Steel RSS

  • Harrison named AISI senior vice president Dec 13, 2012

    Lisa Harrison has been appointed senior vice president of communications at the American Iron and Steel Institute (AISI) effective Jan. 14, filling the role vacated by Nancy Gravatt.

  • Energex cuts jobs, said examining mill closure Dec 13, 2012

    Energex Tube has laid off 94 employees at its operations in Welland, Ontario, and the city’s mayor and a union official say that the company is considering permanently closing a pipe mill at the location.

  • Evraz splits its coal, iron ore mining assets into two units Dec 13, 2012

    Russia’s Evraz Group has separated its iron ore and coal mining divisions to "intensify the management of key product groups," the company said Thursday.

  • AMM website weekend outage notice Dec 13, 2012

    AMM’s website will not be accessible the evening of Friday, Dec. 14, through Sunday, Dec. 16, as we make essential updates to improve performance.

  • Nucor buys part of former RG Steel cold mill Dec 12, 2012

    Nucor Corp. has purchased parts of the former RG Steel LLC cold mill complex in Sparrows Point, Md., and intends to use the equipment for upgrades and replacement parts at its existing cold mills, a company executive told AMM.

  • Flat-roll steel import mart on 'hands and knees' Dec 12, 2012

    The U.S. flat-rolled steel import market is surprisingly quiet, and the outlook for the first quarter doesn’t look any better, traders say.

  • West Coast structural steel tube prices increase Dec 12, 2012

    West Coast structural steel tubing producers appear to be achieving at least partial success in scratching out a price hike amid slow demand that leaves room for occasional discounting by tonnage-hungry mills.

  • Steel sheet price increases prompt few buys Dec 12, 2012

    Domestic flat-rolled producers have pushed steel buyers to book at higher offer levels since announcing a round of price increases in the past week, but the prospect of rising prices has done little to spur additional business, steel buyers said.

  • Senators call for OCTG duty enforcement Dec 12, 2012

    Ten senators led by Sherrod Brown (D., Ohio) and Rob Portman (R., Ohio) have endorsed a letter urging the U.S. Commerce Department to "extend all efforts" to better enforce anti-dumping and countervailing duties on Chinese shipments of oil country tubular goods (OCTG).

  • ArcelorMittal rejigs US sales structure Dec 12, 2012

    Global steelmaker ArcelorMittal SA and its domestic counterpart, ArcelorMittal USA Inc., will restructure their sales frameworks in the United States to allow the same sales representatives to sell both domestic and imported flat-rolled steel to U.S. customers, sources familiar with the situation confirmed.

  • Judge sets hearing for TK lawsuit Dec 12, 2012

    A federal judge in Alabama has set a date to hear ThyssenKrupp Steel USA LLC’s complaint alleging that a Georgia contractor is responsible for more than $75,000 worth of defects at the steelmaker’s hot-strip mill in Calvert, Ala.

  • Canada rules pipe imports threatening industry Dec 12, 2012

    The Canadian International Trade Tribunal has found that the dumping of carbon steel welded pipe (½ inch up to 6 inches in outside diameter), also known as standard pipe, from India, Oman, South Korea, Taiwan, Thailand and the United Arab Emirates and the subsidizing of the same product from India are threatening to cause injury to the domestic industry.

  • Commerce panel affirms duty on Mexican wire rod Dec 12, 2012

    The North American Free Trade Agreement (Nafta) Binational Panel, a division of the U.S. Commerce Department’s International Trade Administration, has issued an affirmative final anti-dumping duty determination on carbon and certain alloy steel wire rod from Canada.

  • NanoSteel appoints Parsons auto chief Dec 12, 2012

    NanoSteel Co. has named Craig Parsons president of its automotive business as the company moves toward commercial production of its new advanced high-strength steel (AHSS) sheet.

  • Mexican industry calling for action against ‘unfair’ trade Dec 12, 2012

    Mexico’s transformation industries want the country’s new government under President Enrique Peña Nieto to create "a new legal department" that is "powerful" and "has the resources to face (up to) unfair trade practices," according to an executive with the country’s Chamber of Transformation Industries (Canacintra).

  • Rise in global met coal trade forecast as US exports slide Dec 12, 2012

    U.S. metallurgical coal exports are on course to decline next year while global trade is forecast to rise due to "strong import growth in China and India," Australia’s Bureau of Resources and Energy Economics said in a report Wednesday.

  • Yen still overvalued, Japanese steelmakers say Dec 12, 2012

    The yen remains too overvalued for Japanese steelmakers to compete effectively with regional suppliers, despite the Japanese currency’s recent decline in value, industry officials say.

  • MANA, USW labor talks fail, but more slated Dec 11, 2012

    Talks between Max Aicher North America Inc. (MANA) and United Steelworkers union Local 1005 failed to produce a new labor agreement, both sides told AMM Tuesday.

  • Right-to-work bill passes in Michigan Dec 11, 2012

    Despite vociferous opposition from labor and the White House, unions apparently have lost a legislative battle in the blue-collar heartland of Michigan.

  • Commodities demand to endure: BofA Dec 11, 2012

    Global demand for commodities likely will survive domestic and global threats such as the fiscal cliff and the euro crisis over the next two years, buoyed by global growth and a stronger Chinese economy, analysts said at the Bank of America Merrill Lynch Global Research 2013 Year Ahead news conference Tuesday.

  • Rebar static ahead of expected '13 rebound Dec 11, 2012

    The domestic reinforcing bar market is poised to hold steady heading into the new year as one producer said it plans to keep prices unchanged after a recent sideways move in scrap. But the picture could change in the coming months with an anticipated pickup in demand, sources said.

  • Metal firms declaring early dividends to avoid tax raise Dec 11, 2012

    A steel wire manufacturer and a steel processor have each moved up dividend payments, part of a trend among publicly held companies to allow shareholders to avoid a possible tax increase next year, according to an equities research firm.

  • Nucor-Yamato, Nucor hold beams flat Dec 11, 2012

    Published structural steel prices will remain steady into the new year as the market leader in wide-flange beams this week announced plans to hold prices unchanged for Jan. 1 shipments.

  • Nucor keeps SBQ surcharge flat Dec 11, 2012

    Nucor Corp. has left its January raw materials surcharge for special bar quality (SBQ) products unchanged at $11 per hundredweight ($220 per ton), the Charlotte, N.C.-based steelmaker said in a Dec. 10 letter to customers.

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