Steel RSS

  • Steel sheet prices mixed; outlook split Jun 20, 2014

    Hot-rolled prices held steady this past week despite widespread expectations for a decline, while cold-rolled tags edged down on continued import competition.

  • TimkenSteel bullish on 2014 earnings Jun 20, 2014

    TimkenSteel Corp., which is slated to be spun off from Timken Co. on June 30, expects earnings to climb 20 to 25 percent this year compared with revenue from the combined firm’s steel segment in 2013, the company said June 19.

  • Nucor expects 2d-qtr. earnings to stay firm Jun 20, 2014

    Nucor Corp. expects second-quarter earnings to be roughly in line with first-quarter results as losses at the company’s direct-reduced iron plant are offset in part by stronger demand for steel sheet and plate as well as an improving nonresidential construction market.

  • AMM Steel Excellence Award winners named Jun 20, 2014

    AMM presented 15 Awards for Steel Excellence to 13 companies and one individual at a June 17 dinner in New York celebrating best-in-class initiatives that have introduced real and quantifiable change to the steel industry.

  • Scrap won’t play major role in China until ’25: Vale exec Jun 20, 2014

    Vale SA does not see scrap playing a major role in China’s steelmaking industry until 2025, according to its top expert on ferrous markets.

  • MMFX hires sales manager to boost Northeast presence Jun 20, 2014

    High-strength rebar company MMFX Steel Corp. of America has hired a regional sales manager to expand its presence in the northeastern United States.

  • Senator presses Commerce to penalize unfair steel trade Jun 20, 2014

    Sen. Sherrod Brown (D., Ohio) is urging the Commerce Department to impose anti-dumping and countervailing duties on countries that dump steel in the U.S. market.

  • AK Steel’s Wainscott receives Vision Award Jun 20, 2014

    James L. Wainscott, chairman, president and chief executive officer of AK Steel Corp., received the 2014 Willy Korf/Ken Iverson Steel Vision Award during the Steel Success Strategies XXIX conference in New York this past week.

  • AK Steel expecting 2d-qtr. loss Jun 20, 2014

    AK Steel Corp. expects to post a second-quarter loss due to the lingering effects of severe winter weather and flat overall prices.

  • Commerce probes steel nail imports Jun 20, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has initiated dumping and subsidy investigations into imports of certain steel nails from India, Malaysia, Oman, South Korea, Taiwan, Turkey and Vietnam.

  • SB’s Centric Pipe investing $32.5M to expand La. plant Jun 19, 2014

    Centric Pipe LLC, an affiliate of SB International Inc., is planning a $32.5-million capital investment to renovate and expand a former Northwest Pipe Co. facility in Bossier City, La.

  • PSL-North America files for Chapter 11 Jun 19, 2014

    Large-diameter spiral-weld pipe maker PSL-North America LLC and PSL USA Inc. have filed for Chapter 11 bankruptcy protection, with PSL-North America’s assets set to be sold at auction, according to documents filed in U.S. Bankruptcy Court in Delaware.

  • US, imported steel price gaps seen correcting Jun 19, 2014

    Big spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • SSAB mulls extra capacity at Ia. plate facility Jun 19, 2014

    SSAB Americas is planning to add as much as 1.2 million tons of melting capacity at its steel plate mill in Montpelier, Iowa.

  • Severstal's asset sale fodder for rumor mill Jun 19, 2014

    The fate of OAO Severstal’s North American steel mills was the elephant in the room during much of the Steel Success Strategies XXIX conference in New York this week.

  • AK Steel weighing growth options: Wainscott Jun 18, 2014

    AK Steel Corp. could look to joint ventures, affiliations or even mergers and acquisitions if it decides to expand beyond its current footprint, the company’s top executive said.

  • Innovation, lower costs said key for steel Jun 18, 2014

    Steelmakers must tighten their belts and continue to innovate in order to stay ahead of the curve in what will remain an oversupplied market in the near term, top international steel executives and experts said during a panel discussion at the Steel Success Strategies XXIX conference.

  • US a prime spot for pellet plants, Vale says Jun 18, 2014

    The United States could be a prime location to build pellet plants for iron ore producers given low natural gas prices and assuming domestic direct-reduced iron (DRI) production keeps ramping up, according to a top Vale SA executive.

  • China steel exports seen holding firm Jun 18, 2014

    Chinese steel exports will remain at high levels through the end of the decade, a leading industry researcher predicted at the Steel Success Strategies XXIX conference in New York.

  • Steel glut creating import ‘tsunami’: Ferriola Jun 18, 2014

    It will take more than an improving economy to cure a global steel production glut and a "tsunami" of imports slamming the U.S. steel industry, Nucor Corp.’s top executive said.

  • Wide use of light steels in auto parts growing Jun 18, 2014

    Lightweight high-strength steel parts that would rival aluminum automotive components are gaining traction in vehicles on the road, but there's still more room for growth, according to Lawrence W. Kavanagh, president of the Steel Market Development Institute (SMDI).

  • DRI output in US to soar by 2020: Midrex Jun 18, 2014

    Midrex Technologies Inc. expects direct-reduced iron (DRI) output in the United States to surpass 10 million tons annually "sometime near the end of the decade," director of marketing Henry P. Gaines said.

  • Nucor mulling second DRI unit in La.: Ferriola Jun 18, 2014

    Nucor Corp. does not plan to build a new sheet mill in the United States but may be weighing a second direct-reduced iron (DRI) unit in Louisiana as well as a new heat-treat line at its plate mill in Tuscaloosa, Ala., the company’s top executive suggested.

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