Steelhttp://www.amm.comhttp://feeds.feedburner.com/amm/GYQM©2014 www.amm.com60SteelDeacero mulls wire rod ruling appealMexican steelmaker Deacero SAPI de CV and subsidiary Deacero USA Inc. could appeal the U.S. International Trade Commission (ITC) decision to continue anti-dumping duties on imports of wire rod from Mexico, according to a legal filing. http://www.amm.com/Article/3366359/Deacero-mulls-wire-rod-ruling-appeal.htmlWed, 30 Jul 2014 00:34:00 GMTNo talks with USS on Double Eagle: AK AK Steel Corp. is bullish about some of the facilities it expects to acquire as part of its $700-million deal for OAO Severstal’s integrated mill in Dearborn, Mich. The picture is less clear when it comes to the future of Double Eagle Steel Coating Co. http://www.amm.com/Article/3366360/No-talks-with-USS-on-Double-Eagle-AK.htmlWed, 30 Jul 2014 00:28:00 GMTWeak aero, energy demand hurts CarpenterCarpenter Technology Corp. sees "positive indicators" as it enters its new fiscal year, including extended backlogs, gradually improving aerospace demand and a "fully operational" premium alloy facility in Alabama. http://www.amm.com/Article/3366353/Weak-aero-energy-demand-hurts-Carpenter.htmlTue, 29 Jul 2014 23:58:00 GMTHSS prices softer, but rise expected soonHollow structural sections (HSS) prices east of the Rockies are said to have softened this past month, although sources anticipate an increase soon on the back of firming coil tags. http://www.amm.com/Article/3366350/HSS-prices-softer-but-rise-expected-soon.htmlTue, 29 Jul 2014 23:39:00 GMTUSS logs loss in qtr.; better times seen aheadU.S. Steel Corp. slid into the red in the second quarter after a difficult winter and operational problems dented results, but it sees better times ahead. http://www.amm.com/Article/3366346/USS-logs-loss-in-qtr-better-times-seen-ahead.htmlTue, 29 Jul 2014 23:15:00 GMTOCTG gains momentum after dumping verdictOil country tubular goods (OCTG) prices are gathering steam following the recent anti-dumping trade case ruling that saw duties levied against South Korea, the largest overseas supplier of the product to the United States. http://www.amm.com/Article/3366326/OCTG-gains-momentum-after-dumping-verdict.htmlTue, 29 Jul 2014 21:56:00 GMTAK execs see electrical steel turnaroundAK Steel Corp. believes that "after a multi-year decline, the tide is beginning to turn" for the global electrical steel market. http://www.amm.com/Article/3366323/AK-execs-see-electrical-steel-turnaround.htmlTue, 29 Jul 2014 21:25:00 GMTOhio plant lockout won’t slow deliveries: PTCPTC Alliance Corp. doesn’t expect customer deliveries to be affected by a lockout of unionized workers at its Alliance, Ohio, manufacturing facility. http://www.amm.com/Article/3366322/Ohio-plant-lockout-wont-slow-deliveries-PTC.htmlTue, 29 Jul 2014 21:23:00 GMT‘Unplanned stoppage’ hits AK Ashland furnaceAK Steel Corp.’s Ashland (Ky.) Works recently suffered an "unplanned stoppage" of its blast furnace, a company spokesman said, confirming industry reports. http://www.amm.com/Article/3366321/Unplanned-stoppage-hits-AK-Ashland-furnace.htmlTue, 29 Jul 2014 21:08:00 GMTUS raw steel output reaches 25-month highU.S. raw steel output totaled an estimated 1,920,000 net tons last week, up 1.4 percent from 1,893,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.8 percent. http://www.amm.com/Article/3366299/US-raw-steel-output-reaches-25-month-high.htmlTue, 29 Jul 2014 17:53:00 GMTAK Steel losses narrow in qtr. as sales riseAK Steel Corp. narrowed its net loss by 57.7 percent in the second quarter as increased sales outweighed the lingering impact of harsh winter weather, with the company upbeat of a better second half. http://www.amm.com/Article/3366276/AK-Steel-losses-narrow-in-qtr-as-sales-rise.htmlTue, 29 Jul 2014 16:26:00 GMTPTC locks out workers at Ohio plantPTC Alliance Corp. locked out unionized workers at its Alliance, Ohio, manufacturing facility July 28 after they voted down a proposed labor deal, AMM has learned. http://www.amm.com/Article/3365989/PTC-locks-out-workers-at-Ohio-plant.htmlMon, 28 Jul 2014 23:05:00 GMTUSS amends credit agreements for Canada opsU.S. Steel Corp. may be looking to restructure its operations in Canada and has reached an agreement with lenders to modify