Steel

• US steel deficit grows, copper in surplus Jun 06, 2013

  The value of the U.S. iron and steel mill product trade deficit rose 23.2 percent in April to $576 million as exports fell 4.8 percent and imports gained 4.7 percent, according to the latest data from the Bureau of Economic Analysis.

• Mexico sets duties vs. Korean cold-rolled coil Jun 06, 2013

  The Mexican Secretariat of Economy has imposed provisional anti-dumping duties on imports of cold-rolled coil from South Korea as part of a continuing investigation.

• Brazil extends anti-dumping probe vs. Chinese line pipe Jun 06, 2013

  Brazil has extended an anti-dumping probe into imports of seamless carbon steel tube from China.

• AISI urges Obama to stand up to China Jun 05, 2013

  The American Iron and Steel Institute has urged President Barack Obama to address manufacturing and trade concerns with China during this weekend's visit by the country’s new president, Xi Jinping.

• Borusan’s Texas mill to make API-grade OCTG Jun 05, 2013

  Borusan Mannesmann Pipe US Inc.’s new mill in Baytown, Texas, will be able to make oil country tubular goods (OCTG) in American Petroleum Institute (API) grades N80 through Q125, as well as in custom-engineered grades.

• Surcharge discontent said brewing with mills Jun 05, 2013

  Gerdau Long Steel North America’s move to set its steel prices before scrap settles for the second consecutive month appears to signal the market’s growing discontent with the raw material surcharge mechanism, steel sources say.

• W. Coast tubing market cautious on increases Jun 05, 2013

  Structural steel tubing producers on the West Coast need more evidence that a price hike can stick before they follow mills east of the Rockies and post their own increases, market sources said.

• Two mills stir doubt with $30/T HSS hike Jun 05, 2013

  Several domestic mills’ efforts to raise hollow structural sections (HSS) by $50 per ton have gotten off to a rocky start, with at least two other U.S. mills following with price hikes of just $30 per ton.

• Dofasco emissions case delayed again Jun 05, 2013

  A court date in an environmental case filed against ArcelorMittal Dofasco Inc. has been pushed back again to Sept. 3 because the government has not provided all of the appropriate disclosure materials to the steelmaker, according to the company.

• US steel imports eye third monthly rise Jun 05, 2013

  U.S. steel imports appeared to edge higher for a third consecutive month in May on stronger shipments of semifinished material and reinforcing bar, according to data from the U.S. Commerce Department’s Import Administration.

• Mississippi River shippers face flooding delays Jun 05, 2013

  Flooding has forced several lock closures along the upper Mississippi River, stranding some barges carrying steel and steelmaking materials below St. Louis, according to government and industry sources.

• Canam Group completes purchase of joist assets Jun 05, 2013

  Structural steel designer and fabricator Canam Group Inc. has completed its purchase of Quincy Joist Co.’s steel joist fabrication assets, including all equipment and inventory, in Buckeye, Ariz.

• Hanna Steel hikes tubular product prices Jun 05, 2013

  Hanna Steel Corp. has raised prices for its tubular products by a minimum of $30 per ton effective with shipments placed after 11 a.m. June 5.

• Mar-Mac builds own inventory software Jun 05, 2013

  At a time when a number of major metals firms have reported challenges implementing new software systems, at least one steel wire drawer has opted to forgo established programs and develop its own inventory-tracking database instead.

• Casey to sell assets from former RG Steel plant in Ohio Jun 05, 2013

  Casey Equipment Corp. has reached an exclusive agreement to sell assets from the former RG Steel LLC facility in Martins Ferry, Ohio.

• Rio Tinto short-lists potential bidders for Canadian ore assets Jun 05, 2013

  London-based miner Rio Tinto Plc has chosen its short list of suitors for the sale of its majority stake in Iron Ore Co. of Canada (IOC), according to media reports June 3.

• ITA favors US mills in ruling vs. China OCTG Jun 05, 2013

  U.S. oil country tubular goods mills have scored an initial win, with the Commerce Department’s International Trade Administration (ITA) preliminarily ruling in their favor on the scope of anti-dumping and countervailing duties on seamless product from China.

• CarTech replaces furnaces in plant upgrade Jun 05, 2013

  Carpenter Technology Corp. is undertaking a $20-million upgrade at its Reading, Pa., site, that will include the replacement of two furnaces to better produce high-temperature alloys for the specialty steel market.

• Deacero’s crude steel output at record 2.97M tonnes in 2012 Jun 05, 2013

  Mexican long products producer Deacero SA de CV produced 2.97 million tonnes of crude steel in 2012, setting a new annual production record.

• Japan's flat-roll steel shipments down in April Jun 05, 2013

  Japanese shipments of flat-rolled steel products fell sharply in April after hitting their highest levels in more than a year the previous month.

• Japanese scrap exports continue to rise on strong S. Korea demand Jun 05, 2013

  Japanese ferrous scrap exports continue to soar amid strong demand from South Korean mini-mills.

• Gerdau holds published beam prices Jun 04, 2013

  Gerdau Long Steel North America has kicked off an expected attempt by beam producers to hold published prices at their current levels even as market participants report tepid demand and signs that discounting has become even more entrenched.

• Detroit’s ferrous scrap market above forecast Jun 04, 2013

  Supply-side fundamentals prevented ferrous scrap prices from falling drastically for a third consecutive month after mills in Detroit traded at unexpected price levels June 4.

• Sam Siegel, retired Nucor finance chief, dies Jun 04, 2013

  Samuel Siegel, former vice chairman and chief financial officer of Nucor Corp., died June 2. He was 82.