Steelhttp://www.amm.com©2014 www.amm.com60SteelPreliminary margins set vs. China wire rodU.S. imports of steel wire rod from China are facing preliminary anti-dumping margins of 106.19 to 110.25 percent following an affirmative dumping determination by the U.S. Commerce Department., 02 Sep 2014 23:52:00 GMTSandvik divests distribution assets Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd. with the deal expected to close in October., 02 Sep 2014 22:56:00 GMTNucor said mulling Gallatin Steel acquisitionNucor Corp. may be considering an acquisition of Gallatin Steel Co., market sources said., 02 Sep 2014 21:44:00 GMTCIT remands Deacero steel wire rod caseThe U.S. Court of International Trade (CIT) has again remanded a Commerce Department anti-dumping ruling regarding wire rod from Mexican producer Deacero SAPI de CV, a move welcomed by the domestic industry., 02 Sep 2014 21:17:00 GMTBig River Steel sets date for mill groundbreakingBig River Steel LLC plans to hold an official groundbreaking ceremony for its $1.3-billion steel mill near Osceola, Ark., on Sept. 22, a company executive said., 02 Sep 2014 18:38:00 GMTJindal Tubular finalizes PSL North America buyJindal Tubular USA LLC, a subsidiary of India’s Jindal SAW Ltd., has completed its $104-million acquisition of bankrupt large-diameter spiral-weld pipe maker PSL North America LLC., 02 Sep 2014 17:24:00 GMTDrilling increases in US, CanadaThe number of drill rigs running in the United States rose by four last week., 02 Sep 2014 13:43:00 GMTUS-import plate price spread widens on W. CoastEnergy-related business and its domestic melt requirements continue to drive West Coast steel plate demand while distributors battle in what some describe as a separate market where pricing is dominated by lower import tags., 29 Aug 2014 22:36:00 GMTRebar prices rise on strong demandU.S. rebar markets remained strong in late August, with market participants reporting busy mills, robust demand and stable to higher prices., 29 Aug 2014 21:34:00 GMTUS, imported steel sheet prices divergeDomestic and imported steel sheet prices moved in opposite directions this past week as potential trade actions sent some traders scrambling for new suppliers while domestic steel buyers questioned the sustainability of current price levels., 29 Aug 2014 20:43:00 GMTBuyers bristle at latest steel plate increasesSteel plate prices have moved up over the past week following a round of increases by several major domestic producers., 29 Aug 2014 20:36:00 GMTLine pipe trade case could come by mid-OctoberWith domestic producers of welded line pipe reportedly struggling with low margins, a trade case targeting imports from South Korea and Turkey could be filed as early as mid-October, market sources told AMM this past week., 29 Aug 2014 20:05:00 GMTCanada wants more proof in rebar trade caseThe Canadian International Trade Tribunal (CITT) has asked the country’s rebar producers to present a more compelling case for material injury prior to its final decision in an anti-dumping trade investigation of imports from China, South Korea and Turkey., 29 Aug 2014 18:47:00 GMTSteel beam imports poised to fall in Aug. after July gainsSteel beam imports are poised to fall in August after hitting their highest monthly total for the year in July as the threat of domestic trade complaints may have dampened foreign offers., 28 Aug 2014 22:40:00 GMTArcelorMittal hiking coating extrasArcelorMittal USA LLC plans to increase coating extras for hot-dipped galvanized and galvannealed products because of higher zinc costs., 28 Aug 2014 22:08:00 GMTGOES imports to weaken despite ITC: analystForeign producers of grain-oriented electrical steel (GOES) will be "extremely cautious" about the volume of material they ship to North America in the coming months, one market analyst said, despite this week’s ruling that struck down proposed dumping duties on U.S. imports from Germany, Japan and Poland., 28 Aug 2014 21:59:00 GMTOCTG case boon for JMC, Edgen: Moody’sAnti-dumping and countervailing duties levied against imports of oil country tubular goods (OCTG) from six countries should bode