some financing terms to allow for possible changes, filings with U.S. securities regulators and sources familiar with the matter indicated. http://www.amm.com/Article/3365952/USS-amends-credit-agreements-for-Canada-ops.htmlMon, 28 Jul 2014 18:28:00 GMTNucor, Gerdau hiking rebar prices $10/tonNucor Corp. and Gerdau Long Steel North America have raised prices on reinforcing bar products by $10 per ton (50 cents per hundredweight) effective with new orders July 28. http://www.amm.com/Article/3365907/Nucor-Gerdau-hiking-rebar-prices-10ton.htmlMon, 28 Jul 2014 17:25:00 GMTAK Steel elects board memberAK Steel Corp. has elected Sheri H. Edison to its board of directors effective Aug. 1. http://www.amm.com/Article/3365906/AK-Steel-elects-board-member.htmlMon, 28 Jul 2014 17:24:00 GMTU.S. Steel, Hamilton union start contract talksU.S. Steel Corp. and the union representing workers at its operations in Hamilton, Ontario, were scheduled to begin contract negotiations July 28, a union official said. http://www.amm.com/Article/3365883/US-Steel-Hamilton-union-start-contract-talks.htmlMon, 28 Jul 2014 16:04:00 GMTDrilling improves in US, CanadaThe number of drill rigs running in the United States jumped by 12 last week, led by Louisiana (up six), while Canadian drilling activity climbed by 14 rigs compared with the previous week.http://www.amm.com/Article/3365830/Drilling-improves-in-US-Canada.htmlMon, 28 Jul 2014 14:37:00 GMTSDI, AK execs said visiting Severstal NA millsTop executives from Steel Dynamics Inc. (SDI) and AK Steel Corp. attended town hall meetings at Severstal North America Inc. steel mills July 23, according to sources familiar with the matter. http://www.amm.com/Article/3365550/SDI-AK-execs-said-visiting-Severstal-NA-mills.htmlFri, 25 Jul 2014 23:31:00 GMTNucor appeals Ukraine wire rod rulingNucor Corp. will appeal a recent U.S. International Trade Commission (ITC) decision to let anti-dumping duties on wire rod imports from Ukraine expire, an attorney for the steelmaker told AMM. http://www.amm.com/Article/3365549/Nucor-appeals-Ukraine-wire-rod-ruling.htmlFri, 25 Jul 2014 23:27:00 GMTSeverstal NA plans outage in OctoberSeverstal North America Inc. plans to take a 10-day outage in October at its mini-mill in Columbus, Miss. http://www.amm.com/Article/3365548/Severstal-NA-plans-outage-in-October.htmlFri, 25 Jul 2014 23:20:00 GMTUS steel imports slide 11.1% in JuneU.S. steel imports fell in June but calls for trade action, particularly vs. value-added sheet products from China, are mounting as more cold-rolled flowed in from the Asian nation. http://www.amm.com/Article/3365547/US-steel-imports-slide-111-in-June.htmlFri, 25 Jul 2014 22:57:00 GMTSteel shipments, output fall in ’13U.S. steel shipments totaled 95 million tons in 2013, down 1 percent from the previous year, although shipments were 11 percent higher than the most recent five-year average of 86 million tons, according to the American Iron and Steel Institute’s annual statistical report. http://www.amm.com/Article/3365543/Steel-shipments-output-fall-in-13.htmlFri, 25 Jul 2014 22:19:00 GMTSheet steady despite drive for higher tagsSteel sheet prices held steady this past week as mills continued to drive for higher prices despite increased domestic output and lower or flat raw material costs. http://www.amm.com/Article/3365540/Sheet-steady-despite-drive-for-higher-tags.htmlFri, 25 Jul 2014 21:55:00 GMTNucor upbeat on Turkish rebar trade caseNucor Corp. is more optimistic about the prospects for higher margins against rebar from Turkey following a positive ruling involving South Korean oil country tubular goods (OCTG), the company’s top executive said. http://www.amm.com/Article/3365516/Nucor-upbeat-on-Turkish-rebar-trade-case.htmlFri, 25 Jul 2014 19:09:00 GMTNJ treasury division named lead plaintiff in suit vs. CliffsThe investment division of the New Jersey Treasury Department has become the lead plaintiff in a class-action securities lawsuit against Cliffs Natural Resources Inc., according to documents filed in U.S. District Court in Ohio. http://www.amm.com/Article/3365494/NJ-treasury-division-named-lead-plaintiff-in-suit-vs-Cliffs.htmlFri, 25 Jul 2014 17:51:00 GMTSteel mills' winter pains spell gains for NucorNucor Corp. expects to