Steel

  • Americas to drive Outokumpu profitability Sep 25, 2014

    Outokumpu Oyj’s Coil Americas operation, especially its Calvert, Ala., production facility, is a key driver of the company’s profitability improvement goals, the Espoo, Finland-based stainless steel producer said Sept. 25.

  • Trade tensions create ‘touchy’ situation: Worthington Sep 25, 2014

    The global steel trade is increasingly volatile as a result of geopolitical turmoil and the threat of U.S. trade actions, a Worthington Industries Inc. executive said.

  • Worthington targets aluminum, AHSS, Mexico Sep 25, 2014

    Worthington Industries Inc. sees growth prospects in aluminum, advanced high-strength steels and Mexico as the automotive industry changes how and where it makes vehicles, company executives said.

  • Distributor OCTG prices near two-year high Sep 25, 2014

    Distributors’ oil country tubular goods (OCTG) prices hit a nearly two-year high in September amid positive market sentiment after a successful trade case by U.S. producers.

  • Universal faces alleged ‘whistleblower’ suit Sep 25, 2014

    A unit of Universal Stainless & Alloy Products Inc. is being sued by the U.S. Labor Department for allegedly violating federal whistleblower protection laws.

  • Sandmeyer Steel taps sales exec Sep 25, 2014

    Sandmeyer Steel Co. has named Kimberly A. Rodriguez district sales manager for the New England territory, replacing Carl B. Schulz, who retired earlier this year after 44 years of service.

  • Carpenter Technology braces for weaker results Sep 24, 2014

    Carpenter Technology Corp. expects cost, output and mix issues at its specialty alloys operations to negatively impact fiscal first-quarter earnings results.

  • US steel imports slide 5% in Aug. vs. July Sep 24, 2014

    U.S. steel mill product imports fell 5 percent month on month in August, led by lower inflows of hot-rolled sheet, heavy structural shapes and coiled plate compared with July.

  • Keystone to upgrade Illinois rod mill Sep 24, 2014

    Keystone Steel & Wire Co. will upgrade its Bartonville, Ill., wire rod mill by improving its cooling conveyors and adding new equipment.

  • Mexico’s Canacero strikes back on rebar Sep 24, 2014

    Mexican steel association Canacero has hit back against claims that Mexican rebar imports into the United States have harmed U.S. steelmakers.

  • Steel battling wood in building market Sep 24, 2014

    Cold-formed steel has struggled to beat back competition from wood in the nonresidential construction market as overall demand for such products remains short of pre-recession levels.

  • GrafTech cuts 2014 outlook, chases savings Sep 24, 2014

    GrafTech International Ltd. is slashing its 2014 earnings guidance as a result of “continued pressure on products for the consumer electronics end market and a weakening in graphite electrode demand outside of the U.S.,” the company said.

  • Vallourec USA sets OCTG casing price hike Sep 24, 2014

    Vallourec USA Corp. is raising oil country tubular goods (OCTG) casing prices by $100 to $150 per ton effective with shipments Jan. 1, according to a Sept. 24 letter to customers.

  • Crucible raising prices for stainless rounds, shapes Sep 24, 2014

    Crucible Industries LLC is raising base prices on all stainless steel rolled rounds and shapes effective Oct. 1.

  • USS Canada trade creditors owed $71M Sep 24, 2014

    U.S. Steel Canada Inc. owes about Canadian $78.8 million ($71 million) to hundreds of trade creditors in the United States and Canada, according to documents filed in the Ontario Superior Court of Justice.

  • USS Canada to sell Lake Erie, Hamilton Sep 24, 2014

    U.S. Steel Canada Inc. intends to conduct separate sales of its Hamilton Works in Hamilton, Ontario, and its Lake Erie Works in Nanticoke, Ontario, according to documents filed in the Ontario Superior Court of Justice.

  • Big River names management team Sep 23, 2014

    Big River Steel LLC has named executives from the former Severstal North America Inc., SMS Siemag AG and investment banking firm Global Principal Partners LLC to its management team.

  • USS mulled pre-filing split of Canada unit: USW Sep 23, 2014

    U.S. Steel Corp. considered splitting up its Canadian operations prior to filing for relief from creditors, and keeping its Lake Erie Works in Nanticoke, Ontario, according to one United Steelworkers union official.

  • Commerce sets final margins on Czech GOES Sep 23, 2014

    The U.S. Commerce Department has set dumping margins as high as nearly 36 percent in its final determination in a trade case against imports of grain-oriented electrical steel (GOES) from the Czech Republic.

  • Chinese engineered steel coil rod escapes duty Sep 23, 2014

    Engineered steel coil rod imported by A.L. Patterson Inc. from China should not fall within the scope of anti-dumping duties on Chinese steel threaded rod, the U.S. Court of Appeals for the Federal Circuit has ruled.

  • Second USS Fairfield Works employee dies Sep 23, 2014

    A second U.S. Steel Corp. worker has died from injuries sustained in an explosion at the steelmaker’s operations in Fairfield, Ala.

  • LME, soft demand sap stainless scrap prices Sep 23, 2014

    Stainless steel scrap prices have plummeted this week in the wake of primary nickel’s slide, with market participants noting widespread pessimism of end-user demand that also has driven numbers down.

  • U.S. Steel Canada faced raw materials threat Sep 23, 2014

    U.S. Steel Canada Inc.’s recent filing for protection under Canada’s Companies’ Creditors Arrangement Act (CCAA) was hastened by payment concerns among raw material suppliers.

  • US raw steel production climbs 0.5 percent Sep 23, 2014

    U.S. raw steel output totaled an estimated 1,891,000 net tons last week.

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