well for the credit ratings of pipe and tube producer JMC Steel Group Inc. and distributor Edgen Group Inc., according to Moody’s Investors Service Inc., 28 Aug 2014 20:26:00 GMTIndustry comment: Twists, turns and treacherous curves in steel trade protectionThe flurry of critiques about the alleged role of steel imports in the financial troubles of some elements of our domestic steel industry, most recently in the oil country tubular goods (OCTG) sector, reminds me of a recent visit to a remarkable gallery exhibition of a prominent American abstract Impressionist artist., 28 Aug 2014 20:09:00 GMTEssar Steel ‘explosion’ injures fourFour contract employees at Essar Steel Algoma Inc. were injured while conducting maintenance work on the steelmaker’s No. 7 blast furnace. All four were hospitalized., 28 Aug 2014 18:38:00 GMTSteelmakers renew push to end Russia treatyDomestic flat-rolled steel producers have renewed their call to end an agreement suspending anti-dumping duties on flat-rolled imports from Russia., 28 Aug 2014 18:14:00 GMTEvraz boosting slab supplies from Russia to NA operationsEvraz Plc’s Nizhny Tagil Metallurgical Plant in Russia (Evraz NTMK) is ramping up slab supplies to the steelmaker’s North American operations., 28 Aug 2014 14:59:00 GMTLabor Day holiday noticeAMM’s offices will be closed Monday, Sept. 1, in observance of Labor Day, and there will be no issue dated Tuesday, Sept. 2., 28 Aug 2014 00:11:00 GMTEvraz eyes funding for N. America operationsEvraz Plc has no "immediate plans" to sell a stake in its North American operations, although it is mulling ways to raise funding to develop them, a top company executive said., 28 Aug 2014 00:06:00 GMTEvraz sees trade cases lifting OCTGRussian steelmaker Evraz Plc expects to see stronger oil country tubular goods (OCTG) prices in North America thanks to trade petitions filed in the United States and Canada, a company executive said., 27 Aug 2014 23:38:00 GMTW. Coast still receiving China cold-roll offersOffers of Chinese cold-rolled steel continue to trickle into the West Coast as buyers turn their attention to possible alternative offshore sources if a rumored trade complaint is filed., 27 Aug 2014 23:31:00 GMTGOES imports from 3 nations not hurting USImports of grain-oriented electrical steel (GOES) from Germany, Japan and Poland are not injuring or threatening to injure the U.S. industry, the International Trade Commission (ITC) ruled Aug. 27, and as a result no anti-dumping duties will be imposed., 27 Aug 2014 23:12:00 GMTATI delaying stainless steel price hike againAllegheny Technologies Inc.’s (ATI’s) Flat Rolled Products segment is again delaying a proposed stainless steel price increase to Sept. 29 after market leader North American Stainless Inc. (NAS) slated a hike starting in October., 27 Aug 2014 22:37:00 GMTDistributors’ OCTG sales prices hit new highDistributors’ oil country tubular goods (OCTG) prices hit a 21-month high in August after logging a fourth consecutive monthly increase., 27 Aug 2014 22:33:00 GMTGerdau hot commissions St. Paul casterGerdau SA has begun hot commissioning of the new four-strand Danieli billet caster at its mill in St. Paul, Minn., and expects the caster to reach full production by the fourth quarter, the steelmaker said Aug. 27., 27 Aug 2014 22:30:00 GMTUS-import price gap for OCTG slimsThe price gap between foreign and U.S. oil country tubular goods (OCTG) has narrowed as tags for imported product continue to rise following an injury determination against offshore product from six nations, including largest supplier South Korea., 27 Aug 2014 20:08:00 GMTCliffs eyes divesting nickel-iron projectCliffs Natural Resources Inc.’s Canadian subsidiary is seeking to divest its entire 60-percent stake in the Decar nickel-iron project in British Colombia, according to project stakeholder First Point Minerals Corp., 27 Aug 2014 19:50:00 GMTRebar mills ask Commerce to reject Turkey’s complaintA complaint by Turkish rebar exporters about the timing and content of a meeting in late July between U.S. rebar producers and Commerce Department officials should be rejected, the Rebar