Steel RSS

  • PTC locks out workers at Ohio plant Jul 28, 2014

    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.

  • USS amends credit agreements for Canada ops Jul 28, 2014

    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, Gerdau hiking rebar prices $10/ton Jul 28, 2014

    Nucor Corp. and Gerdau Long Steel North America have raised prices on reinforcing bar products by $10 per ton (50 cents per hundredweight) effective with new orders July 28.

  • AK Steel elects board member Jul 28, 2014

    AK Steel Corp. has elected Sheri H. Edison to its board of directors effective Aug. 1.

  • U.S. Steel, Hamilton union start contract talks Jul 28, 2014

    U.S. Steel Corp. and the union representing workers at its operations in Hamilton, Ontario, were scheduled to begin contract negotiations July 28, a union official said.

  • Drilling improves in US, Canada Jul 28, 2014

    The number of drill rigs running in the United States jumped by 12 last week, led by Louisiana (up six), while Canadian drilling activity climbed by 14 rigs compared with the previous week.

  • SDI, AK execs said visiting Severstal NA mills Jul 25, 2014

    Top executives from Steel Dynamics Inc. (SDI) and AK Steel Corp. attended town hall meetings at Severstal North America Inc. steel mills July 23, according to sources familiar with the matter.

  • Nucor appeals Ukraine wire rod ruling Jul 25, 2014

    Nucor Corp. will appeal a recent U.S. International Trade Commission (ITC) decision to let anti-dumping duties on wire rod imports from Ukraine expire, an attorney for the steelmaker told AMM.

  • Severstal NA plans outage in October Jul 25, 2014

    Severstal North America Inc. plans to take a 10-day outage in October at its mini-mill in Columbus, Miss.

  • US steel imports slide 11.1% in June Jul 25, 2014

    U.S. steel imports fell in June but calls for trade action, particularly vs. value-added sheet products from China, are mounting as more cold-rolled flowed in from the Asian nation.

  • Steel shipments, output fall in ’13 Jul 25, 2014

    U.S. steel shipments totaled 95 million tons in 2013, down 1 percent from the previous year, although shipments were 11 percent higher than the most recent five-year average of 86 million tons, according to the American Iron and Steel Institute’s annual statistical report.

  • Sheet steady despite drive for higher tags Jul 25, 2014

    Steel sheet prices held steady this past week as mills continued to drive for higher prices despite increased domestic output and lower or flat raw material costs.

  • Nucor upbeat on Turkish rebar trade case Jul 25, 2014

    Nucor Corp. is more optimistic about the prospects for higher margins against rebar from Turkey following a positive ruling involving South Korean oil country tubular goods (OCTG), the company’s top executive said.

  • NJ treasury division named lead plaintiff in suit vs. Cliffs Jul 25, 2014

    The investment division of the New Jersey Treasury Department has become the lead plaintiff in a class-action securities lawsuit against Cliffs Natural Resources Inc., according to documents filed in U.S. District Court in Ohio.

  • Steel mills' winter pains spell gains for Nucor Jul 25, 2014

    Nucor Corp. expects to maintain through year-end market share that was gained in the first quarter, when other steelmakers struggled to maintain output amid an unusually harsh winter and delayed ore shipments.

  • Essar Steel Algoma finalizes funding deal Jul 25, 2014

    Essar Steel Algoma Inc. has finalized the terms of an agreement that would provide the struggling steelmaker with a near-term capital infusion of $100 million.

  • Nucor mulling growth opportunities Jul 25, 2014

    Nucor Corp. continues to mull acquisitions, but won’t aim to add more sheet capacity, its top executive said.

  • Cliffs tumbles into red amid lower prices Jul 24, 2014

    Cliffs Natural Resources Inc., the largest U.S. iron ore miner, posted a $1.9-million net loss in the second quarter amid falling iron ore and metallurgical coal prices.

  • SunCoke logs loss in 2d quarter Jul 24, 2014

    SunCoke Energy Inc. drew red ink in the second quarter, primarily due to a $103.1-million impairment charge tied to the planned sale of its domestic coal mining business.

  • Nucor’s net income jumps 72.7% in 2d qtr. Jul 24, 2014

    Nucor Corp.’s profits surged 72.7 percent in the second quarter on stronger sales, with the steelmaker upbeat on the third quarter due to higher steel sheet and plate prices and improving nonresidential construction demand.

  • China to tax certain steel imports July 31 Jul 24, 2014

    China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said.

  • SunCoke sale of coal mining assets OK’d Jul 24, 2014

    SunCoke Energy Inc.’s board has approved the sale of its coal mining assets.

  • Warren Steel lands lower power rate Jul 24, 2014

    Warren Steel Holdings LLC has received approval from Ohio regulators for a lower power rate and is gearing up to restart operations Aug. 1, it said.

  • Nucor raises mesh $20 per ton Jul 23, 2014

    Nucor Corp.’s rebar and wire rod mill in Wallingford, Conn., has raised prices for all mesh products by $20 per ton ($1 per hundredweight), according to a July 21 letter to customers.

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