AMM Daily

Monday Jul 28 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

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Steel RSS

  • PTC locks out workers at Ohio plant

    Jul 28, 2014 | 06:05 PMThorsten Schier

    PTC Alliance Corp. locked out unionized workers at its Alliance, Ohio, manufacturing facility July 28 after they voted down a proposed labor deal, AMM has learned.

  • U.S. Steel amending credit agreements for Canada ops

    Jul 28, 2014 | 01:28 PMMichael Cowden

    U.S. Steel Corp. may be looking to restructure its operations in Canada and has reached an agreement with lenders to modify some financing terms to allow for possible changes, filings with U.S. securities regulators and sources familiar with the matter indicated.

  • Nucor increases rebar prices $10/T

    Jul 28, 2014 | 12:25 PMNat Rudarakanchana

    Nucor Corp. has raised prices on concrete reinforcing bar by $10 per ton (50 cents per hundredweight) effective with new orders July 28.

Nonferrous RSS

  • Aluminum premium poised to decline: Morgan Stanley

    Jul 28, 2014 | 05:42 PMNathan Laliberte

    The premium paid for removing metal from London Metal Exchange warehouses could fall, driven by a flattening aluminum forward curve that could make finance deals less appealing, Morgan Stanley analyst Joel Crane said.

  • Ferrosilicon trade ruling unlikely to affect tags

    Jul 28, 2014 | 04:34 PMDaniel Fitzgerald

    The Commerce Department’s decision not to impose anti-dumping duties on U.S. imports of Russian ferrosilicon is not expected to impact the domestic market until 2015 contract negotiations begin later this year, market participants said.

  • Ford’s aluminum F-150 gets price hike

    Jul 28, 2014 | 03:18 PMNathan Laliberte

    Ford Motor Co. has begun receiving orders from U.S. and Canadian dealers for the 2015 F-150, an aluminum-bodied pickup truck that will be priced slightly higher than the 2014 model.

Scrap RSS

  • Market split on Turkey scrap price direction

    Jul 28, 2014 | 04:13 PMSean Davidson

    U.S. bulk ferrous scrap export activity is expected to slow down this week due to religious holidays in Turkey and the Middle East along with tepid demand from Asia.

  • Scrap export prices to India pressured

    Jul 25, 2014 | 05:43 PMSean Davidson

    Prices for containerized ferrous scrap exported to India are under pressure as poor demand and currency markets sent prices lower over the past few weeks.

  • Pull-A-Part planning to open Pa. retail facility

    Jul 25, 2014 | 05:13 PMRey Mashayekhi

    Auto parts recycler Pull-A-Part LLC will open a site in West Mifflin, Pa., its first location in the northeastern United States.

Supply Chain RSS

  • Ford’s aluminum F-150 gets price hike

    Jul 28, 2014 | 03:18 PMNathan Laliberte

    Ford Motor Co. has begun receiving orders from U.S. and Canadian dealers for the 2015 F-150, an aluminum-bodied pickup truck that will be priced slightly higher than the 2014 model.

  • ATI sees premium rating for Rowley by '15

    Jul 28, 2014 | 12:09 PMFrank Haflich

    Allegheny Technologies Inc. (ATI) expects to wind up its pursuit of a premium-quality rating for titanium sponge products for use in aircraft engines by next year.

  • Encore's net slides due to tighter wire margins

    Jul 28, 2014 | 10:00 AMSaranya Kapur

    Encore Wire Corp.’s second-quarter earnings fell 34.5 percent year on year even as sales rose 6.1 percent.

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