maintain through year-end market share that was gained in the first quarter, when other steelmakers struggled to maintain output amid an unusually harsh winter and delayed ore shipments. http://www.amm.com/Article/3365344/Steel-mills-winter-pains-spell-gains-for-Nucor.htmlFri, 25 Jul 2014 14:05:00 GMTEssar Steel Algoma finalizes funding dealEssar Steel Algoma Inc. has finalized the terms of an agreement that would provide the struggling steelmaker with a near-term capital infusion of $100 million. http://www.amm.com/Article/3365132/Essar-Steel-Algoma-finalizes-funding-deal.htmlFri, 25 Jul 2014 01:14:00 GMTNucor mulling growth opportunitiesNucor Corp. continues to mull acquisitions, but won’t aim to add more sheet capacity, its top executive said. http://www.amm.com/Article/3365125/Nucor-mulling-growth-opportunities.htmlFri, 25 Jul 2014 00:15:00 GMTCliffs tumbles into red amid lower pricesCliffs Natural Resources Inc., the largest U.S. iron ore miner, posted a $1.9-million net loss in the second quarter amid falling iron ore and metallurgical coal prices. http://www.amm.com/Article/3365077/Cliffs-tumbles-into-red-amid-lower-prices.htmlThu, 24 Jul 2014 19:48:00 GMTSunCoke logs loss in 2d quarterSunCoke Energy Inc. drew red ink in the second quarter, primarily due to a $103.1-million impairment charge tied to the planned sale of its domestic coal mining business. http://www.amm.com/Article/3365053/SunCoke-logs-loss-in-2d-quarter.htmlThu, 24 Jul 2014 18:23:00 GMTNucor’s net income jumps 72.7% in 2d qtr.Nucor Corp.’s profits surged 72.7 percent in the second quarter on stronger sales, with the steelmaker upbeat on the third quarter due to higher steel sheet and plate prices and improving nonresidential construction demand. http://www.amm.com/Article/3364958/Nucors-net-income-jumps-727-in-2d-qtr.htmlThu, 24 Jul 2014 15:51:00 GMTChina to tax certain steel imports July 31China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said. http://www.amm.com/Article/3364755/China-to-tax-certain-steel-imports-July-31.htmlThu, 24 Jul 2014 01:21:00 GMTSunCoke sale of coal mining assets OK’dSunCoke Energy Inc.’s board has approved the sale of its coal mining assets. http://www.amm.com/Article/3364753/SunCoke-sale-of-coal-mining-assets-OKd.htmlThu, 24 Jul 2014 01:00:00 GMTWarren Steel lands lower power rateWarren Steel Holdings LLC has received approval from Ohio regulators for a lower power rate and is gearing up to restart operations Aug. 1, it said. http://www.amm.com/Article/3364740/Warren-Steel-lands-lower-power-rate.htmlThu, 24 Jul 2014 00:08:00 GMTNucor raises mesh $20 per tonNucor Corp.’s rebar and wire rod mill in Wallingford, Conn., has raised prices for all mesh products by $20 per ton ($1 per hundredweight), according to a July 21 letter to customers. http://www.amm.com/Article/3364737/Nucor-raises-mesh-20-per-ton.htmlWed, 23 Jul 2014 23:05:00 GMTSherman Steel mulling Ohio rebar millA mill construction company is in the early stages of feasibility and marketing studies to build an independent rebar mill in the Youngstown, Ohio, area, AMM has learned. http://www.amm.com/Article/3364732/Sherman-Steel-mulling-Ohio-rebar-mill.htmlWed, 23 Jul 2014 22:58:00 GMTSDI to get processor stake in Severstal NA dealSteel Dynamics Inc. (SDI) will garner about a 20-percent stake in Mississippi Steel Processing LLC as part of its $1.6-billion deal for OAO Severstal’s Columbus, Miss., mill, according to a purchase agreement filed with the U.S. Securities and Exchange Commission (SEC). http://www.amm.com/Article/3364692/SDI-to-get-processor-stake-in-Severstal-NA-deal.htmlWed, 23 Jul 2014 20:25:00 GMTStructural steel prices seen stable in 2d halfNorth American construction costs rose for the 30th straight month in July amid higher fabricated structural steel prices, although pricing is expected to stabilize for the balance of the year, according to an IHS Inc. research report. http://www.amm.com/Article/3364691/Structural-steel-prices-seen-stable-in-2d-half.htmlWed, 23 Jul 2014 20:19:00 GMTSSAB Americas bullish on 2d half, logs profitSSAB Americas’ profits heated up in the second quarter due in part to price increases and strong demand from the automotive and service center sectors. http://www.amm.com/Article/3364685/SSAB-Americas-bullish-on-2d-half-logs-profit.htmlWed, 