricesNucor Corp.’s plate mill group has increased transaction prices on all new orders for carbon, alloy and heat-treated plate effective immediately., 18 Aug 2014 14:42:00 GMTPanama Canal project will use 121,200 tonnes of steelExpansion of the Panama Canal has entered its final stages after the Panama Canal Authority and the Grupos Unidos por el Canal signed an agreement for the completion of the “third set of locks project.”, 16 Aug 2014 00:06:00 GMTWire rod, rebar may face price bumpU.S. wire rod and rebar market participants are expecting further price increases in the coming weeks even as tags held steady this past week, although views were mixed on how the hikes would be met., 15 Aug 2014 23:26:00 GMTSheet prices steady despite strong demandSheet steel prices held steady this past week amid what sources described as surprisingly robust demand during the typically slower summer months., 15 Aug 2014 21:45:00 GMTCommerce hikes dumping margin on Vietnam OCTGThe final dumping rate on oil country tubular goods (OCTG) imports from Vietnam’s SeAH Steel Vina Corp., a subsidiary of South Korea’s SeAH Steel Corp., has been raised to 25.18 percent from 24.22 percent due to a calculation error by the U.S. Commerce Department’s International Trade Administration (ITA), although the Vietnam-wide rate will remain at 111.47 percent., 15 Aug 2014 21:11:00 GMTArcelorMittal workers in Canada to vote on dealUnionized workers at ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, are set to vote on a new labor agreement negotiated by a government-appointed conciliator, sources familiar with the matter said., 15 Aug 2014 20:09:00 GMTCliffs director resigns, cites leadership issuesIron ore miner Cliffs Natural Resources Inc. has seen tumultuous executive turnover in the wake of hedge fund Casablanca Capital LP’s proxy victory, including the resignation of one director and the departure of several executives., 15 Aug 2014 20:05:00 GMTITC delays OCTG vote after Commerce errorA vote in a trade case on oil country tubular goods (OCTG) from nine countries has been postponed by the International Trade Commission (ITC) after the Commerce Department amended its final decision on imports from Saudi Arabia due to a ministerial error., 14 Aug 2014 23:45:00 GMTSSAB plate mill lead times extend to early Nov.Lead times at SSAB Americas’ steel plate facilities in Montpelier, Iowa, and Mobile, Ala., are out until Nov. 3 and Oct. 13, respectively, according to a company memo., 14 Aug 2014 18:22:00 GMTFriedman logs loss as tubular prices, sales fallFriedman Industries Inc. swung to a net loss in its fiscal first quarter, with higher selling prices for steel coil products offset by lower tubular sales volumes and prices, as well as higher substrate costs., 14 Aug 2014 17:55:00 GMTWest Coast mills lift flat-rolled steel pricesWest Coast flat-rolled steel producers are looking to boost prices as buyers gauge the possible impact that a trade case by domestic mills would have on the region., 13 Aug 2014 22:41:00 GMTNucor raising steel wire rod productsNucor Corp.’s Connecticut division is raising prices for all wire rod products by $10 per ton (50 cents per hundredweight) effective with shipments Sept. 1, the company said in an Aug. 13 letter to customers., 13 Aug 2014 22:40:00 GMTCMC sees construction jobs returningCommercial Metals Co. (CMC) is seeing more-profitable private construction business returning and displacing low-margin public construction jobs., 13 Aug 2014 20:23:00 GMTElectralloy names Paparone financial chiefElectralloy has named Joseph C. Paparone II as vice president of finance and chief financial officer. He replaces Bill Warren, who has retired from the posts., 13 Aug 2014 19:11:00 GMTAK Steel sees no antitrust issues in mill buyAK Steel Corp. expects to win U.S. Justice Department approval for its proposed $700-million acquisition of OAO Severstal’s integrated mill in Dearborn, Mich., 13 Aug 2014 17:17:00 GMTCanada rules rebar imports causing injuryIn a preliminary decision, the Canadian International Trade Tribunal (CITT) has determined that