Steel RSS

  • U.S. Steel to settle price-fixing lawsuit Jul 09, 2014

    U.S. Steel Corp. has agreed to pay $58 million to settle a 2008 lawsuit that alleged the company conspired with others to fix steel prices.

  • US steel exports sink in May Jul 09, 2014

    U.S. steel exports fell in May after two consecutive months of gains, driven by a sharp decline in shipments of bloom, billet and slab.

  • Universal wins GE Aviation stamp of approval Jul 09, 2014

    Universal Stainless & Alloy Products Inc. has received laboratory approval from General Electric Co. subsidiary GE Aviation for three of its facilities.

  • Lincoln Electric, NanoSteel sign global licensing deal Jul 09, 2014

    Lincoln Electric Co. has signed a worldwide licensing agreement for NanoSteel Co. Inc.’s proprietary weld overlay and thermal spray applications steel coatings technology.

  • Steel beam imports drop in June Jul 09, 2014

    The absence of some sporadic foreign players in the U.S. steel beam market in June helped send import applications down 19.8 percent from the previous month despite higher tonnages from two perennial sources.

  • Optima’s Niagara unit sells bar assets Jul 09, 2014

    Cold-finished steel bar manufacturer Niagara LaSalle Corp., a subsidiary of Optima Specialty Steel Inc., has entered into a definitive agreement to sell its chrome-plated bar assets to PTC Alliance Holdings Corp.

  • July ferrous scrap prices in Detroit move higher Jul 08, 2014

    Ferrous scrap tags in Detroit inched higher this month as a push to normalize price differentials between prime and shredded scrap coupled with tight supplies of plate and structural scrap allowed prices for obsolete grades to rise.

  • Stainless scrap follows LME north Jul 08, 2014

    Stainless steel scrap prices have ticked upward this week on the strength of higher London Metal Exchange nickel prices, though market participants noted a “natural” summer slowdown in trading activity.

  • ITA could reverse OCTG dumping ruling: Cowen Jul 08, 2014

    Some steel market analysts see the possibility of a reversal in an anti-dumping investigation of OCTG from South Korea and eight other countries, with a favorable outcome for the domestic industry particularly positive for U.S. Steel Corp.’s outlook.

  • US finds dumping, subsidies on Indian rod Jul 08, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has levied anti-dumping and countervailing subsidy duties on steel threaded rod from India.

  • Sheet piles on way to iron ore project Jul 08, 2014

    ArcelorMittal SA is shipping steel sheet piles to the Canadian Arctic where they will be used to build a dock to serve the steelmaker’s joint venture Mary River iron ore project on Baffin Island.

  • US raw steel production slips 0.5 percent Jul 08, 2014

    U.S. raw steel output totaled an estimated 1,853,000 net tons last week, down 0.5 percent from 1,863,000 tons the previous week, as mills operated at an average capacity utilization rate of 77 percent.

  • ASW expects quick restart after fire Jul 08, 2014

    A fire at ASW Steel Inc.’s Welland, Ontario, plant July 7 has caused minimal disruptions, with production expected to restart the night of July 8, the company told AMM.

  • Universal promotes Zimmer to chief commercial officer Jul 08, 2014

    Universal Stainless & Alloy Products Inc. has promoted Christopher M. Zimmer to executive vice president and chief commercial officer.

  • Steelton furnace mishap impacts scrap buys Jul 07, 2014

    A furnace breakout at ArcelorMittal USA LLC’s mill in Steelton, Pa., has impacted the facility’s ferrous scrap buys for July and forced the mill to move up a maintenance shutdown previously scheduled for August, AMM has learned.

  • Metals sector could see M&A ramp up: KeyBanc Jul 07, 2014

    The next year could see increased merger-and-acquisition activity in the metals sector as markets improve, according to one analyst.

  • Evraz said mulling sale of NA operations Jul 07, 2014

    Evraz Group SA may be putting its North American business on the block in a bid to strengthen its balance sheet, according to one analyst.

  • Rod, rebar buyers brace for higher prices Jul 07, 2014

    Wire rod and rebar consumers are looking beyond August to September and October when cheap imported material on U.S. shop floors runs low, potentially building momentum for domestic price increases.

  • MANA, union workers still at odds on labor agreement Jul 07, 2014

    Talks between local union representatives and management at Max Aicher North America Ltd.’s (MANA) bar mill in Hamilton, Ontario, remain stalled more than a year after unionized workers at the inactive mill rejected a labor contract offer.

  • ATI pushing back stainless steel price increase to Aug. Jul 07, 2014

    Allegheny Technologies Inc.’s (ATI’s) Flat Rolled Products segment has pushed back a stainless steel base price increase for the second time in three months, with its previously announced July hike now scheduled to take effect Aug. 4.

  • SBQ prices trending upward, further hikes possible Jul 07, 2014

    Special bar quality (SBQ) prices have picked up following recent base price hikes by domestic mills, with more base price increases likely to follow if scrap weakens this month.

  • Warren Steel aims for Aug. 1 restart Jul 07, 2014

    Warren Steel Holdings LLC’s wants to restart steelmaking by Aug. 1, a target date the company would need to start preparing to hit by mid-July, a company executive said.

  • Letter to the Editor: US dumping merry-go-round taking another spin Jul 07, 2014

    The most recent full-court press by domestic steel industry spokesmen against steel imports suggests two thoughts. First, the more things change, the more they stay the same. Second, who is speaking for steel consumers?

  • PSL North America's Vaill quits Jul 07, 2014

    PSL North America LLC chief executive officer Brian Vaill has left the bankrupt large-diameter pipe producer to take a position with a non-competing company.

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