Steel

  • Cliffs launches $200M share buyback program Aug 25, 2014

    Iron ore miner Cliffs Natural Resources Inc.’s directors have authorized share buybacks worth up to $200 million, the company said Aug. 25.

  • Empire Industries’ earnings, sales jump Aug 25, 2014

    Empire Industries Ltd.’s earnings and sales jumped in the second quarter on more profitable bookings in its steel fabrication segment.

  • SDI said mulling Gallatin Steel acquisition Aug 25, 2014

    Steel Dynamics Inc. (SDI) is mulling an acquisition of electric-arc furnace hot-rolled coil producer Gallatin Steel Co., according to market sources.

  • US drilling slides, Canada rises Aug 25, 2014

    The number of drill rigs running in the United States fell by 17 last week.

  • China to appeal WTO decision Aug 25, 2014

    China plans to appeal a World Trade Organization decision on 17 countervailing duty investigations conducted by the U.S. Commerce Department from 2007 to 2012, including on oil country tubular goods, pressure pipe and line pipe.

  • Plate prices poised to rise, sentiment mixed Aug 23, 2014

    Plate prices appear poised to move upward after three major domestic producers recently announced increases of $30 to $40 per ton ($1.50 to $2 per hundredweight).

  • Outokumpu's Calvert mill will meet commitments Aug 22, 2014

    Outokumpu Stainless USA LLC’s Calvert, Ala., mill will meet “all fourth-quarter customer commitments,” a company spokeswoman told AMM, despite persistent rumors that maintenance issues have affected production and raw materials consumption at the site.

  • Energy plants lift construction index in July Aug 22, 2014

    Energy-related plant construction helped push a key domestic building index up 6 percent in July.

  • Takeover could strengthen PSL North America Aug 22, 2014

    PSL North America LLC’s pending sale to India’s Jindal SAW Ltd. could make the mill a more viable competitor in the large-diameter spiral-welded pipe market due to its new parent’s deeper pockets, industry participants told AMM this past week.

  • China rod/bar import confusion fades Aug 22, 2014

    U.S. imports of Chinese hot-rolled bar have plummeted from year-ago levels, mirroring a decline in Chinese wire rod imports, and market sources said the issue of misclassified material has become less of a problem this year.

  • W. Coast tubing prices stabilize after declines Aug 22, 2014

    Structural steel tubing prices remain flat on the West Coast and show little sign of rising after falling earlier this summer.

  • Mercedes swaps aluminum pistons for steel Aug 22, 2014

    German automaker Mercedes-Benz will replace aluminum pistons with high-tech steel pistons in one of its diesel passenger vehicles starting in September.

  • NAS boosting stainless steel prices in Oct. Aug 22, 2014

    North American Stainless Inc. (NAS) will increase stainless steel prices across a variety of grades and products effective Oct. 1.

  • Ex-PSL North America chief Vaill joins Trinity Industries Aug 22, 2014

    Former PSL North America LLC chief executive officer Brian Vaill is now a vice president at Trinity Industries Inc., according to his LinkedIn profile.

  • No politics in trade rulings: Commerce Aug 22, 2014

    The U.S. Commerce Department has reiterated that politics are not relevant in the conduct of trade investigations, even as lobbying from lawmakers and interest groups escalates amid a string of steel trade cases this year.

  • ITC vote puts duties on OCTG from six nations Aug 22, 2014

    Imports of oil country tubular goods (OCTG) from India, South Korea, Taiwan, Turkey, Ukraine and Vietnam are harming the domestic industry, the U.S. International Trade Commission (ITC) ruled unanimously Aug. 22.

  • ArcelorMittal, SSAB boost plate prices Aug 22, 2014

    ArcelorMittal USA LLC and SSAB Americas have followed an earlir move by Nucor Corp. and raised plate prices.

  • Canadian rail car builder hiring workers Aug 21, 2014

    National Steel Car Ltd., Canada’s only rail car builder, is boosting employment, spurred by its recent entry into tank cars and rising demand for its traditional lines of freight cars.

  • Essar Steel’s Ch. 15 petition approved Aug 21, 2014

    Essar Steel Algoma Inc.’s petition for protection under Chapter 15 of the U.S. Bankruptcy Code has been approved.

  • Cargill offering cold-rolled coil Aug 21, 2014

    Cargill Inc. is offering "immediate shipment" of cold-rolled coil for $38 to $39 per hundredweight ($760 to $780 per ton) from two Midwest sites, the company told customers.

  • Steel sheet tags mixed, price direction divided Aug 21, 2014

    Hot-rolled band prices held their ground while cold-rolled coil tags edged down this week, due perhaps to import pressure.

  • Metinvest subsidiary backs ITC ruling Aug 21, 2014

    A subsidiary of Ukrainian steelmaker Metinvest is intervening in a dispute over a U.S. International Trade Commission (ITC) decision allowing anti-dumping duties on Ukrainian wire rod to expire, which U.S. producers have argued will result in Ukrainian exporters dumping wire rod into the domestic market.

  • US pushes case vs. Turkish rebar at meeting Aug 21, 2014

    The U.S. steel industry continues efforts to step up pressure in a trade case against Turkish reinforcing bar products, with several domestic producers and their legal counsel meeting with Commerce Department officials.

  • USS lifts coating extras; others seen following Aug 21, 2014

    Domestic steelmakers are continuing their push to raise zinc coating extras in an effort to offset higher costs.

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