Steel RSS

  • AK Steel gets $42.6M recapitalization windfall Dec 21, 2007

    AK Steel Corp., West Chester, Ohio, received an influx of cash this holiday season, getting $42.6 million from the recapitalization of Combined Metals of Chicago LLC, Bellwood, Ill., a private metals processing company in which AK Steel holds a 40-percent equity interest.

  • W-P facing $210,000 OSHA fines for alleged Ohio plant violations Dec 21, 2007

    Wheeling-Pittsburgh Steel Corp. is facing up to $210,000 in federal fines for alleged health and safety violations at its Steubenville, Ohio, plant.

  • Commerce gets an earful over targeted dumping Dec 21, 2007

    The Commerce Department has made public the comments it received on the subject of “targeted dumping,” an unused portion of an existing statute that could revive the practice of zeroing in dumping cases by a backdoor route should it be abolished in administrative reviews.

  • Timken wins order for China mill Dec 21, 2007

    Timken Co., Canton, Ohio, has been contracted by Siemens VAI Metals Technologies Ltd. to supply large-bore cylindrical roller bearings for two new aluminum rolling mills under construction in China for Aluminum Corp. of China (Chinalco), Beijing.

  • Congress increases funding to steel technology program Dec 21, 2007

    The American Iron and Steel Institute helped secure $3.7 million for a program aimed at promoting new technologies that could make the energy-intensive process of making steel greener.

  • W-P facing $210,000 in OSHA fines at Ohio plant Dec 21, 2007

    Wheeling-Pittsburgh Steel Corp. could be facing up to $210,000 in federal fines for alleged health and safety violations at its Steubenville, Ohio, plant.

  • SDI’s OmniSource buy bites into earnings view for fourth quarter Dec 20, 2007

    Steel Dynamics Inc. (SDI) has cut its fourth-quarter earnings estimate to reflect its acquisition of scrap recycler OmniSource Corp., although it remains optimistic about North American market conditions.

  • World steel output rises at slower pace in Nov. Dec 20, 2007

    World raw steel production continued to rise in November, albeit at a slower pace than previously, according to the latest statistics from the International Iron and Steel Institute (IISI), Brussels.

  • Ameristeel lifting structurals $25/T Dec 20, 2007

    Gerdau Ameristeel Corp. plans to increase prices for wide-flange beams, merchant bar and structural products by $25 per net ton ($1.25 per hundredweight), effective with Jan. 1 shipments.

  • L.B. Foster sets $100/T pilings hike Dec 20, 2007

    L.B. Foster Co. plans to boost prices for all sections of steel sheet piling by $100 per net ton, effective Jan. 1.

  • BlueScope unit in $730M accord to buy Imsa Steel Dec 20, 2007

    The North American division of Australia’s BlueScope Steel Ltd. has agreed to acquire Ternium SA subsidiary Imsa Steel Corp. for $730 million.

  • World stainless production inches 0.4% higher Dec 20, 2007

    Global stainless steel production managed to log a marginal gain in the first nine months of the year, but the winds have definitely turned south as third-quarter output levels declined sharply from the year-earlier quarter, according to preliminary data from the International Stainless Steel Forum (ISSF), Brussels.

  • World steel output rises at slower pace in Nov. IISI Dec 20, 2007

    World raw steel production continued to rise in November, albeit at a slower pace than previously, according to the latest statistics from the International Iron and Steel Institute (IISI), Brussels.

  • Gerdau Ameristeel boosting wide-flange beams $25/T Dec 20, 2007

    Gerdau Ameristeel Corp. plans to increase prices for wide-flange beams, merchant bar and structural products by $25 per net ton ($1.25 per hundredweight), effective with Jan. 1 shipments.

  • SDI’s OmniSource buy bites into 4th-qtr. earnings view Dec 20, 2007

    Steel Dynamics Inc. (SDI) has cut its fourth-quarter 2007 earnings estimate to reflect its acquisition of scrap recycler OmniSource Corp., though it remains optimistic about North American market conditions.

  • Stainless target of ISSF-Yale study Dec 20, 2007

    The International Stainless Steel Forum (ISSF), Brussels, and the Yale School of Forestry and Environmental Studies will team up on a stainless steel research study and development efforts.

  • U.S. Steel bolsters governmental affairs staff Dec 20, 2007

    U.S. Steel Corp., Pittsburgh, has hired two new employees and promoted another to manage governmental affairs.

  • Introduction of surcharge system to be delayed, Taiyuan exec says Dec 20, 2007

    The introduction of an alloy surcharge pricing mechanism for the Chinese stainless market will be postponed due to some unresolved difficulties, according to an executive at Taiyuan Iron & Steel (Group) Co. Ltd., China’s largest stainless producer.

  • Stainless mills slate lower output, price cuts Dec 20, 2007

    Chinese stainless mills are planning to slash production by 40 percent and reduce prices at the start of 2008 in an attempt to prop up a limp market, market sources said.

  • WTO panel OKs use of zeroing in administrative reviews Dec 20, 2007

    In a case involving stainless steel imports from Mexico, a World Trade Organization panel said Thursday that the body’s anti-dumping agreement never intended to eliminate zeroing from administrative reviews.

  • Steel industry dodges a bullet as President signs energy bill Dec 19, 2007

    President Bush signed an energy bill into law Wednesday that will require all cars and light trucks to achieve at least 35 miles per gallon of gasoline by 2020.

  • US declines to cite China as currency manipulator Dec 19, 2007

    Despite evidence to the contrary, China is still not guilty of “manipulating” its currency, the Treasury Department said in its belated report to Congress.

  • Rising overseas costs cut CMC’s profits 19% Dec 19, 2007

    Commercial Metals Co. (CMC) blamed lower profits and higher costs at its international mills for a 19-percent decline in net income to $69.2 million in its fiscal first quarter despite sales that increased 11.8 percent to $2.12 billion compared with the same period last year.

  • Rail car builder to idle Pa. plant in sagging mart Dec 19, 2007

    A conflict with its union has led FreightCar America Inc., Chicago, to close its Pennsylvania manufacturing facility.

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