Steel RSS

  • WC sees effects of possible filings vs. China Jul 30, 2014

    Steel buyers on the West Coast are seeing increased wariness from sellers of Chinese cold-rolled and galvanized sheet as possible trade complaints loom.

  • OCTG ruling vs. Korea may bolster US projects Jul 30, 2014

    The recent dumping margins assessed on imports of oil country tubular goods (OCTG) from South Korea could set some domestic expansion projects rolling again, market sources told AMM.

  • Gerdau posts strong N. America results Jul 30, 2014

    Gerdau SA’s North America business saw significantly higher production, sales and earnings in the second quarter due in part to strong demand.

  • No summer doldrums for flat steels: Longhi Jul 30, 2014

    The North American flat-rolled steel market has escaped the "summer doldrums" and remains on solid footing despite increased imports, U.S. Steel’s top executive said.

  • U.S. Steel considering investment in EF, DRI Jul 30, 2014

    U.S. Steel Corp. is examining investments in both electric-arc furnace (EF) and direct-reduced iron (DRI) capabilities as it continues to mull both organic growth and acquisitions, executives said.

  • Scrap price sentiment seen climbing for Aug. Jul 30, 2014

    U.S. steel mills are unlikely to cancel outstanding scrap orders July 31 as market sentiment on August’s price direction improves.

  • USS mulling options for Canada operations Jul 30, 2014

    U.S. Steel Corp.’s Canadian operations are not profitable, but the steelmaker has yet to decide how best to address the situation, the company’s top executive said.

  • Severstal NA’s earnings climb 33.3% in qtr. Jul 30, 2014

    Severstal North America Inc.’s earnings before interest, taxes, depreciation and amortization (Ebitda) climbed 33.3 percent sequentially in the second quarter as rolled product sales rose 6 percent, parent company OAO Severstal said in its quarterly financial results.

  • Casablanca claims victory vs. Cliffs Jul 30, 2014

    Activist investor Casablanca Capital LP is claiming a win in its months-long proxy battle with iron ore miner Cliffs Natural Resources Inc., although Cliffs was not so quick to concede.

  • ASW acquires RettCo Steel assets Jul 30, 2014

    American Spring Wire Corp. (ASW) has purchased the assets of prestressed concrete strand producer RettCo Steel LLC.

  • ATI Ludlum raw materials supervisor dies Jul 30, 2014

    Daniel J. Affrica, senior supervisor of raw materials for ATI Allegheny Ludlum Corp., died July 27 in Pittsburgh. He was 63.

  • Deacero mulls wire rod ruling appeal Jul 30, 2014

    Mexican 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.

  • No talks with USS on Double Eagle: AK Jul 30, 2014

    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.

  • Weak aero, energy demand hurts Carpenter Jul 29, 2014

    Carpenter 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.

  • HSS prices softer, but rise expected soon Jul 29, 2014

    Hollow 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.

  • USS logs loss in qtr.; better times seen ahead Jul 29, 2014

    U.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.

  • OCTG gains momentum after dumping verdict Jul 29, 2014

    Oil 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.

  • AK execs see electrical steel turnaround Jul 29, 2014

    AK Steel Corp. believes that "after a multi-year decline, the tide is beginning to turn" for the global electrical steel market.

  • Ohio plant lockout won’t slow deliveries: PTC Jul 29, 2014

    PTC Alliance Corp. doesn’t expect customer deliveries to be affected by a lockout of unionized workers at its Alliance, Ohio, manufacturing facility.

  • ‘Unplanned stoppage’ hits AK Ashland furnace Jul 29, 2014

    AK Steel Corp.’s Ashland (Ky.) Works recently suffered an "unplanned stoppage" of its blast furnace, a company spokesman said, confirming industry reports.

  • US raw steel output reaches 25-month high Jul 29, 2014

    U.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.

  • AK Steel losses narrow in qtr. as sales rise Jul 29, 2014

    AK 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.

  • PTC locks out workers at Ohio plant Jul 28, 2014

    PTC 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.

  • USS amends credit agreements for Canada ops Jul 28, 2014

    U.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.

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