23 Jul 2014 19:36:00 GMTU.S. Steel claims errors in ITA’s OCTG rulingLawyers for U.S. Steel Corp. have asked the U.S. Commerce Department to address three alleged ministerial errors in recent final determinations in a trade case against oil country tubular goods (OCTG) from nine nations. http://www.amm.com/Article/3364656/US-Steel-claims-errors-in-ITAs-OCTG-ruling.htmlWed, 23 Jul 2014 18:00:00 GMTTransCanada gets pipeline OKTransCanada Corp. has received regulatory approval to build a 56-mile pipeline in Alberta. http://www.amm.com/Article/3364646/TransCanada-gets-pipeline-OK.htmlWed, 23 Jul 2014 17:42:00 GMTEgyptian Steel seeks duties on Turkish rebar: chief execEgyptian Steel Group is seeking anti-dumping tariffs on Turkish rebar to help protect the fledgling local industry and is looking at the U.S. Commerce Department’s handling of its rebar trade case against Turkey with interest, according to its top executive. http://www.amm.com/Article/3364626/Egyptian-Steel-seeks-duties-on-Turkish-rebar-chief-exec.htmlWed, 23 Jul 2014 16:55:00 GMTSDI ramping up SBQ mill; orders strongSteel Dynamics Inc. (SDI) continues to ramp up output of the sizing mill at its small-diameter special bar quality (SBQ) rolling mill in Pittsboro, Ind., amid a strong flow of orders, a company executive said. http://www.amm.com/Article/3364593/SDI-ramping-up-SBQ-mill-orders-strong.htmlWed, 23 Jul 2014 16:25:00 GMTSheet tags said on rise; staying power unclearSheet prices are on the rise due to solid bookings despite flat to slightly lower scrap prices, Steel Dynamics Inc. (SDI) executives said, although one analyst questions the sustainability of current pricing levels. http://www.amm.com/Article/3364591/Sheet-tags-said-on-rise-staying-power-unclear.htmlWed, 23 Jul 2014 16:21:00 GMTNLMK USA’s sales rise in qtr. on better demand, weatherRussian steelmaker Novolipetsk Steel’s (NLMK’s) U.S. operations recorded higher sales in the second quarter despite repairs denting crude steel output at the company’s Portage, Ind., mill. http://www.amm.com/Article/3364537/NLMK-USAs-sales-rise-in-qtr-on-better-demand-weather.htmlWed, 23 Jul 2014 15:32:00 GMTChina, US lift June global steel outputGlobal crude steel production of 137.1 million tonnes in June rose 3.1 percent from the same month last year, according to the latest World Steel Association data. http://www.amm.com/Article/3364526/China-US-lift-June-global-steel-output.htmlWed, 23 Jul 2014 15:14:00 GMTPeabody posts 2d-qtr. loss but bullish on coal demandPeabody Energy Corp. fell into the red in the second quarter despite coal’s contribution to the global energy mix rising to 30 percent of consumption, its highest level since 1970. http://www.amm.com/Article/3364520/Peabody-posts-2d-qtr-loss-but-bullish-on-coal-demand.htmlWed, 23 Jul 2014 14:59:00 GMTUSS names Darragh acting controllerU.S. Steel Corp. has named Colleen M. Darragh as acting controller, according to a filing with the U.S. Securities and Exchange Commission (SEC). http://www.amm.com/Article/3364514/USS-names-Darragh-acting-controller.htmlWed, 23 Jul 2014 14:47:00 GMTITC keeps duties on imports from ChinaThe U.S. International Trade Commission (ITC) has voted to maintain anti-dumping duties on malleable iron pipe fittings and steel threaded rod from China following separate five-year sunset reviews. http://www.amm.com/Article/3364510/ITC-keeps-duties-on-imports-from-China.htmlWed, 23 Jul 2014 14:41:00 GMTRebar co-op members land cash rebateThe Independent Steel Alliance, a rebar buying cooperative, performed better than expected during its first full year of operations, delivering a cash rebate to member fabricators where it initially expected none. http://www.amm.com/Article/3364289/Rebar-co-op-members-land-cash-rebate.htmlWed, 23 Jul 2014 00:16:00 GMTAcerinox sees N. America demand riseStainless steel demand in North America increased 6 percent year on year in the second quarter, according to North American Stainless Inc. (NAS) parent company Acerinox SA. http://www.amm.com/Article/3364285/Acerinox-sees-N-America-demand-rise.htmlTue, 22 Jul 2014 23:48:00 GMTColumbus to target higher-value marts: SDISteel Dynamics Inc. (SDI) will look to boost results when it takes control of