Steel RSS

  • China cold-rolled wave hits US, more expected Dec 19, 2013

    Large volumes of imported flat-rolled steel have begun to hit U.S. shores, and buyers and sellers predict increasing volumes through the first half of 2014.

  • CarTech sued over alleged waste violations Dec 19, 2013

    The Environmental Protection Agency is suing specialty alloy producer Carpenter Technology Corp. for damages related to the alleged disposal of hazardous materials at a former industrial site in New Jersey.

  • Nucor makes long-awaited beam price hike Dec 19, 2013

    A long-awaited pricing move by Nucor-Yamato Steel Co. has set the stage for what many buyers hope could be the first general improvement in beam transaction prices since midyear.

  • Nucor’s merchant bar hike seen sticking Dec 19, 2013

    Nucor Corp.’s recent $20-per-ton ($1-per-hundredweight) increase on merchant bar and structural products is expected to take hold, according to some market participants.

  • Holiday notice Dec 19, 2013

    AMM’s offices will be closed Jan. 1 for the New Year holiday, and no issue will be published Jan. 2.

  • Ulbrich Precision investing $5M to expand SC facility Dec 19, 2013

    Ulbrich Precision Flat Wire Inc. will invest $5 million to expand its Westminster, S.C., facility, building new manufacturing space and installing additional rolling equipment.

  • Patriot Coal approved to emerge from Ch. 11 Dec 19, 2013

    Patriot Coal Corp. received approval Dec. 18 from the U.S. Bankruptcy Court in eastern Missouri to emerge from Chapter 11 bankruptcy protection.

  • NSSMC grows crankshaft forging in US Dec 19, 2013

    International Crankshaft Inc. (ICI) plans to build a new steel forging press line in the United States to meet growing demand from automakers in the country.

  • AK Steel expects to return to black in 4th qtr. Dec 18, 2013

    AK Steel Corp. expects to report a fourth-quarter profit—its first quarter in the black after nine consecutive quarterly losses—on the back of strong demand in the carbon spot market.

  • UPI said mulling trade case vs. China sheet Dec 18, 2013

    USS-Posco Industries Inc. (UPI) is considering filing an anti-dumping petition against Chinese cold-rolled sheet, a source close to the company told AMM.

  • OCTG mills seeking retroactive duties Dec 18, 2013

    U.S. oil country tubular goods (OCTG) producers claim that a recent surge in imports from India, South Korea, Turkey, Ukraine and Vietnam is an attempt to avoid potential duties and should result in duties being applied retroactively.

  • Mills seek retroactive duties vs. Mexican rebar Dec 18, 2013

    U.S. rebar mills have asked the U.S. Commerce Department to retroactively apply anti-dumping duties against imports from Mexico.

  • Baosteel temporarily shuts nearly all US offices Dec 18, 2013

    Baosteel America Inc. has temporarily closed all but one of its U.S. sales offices at a time of increasing regulatory and trade restrictions against imports of Chinese material.

  • India facing subsidy duties on OCTG exports Dec 18, 2013

    The U.S. Commerce Department’s International Trade Administration has made a positive preliminary determination in its countervailing duty investigation of oil country tubular goods from India but a negative determination on imports from Turkey.

  • SDI expecting long product margins to subdue earnings Dec 18, 2013

    Steel Dynamics Inc. (SDI) expects to post subdued earnings in the fourth quarter due to seasonal shipment declines coupled with decreased margins in its long products segment.

  • Nucor increases merchant bar prices Dec 18, 2013

    Nucor Corp. has raised merchant bar and structural product prices by $20 per ton ($1 per hundredweight) effective immediately, the company said in a Dec. 17 letter to customers.

  • MMX confirms partnership talks over iron ore project Dec 18, 2013

    Brazilian iron ore producer MMX Mineração e Metálicos SA has confirmed that it is in talks with market participants over a possible partnership to implement the expansion of its Serra Azul project.

  • Nucor again hikes rebar prices $10/T Dec 18, 2013

    Nucor Corp. has raised rebar prices by $10 per ton (50 cents per hundredweight) for all new orders beginning Dec. 18, the Charlotte, N.C.-based company announced in a Dec. 17 letter to customers.

  • Japanese iron, steel exports fall again Dec 18, 2013

    Japanese iron and steel exports retreated for a third consecutive month in November, with regional demand still sluggish, according to the latest figures from the country’s finance ministry.

  • ATI taps DeCourcy finance chief Dec 17, 2013

    Allegheny Technologies Inc. (ATI) has named Patrick J. DeCourcy senior vice president of finance and chief financial officer, it said Dec. 16.

  • W. Coast flat-rolled pressure continues Dec 17, 2013

    Upward pressure continues on West Coast flat-rolled prices as one of the region’s major producers has cut off February orders for galvanized sheet just one business day after it opened the month.

  • Nucor, Encana temporarily halt drilling Dec 17, 2013

    Nucor Corp. is temporarily suspending drilling in its natural gas working interest drilling program with Encana Oil & Gas (USA) Inc., a subsidiary of Canada’s Encana Corp., due to weak natural gas prices.

  • Nucor expects earnings to fall Dec 17, 2013

    Nucor Corp. expects its fourth-quarter earnings to be lower than a year earlier due to weaker raw materials and bar and structural performance, as well as several one-time miscellaneous charges, despite a strong sheet steel performance.

  • Synalloy faces loss due to labor inefficiencies Dec 17, 2013

    Synalloy Corp. expects to post a fourth-quarter loss as labor efficiencies fell “well below profitable levels” at its fabrication subsidiaries after the company doubled staff to handle a growing backlog.

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