Steel

  • KWG attracts interest from steelmaker Sep 22, 2014

    KWG Resources Inc. has received expressions of interest from a global steel company and a large ferrochrome producer in setting up strategic alliances that could include offtake agreements and the establishment of a stainless steel billet production facility.

  • USS has spent $3.54B on Canadian unit: exec Sep 22, 2014

    U.S. Steel Corp. has funded its operations in Canada to the tune of Canadian $3.9 billion ($3.54 billion) since its acquisition of Stelco Inc. in 2007, according to documents filed in the Ontario Superior Court of Justice.

  • Energy veteran to lead Evraz tech unit Sep 22, 2014

    Evraz North America has named Martyn Wilmott vice president of tubular product technology at the Chicago-based subsidiary of Russia’s Evraz Plc.

  • New mill puts ATI ‘back in the game’ Sep 22, 2014

    Allegheny Technologies Inc.’s (ATI’s) new hot-rolling and processing facility in Brackenridge, Pa., makes the stainless and specialty alloy maker more competitive in the commodity stainless market and gives it greater flexibility in value-added products, according to one industry analyst.

  • Service center stainless shipments dip Sep 22, 2014

    North American stainless steel shipments tailed off in August from the previous month, according to the latest Metals Service Center Institute (MSCI) data, although market participants told AMM that demand remains strong and much improved from a lackluster 2013.

  • Groundbreaking held for Big River mill in Ark. Sep 22, 2014

    Big River Steel LLC held a groundbreaking ceremony for its $1.3-billion steel mill and recycling facility in Osceola, Ark.

  • Japanese seek North American DRI projects Sep 22, 2014

    Japanese industrial giants Sumitomo Corp. and Mitsui & Co. Ltd. are seeking partners and projects for direct-reduced iron (DRI) investments in North America, looking to supply financing, raw materials, energy or other expertise, company representatives told AMM.

  • Global steel output climbs in August Sep 22, 2014

    Global crude steel output rose 1.4 percent to nearly 135 million tonnes in August compared with the same month last year.

  • Canadian trade body finds injury in OCTG case Sep 22, 2014

    In a preliminary decision, the Canadian International Trade Tribunal (CITT) has determined that the subsidization of oil country tubular goods (OCTG) from India, Indonesia, the Philippines, South Korea, Thailand, Turkey, Ukraine and Vietnam, as well as dumping from those countries and Taiwan, are injuring or threatening to injure the Canadian OCTG market.

  • Blast at USS’ Ala. plant kills one, injures two Sep 22, 2014

    One U.S. Steel Corp. employee was killed and two were seriously injured following an explosion Sept. 21 at the steelmaker’s operations in Fairfield, Ala.

  • US drilling steady, Canada dips Sep 22, 2014

    The number of drill rigs running in the United States held steady last week.

  • Buyout offer for Schuff slated to expire Sep 20, 2014

    A buyout offer targeting steel fabricator Schuff International Inc., seeking to acquire shares from existing shareholders, was due to expire Sept. 19, although the ultimate outcome of the proposal remains unknown.

  • US wire rod mills request steep duties Sep 19, 2014

    U.S. wire rod producers have asked the Commerce Department to levy high anti-subsidy duties on Chinese wire exporters in their final decision, citing the withdrawal of Chinese companies from the investigation as key factors.

  • Global stainless steel output rises in 2d qtr. Sep 19, 2014

    Global stainless steel output continues to log gains, rising to 10.72 million tonnes in the second quarter, according to the International Stainless Steel Forum (ISSF).

  • USS, AK, ArcelorMittal ‘likely’ to jv with ATI Sep 19, 2014

    U.S. Steel Corp., AK Steel Corp. and ArcelorMittal SA are among the steelmakers “likely to consider” a joint venture partnership at Allegheny Technologies Inc.’s (ATI) new hot-rolling and processing facility in Brackenridge, Pa., according to Cowen & Co. LLC.

  • Deal set to clean up Sparrows Point Sep 19, 2014

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

  • Imports weigh on plate market, prices sink Sep 19, 2014

    Plate prices fell hard this past week as a push by domestic steelmakers to boost tags unravelled amid high import volumes and service center inventories.

  • U.S. Steel credit rating unchanged: Fitch Sep 19, 2014

    Fitch Ratings Inc. is not adjusting its credit rating on U.S. Steel Corp. as a result of the recent creditor protection filing by the steelmaker’s Canadian subsidiary.

  • Sheet prices slide as shipments slow Sep 19, 2014

    Spot sheet prices resumed their downward drift this past week as service center inventories rose while shipments slowed, market sources said.

  • Auto forgings maker facing OSHA fines Sep 19, 2014

    MCM Industries Co. is facing $126,700 in penalties for alleged safety violations at its Cleveland manufacturing plant.

  • Fire out at Nucor Steel Berkeley Sep 19, 2014

    A fire at Nucor Corp.’s steel mill in Berkeley County, S.C., has been extinguished and did not impact production, a company spokeswoman told AMM.

  • Steel beam imports poised to rise in Sept. Sep 19, 2014

    U.S. steel beam imports are on course to rebound for September after falling in August, regaining a pace closer to the July peak.

  • Rebar trade case appeal ‘likely’ Sep 19, 2014

    Domestic steelmakers are "highly likely" to appeal the Commerce Department’s recent ruling that Turkish rebar has not been dumped into U.S. markets, a source close to the petitioners told AMM.

  • CSI closes flat-rolled order book Sep 19, 2014

    California Steel Industries Inc. (CSI) has filled its October flat-rolled production capacity.

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