Steel RSS

  • Steel’s sights on rail as concessions beefed up Dec 30, 2008

    Class 1 railroads have been offering more concessions to shippers in recent months as they battle for market share amid falling freight levels, a move that has some steel companies considering moving more product via rail than in the past.

  • Steel’s sights on rail as concessions beefed up Dec 30, 2008

    Class 1 railroads have been offering more concessions to shippers in recent months as they battle for market share amid falling freight levels, a move that has some steel companies considering moving more product via rail than in the past.

  • Canada keeps HSS margins vs. three countries Dec 30, 2008

    Canada will maintain anti-dumping duties against carbon and alloy hollow structural sections (HSS) originating from South Korea, South Africa and Turkey following an expiration review by the Canadian International Trade Tribunal (CITT), which determined that dumping was likely to continue and would result in injury to local industry.

  • Sandvik to alter surcharge model Dec 30, 2008

    Sandvik Materials Technology, Sandviken, Sweden, will modify its alloy surcharge model for seamless tubular products starting Jan. 1 in a bid to reduce time lags.

  • W. Canadian Coal mulling more buys after Cambrian Dec 30, 2008

    Western Canadian Coal Corp. could use a planned takeover of shareholder Cambrian Mining Plc as a springboard for additional acquisitions in the metallurgical and steam coal sector, according to David Jan, the company’s manager of investor relations and corporate development.

  • Nov. Midwest steel output off 4.3% Dec 30, 2008

    The Federal Reserve Bank of Chicago’s Midwest Manufacturing Index fell 1.6 percent to a seasonally adjusted 96.4 in November vs. a revised drop of 1.2 percent to 98 in October, the bank reported Monday.

  • Analysts cut Timken earnings estimates Dec 29, 2008

    Lower expectations for steel prices and steel demand have prompted leading industry analysts to lower Canton, Ohio-based Timken Co.’s fourth-quarter earnings estimates.

  • Walter Industries unit closes Alabama met coal mine Dec 29, 2008

    United Land Corp., a subsidiary of Walter Industries Inc., has ceased underground mining operations at the Kodiak Mine in Shelby County, Ala., because of high operating costs and low prices for metallurgical coal.

  • Republic may recall some rolling mill workers Dec 29, 2008

    Republic Engineered Products Inc. could recall as many as 175 steelworkers to its rolling mills on Jan. 5, according to local reports.

  • Commerce sets duties vs. China steel shelving Dec 29, 2008

    Imports of certain kitchen appliance shelving and racks from China made of carbon or stainless steel wire measuring from 0.05- to 0.5-inch thick and possibly including sheet metal of carbon or stainless sheet from 0.02- to 0.2-inch thick are injuring U.S. producers, the Department of Commerce said in a preliminary determination.

  • Vale builds coal holdings with Argos buy Dec 29, 2008

    Brazilian miner Vale has agreed to purchase the export coal assets of Colombian cement producer Cementos Argos SA for $300 million.

  • Steel lull to slow, not halt, growth in Galvalume Dec 29, 2008

    Despite a current worldwide steel slump that’s tempering some earlier forecasts for 55-percent aluminum-zinc alloy-coated sheet, along with the emergence of unlicensed production in China, the licensor of “Galvalume” technology doesn’t expect these headwinds to cause a significant slowdown in the pace of its market growth.

  • Steel group targets Obama trade action Dec 29, 2008

    President-elect Barack Obama is still weeks away from being inaugurated, but those with steel and trade-related interests are already gearing up for change.

  • Walter Industries unit closes Alabama met coal mine Dec 29, 2008

    United Land Corp., a subsidiary of Walter Industries Inc., has ceased underground mining operations at the Kodiak Mine in Shelby County, Ala., because of high operating costs and low prices for metallurgical coal.

  • Metal shipments, orders and inventories fall in November Dec 29, 2008

    rimary metals shipments in November, seasonally adjusted, totaled $18.37 billion, down 7.6 percent from October’s shipments of $19.87 billion, according to the U.S. Census Bureau’s “Advance Report on Manufacturers’ Shipments, Inventories and Orders,” released last week.

  • Mill tag hikes fail to spill into beam resale mart Dec 29, 2008

    Mill prices for wide-flange beams might be due to rise with the New Year, but the resale market still doesn’t reflect the increase.

  • Three pipe, tube makers slate layoffs Dec 29, 2008

    More steel-related worker layoffs are on the way, with three manufacturers of pipe and tube products—Tenaris SA, Allegheny Technologies Inc. (ATI) and U.S. Steel Corp.—responding to the global economic crisis by slating staff cutbacks.

  • Analysts cut Timken earnings estimate Dec 29, 2008

    Lower expectations for steel prices and steel demand have prompted leading industry analysts to lower Canton, Ohio-based Timken Co.’s fourth-quarter earnings estimates.

  • Beam resale tags don’t mirror mill hikes Dec 29, 2008

    Mill prices for wide-flange beams might be due to rise with the New Year, but the resale market still doesn’t reflect the increase.

  • MMX secures port services contract Dec 29, 2008

    Brazilian mining and metals company MMX Mineração e Metálicos SA has won the private bidding process promoted by steelmaker Cia. Siderúrgica Nacional (CSN) and secured port services at the terminal in Porto de Itaguaí, located in the state of Rio de Janeiro, MMX said in a statement.

  • Vale builds coal holdings with Argos buy Dec 29, 2008

    Brazilian miner Vale has agreed to purchase the export coal assets of Colombian cement producer Cementos Argos SA for $300 million.

  • Commerce sets duties vs. China steel shelving Dec 29, 2008

    Imports of certain kitchen appliance shelving and racks from China made of carbon or stainless steel wire measuring from 0.05- to 0.5-inch thick and possibly including sheet metal of carbon or stainless sheet from 0.02- to 0.2-inch thick are injuring U.S. producers, the Department of Commerce said in a preliminary determination.

  • Republic may recall some rolling mill workers Dec 29, 2008

    Republic Engineered Products Inc. could recall as many as 175 steelworkers to its rolling mills on Jan. 5, according to local reports.

  • Rio Tinto idles pig iron plant, 11 mines Dec 29, 2008

    Rio Tinto has idled a pig iron plant in Kwinana, Western Australia, for at least three months and closed its 11 iron ore mines in the Pilbara region of the country for two weeks in an effort to cut production there by 10 percent before the end of the year, according to press reports.

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