allegedly dumped rebar imports from China, Korea and Turkey are injuring that country’s industry., 12 Aug 2014 22:26:00 GMTUS steel beam market holding steadyThe structural steel market appears to be "in balance," with buyers of wide-flange beams seeing little reason for pricing to move one way or the other., 12 Aug 2014 22:13:00 GMTArcelorMittal plant lockout continuesA lockout of unionized workers continues at ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, but meetings between the two parties are taking place, according to a source close to the situation., 12 Aug 2014 20:06:00 GMTInsteel sees growth in rebar substitutesInsteel Industries Inc. sees significant growth opportunities in the construction markets for its rebar-replacing engineered structural mesh (ESM) product., 12 Aug 2014 19:06:00 GMTSteel mill shipments falter in June vs. MayU.S. steel mill shipments were mixed in June, falling month on month but rising compared with the same month last year, according to data from the American Iron and Steel Institute (AISI)., 12 Aug 2014 15:39:00 GMTUS raw steel production slips 0.3 percentU.S. raw steel output totaled an estimated 1,896,000 net tons last week, down 0.3 percent from 1,901,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.8 percent., 12 Aug 2014 14:27:00 GMTTimkenSteel hiking SBQ productsTimkenSteel Corp. is raising base prices on special bar quality (SBQ) products by $40 per ton and on quench and temper bar products above 9 inches by $60 per ton effective with shipments Sept. 1., 11 Aug 2014 22:13:00 GMTAK Steel to save $100M in pension costsAK Steel Corp. expects to save $100 million over the next two years in reduced pension fund obligations due to legislative tweaks within the recently passed federal Highway and Transportation Funding Act., 11 Aug 2014 22:04:00 GMTUncertainty in Turkey as geopolitics roils martsUncertainty prevails in the Turkish steel and scrap markets as geopolitical events in the region could send prices for finished products and raw materials in any direction., 11 Aug 2014 21:39:00 GMTGallatin shutting down for maintenance in Sept.Gallatin Steel Co.’s production facility in Ghent, Ky., will shut down for maintenance next month, AMM has learned., 11 Aug 2014 21:03:00 GMTCold-rolled case may be filed soon: analystsA rumored trade case against cold-rolled and galvanized steel imports could be filed as early as Labor Day weekend, according to an Aug. 11 research note by analysts at New York-based Morgan Stanley Research America., 11 Aug 2014 19:48:00 GMTNucor files suit vs. Big River Steel projectNucor Corp. is making another attempt to halt Big River Steel LLC’s $1.3-billion steel mill project near Osceola, Ark., 11 Aug 2014 19:22:00 GMTNucor lifts mesh products $40/TNucor Corp. has increased prices for all mesh products by $40 per ton ($2 per hundredweight) effective with new orders Aug. 11., 11 Aug 2014 18:24:00 GMTInsteel to buy ASW’s PC strand assets for $36MInsteel Industries Inc. has reached a deal to purchase the assets of American Spring Wire Corp.’s (ASW’s) prestressed concrete (PC) strand business for $36 million., 11 Aug 2014 18:09:00 GMTEvraz not mulling N. America asset sale: WinklerEvraz Group SA is not mulling a sale of its North American facilities, a top company executive said., 11 Aug 2014 15:43:00 GMTUS drilling climbs, Canada fallsThe number of oil rigs running in the United States increased by 19 last week., 11 Aug 2014 14:13:00 GMTFood sanctions threaten Russia steel deal: AIISAn agreement suspending U.S. anti-dumping duties on some Russian flat-rolled steel shipments could be "in more significant jeopardy" after Russia announced agricultural sanctions, according to the American Institute for International Steel (AIIS)., 08 Aug 2014 23:44:00 GMTHaynes eyes upturn as volumes strengthenHaynes International Inc. is "starting to see signs of an upturn in the marketplace" amid strengthening volumes and longer lead times., 08 Aug 2014 23:22:00 GMTUS steel mill product exports mixedU.S. steel exports were mixed in June, rising from the previous month on the back of