Trade Action Coalition said., 27 Aug 2014 18:20:00 GMTTurkish mills blast US execs-Commerce meetThe meeting between top reinforcing bar executives and U.S. Commerce Department officials in July is "troubling," Turkish rebar mills said in objecting to the event., 27 Aug 2014 00:52:00 GMTRussia, China drive steel imports up in JulyU.S. steel mill product imports rose 6.1 percent in July due in part to increased inflows of hot-rolled coil from Russia, and cold-rolled and hot-dipped galvanized from China., 27 Aug 2014 00:27:00 GMTW. Coast hot-rolled not fetching full increasesWest Coast price hikes for hot-rolled steel may be meeting some success, but the full $25-per-ton ($1.25-per-hundredweight) increase sought by steelmakers probably isn’t sticking, according to market sources., 26 Aug 2014 22:29:00 GMTUS trade petition targets China steel shelvingEdsal Manufacturing Co. Inc., the largest U.S. manufacturer of boltless steel shelving, has filed a trade petition against Chinese producers of the product., 26 Aug 2014 21:56:00 GMTOCTG demand boosts TMK Ipsco resultsTMK Ipsco, the domestic subsidiary of Russia’s OAO TMK, saw improved financial results in the second quarter and first half of 2014 due to higher shipments of seamless pipe, 26 Aug 2014 21:37:00 GMTAnalysts bullish on US steel industryWall Street analysts have turned upbeat on prospects for the U.S. steel sector, highlighting U.S. Steel Corp. and ArcelorMittal SA as promising picks due partly to better pricing trends., 26 Aug 2014 21:05:00 GMTUS OCTG mills appeal Jesco duty exclusionFour domestic oil country tubular goods (OCTG) producers are appealing a U.S. decision to exclude Jubail Energy Services Co. (Jesco) from dumping duties against product from Saudi Arabia., 26 Aug 2014 20:57:00 GMTAlloy Metals & Tubes names Salinas to senior sales postAlloy Metals & Tubes International Inc. has appointed Christopher Salinas as a senior outside sales representative., 26 Aug 2014 18:19:00 GMTHysco to appeal OCTG decisionHyundai Hysco Co. and the South Korean government plan to lodge a complaint with the World Trade Organization regarding anti-dumping duties recently imposed on Hysco’s oil country tubular goods (OCTG) shipments to the United States., 26 Aug 2014 17:24:00 GMTUS raw steel production at 27-month highU.S. raw steel output totaled an estimated 1,932,000 net tons last week, up 0.7 percent from 1,919,000 tons the previous week, as mills operated at an average capacity utilization rate of 80.3 percent. It was the highest weekly level since the end of May 2012, when production reached 1,961,000 tons at an average capacity utilization rate of 79.6 percent., 26 Aug 2014 14:50:00 GMTTrade case vs. cold-roll, coated steel said nearA far-reaching trade case against cold-rolled and coated flat-rolled steel could be filed within the next 10 days, according to trader sources., 26 Aug 2014 00:06:00 GMTOCTG import prices set to riseThe United States likely will see prices for imported oil country tubular goods (OCTG) log further gains following the imposition of anti-dumping and countervailing duties on shipments from six countries., 25 Aug 2014 23:34:00 GMTCliffs’ Bloom Lake targets said impossibleThe New Jersey Treasury Department’s investment division has provided details of alleged securities fraud at Cliffs Natural Resources Inc. regarding the development of its Bloom Lake iron ore mine in Quebec based on interviews with 28 confidential witnesses., 25 Aug 2014 23:24:00 GMTOCTG rulings won’t hinder S. Korea sheet, plateAn anti-dumping ruling against South Korean oil country tubular goods (OCTG) won’t scare away the Korean hot-rolled sheet and plate that represents the main alternative to domestic sourcing on the West Coast, market sources said this week., 25 Aug 2014 23:02:00 GMTStrong N. American mart helps BlueScope trim lossBlueScope Steel Ltd. narrowed its fiscal 2014 net loss by 23.1 percent, aided by solid North American results., 25 Aug 2014 21:59:00 GMTCliffs launches $200M share buyback programIron ore miner Cliffs Natural Resources Inc.’s directors have authorized share buybacks worth up to $200 million, the