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China’s plate export prices fall further in weak market

China’s plate export market lost further ground this past week as buyers remained scarce and more mills reduced their list prices.
Outokumpu will test daily alloy surcharge in Europe

Stainless steel producer Outokumpu Oyj will pilot a daily alloy surcharge system in Europe this summer, the company said May 22.
Major Russian steelmakers’ exports slide 16% in April

Major Russian steelmakers’ export sales declined in April while domestic sales grew slightly, not-for-profit industry organization Russian Steel said May 21.
Metal firms ready to help tornado victims

Oklahoma-based metal distributors, fabricators, processors and downstream users reached by AMM largely said their facilities escaped damage and employees were safe and accounted for following a devastating tornado that killed at least two dozen people May 20.
Gerdau to build rebar fabrication site in Tenn.

Gerdau Long Steel North America will build a 120,000-ton-per-year rebar fabrication facility in Knox County, Tenn., a company spokeswoman told AMM May 21.

Secondary aluminum alloy prices decline

Slowing demand and loosening scrap supply caused some secondary aluminum alloys to weaken May 20, sources said.
Automotive Core Supply to open yard in Lakeland, Fla.

City officials in Lakeland, Fla., have approved Automotive Core Supply Inc.’s request to open a metals recycling facility in the city.
Stainless scrap processors’ buying prices slide

Stainless steel scrap processor buying prices have dropped along with official nickel pricing, with processors now looking toward the second half of the year for a pickup in orders.
Exporters seeing rise in scrap thefts

Shippers of raw materials have seen a dramatic increase in thefts from containers in China, an indirect result of the country’s Operation Green Fence crackdown on scrap imports.
Philly recycler plans to install auto shredder

A Philadelphia recycler has been quietly making plans to install an auto shredder.

Las Bambas buyer might not be Chinese: minister

The buyer of Peru’s Las Bambas copper project "doesn’t necessarily have to be a Chinese company," according to Peruvian energy and mines minister Jorge Merino Tafur.
Tampakan could supply copper concentrate to Glencore Xstrata's Pasar smelter

Glencore Xstrata Plc could use copper concentrate from the planned Tampakan copper-gold project to feed its Pasar smelter, according to an executive at Tampakan investor Indophil Resources NL.
Global molybdenum market balanced in ’12, report says

The global molybdenum market was essentially in balance last year, with production exceeding consumption by just 4,000 tons, according to a report from Beijing-based market research company Research in China.
Metal firms ready to help tornado victims

Oklahoma-based metal distributors, fabricators, processors and downstream users reached by AMM largely said their facilities escaped damage and employees were safe and accounted for following a devastating tornado that killed at least two dozen people May 20.
HKMEx halts trading services as metal futures fail to take off

The Hong Kong Mercantile Exchange (HKMEx) has voluntarily suspended all automated trading services in response to weak trading volumes seen on its flagship gold contract.

Laverty retires from Sandmeyer Steel

Sandmeyer Steel Co. sales manager William Laverty Jr. has retired from the stainless steel and nickel alloy plate processor.
Roadrunner Steel to expand processing capacity in Ariz.

Flat-rolled processor Roadrunner Steel LLC has slated a $7-million expansion that will augment its slitting capacity with new leveling equipment.
Correction: Pipelines will flow despite delays

Due to a reporting error, a story posted to AMM's website May 20 incorrectly stated the cost of shipping crude oil by rail and pipeline.
Worthington promotes two execs

Worthington Industries Inc. has promoted two executives who will lead its engineered cabs and Worthington Armstrong Venture (Wave) business segments starting July 1.
Metal firms ready to help tornado victims

Oklahoma-based metal distributors, fabricators, processors and downstream users reached by AMM largely said their facilities escaped damage and employees were safe and accounted for following a devastating tornado that killed at least two dozen people May 20.

VIDEO: Kennecott’s Bingham Canyon mine update by Andrea Hotter

AMM's special correspondent Andrea Hotter ventures to the site of Kennecott Utah Copper’s Bingham Canyon Mine in the aftermath of last month's massive wall slide.
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A look back to see what’s next for OCTG

At the start of the new century, there were few signs that the oil country tubular goods (OCTG) market was about to do something historic. But a remarkable growth cycle started about a decade ago, fueled by technological innovation and increased energy demand.
AMM Aluminum Summit preview

AMM ’s third annual Aluminum Summit in June will offer analysts and executives from every step along the supply chain an opportunity to collaborate, address the challenges facing the industry, and seize the opportunities that domestic and global markets have to offer.
Commercial airliner demand keeps aerospace soaring

Despite a somewhat discouraging trend in the defense sector, global demand and investment are expected to maintain a profitable market climate.