Steel

  • Usiminas to buy Brazilian tube maker Dec 18, 2008

    Brazil’s second-largest steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) said it will acquire 100 percent of Brazilian tube maker and steel distributor Zamprogna SA in a deal worth 160 million reais ($67.8 million).

  • Usiminas to buy Brazilian tube maker Dec 18, 2008

    Brazil’s second-largest steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) said it will acquire 100 percent of Brazilian tube maker and steel distributor Zamprogna SA in a deal worth 160 million reais ($67.8 million).

  • Steel imports at lull, haze to last well past 1st qtr. Dec 18, 2008

    The holiday season might not officially begin until next week, but most in the steel trading community say they feel like they’ve started their holiday breaks early.

  • Global Price Watch Dec 18, 2008

    Several Chinese steel mills have raised list prices for cold-rolled coil by around 240 yuan ($35) per tonne, although domestic market prices have softened slightly to 4,050 to 4,100 yuan ($593 to $600) per tonne this week. Anshan Iron & Steel Co., China’s fifth-largest steel mill, is raising its cold-rolled coil prices by 230 yuan ($34) per tonne for January production and delivery, while Lianyuan Iron & Steel Co., in south-central China, has raised its prices by 240 yuan for deliveries in late December, market sources said. “Steel mills are hoping the market may turn for the better and so lifted their prices, which has encouraged the spot market. Some traders are ready for higher offers,” a trader in Shanghai said. But other traders expect demand to weaken further and doubt the market is likely to improve soon. Benxi Steel Co. Ltd., a major Chinese flat steel producer, reportedly is gearing up to increase its January prices.

  • QuesTek gets US alloy contracts Dec 18, 2008

    QuesTek Innovations LLC, Evanston, Ill., received three Phase I Small Business Innovation Research (SBIR) projects to develop new metal alloys for the U.S. Army and Air Force.

  • Financial crisis sinks global output Dec 18, 2008

    A sharp decline in steel orders emanating in part from the global financial crisis sent world steel production into a steep decline in November, according to the World Steel Association, Brussels.

  • Financial crisis sinks global steel output Dec 18, 2008

    A sharp decline in steel orders emanating in part from the global financial crisis sent world steel production into a steep decline in November, according to the World Steel Association, Brussels.

  • QuesTek gets US alloy contracts Dec 18, 2008

    QuesTek Innovations LLC, Evanston, Ill., received three Phase I Small Business Innovation Research (SBIR) projects to develop new metal alloys for the U.S. Army and Air Force.

  • BREAKING NEWS All Chrysler manufacturing slated for month-long idling Dec 17, 2008

    Chrysler LLC is idling all its U.S. manufacturing operations from Friday until at least Jan. 19 in an attempt to align production and dealer inventory with market demand.

  • Metalformers expect difficult first quarter Dec 17, 2008

    Metalforming companies in the United States and Canada are marginally more optimistic than they were a month ago, but they still expect business conditions to remain difficult during the first quarter, according to the Precision Metalforming Association (PMA), Independence, Ohio.

  • Schnitzer warns write-down, loss loom for fiscal 1st qtr. Dec 17, 2008

    Renegotiations, deferrals and cancellations of customer contracts will push Schnitzer Steel Industries Inc. into the red during its fiscal first quarter.

  • Ludlum ups electrical steel extra Dec 17, 2008

    Allegheny Ludlum Corp., a subsidiary of Allegheny Technologies Inc., Pittsburgh, has increased its surcharge on grain-oriented silicon electrical steel by 55.1 percent for February.

  • US steel centers’ stocks, shipments slide in Nov. Dec 17, 2008

    Weakness in the U.S. and Canadian economies caused by turmoil in the housing market and the continuing impact of the global credit crunch was reflected in sharp declines in steel and aluminum shipments in November.

  • US steel centers’ stocks, shipments slide in Nov. Dec 17, 2008

    Weakness in the U.S. and Canadian economies caused by turmoil in the housing market and the continuing impact of the global credit crunch was reflected in sharp declines in steel and aluminum shipments in November.

  • Striking workers vote down Thomas Strip contract offer Dec 17, 2008

    Striking employees at Thomas Steel Strip Corp.’s facility in Warren, Ohio, have voted to reject a proposed contract offered by management, according to local news reports.

  • Demand weakness sparks OECD concern Dec 17, 2008

    The current economic crisis and the slowdown in steel demand underscores the importance of working together for fair trade, industry leaders stressed at the Organization for Economic Cooperation and Development (OECD) Steel Committee meeting in Malaysia on Dec. 15-16.

  • Demand weakness sparks OECD concern Dec 17, 2008

    The current economic crisis and the slowdown in steel demand underscores the importance of working together for fair trade, industry leaders stressed at the Organization for Economic Cooperation and Development (OECD) world steel committee meeting in Malaysia on Dec. 15-16.

  • CMC gives thumbs-up to infrastructure stimulus Dec 17, 2008

    A U.S. infrastructure stimulus package would provide significant opportunities for Commercial Metals Co. (CMC) at a time when it will be most needed, according to company executives.

  • CMC points to scrap price crash as net slides 10.3% Dec 17, 2008

    Commercial Metals Co. (CMC), Irving, Texas, is blaming the disintegration of ferrous scrap prices for a reduction in its fiscal first-quarter earnings results.

  • Gibraltar Industries to shut Miss. plant Dec 17, 2008

    Gibraltar Industries Inc., Buffalo, N.Y., is closing its Enterprise, Miss., facility and consolidating manufacturing operations into two other existing facilities, but does not expect the move to impact sales.

  • Severstal NA orders Siemag coil transport system Dec 17, 2008

    Severstal North America Inc. has ordered an automatic coil transport system for handling steel coils weighing up to 34 tonnes. The order was placed with Siemag GmbH, Netphen, Germany, a member of SMS Group, Düsseldorf.

  • SMS Demag, IMS form technology venture Dec 17, 2008

    Two German companies have formed a joint venture that will offer slab inspection methods. SMS Demag AG and IMS Messsysteme GmbH said the venture, Surcon GmbH, will be located in Heiligenhaus, Germany.

  • Crucible Specialty, USW extend labor contract Dec 17, 2008

    Crucible Specialty Metals has agreed to extend to July 31, 2010, an existing collective bargaining agreement with the United Steelworkers union that was due to expire July 31, 2009.

  • China steel futures set for February launch Dec 17, 2008

    China’s steel futures launch has been slated for February, although with just wire rod, a major futures brokerage source said, citing information from the China Securities Regulatory Commission (CSRC).

Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results