company said Aug. 25., 25 Aug 2014 21:35:00 GMTEmpire Industries’ earnings, sales jumpEmpire Industries Ltd.’s earnings and sales jumped in the second quarter on more profitable bookings in its steel fabrication segment., 25 Aug 2014 17:56:00 GMTSDI said mulling Gallatin Steel acquisitionSteel Dynamics Inc. (SDI) is mulling an acquisition of electric-arc furnace hot-rolled coil producer Gallatin Steel Co., according to market sources., 25 Aug 2014 15:05:00 GMTUS drilling slides, Canada risesThe number of drill rigs running in the United States fell by 17 last week., 25 Aug 2014 15:05:00 GMTChina to appeal WTO decisionChina plans to appeal a World Trade Organization decision on 17 countervailing duty investigations conducted by the U.S. Commerce Department from 2007 to 2012, including on oil country tubular goods, pressure pipe and line pipe., 25 Aug 2014 14:33:00 GMTPlate prices poised to rise, sentiment mixedPlate prices appear poised to move upward after three major domestic producers recently announced increases of $30 to $40 per ton ($1.50 to $2 per hundredweight)., 23 Aug 2014 00:05:00 GMTOutokumpu's Calvert mill will meet commitmentsOutokumpu Stainless USA LLC’s Calvert, Ala., mill will meet “all fourth-quarter customer commitments,” a company spokeswoman told AMM, despite persistent rumors that maintenance issues have affected production and raw materials consumption at the site., 22 Aug 2014 23:36:00 GMTEnergy plants lift construction index in JulyEnergy-related plant construction helped push a key domestic building index up 6 percent in July., 22 Aug 2014 23:27:00 GMTTakeover could strengthen PSL North AmericaPSL North America LLC’s pending sale to India’s Jindal SAW Ltd. could make the mill a more viable competitor in the large-diameter spiral-welded pipe market due to its new parent’s deeper pockets, industry participants told AMM this past week., 22 Aug 2014 23:16:00 GMTChina rod/bar import confusion fadesU.S. imports of Chinese hot-rolled bar have plummeted from year-ago levels, mirroring a decline in Chinese wire rod imports, and market sources said the issue of misclassified material has become less of a problem this year., 22 Aug 2014 22:01:00 GMTW. Coast tubing prices stabilize after declinesStructural steel tubing prices remain flat on the West Coast and show little sign of rising after falling earlier this summer., 22 Aug 2014 21:23:00 GMTMercedes swaps aluminum pistons for steelGerman automaker Mercedes-Benz will replace aluminum pistons with high-tech steel pistons in one of its diesel passenger vehicles starting in September., 22 Aug 2014 20:34:00 GMTNAS boosting stainless steel prices in Oct.North American Stainless Inc. (NAS) will increase stainless steel prices across a variety of grades and products effective Oct. 1., 22 Aug 2014 20:19:00 GMTEx-PSL North America chief Vaill joins Trinity IndustriesFormer PSL North America LLC chief executive officer Brian Vaill is now a vice president at Trinity Industries Inc., according to his LinkedIn profile., 22 Aug 2014 19:53:00 GMTNo politics in trade rulings: CommerceThe U.S. Commerce Department has reiterated that politics are not relevant in the conduct of trade investigations, even as lobbying from lawmakers and interest groups escalates amid a string of steel trade cases this year., 22 Aug 2014 18:54:00 GMTITC vote puts duties on OCTG from six nations Imports of oil country tubular goods (OCTG) from India, South Korea, Taiwan, Turkey, Ukraine and Vietnam are harming the domestic industry, the U.S. International Trade Commission (ITC) ruled unanimously Aug. 22., 22 Aug 2014 17:50:00 GMTArcelorMittal, SSAB boost plate pricesArcelorMittal USA LLC and SSAB Americas have followed an earlir move by Nucor Corp. and raised plate prices., 22 Aug 2014 14:45:00 GMTCanadian rail car builder hiring workersNational Steel Car Ltd., Canada’s only rail car builder, is boosting employment, spurred by its recent entry into tank cars and rising demand for its traditional lines of freight cars., 21 Aug 2014 23:41:00 GMTEssar Steel’s Ch. 15 petition approvedEssar Steel Algoma Inc.’s petition for protection under Chapter 