Steel

  • Scrap trends sideways as marts follow Detroit Aug 06, 2014

    Steel 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.

  • ArcelorMittal bullish on US steel demand Aug 06, 2014

    ArcelorMittal 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.

  • ITC rejects duties for Indian steel threaded rod Aug 06, 2014

    Imports 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.

  • USS’ Edgar Thomson outage said delayed Aug 06, 2014

    U.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.

  • Superior Tube adds cutoff machining capacity Aug 06, 2014

    Superior Tube Co. Inc. has added electrochemical machining capacity at its Collegeville, Pa., facility.

  • NW Pipe aims to raise profits from Kansas mill Aug 06, 2014

    Northwest 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.

  • Lawmakers voice concerns about Turkish rebar imports Aug 06, 2014

    U.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.

  • Timken adds new board member Aug 06, 2014

    Timken Co. has elected A.O. Smith Corp. president and chief executive officer Ajita G. Rajendra to its board of directors.

  • Line pipe trade case could be near: NW Pipe Aug 05, 2014

    The 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.

  • Ivaco increases wire rod $40/T Aug 05, 2014

    Canada’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.

  • Cliffs concedes defeat to Casablanca Aug 05, 2014

    Cliffs 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.

  • Steel prices, imports dent NW Pipe’s net Aug 05, 2014

    Northwest 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.

  • JSW Steel’s US operations log $4.02M profit Aug 05, 2014

    JSW 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.

  • US raw steel production declines 1 percent Aug 05, 2014

    U.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.

  • L.B. Foster’s net income dips in qtr. Aug 05, 2014

    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.

  • Ferrous scrap prices hold sideways in Detroit Aug 04, 2014

    Ferrous 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.

  • Two workers injured in incident at CMC mill Aug 04, 2014

    Two 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.

  • ATI revises Aug. price hike; market puzzled Aug 04, 2014

    Allegheny 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.

  • Gerdau’s SBQ deliveries said delayed Aug 04, 2014

    Gerdau 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.

  • USS mulls DRI, DR pellet production Aug 04, 2014

    U.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.

  • Big River Steel breaks ground for Ark. mill Aug 04, 2014

    Big River Steel LLC has broken ground on its planned $1.3-billion steel mill near Osceola, Ark.

  • Handy & Harman tube unit dents 2d-qtr. results Aug 04, 2014

    Handy & 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.

  • SMDI taps Hall to succeed Krupitzer Aug 04, 2014

    Jody 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.

  • Esmark said potential buyer for former USS mill Aug 04, 2014

    Esmark Steel Group LLC is among the companies the Serbian government is considering as a buyer for Železara Smederevo d.o.o.

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