higher hot-rolled sheet, line pipe and stainless steel shipments but falling from a year earlier., 08 Aug 2014 19:49:00 GMTArcelorMittal locks out workers at Canada plantSome 285 unionized workers have been locked out of ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, after they rejected a final contract offer Aug. 6., 08 Aug 2014 18:53:00 GMTSheet steel prices increase in busy summerSheet steel prices edged up this past week as domestic mills continued to drive for higher prices and some buyers reported stronger-than-usual summer activity., 08 Aug 2014 17:42:00 GMTNucor to lift coating extras due to zinc costsNucor Corp. plans to increase galvanizing coating weight extras effective with orders acknowledged to ship the week ending Oct. 11, the Charlotte, N.C.-based steelmaker said according to an Aug. 7 letter to customers, citing zinc costs., 08 Aug 2014 01:34:00 GMTMarket sees SBQ price hike stickingParticipants in the special bar quality (SBQ) market largely expect a $40-per-ton price increase for September deliveries, which was followed by most domestic mills, to stick. However, there was some grumbling about mills raising prices when supply has been curtailed by operational issues at some producers., 08 Aug 2014 00:30:00 GMTSteel beam imports set to hit year high in JulySteel beam imports are poised to hit their highest monthly total for the year in July after declining in June., 07 Aug 2014 23:47:00 GMTIndiana, Chicago follow national scrap trendsSteel mills in Indiana and the Chicago area have completed a majority of their scrap buying programs for August at similar trends to those in most regional markets this month., 07 Aug 2014 23:45:00 GMTNLMK upbeat on steel demand, pricesNovolipetsk Steel (NLMK) expects U.S. steel demand to remain strong and prices to be “relatively stable” in the third quarter, it said in commentary released with earnings data, 07 Aug 2014 23:15:00 GMTWarren restarts steelmaking operationsWarren Steel Holdings LLC has restarted operations after receiving approval for a lower power rate last month from Ohio regulators., 07 Aug 2014 23:10:00 GMTOCTG adding heat-treat facilityEnergy tubular finisher OCTG LLP is adding a heat-treatment facility at its Houston location, according to a company statement., 07 Aug 2014 23:02:00 GMTCMC worker dies after accidentAn employee who was injured during a ladle spill at Commercial Metals Co.’s (CMC’s) Seguin, Texas, steel mill earlier this week has died, the company said Aug. 6., 07 Aug 2014 22:48:00 GMTNLMK said unaffected by Western sanctionsRussian steelmaker Novolipetsk Steel (NLMK) has seen no direct impact to date from sanctions imposed by the United States and Europe in response to political tensions over the Ukraine and does not intend to divest its international assets, a company executive said., 07 Aug 2014 22:38:00 GMTUS steel imports poised to rise for JulyU.S. steel imports appear to be on course to rise 5.2 percent for July, driven by strong gains in inflows of plate in coil and stainless steel., 07 Aug 2014 22:22:00 GMTGoncalves leads Cliffs after proxy fightLourenco Goncalves has been appointed chairman, president and chief executive officer of Cliffs Natural Resources Inc. following a lengthy proxy battle between the iron ore mining company and hedge fund Casablanca Capital LP., 07 Aug 2014 20:32:00 GMTUS OCTG case may spur Canada imports: CBSACanada could see a spike in oil country tubular goods (OCTG) imports from countries hit by U.S. dumping margins and the industry might find itself in peril as a result, according to the Canada Border Services Agency (CBSA)., 07 Aug 2014 19:33:00 GMTRepublic Steel lifts SBQ product pricesRepublic Steel Co. has raised base prices for special bar quality (SBQ) hot-rolled and semifinished products by $40 per ton ($2 per hundredweight) for September shipments., 06 Aug 2014 23:11:00 GMTScrap trends sideways as marts follow DetroitSteel mills in several pockets of the United States wrapped up their monthly scrap bookings Aug. 6 as markets continued to trend at levels established early this week by Detroit-area