Steel RSS

  • Management changes at AM/NS Calvert Mar 21, 2014

    AM/NS Calvert, a joint venture between ArcelorMittal SA and Japan’s Nippon Steel & Sumitomo Metal Corp., has issued details concerning new management changes, ArcelorMittal said March 21.

  • Sheet price direction stirs concern in market Mar 21, 2014

    Market participants remained mixed on the direction of steel sheet prices following the first increase of the year, with some reporting steady demand and others concerned by the volume of imported material hitting U.S. shores.

  • Posco chairman to return portion of wages Mar 21, 2014

    Posco Ltd. chairman Kwon Oh-joon will return 30 percent of his wages until the company is on financially better footing.

  • Brazil stainless bar not sold below value in US: ITA Mar 21, 2014

    Imports of stainless steel bar from Brazil from Feb. 1, 2012, to Jan. 31, 2013, were not sold at less than normal value, the U.S. Commerce Department’s International Trade Administration (ITA) found.

  • Margins issued vs. China graphite electrodes Mar 21, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has issued preliminarily anti-dumping margins on imports of small-diameter graphite electrodes from China.

  • AK sees outage, weather driving 1st-qtr. loss Mar 21, 2014

    AK Steel Corp. expects a loss in the first-quarter on costs related to cold weather, an unplanned blast furnace outage and charges for a tentative legal settlement.

  • GrafTech taps Danjczek, Morris to join board Mar 21, 2014

    GrafTech International Ltd.’s board of directors has nominated Thomas A. Danjczek and Catherine Morris as directors, the company said March 21.

  • AK Steel follows sheet increase Mar 21, 2014

    AK Steel Corp. has increased spot market base prices for hot-rolled carbon steel effective immediately for all new orders, it said March 20.

  • Tonawanda Coke executive gets 1-year prison sentence Mar 20, 2014

    A Tonawanda Coke Corp. executive has received a prison term of one year and a day, 100 hours of community service and a $20,000 fine for breaking U.S. environmental laws.

  • Buyers greet sheet increases with skepticism Mar 20, 2014

    The moves by some West Coast steelmakers this week to increase flat-rolled steel prices by $40 per ton ($2 per hundredweight) have divided buyers into two camps.

  • AK Steel applauds ruling on NOES shipments Mar 20, 2014

    AK Steel Corp. is “pleased” with the U.S. Commerce Department’s decision to issue preliminary subsidy rates on imports of non-oriented electrical steel (NOES) from China and Taiwan.

  • ArcelorMittal mill idled following oil spill Mar 20, 2014

    ArcelorMittal USA LLC’s Georgetown, S.C., wire rod mill has been temporarily idled due to an oil spill on an adjacent river, a company spokeswoman said.

  • Crimea likely won’t hurt world economy Mar 20, 2014

    “Despite the uncertainty, we think it’s unlikely that this situation will lead to any significant economic events,” Kounis told attendees at Capital Link Inc.’s eighth annual Shipping Forum in New York.

  • US Rebar import prices increase Mar 20, 2014

    U.S. import prices for concrete reinforcing bar have increased as buyers rush to bring in material ahead of a preliminary anti-dumping ruling vs. Turkish and Mexican product, market sources told AMM.

  • Carpenter Technology sets 5% price hike Mar 20, 2014

    Carpenter Technology Corp. is raising base prices by an average of 5 percent on new orders of all specialty stainless, high-temperature, electronic and premium alloy steels effective April 1.

  • Latin America steel use set to rise Mar 19, 2014

    Apparent steel consumption in Latin America will rise 3.4 percent to 64.1 million tonnes in 2014, according to estimates by the region’s steel association, Alacero.

  • U.S. Steel exec named to NAM board Mar 19, 2014

    The National Association of Manufacturers (NAM) has named Michael S. Williams, U.S. Steel Corp.’s senior vice president for strategic planning and business development, to its board of directors.

  • Subsidies set vs. NOES from China, Taiwan Mar 19, 2014

    The Commerce Department’s ITA issued preliminary subsidy rates on non-oriented electrical steel (NOES) imports from China and Taiwan, but none on those from South Korea, it said March 19.

  • West Coast structural tubing prices fall Mar 19, 2014

    West Coast structural steel tubing prices have fallen about $20 per ton ($1 per hundredweight) in the past month, with most buyers hoping recent price increases by U.S. coil mills will stem the erosion.

  • TMK, Baker Hughes in well venture Mar 19, 2014

    OAO TMK and Baker Hughes Inc. have announced a venture to develop turnkey well completion solutions for onshore and offshore fields.

  • HSS hike said brewing, but viability questioned Mar 19, 2014

    A price increase on hollow structural sections (HSS) could be brewing in light of recent flat-rolled price jumps, but market sources questioned the viability of such a move based on their expectations for the flat-rolled increase.

  • SDI warns earnings will be weak on weather Mar 19, 2014

    Steel Dynamics Inc. (SDI) expects its first-quarter results to be lower than both the previous quarter and the same period last year due to harsh weather conditions this winter that hurt production and shipments, the steelmaker said March 18.

  • Nucor, SDI, CSI follow sheet price hike Mar 19, 2014

    Three more steelmakers have followed a flat-rolled steel product price increase.

  • New Orleans port trying to boost India trade Mar 19, 2014

    The Port of New Orleans and Samsara Shipping Pvt. Ltd. have reached an agreement to boost trade with India with a focus on steel products for the oil and gas markets.

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