the Columbus, Miss., mini-mill by expanding output of value-added products and continuing efforts to push into profitable energy and automotive markets, company executives said. http://www.amm.com/Article/3364284/Columbus-to-target-higher-value-marts-SDI.htmlTue, 22 Jul 2014 23:39:00 GMTTMK Ipsco sees OCTG trade case boosting resultsRussia’s OAO TMK sees improvements from a recent beneficial trade case decision in North America starting to filter into the market next year, if the U.S. International Trade Commission (ITC) gives its stamp of approval in August. http://www.amm.com/Article/3364282/TMK-Ipsco-sees-OCTG-trade-case-boosting-results.htmlTue, 22 Jul 2014 23:05:00 GMTMart sees scrap prices holding steady in Aug.Domestic ferrous scrap prices could trend sideways in August as early speculation points to a market that is in relative balance. http://www.amm.com/Article/3364281/Mart-sees-scrap-prices-holding-steady-in-Aug.htmlTue, 22 Jul 2014 23:03:00 GMTAlamo Tube plans OCTG mill near San AntonioAlamo Tube Co. is planning to invest $62.5 million to build a 250,000-ton-per-year electric-resistance welded (ERW) mill near San Antonio in a move that will increase the domestic supply of oil country tubular goods (OCTG). http://www.amm.com/Article/3364279/Alamo-Tube-plans-OCTG-mill-near-San-Antonio.htmlTue, 22 Jul 2014 22:54:00 GMTSeverstal sale stirs more AK questionsSteel market analysts largely agreed with initial market sentiment that Steel Dynamics Inc.’s (SDI’s) purchase of OAO Severstal’s Columbus, Miss., facility is a slam dunk, while more questions surround AK Steel Corp.’s acquisition of the Russian steelmaker’s Dearborn, Mich., mill. http://www.amm.com/Article/3364278/Severstal-sale-stirs-more-AK-questions.htmlTue, 22 Jul 2014 22:39:00 GMTW. Coast plate continues to strengthenDomestic plate prices as well as demand continue to rise on the West Coast, paced by an energy market that appears to be going from strength to strength. http://www.amm.com/Article/3364276/W-Coast-plate-continues-to-strengthen.htmlTue, 22 Jul 2014 22:31:00 GMTATI discussing tolling deals with carbon steel producersAllegheny Technologies Inc. (ATI) is in discussions with carbon steel producers regarding tolling agreements at its $1.2-billion hot-rolling and processing facility in Brackenridge, Pa., according to its top executive. http://www.amm.com/Article/3364270/ATI-discussing-tolling-deals-with-carbon-steel-producers.htmlTue, 22 Jul 2014 22:08:00 GMTTrade action needed now: SDI’s TeetsSteel Dynamics Inc. is collecting information for potential trade cases against imports of cold-rolled, coated and painted steel, including Galvalume, and would like to see action "sooner rather than later," a company executive said.http://www.amm.com/Article/3364265/Trade-action-needed-now-SDIs-Teets.htmlTue, 22 Jul 2014 21:21:00 GMTGerdau hikes wire rod products $15/TGerdau Long Steel North America is increasing prices for all wire rod products by $15 per net ton (75 cents per hundredweight) effective with Aug. 1 shipments, the company said in a July 21 letter to customers. http://www.amm.com/Article/3364261/Gerdau-hikes-wire-rod-products-15T.htmlTue, 22 Jul 2014 20:47:00 GMTOpposite credit impacts seen from mill dealSteel Dynamics Inc.’s (SDI’s) credit rating could be hurt by its $1.6-billion acquisition of the OAO Severstal’s Columbus, Miss., mini-mill, although the Russian steelmaker’s sale of its North American assets for $2.3 billion should bolster its own rating, one credit ratings agency said. http://www.amm.com/Article/3364253/Opposite-credit-impacts-seen-from-mill-deal.htmlTue, 22 Jul 2014 19:42:00 GMTCost cutting boosts Synalloy’s resultsSynalloy Corp. continues to grapple with the closure of its loss-making Bristol Fabrication unit, the company said in its quarterly earnings report. http://www.amm.com/Article/3364242/Cost-cutting-boosts-Synalloys-results.htmlTue, 22 Jul 2014 19:09:00 GMTTwo claim Commerce erred in OCTG caseTwo oil country tubular goods (OCTG) producers have claimed that the U.S. Commerce Department’s International Trade Administration (ITA) made errors in its final anti-dumping and countervailing trade case decisions. http://www.amm.com/Article/3364221/Two-claim-Commerce-erred-in-OCTG-case.htmlTue, 22 Jul 