Steel RSS

  • SDI ramping up SBQ mill; orders strong Jul 23, 2014

    Steel Dynamics Inc. (SDI) continues to ramp up output of the sizing mill at its small-diameter special bar quality (SBQ) rolling mill in Pittsboro, Ind., amid a strong flow of orders, a company executive said.

  • Sheet tags said on rise; staying power unclear Jul 23, 2014

    Sheet prices are on the rise due to solid bookings despite flat to slightly lower scrap prices, Steel Dynamics Inc. (SDI) executives said, although one analyst questions the sustainability of current pricing levels.

  • NLMK USA’s sales rise in qtr. on better demand, weather Jul 23, 2014

    Russian steelmaker Novolipetsk Steel’s (NLMK’s) U.S. operations recorded higher sales in the second quarter despite repairs denting crude steel output at the company’s Portage, Ind., mill.

  • China, US lift June global steel output Jul 23, 2014

    Global crude steel production of 137.1 million tonnes in June rose 3.1 percent from the same month last year, according to the latest World Steel Association data.

  • Peabody posts 2d-qtr. loss but bullish on coal demand Jul 23, 2014

    Peabody Energy Corp. fell into the red in the second quarter despite coal’s contribution to the global energy mix rising to 30 percent of consumption, its highest level since 1970.

  • USS names Darragh acting controller Jul 23, 2014

    U.S. Steel Corp. has named Colleen M. Darragh as acting controller, according to a filing with the U.S. Securities and Exchange Commission (SEC).

  • ITC keeps duties on imports from China Jul 23, 2014

    The U.S. International Trade Commission (ITC) has voted to maintain anti-dumping duties on malleable iron pipe fittings and steel threaded rod from China following separate five-year sunset reviews.

  • Rebar co-op members land cash rebate Jul 23, 2014

    The Independent Steel Alliance, a rebar buying cooperative, performed better than expected during its first full year of operations, delivering a cash rebate to member fabricators where it initially expected none.

  • Acerinox sees N. America demand rise Jul 22, 2014

    Stainless steel demand in North America increased 6 percent year on year in the second quarter, according to North American Stainless Inc. (NAS) parent company Acerinox SA.

  • Columbus to target higher-value marts: SDI Jul 22, 2014

    Steel Dynamics Inc. (SDI) will look to boost results when it takes control of the Columbus, Miss., mini-mill by expanding output of value-added products and continuing efforts to push into profitable energy and automotive markets, company executives said.

  • TMK Ipsco sees OCTG trade case boosting results Jul 22, 2014

    Russia’s OAO TMK sees improvements from a recent beneficial trade case decision in North America starting to filter into the market next year, if the U.S. International Trade Commission (ITC) gives its stamp of approval in August.

  • Mart sees scrap prices holding steady in Aug. Jul 22, 2014

    Domestic ferrous scrap prices could trend sideways in August as early speculation points to a market that is in relative balance.

  • Alamo Tube plans OCTG mill near San Antonio Jul 22, 2014

    Alamo Tube Co. is planning to invest $62.5 million to build a 250,000-ton-per-year electric-resistance welded (ERW) mill near San Antonio in a move that will increase the domestic supply of oil country tubular goods (OCTG).

  • Severstal sale stirs more AK questions Jul 22, 2014

    Steel market analysts largely agreed with initial market sentiment that Steel Dynamics Inc.’s (SDI’s) purchase of OAO Severstal’s Columbus, Miss., facility is a slam dunk, while more questions surround AK Steel Corp.’s acquisition of the Russian steelmaker’s Dearborn, Mich., mill.

  • W. Coast plate continues to strengthen Jul 22, 2014

    Domestic plate prices as well as demand continue to rise on the West Coast, paced by an energy market that appears to be going from strength to strength.

  • ATI discussing tolling deals with carbon steel producers Jul 22, 2014

    Allegheny Technologies Inc. (ATI) is in discussions with carbon steel producers regarding tolling agreements at its $1.2-billion hot-rolling and processing facility in Brackenridge, Pa., according to its top executive.

  • Trade action needed now: SDI’s Teets Jul 22, 2014

    Steel Dynamics Inc. is collecting information for potential trade cases against imports of cold-rolled, coated and painted steel, including Galvalume, and would like to see action "sooner rather than later," a company executive said.

  • Gerdau hikes wire rod products $15/T Jul 22, 2014

    Gerdau Long Steel North America is increasing prices for all wire rod products by $15 per net ton (75 cents per hundredweight) effective with Aug. 1 shipments, the company said in a July 21 letter to customers.

  • Opposite credit impacts seen from mill deal Jul 22, 2014

    Steel Dynamics Inc.’s (SDI’s) credit rating could be hurt by its $1.6-billion acquisition of the OAO Severstal’s Columbus, Miss., mini-mill, although the Russian steelmaker’s sale of its North American assets for $2.3 billion should bolster its own rating, one credit ratings agency said.

  • Cost cutting boosts Synalloy’s results Jul 22, 2014

    Synalloy Corp. continues to grapple with the closure of its loss-making Bristol Fabrication unit, the company said in its quarterly earnings report.

  • Two claim Commerce erred in OCTG case Jul 22, 2014

    Two oil country tubular goods (OCTG) producers have claimed that the U.S. Commerce Department’s International Trade Administration (ITA) made errors in its final anti-dumping and countervailing trade case decisions.

  • Canada launches OCTG import probe Jul 22, 2014

    The Canada Border Services Agency has initiated a subsidy investigation into oil country tubular goods (OCTG) from India, Indonesia, the Philippines, South Korea, Thailand, Turkey, Ukraine and Vietnam, as well as an anti-dumping case against those eight countries and Taiwan.

  • US raw steel production slips 0.5 percent Jul 22, 2014

    U.S. raw steel output totaled an estimated 1,893,000 net tons last week, down 0.5 percent from 1,903,000 tons the previous week, as mills operated at an average capacity utilization rate of 78.7 percent.

  • SDI’s net income surges to $72.3M in 2d qtr. Jul 22, 2014

    Steel Dynamics Inc.’s (SDI’s) profits skyrocketed in the second quarter, with the company remaining bullish for the second half of the year.

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