15 of the U.S. Bankruptcy Code has been approved., 21 Aug 2014 23:31:00 GMTCargill offering cold-rolled coilCargill Inc. is offering "immediate shipment" of cold-rolled coil for $38 to $39 per hundredweight ($760 to $780 per ton) from two Midwest sites, the company told customers., 21 Aug 2014 23:28:00 GMTSteel sheet tags mixed, price direction dividedHot-rolled band prices held their ground while cold-rolled coil tags edged down this week, due perhaps to import pressure., 21 Aug 2014 22:03:00 GMTMetinvest subsidiary backs ITC rulingA subsidiary of Ukrainian steelmaker Metinvest is intervening in a dispute over a U.S. International Trade Commission (ITC) decision allowing anti-dumping duties on Ukrainian wire rod to expire, which U.S. producers have argued will result in Ukrainian exporters dumping wire rod into the domestic market., 21 Aug 2014 21:52:00 GMTUS pushes case vs. Turkish rebar at meetingThe U.S. steel industry continues efforts to step up pressure in a trade case against Turkish reinforcing bar products, with several domestic producers and their legal counsel meeting with Commerce Department officials., 21 Aug 2014 21:38:00 GMTUSS lifts coating extras; others seen followingDomestic steelmakers are continuing their push to raise zinc coating extras in an effort to offset higher costs., 21 Aug 2014 21:06:00 GMTNucor facility adds automated fence post systemArnold Machine Inc. has built an automated system to cut, paint and bundle fence posts at Nucor Corp.’s mill in Plymouth, Utah., 21 Aug 2014 18:38:00 GMTUSS boosts zinc coating extrasU.S. Steel Corp. has increased prices for coating-weight extras for hot-dipped galvanized and galvannealed products., 20 Aug 2014 23:51:00 GMTBeam trade case threat could impact importsReports that U.S. steel beam mills are contemplating trade action against imports could put an initial damper on some traders’ willingness to quote material, but it also could spur others to move beams here as soon as possible, market sources said this week., 20 Aug 2014 23:19:00 GMTCorsa completes buy of PBS CoalsCanadian coal miner Corsa Coal Corp. has completed its $60-million acquisition of PBS Coals Inc., the North American coal assets of OAO Severstal., 20 Aug 2014 23:02:00 GMTITC’s India steel rod ruling faces challengeU.S. producers of steel threaded rod will appeal a recent U.S. International Trade Commission (ITC) decision that Indian rod imports are not injuring or threatening to injure the domestic industry, mirroring a similar appeal in a trade case against Thailand., 20 Aug 2014 22:48:00 GMTUS, India appealing parts of WTO steel decisionThe United States and India have separately appealed parts of a World Trade Organization (WTO) ruling on steel trade between the two countries, with both governments faulting "issues of law and legal interpretation" in the July report., 20 Aug 2014 21:59:00 GMTPSL North America sold to India's Jindal SAWBankrupt large-diameter spiral-weld pipe maker PSL North America LLC has been sold to India’s Jindal SAW Ltd. for $100 million., 20 Aug 2014 21:34:00 GMTScrap price sentiment said improving for Sept.Strengthening steel mill order books, finished steel prices and ferrous scrap export prices, combined with tighter scrap supply and transportation issues, have boosted market sentiment for domestic scrap prices in September., 20 Aug 2014 21:12:00 GMTPlymouth Tube to close Wisconsin facilityPlymouth Tube Co. is planning to permanently shutter a plant in East Troy, Wis., starting in mid-October., 20 Aug 2014 20:36:00 GMTChina, US boost global steel outputGlobal crude steel output rose 1.7 percent last month to more than 136.8 million tonnes, led by Asia, North America and the Commonwealth of Independent States (CIS)., 20 Aug 2014 20:04:00 GMTSeverstal Columbus to pay $135,000 penaltySeverstal North America Inc. has agreed to pay a $135,000 penalty to settle alleged operating permit violations at its electric-arc furnace operation in Columbus, Miss., according to Mississippi Commission on Environmental Quality documents., 20 Aug 2014 17:21:00 GMTUSS 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 GMT