2014 18:25:00 GMTCanada launches OCTG import probeThe Canada Border Services Agency has initiated a subsidy investigation into oil country tubular goods (OCTG) from India, Indonesia, the Philippines, South Korea, Thailand, Turkey, Ukraine and Vietnam, as well as an anti-dumping case against those eight countries and Taiwan. http://www.amm.com/Article/3364207/Canada-launches-OCTG-import-probe.htmlTue, 22 Jul 2014 17:39:00 GMTUS raw steel production slips 0.5 percentU.S. raw steel output totaled an estimated 1,893,000 net tons last week, down 0.5 percent from 1,903,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.7 percent. http://www.amm.com/Article/3364183/US-raw-steel-production-slips-05-percent.htmlTue, 22 Jul 2014 16:53:00 GMTSDI’s net income surges to $72.3M in 2d qtr.Steel Dynamics Inc.’s (SDI’s) profits skyrocketed in the second quarter, with the company remaining bullish for the second half of the year. http://www.amm.com/Article/3364180/SDIs-net-income-surges-to-723M-in-2d-qtr.htmlTue, 22 Jul 2014 16:40:00 GMTArch Coal to idle Cumberland's Va., Ky. opsArch Coal Inc. is idling its Cumberland River Coal Co. complex in Wise County, Va., and Letcher County, Ky. http://www.amm.com/Article/3363896/Arch-Coal-to-idle-Cumberlands-Va-Ky-ops.htmlMon, 21 Jul 2014 23:10:00 GMTScrap brokers split on Severstal NA sale impactOAO Severstal’s sale of its North American assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. could hurt several scrap brokerage businesses, according to market participants. http://www.amm.com/Article/3363891/Scrap-brokers-split-on-Severstal-NA-sale-impact.htmlMon, 21 Jul 2014 22:38:00 GMTMarket cheers SDI move, frets about AK SteelThe sale of OAO Severstal’s U.S. mills to Steel Dynamics Inc. (SDI) and AK Steel Corp. means further consolidation of the domestic market and could lead to more-disciplined pricing, market sources said. http://www.amm.com/Article/3363883/Market-cheers-SDI-move-frets-about-AK-Steel.htmlMon, 21 Jul 2014 21:52:00 GMTDearborn will be a plus for earnings, credit: AKAK Steel Corp. expects its planned $700-million acquisition of OAO Severstal’s Dearborn, Mich., mill to be accretive to earnings and the firm’s credit line, according to its top executive. http://www.amm.com/Article/3363865/Dearborn-will-be-a-plus-for-earnings-credit-AK.htmlMon, 21 Jul 2014 20:05:00 GMTColumbus buy cheaper than building mill: SDISteel Dynamics Inc.’s (SDI’s) $1.63-billion deal for OAO Severstal’s Columbus, Miss., mini-mill is "considerably below the cost and time frame of starting up a comparable greenfield facility," president and chief executive officer Mark D. Millett said. http://www.amm.com/Article/3363861/Columbus-buy-cheaper-than-building-mill-SDI.htmlMon, 21 Jul 2014 19:35:00 GMTSDI, AK buying Severstal US assets for $2.33BRussian steelmaker OAO Severstal has agreed to sell its North American assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. for a combined $2.33 billion, leaving the U.S. market after a decade establishing itself as an important domestic player. http://www.amm.com/Article/3363773/SDI-AK-buying-Severstal-US-assets-for-233B.htmlMon, 21 Jul 2014 17:14:00 GMTNAS said unlikely to follow Aug. hikeNorth American Stainless Inc. (NAS) is not expected to follow stainless steel base price increases slated for August by Allegheny Technologies Inc. (ATI), according to market sources. http://www.amm.com/Article/3363757/NAS-said-unlikely-to-follow-Aug-hike.htmlMon, 21 Jul 2014 16:36:00 GMTUS drilling dips, Canada jumpsThe number of drill rigs running in the United States fell by four last week.http://www.amm.com/Article/3363721/US-drilling-dips-Canada-jumps.htmlMon, 21 Jul 2014 15:56:00 GMTBenxi declines to help US in wire rod caseChinese steelmaker Benxi Beiying Iron & Steel Group Co. Ltd. and its corporate affiliates have declined to provide additional information to the U.S. Commerce Department in a subsidy and dumping investigation of carbon steel wire rod imports. http://www.amm.com/Article/3363725/Benxi-declines-to-help-US-in-wire-rod-case.htmlMon, 21 Jul 2014 15:55:00 GMTEssar plans coke battery repairsEssar Steel Algoma Inc. will team with China’s Sinosteel Corp. to conduct through-wall repairs on one of its coke oven batteries, according to the