Steel

  • Turkish rebar shipments impacted by ruling Sep 03, 2014

    Turkish rebar shipments to the United States have suffered from significant uncertainty and minor disruptions ahead of a scheduled Sept. 9 trade ruling, according to U.S. traders and rebar buyers.

  • AK plans Ashland blast furnace reline Sep 03, 2014

    AK Steel Corp. plans to take a 28-day maintenance outage in late October to reline its Ashland, Ky., plant’s blast furnace.

  • USS may be looking to exit Canada operations Sep 03, 2014

    U.S. Steel Corp. may be looking to "walk away" from its unprofitable operations in Canada, according to one analyst.

  • Stainless scrap prices tread water amid lower demand Sep 03, 2014

    Stainless steel scrap prices were largely flat this week, with market participants continuing to see an ample supply of available material due to weakening consumer demand.

  • Deacero appeals wire rod duty after review Sep 03, 2014

    Mexican long steel producer Deacero SAPI de CV has filed an appeal against an anti-dumping duty on its 4.75-millimeter wire rod, citing discrepancies between the U.S. Commerce Department and the International Trade Commission (ITC).

  • Severstal sales to AK, SDI get US approval Sep 03, 2014

    Steel Dynamics Inc. (SDI) and AK Steel Corp. have received approval from U.S. antitrust officials to acquire Russian steelmaker OAO Severstal’s North American assets.

  • $5B Atlantic Coast pipeline proposed Sep 03, 2014

    Four energy companies are planning to build a $4.5-billion to $5-billion natural gas pipeline through West Virginia, Virginia and North Carolina.

  • High imports may spur line pipe trade case Sep 03, 2014

    A line pipe trade case that some say might be filed by mid-October could be bolstered by high U.S. steel product import levels in August.

  • China’s steel glut taking a toll: Cisa Sep 03, 2014

    China’s steel production overcapacity has resulted in low prices and profitability, according to the China Iron and Steel Association (Cisa).

  • US raw steel production retreats 1 percent Sep 03, 2014

    U.S. raw steel output totaled an estimated 1,913,000 net tons last week, down 1 percent from 1,932,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.5 percent.

  • Preliminary margins set vs. China wire rod Sep 02, 2014

    U.S. imports of steel wire rod from China are facing preliminary anti-dumping margins of 106.19 to 110.25 percent following an affirmative dumping determination by the U.S. Commerce Department.

  • Sandvik divests distribution assets Sep 02, 2014

    Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd. with the deal expected to close in October.

  • Nucor said mulling Gallatin Steel acquisition Sep 02, 2014

    Nucor Corp. may be considering an acquisition of Gallatin Steel Co., market sources said.

  • CIT remands Deacero steel wire rod case Sep 02, 2014

    The U.S. Court of International Trade (CIT) has again remanded a Commerce Department anti-dumping ruling regarding wire rod from Mexican producer Deacero SAPI de CV, a move welcomed by the domestic industry.

  • Big River Steel sets date for mill groundbreaking Sep 02, 2014

    Big River Steel LLC plans to hold an official groundbreaking ceremony for its $1.3-billion steel mill near Osceola, Ark., on Sept. 22, a company executive said.

  • Jindal Tubular finalizes PSL North America buy Sep 02, 2014

    Jindal Tubular USA LLC, a subsidiary of India’s Jindal SAW Ltd., has completed its $104-million acquisition of bankrupt large-diameter spiral-weld pipe maker PSL North America LLC.

  • Drilling increases in US, Canada Sep 02, 2014

    The number of drill rigs running in the United States rose by four last week.

  • US-import plate price spread widens on W. Coast Aug 29, 2014

    Energy-related business and its domestic melt requirements continue to drive West Coast steel plate demand while distributors battle in what some describe as a separate market where pricing is dominated by lower import tags.

  • Rebar prices rise on strong demand Aug 29, 2014

    U.S. rebar markets remained strong in late August, with market participants reporting busy mills, robust demand and stable to higher prices.

  • US, imported steel sheet prices diverge Aug 29, 2014

    Domestic and imported steel sheet prices moved in opposite directions this past week as potential trade actions sent some traders scrambling for new suppliers while domestic steel buyers questioned the sustainability of current price levels.

  • Buyers bristle at latest steel plate increases Aug 29, 2014

    Steel plate prices have moved up over the past week following a round of increases by several major domestic producers.

  • Line pipe trade case could come by mid-October Aug 29, 2014

    With domestic producers of welded line pipe reportedly struggling with low margins, a trade case targeting imports from South Korea and Turkey could be filed as early as mid-October, market sources told AMM this past week.

  • Canada wants more proof in rebar trade case Aug 29, 2014

    The Canadian International Trade Tribunal (CITT) has asked the country’s rebar producers to present a more compelling case for material injury prior to its final decision in an anti-dumping trade investigation of imports from China, South Korea and Turkey.

  • Steel beam imports poised to fall in Aug. after July gains Aug 28, 2014

    Steel beam imports are poised to fall in August after hitting their highest monthly total for the year in July as the threat of domestic trade complaints may have dampened foreign offers.

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