Steel RSS

  • US, Canadian stainless shipments rise again Aug 18, 2014

    North American stainless steel shipments continued to show strength in July, according to the latest Metals Service Center Institute (MSCI) data, although distributor sources told AMM there have been some signs of softening end-market demand.

  • Plate mart awaits next move after Nucor hike Aug 18, 2014

    The steel plate market could be poised to move higher after one domestic producer raised prices.

  • Strong demand boosts rebar prices Aug 18, 2014

    Several rebar producers have announced price increases amid strong demand and lean inventories, market sources said.

  • Essar Steel Algoma credit rating cut again Aug 18, 2014

    Essar Steel Algoma Inc.’s long-term corporate credit rating has been downgraded to "selective default" from "CCC-" by Standard & Poor’s Ratings Services (S&P).

  • Nucor outlines appeal of ITC decision on Ukraine wire rod Aug 18, 2014

    Nucor Corp. has outlined its case against a U.S. International Trade Commission (ITC) decision to allow anti-dumping duties on wire rod imports from Ukraine to expire.

  • Insteel completes purchase of ASW’s PC strand business Aug 18, 2014

    Insteel Industries Inc. has completed its acquisition of American Spring Wire Corp.’s pre-stressed concrete (PC) strand business.

  • ArcelorMittal, Quebec union ink labor deal Aug 18, 2014

    ArcelorMittal SA has reached a new six-year labor deal with unionized workers at its Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, ending a nine-day lockout.

  • ‘Red October’ in hunt for USS' former Serbia ops Aug 18, 2014

    "Red October" has joined the hunt for Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia.

  • Drilling improves in US, Canada Aug 18, 2014

    The number of drill rigs running in the United States increased by five last week.

  • Nucor increases steel plate product prices Aug 18, 2014

    Nucor Corp.’s plate mill group has increased transaction prices on all new orders for carbon, alloy and heat-treated plate effective immediately.

  • Panama Canal project will use 121,200 tonnes of steel Aug 16, 2014

    Expansion of the Panama Canal has entered its final stages after the Panama Canal Authority and the Grupos Unidos por el Canal signed an agreement for the completion of the “third set of locks project.”

  • Wire rod, rebar may face price bump Aug 15, 2014

    U.S. wire rod and rebar market participants are expecting further price increases in the coming weeks even as tags held steady this past week, although views were mixed on how the hikes would be met.

  • Sheet prices steady despite strong demand Aug 15, 2014

    Sheet steel prices held steady this past week amid what sources described as surprisingly robust demand during the typically slower summer months.

  • Commerce hikes dumping margin on Vietnam OCTG Aug 15, 2014

    The final dumping rate on oil country tubular goods (OCTG) imports from Vietnam’s SeAH Steel Vina Corp., a subsidiary of South Korea’s SeAH Steel Corp., has been raised to 25.18 percent from 24.22 percent due to a calculation error by the U.S. Commerce Department’s International Trade Administration (ITA), although the Vietnam-wide rate will remain at 111.47 percent.

  • ArcelorMittal workers in Canada to vote on deal Aug 15, 2014

    Unionized workers at ArcelorMittal SA’s Contrecoeur-Ouest long products plant in Contrecoeur, Quebec, are set to vote on a new labor agreement negotiated by a government-appointed conciliator, sources familiar with the matter said.

  • Cliffs director resigns, cites leadership issues Aug 15, 2014

    Iron ore miner Cliffs Natural Resources Inc. has seen tumultuous executive turnover in the wake of hedge fund Casablanca Capital LP’s proxy victory, including the resignation of one director and the departure of several executives.

  • ITC delays OCTG vote after Commerce error Aug 14, 2014

    A vote in a trade case on oil country tubular goods (OCTG) from nine countries has been postponed by the International Trade Commission (ITC) after the Commerce Department amended its final decision on imports from Saudi Arabia due to a ministerial error.

  • SSAB plate mill lead times extend to early Nov. Aug 14, 2014

    Lead times at SSAB Americas’ steel plate facilities in Montpelier, Iowa, and Mobile, Ala., are out until Nov. 3 and Oct. 13, respectively, according to a company memo.

  • Friedman logs loss as tubular prices, sales fall Aug 14, 2014

    Friedman Industries Inc. swung to a net loss in its fiscal first quarter, with higher selling prices for steel coil products offset by lower tubular sales volumes and prices, as well as higher substrate costs.

  • West Coast mills lift flat-rolled steel prices Aug 13, 2014

    West Coast flat-rolled steel producers are looking to boost prices as buyers gauge the possible impact that a trade case by domestic mills would have on the region.

  • Nucor raising steel wire rod products Aug 13, 2014

    Nucor Corp.’s Connecticut division is raising prices for all wire rod products by $10 per ton (50 cents per hundredweight) effective with shipments Sept. 1, the company said in an Aug. 13 letter to customers.

  • CMC sees construction jobs returning Aug 13, 2014

    Commercial Metals Co. (CMC) is seeing more-profitable private construction business returning and displacing low-margin public construction jobs.

  • Electralloy names Paparone financial chief Aug 13, 2014

    Electralloy has named Joseph C. Paparone II as vice president of finance and chief financial officer. He replaces Bill Warren, who has retired from the posts.

  • AK Steel sees no antitrust issues in mill buy Aug 13, 2014

    AK Steel Corp. expects to win U.S. Justice Department approval for its proposed $700-million acquisition of OAO Severstal’s integrated mill in Dearborn, Mich.

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