company’s website. http://www.amm.com/Article/3363687/Essar-plans-coke-battery-repairs.htmlMon, 21 Jul 2014 14:08:00 GMTMcKinsey turnaround expert hired by EssarEssar Steel Algoma Inc. retained McKinsey & Co. in June as it looked to restructure roughly a month before filing for Chapter 15 bankruptcy court protection, according to a company letter obtained by AMM. http://www.amm.com/Article/3363473/McKinsey-turnaround-expert-hired-by-Essar.htmlFri, 18 Jul 2014 22:18:00 GMTElectrical steel industry cheers imports rulingThe domestic grain-oriented electrical steel industry praised the affirmative final ruling in an anti-dumping investigation of imports from three countries, but analysts warned that shifting end markets and continuing import penetration have dimmed the long-term outlook. http://www.amm.com/Article/3363471/Electrical-steel-industry-cheers-imports-ruling.htmlFri, 18 Jul 2014 21:56:00 GMTW. Coast flat-rolled tags may have hit bottomFlat-rolled steel prices may have hit bottom on the West Coast as buyers speculate on the possibility of trade cases and price increases. http://www.amm.com/Article/3363467/W-Coast-flat-rolled-tags-may-have-hit-bottom.htmlFri, 18 Jul 2014 21:24:00 GMTImpact of Essar's Ch. 15 filing said limitedEssar Steel Algoma Inc. customers said it was too early to judge the impact of the company’s Chapter 15 bankruptcy court petition on their operations as the steelmaker has had only a limited presence in the spot market this year. http://www.amm.com/Article/3363445/Impact-of-Essars-Ch-15-filing-said-limited.htmlFri, 18 Jul 2014 20:32:00 GMTCasablanca vetoes proposed Cliffs compromiseActivist hedge fund Casablanca Capital LP has rejected a compromise recommended by independent proxy advisor Institutional Shareholder Services Inc. (ISS) ahead of iron ore miner Cliffs Natural Resources Inc.’s annual meeting July 29. http://www.amm.com/Article/3363435/Casablanca-vetoes-proposed-Cliffs-compromise.htmlFri, 18 Jul 2014 19:36:00 GMTWire rod market split on price hikes holdingWire rod price increases by major domestic mills could stick for August and beyond, although market participants are uncertain about whether the market will bear the higher tags indefinitely. http://www.amm.com/Article/3363433/Wire-rod-market-split-on-price-hikes-holding.htmlFri, 18 Jul 2014 19:17:00 GMTNucor opposes anti-dumping system changeThe implementation of a prospective anti-dumping duty system would lead to “abuse on a massive scale,” a top Nucor Corp. executive said in testimony before a U.S. Senate Committee on Appropriations Subcommittee on Homeland Security.http://www.amm.com/Article/3363414/Nucor-opposes-anti-dumping-system-change.htmlFri, 18 Jul 2014 18:21:00 GMTIntegris said new owner of Bri-Chem steel pipe assetsBri-Chem Corp. has sold its steel pipe manufacturing and distribution business to a U.S.-based steel company. http://www.amm.com/Article/3363305/Integris-said-new-owner-of-Bri-Chem-steel-pipe-assets.htmlFri, 18 Jul 2014 14:44:00 GMTEvraz NA’s steel output dips; expects pickupEvraz Inc. North America’s steel output fell 2 percent in the second quarter compared with the first three months of the year, but production is expected to pick up in the third quarter on strong demand and fewer outages. http://www.amm.com/Article/3363082/Evraz-NAs-steel-output-dips-expects-pickup.htmlFri, 18 Jul 2014 00:45:00 GMTCommerce issues final duties on GOES importsThe U.S. Commerce Department’s International Trade Administration has assessed final anti-dumping duty margins ranging from 78.1 to 241.91 percent on imports of grain-oriented electrical steel (GOES) from Germany, Japan and Poland. http://www.amm.com/Article/3363081/Commerce-issues-final-duties-on-GOES-imports.htmlFri, 18 Jul 2014 00:17:00 GMTEssar Steel Algoma files for Ch. 15 protectionEssar Steel Algoma Inc. has filed for Chapter 15 bankruptcy court protection as it looks to restructure from what it considers unsustainable debt and pension obligations. http://www.amm.com/Article/3363076/Essar-Steel-Algoma-files-for-Ch-15-protection.htmlThu, 17 Jul 2014 23:32:00 GMTSteel beam market steady, imports declineSteel beam prices have remained steady as imports fail to put much pressure on domestic mill tags.http://www.amm.com/Article/3363080/Steel-beam-market-steady-imports-decline.htmlThu, 