mills., 06 Aug 2014 23:10:00 GMTArcelorMittal bullish on US steel demandArcelorMittal SA sees the United States as one of its more promising markets, citing encouraging economic indicators for jobs and manufacturing, as Europe recovers more slowly and China faces an economic slowdown., 06 Aug 2014 22:42:00 GMTITC rejects duties for Indian steel threaded rodImports of steel threaded rod from India are not injuring or threatening to injure U.S. industry, the International Trade Commission (ITC) decided Aug. 6, so no anti-dumping or countervailing duties will be imposed., 06 Aug 2014 22:07:00 GMTUSS’ Edgar Thomson outage said delayedU.S. Steel Corp. has reportedly delayed a planned maintenance outage at its Edgar Thomson Plant in Braddock, Pa., according to sources familiar with the matter., 06 Aug 2014 19:38:00 GMTSuperior Tube adds cutoff machining capacitySuperior Tube Co. Inc. has added electrochemical machining capacity at its Collegeville, Pa., facility., 06 Aug 2014 15:20:00 GMTNW Pipe aims to raise profits from Kansas millNorthwest Pipe Co. aims to ramp up production and profits at its upgraded Atchison, Kan., facility as it runs more heavy-walled, higher-value-added pipe products at the plant, the company’s top executive said., 06 Aug 2014 14:43:00 GMTLawmakers voice concerns about Turkish rebar importsU.S. Senate majority leader Harry Reid (D., Nev.) has expressed concerns to the U.S. Commerce Department about the potential impact of rebar imports from Turkey., 06 Aug 2014 14:10:00 GMTTimken adds new board memberTimken Co. has elected A.O. Smith Corp. president and chief executive officer Ajita G. Rajendra to its board of directors., 06 Aug 2014 00:46:00 GMTLine pipe trade case could be near: NW PipeThe prospects of a line pipe import trade case have been bolstered by a recent victory for domestic producers of oil country tubular goods (OCTG), Northwest Pipe Co.’s top executive said., 05 Aug 2014 22:21:00 GMTIvaco increases wire rod $40/TCanada’s Ivaco Rolling Mills LP has raised base prices for cold-heading-quality wire rod products by $40 per net ton for shipments effective Sept. 1., 05 Aug 2014 22:17:00 GMTCliffs concedes defeat to CasablancaCliffs Natural Resources Inc. has admitted defeat in the months-long proxy battle for control of its board, with longtime chairman James F. Kirsch ousted in a vote at the company’s annual shareholders’ meeting., 05 Aug 2014 20:23:00 GMTSteel prices, imports dent NW Pipe’s netNorthwest Pipe Co.’s earnings tumbled in the second quarter due in part to increased competition for projects, rising flat-rolled steel prices and high volumes of line pipe import., 05 Aug 2014 18:31:00 GMTJSW Steel’s US operations log $4.02M profitJSW Steel Ltd.’s U.S. plate and pipe operations recorded earnings before interest, taxes, depreciation and amortization of $4.02 million in its fiscal fist quarter ended June 30 despite continued low capacity utilization levels., 05 Aug 2014 14:56:00 GMTUS raw steel production declines 1 percentU.S. raw steel output totaled an estimated 1,901,000 net tons last week, down 1 percent from 1,920,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.0 percent., 05 Aug 2014 14:33:00 GMTL.B. Foster’s net income dips in qtr.L.B. Foster Co.’s net income dipped 5.9 percent in the second quarter due in part to an unexpected one-time charge of $4.6 million., 05 Aug 2014 00:04:00 GMTFerrous scrap prices hold sideways in DetroitFerrous scrap trading for August has kicked off in the Detroit region with two steel producers entering the market and a third reportedly poised to follow., 04 Aug 2014 23:06:00 GMTTwo workers injured in incident at CMC millTwo workers suffered severe burns from molten material in an incident at Commercial Metals Co.’s (CMC’s) Seguin, Texas, steel mill Aug. 3, according to the company and the local fire department., 04 Aug 2014 22:36:00 GMTATI revises Aug. price hike; market puzzledAllegheny Technologies Inc.’s (ATI’s) Flat Rolled Products segment has revised a previously announced stainless steel base price increase for August, a move that some sources said will