Steel

  • Steel plate prices fall as demand weakens Sep 12, 2014

    Plate prices have pulled back as market sources reported that a recent price increase has proven increasingly difficult for consumers to pass on to downstream buyers.

  • Sheet prices steady as demand wavers Sep 12, 2014

    Sheet prices held steady over the past week despite spotty reports of discounting and expectations among some steel buyers of lower tags in coming weeks.

  • Anglo American to idle Peace River met coal ops Sep 12, 2014

    Anglo American Plc is planning to place its 1.5-million-tonne-per-year Peace River coking coal operations in British Columbia on care and maintenance at year-end

  • Resources needed to probe trade cases: USW Sep 12, 2014

    The United Steelworkers union is urging the U.S. Commerce Department to use more resources to investigate dumping cases, citing the recently completed rebar case as an example of an unsatisfactory probe

  • Schnitzer exec drafts a ‘to-do’ list for D.C. Sep 12, 2014

    Lawmakers in the United States need to embrace three areas to foster a healthier economic climate, according Schnitzer Steel Industries Inc.’s top executive.

  • Nucor promoting Sumoski to executive vice president Sep 11, 2014

    Nucor Corp. is promoting Dave Sumoski to executive vice president of engineered bar products effective Sept. 14.

  • Beam prices steady, as mill stocks build Sep 11, 2014

    Prices for wide-flange beams remain steady despite what some buyers report as a buildup in steel mill floor stocks and the beginning of a year-end slowdown in purchasing by some service centers.

  • Severstal assets sale seen closing within days Sep 11, 2014

    OAO Severstal’s $2.33-billion sale of its U.S. assets to Steel Dynamics Inc. (SDI) and AK Steel Corp. is expected to close as soon as Sept. 15, market sources said.

  • Vallourec Star facing OSHA fines for alleged violations Sep 11, 2014

    Vallourec Star LP is facing $94,000 in penalties for alleged safety violations at its Youngstown, Ohio, facility.

  • Cheap natural gas, ore buoy DRI: ArcelorMittal Sep 11, 2014

    Direct-reduced iron (DRI) remains a viable steel input as long as natural gas prices stay below $8 per million British thermal units (mmBTU) and iron ore prices remain below $120 per ton, according to an ArcelorMittal SA executive.

  • AK Steel prices stock offering, notes Sep 11, 2014

    AK Steel Holding Corp. has priced its offering of 35 million shares of common stock to fund its planned acquisition of Severstal Dearborn LLC at $9 per share.

  • Despite advances, overcapacity still dogs steel Sep 11, 2014

    The domestic steel industry is in good health but could still benefit from the exodus of more melting facilities, according to industry analysts and executives.

  • Valbruna trade case tied to ex-worker Sep 11, 2014

    Valbruna Slater Stainless Inc.’s trade complaint against stainless steel producers and exporters in Germany, India and Taiwan is related to the alleged theft by a former employee of the company’s "know-how" in producing stainless steel.

  • USS lifts OCTG prices on heels of trade verdict Sep 10, 2014

    U.S. Steel Corp. has raised oil country tubular goods (OCTG) prices in a widely expected move following a favorable trade verdict for domestic producers in August.

  • Cliffs taps Baldwin for board, amends credit Sep 10, 2014

    Cliffs Natural Resources Inc. has named John Baldwin to its board of directors, the company said Sept. 9.

  • Big River granted time to respond to Nucor suit Sep 10, 2014

    Big River Steel LLC has been granted a 28-day extension to respond to a lawsuit filed by Nucor Corp. that aims to stop construction of the start-up steelmaker’s $1.3-billion steel mill project near Osceola, Ark.

  • Aluminum trend to continue: IHS analyst Sep 10, 2014

    Steel deserves credit for some of the 700 pounds Ford Motor Co. shed on its new aluminum-bodied F-150 pickup, according to one automotive analyst.

  • Russian steel imports still flowing Sep 10, 2014

    Russian hot-rolled and flat-rolled steel looks set to continue to arrive in large quantities at U.S. ports this month.

  • Turkey escapes rebar duty, Mexico still hit hard Sep 10, 2014

    The International Trade Administration (ITA) has suspended its anti-dumping investigation into imports of Turkish rebar and set only minimal countervailing margins, but has maintained steep dumping margins on Mexican rebar.

  • Currency manipulation alternate fight: AISI Sep 09, 2014

    Addressing currency manipulation by foreign countries is an alternative route to help combat unfair trade in steel, according to the American Iron and Steel Institute.

  • Timken to restructure aerospace business Sep 09, 2014

    Timken Co. is restructuring its underperforming aerospace business in a series of moves that will involve closing its United Kingdom bearing plant and discontinuing reporting the segment’s operating results.

  • SDI finalizes $1.2B note offering Sep 09, 2014

    Steel Dynamics Inc. (SDI) has garnered $1.2 billion from a recent issuance of debt securities.

  • US steel mill shipments up in July Sep 09, 2014

    U.S. steel mill shipments increased in July, buoyed by stronger deliveries of hot-rolled sheet, according to data from the American Iron and Steel Institute (AISI).

  • Dearborn buy to boost AK balance sheet: S&P Sep 09, 2014

    AK Steel Corp.’s planned $700-million acquisition of OAO Severstal’s flat-rolled steel mill in Dearborn, Mich., should boost its balance sheet, Standard & Poor’s Ratings Services (S&P) said.

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