17 Jul 2014 23:10:00 GMTMagnetation raises $100M to fund expansion projectsIron ore joint venture Magnetation LLC has closed a $100-million senior secured notes offering that will allow the company to complete iron ore expansion projects ahead of schedule and enable higher production capacity. http://www.amm.com/Article/3363075/Magnetation-raises-100M-to-fund-expansion-projects.htmlThu, 17 Jul 2014 23:06:00 GMTSouthern energy tubular demand said boomingSouthern energy tubular demand is said to be robust as line pipe projects are in the execution stage, while last week’s ruling in an oil country tubular goods (OCTG) trade case against nine countries has spurred some speculative buying, according to market sources. http://www.amm.com/Article/3363073/Southern-energy-tubular-demand-said-booming.htmlThu, 17 Jul 2014 22:55:00 GMTTimkenSteel plans continuous heat-treat plantTimkenSteel Corp. plans to open a $40-million continuous heat-treat facility in the U.S. “to produce more value-added steel for demanding applications,” the alloy steel producer said July 17.http://www.amm.com/Article/3363070/TimkenSteel-plans-continuous-heat-treat-plant.htmlThu, 17 Jul 2014 22:20:00 GMTFreight carrier sues Essar Steel AlgomaCSX Transportation Inc. is suing Essar Steel Algoma Inc. for allegedly failing to pay common carrier freight charges. http://www.amm.com/Article/3363056/Freight-carrier-sues-Essar-Steel-Algoma.htmlThu, 17 Jul 2014 21:52:00 GMTSteel sheet prices hold, but hikes expectedSteel sheet prices continued to hold steady this week, although market sources expect increases—perhaps imminently—in response to trade actions already undertaken or soon to be filed by U.S. mills. http://www.amm.com/Article/3363048/Steel-sheet-prices-hold-but-hikes-expected.htmlThu, 17 Jul 2014 21:06:00 GMTNucor boosting wire rod $15/TNucor Corp.’s Connecticut division is raising prices on all wire rod products by $15 per ton effective Aug. 1, the company said in a July 16 letter to customers. http://www.amm.com/Article/3363038/Nucor-boosting-wire-rod-15T.htmlThu, 17 Jul 2014 19:29:00 GMTHigher shipments boost Insteel earningsInsteel Industries Inc.’s earnings jumped in its fiscal third quarter on an improvement in shipments, higher spreads between selling prices and raw material costs and lower unit conversion costs. http://www.amm.com/Article/3363030/Higher-shipments-boost-Insteel-earnings.htmlThu, 17 Jul 2014 19:17:00 GMTUSS customer service said moved to OntarioU.S. Steel Corp. has moved customer service for its Canadian operations back to Hamilton, Ontario, from Pittsburgh, according to sources familiar with the matter. http://www.amm.com/Article/3362931/USS-customer-service-said-moved-to-Ontario.htmlThu, 17 Jul 2014 15:53:00 GMTSDI closes books for some flat-rolledSteel Dynamics Inc. (SDI) has closed its books for most flat-rolled products from its operations in Butler, Ind., and Jeffersonville, Ind., according to customer letters. http://www.amm.com/Article/3362596/SDI-closes-books-for-some-flat-rolled.htmlThu, 17 Jul 2014 00:01:00 GMTSteel shipments jump on strength in autosThe summer doldrums may be less dull than usual this year as service center shipments ramp up due to customer restocking and improved demand from the automotive sector. http://www.amm.com/Article/3362594/Steel-shipments-jump-on-strength-in-autos.htmlWed, 16 Jul 2014 23:32:00 GMTWest Coast structural tubing prices slideWest Coast structural steel tubing prices have fallen about $20 per ton ($1 per hundredweight) over the past six weeks, but demand appears to be holding up and preliminary dumping duties on imports of other tubular products have so far not scared off South Korea, the region’s largest offshore source. http://www.amm.com/Article/3362584/West-Coast-structural-tubing-prices-slide.htmlWed, 16 Jul 2014 22:40:00 GMTLawmakers claim imports pared OCTG profitsDomestic oil country tubular goods (OCTG) producers’ earnings have been crimped by dumped imports at a time when they should be booming, U.S. lawmakers said during a public hearing before the U.S. International Trade Commission (ITC) July 15. http://www.amm.com/Article/3362560/Lawmakers-claim-imports-pared-OCTG-profits.htmlWed, 16 Jul 2014 21:51:00 GMT