have little impact in the market., 04 Aug 2014 22:09:00 GMTGerdau’s SBQ deliveries said delayedGerdau SA’s North American special steel division started up a twin tank vacuum degassing system at its special bar quality (SBQ) steel mill in Monroe, Mich., in May, a move keyed to increase quality but one that is impacting customer deliveries, market sources told AMM., 04 Aug 2014 22:07:00 GMTUSS mulls DRI, DR pellet productionU.S. Steel Corp. is considering building a direct-reduced iron (DRI) plant or selling direct-reduced (DR) grade pellets from its Minntac iron ore operations in Minnesota, according to a regulatory filing., 04 Aug 2014 21:47:00 GMTBig River Steel breaks ground for Ark. millBig River Steel LLC has broken ground on its planned $1.3-billion steel mill near Osceola, Ark., 04 Aug 2014 21:40:00 GMTHandy & Harman tube unit dents 2d-qtr. resultsHandy & Harman Ltd.’s second-quarter net income fell 6.7 percent from the same period last year, partly due to declining sales of higher-value tubing products, but nevertheless wiped away red ink spilled in the first three months of the year., 04 Aug 2014 21:28:00 GMTSMDI taps Hall to succeed KrupitzerJody N. Hall has been tapped to succeed Ronald P. Krupitzer as the Steel Market Development Institute’s (SMDI’s) vice president of the automotive market following Krupitzer’s retirement at year-end., 04 Aug 2014 19:46:00 GMTEsmark said potential buyer for former USS millEsmark Steel Group LLC is among the companies the Serbian government is considering as a buyer for Železara Smederevo d.o.o., 04 Aug 2014 17:33:00 GMTLockout of PTC Alliance workers endsUnionized workers who were locked out at PTC Alliance Corp.’s Alliance, Ohio, tubular facility returned to work Aug. 3 after both parties agreed to a new labor accord., 04 Aug 2014 17:04:00 GMTUSS director leaves to head VARobert A. McDonald has resigned from U.S. Steel Corp.’s board of director to become secretary of the U.S. Department of Veterans Affairs (VA), according to a filing with the U.S. Securities and Exchange Commission., 04 Aug 2014 16:58:00 GMTCommerce delays decision on steel nail importsThe U.S. Commerce Department’s International Trade Administration has postponed to Oct. 27 its preliminary determinations in a countervailing duty investigation against imports of steel nails from five countries., 04 Aug 2014 16:18:00 GMTPlanned Alamo Tube mill seen filling specific needThe prospects should be bright for a recently announced tubing-specific oil country tubular goods (OCTG) mill near San Antonio, as the mill’s output addresses a very particular need., 04 Aug 2014 15:37:00 GMTUSS confirms Canada restructuring mulledU.S. Steel Corp. has confirmed that it is considering a restructuring of its loss-making operations in Canada, according to a filing with securities regulators., 04 Aug 2014 15:21:00 GMTDofasco plans $50.4M galvanizing line upgradeArcelorMittal Dofasco Inc. plans to invest Canadian $55 million ($50.4 million) to upgrade its No. 4 galvanizing line to produce galvanized and Galvalume products., 04 Aug 2014 15:09:00 GMTUS drilling rises, Canada fallsThe number of drill rigs running in the United States increased by six last week., 04 Aug 2014 14:50:00 GMTSteel sheet, plate prices hold steadySteel sheet and plate prices held steady this past week in a sign that the steel industry might be dodging the usual summer doldrums this year, market sources said., 04 Aug 2014 14:43:00 GMTIndependent rebar mill planned for Texas martAn independent 200,000-ton-per-year rebar mill is planned near Waco, Texas, AMM has learned. Construction could begin by next spring., 02 Aug 2014 00:02:00 GMTOhio steel distributor facing OSHA finesMajor Metals Co. has agreed to settle charges that it failed to protect workers from amputation and fall hazards., 01 Aug 2014 23:14:00 GMTArcelorMittal ramping up BF at Indiana HarborArcelorMittal SA is ramping up production at the No. 7 blast furnace at its Indiana Harbor complex in East Chicago, Ind., after a $70-million planned maintenance outage, a company executive said., 01 Aug 2014 19:54:00 GMT