• Gerdau, Nucor hiking SBQ products Aug 01, 2014

    Gerdau Special Steel North America and Nucor Corp. have raised base prices on special bar quality (SBQ) products by $40 per ton ($2 per hundredweight) effective with shipments Sept. 1.

  • Congress approves Highway Trust Fund bill Aug 01, 2014

    A last-minute measure to provide $10.9 billion to the federal Highway Trust Fund, allowing state construction projects to continue uninterrupted, was approved by Congress July 31.

  • Alpha issues layoff notice to 1,100 workers in W. Virginia Aug 01, 2014

    Alpha Natural Resources Inc. has issued a Worker Adjustment and Retraining Notification (WARN) Act notice to 1,100 workers at 11 coal mines in West Virginia due to low coal prices and Environmental Protection Agency regulations that the company said are driving the shutdown of coal-fired power plants.

  • Nucor's Keith Grass plans to retire Aug 01, 2014

    Nucor Corp.’s Keith Grass, executive vice president of raw materials and chief executive officer of David J. Joseph Co. (DJJ), is retiring effective Sept. 12.

  • Line pipe prices log slight gains in July, hit 2014 high Aug 01, 2014

    Line pipe prices were up slightly in July, hitting a year-to-date high, but couldn’t match the sharp gains seen in oil country tubular goods (OCTG) tags during the month following a recent trade case decision.

  • Keystone XL hearing set for Sept. Aug 01, 2014

    A Nebraska Supreme Court hearing in September will decide the fate of TransCanada Corp.’s Keystone XL pipeline in the state.

  • American Railcar’s net jumps 36.4% Jul 31, 2014

    American Railcar Industries Inc.’s net income soared 36.4 percent in the second quarter due in part to stepped-up production of hopper cars and continued strong output of tank cars.

  • Bidders for former USS mill to be disclosed soon Jul 31, 2014

    Leading bidders for Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia, are expected to be announced next week—perhaps as soon as Aug. 4, according to industry sources.

  • Universal in midst of 'major transformation' Jul 31, 2014

    Universal Stainless & Alloy Products Inc. is "in the middle of a major transformation" as the company continues to seek customer approvals and expand its premium alloy sales, its top executive said.

  • TimkenSteel posts strong sales, earnings Jul 31, 2014

    TimkenSteel Corp.’s sales and earnings rose in the second quarter ahead of its separation from former parent Timken Co., a positive first sign for its full-year targets.

  • Evraz unveils new semipremium connection Jul 31, 2014

    Evraz Inc. North America has introduced a new semipremium connection for thermal oil and unconventional drilling applications, the company said July 30.

  • OCTG index gain driven by trade case: Tenaris Jul 31, 2014

    A jump in the benchmark Pipe Logix oil country tubular goods (OCTG) index for July was likely spurred by the anti-dumping duties assessed on imports from South Korea, Tenaris SA’s top North American executive said during an earnings call.

  • OCTG prices hit 18-month high in July Jul 31, 2014

    Oil country tubular goods (OCTG) prices continued to rise in July, reaching an 18-month high and notching the biggest month-on-month gains of the year.

  • USS sees opportunity in premium OCTG Jul 31, 2014

    U.S. Steel Corp. should benefit from increased demand for premium tubular products even as the market struggles to work off a glut of commodity-grade welded oil country tubular goods (OCTG), the company’s top executive said.

  • Vallourec sees OCTG ruling lifting prices Jul 31, 2014

    Vallourec SA expects its second-half oil country tubular goods (OCTG) prices to be buoyed by the United States’ recent anti-dumping ruling against product from South Korea and other countries.

  • USS Kosice said untouched by turmoil Jul 31, 2014

    U.S. Steel Corp.’s operations in Slovakia haven’t been impacted by fighting in eastern Ukraine and sanctions imposed on Russia, according to the company’s top executive.

  • 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.

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