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    USS stock jumps on CCAA filing

    Sep 18, 2014

    U.S. Steel Corp.’s stock jumped Wednesday in the wake of the company’s plans to restructure its Canadian operations. More »

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    USW lashes out at USS, Canadian gov’t

    Sep 17, 2014

    The United Steelworkers union is blaming U.S. Steel Corp. and the Canadian government for jeopardizing about 2,000 jobs as a result of the steelmaker’s plan to restructure its lossmaking Canadian subsidiary. More »

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    Ferrous bulk export prices lose more ground

    Sep 17, 2014

    U.S. ferrous scrap bulk export prices have lost more ground with the conclusion of sales to South Korea and Turkey. More »

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    ArcelorMittal eyes adding EF at Calvert

    Sep 17, 2014

    ArcelorMittal SA might consider adding an electric-arc furnace (EF) at AM/NS Calvert LLC, its joint-venture rolling mill in Calvert, Ala. More »

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    Steel distributor shipments dip, stocks rise

    Sep 17, 2014

    North American steel service center shipments dipped in August while inventories increased, according to the latest Metals Service Center Institute (MSCI) data. More »

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    Nucor projects stronger third quarter

    Sep 17, 2014

    Nucor Corp. expects stronger earnings in the third quarter due in part to higher projected profitability in sheet, structural bars and plate. More »

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    Steel will stay No. 1 in autos: ArcelorMittal

    Sep 17, 2014

    ArcelorMittal SA expects steel to remain the material of choice for cars and light trucks, according to company executives. More »

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    Electrical steelmakers appeal trade ruling

    Sep 17, 2014

    The domestic grain-oriented electrical steel (GOES) industry is appealing the U.S. International Trade Commission’s (ITC’s) negative determination in an anti-dumping investigation of imports from Germany, Japan and Poland. More »

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    Esmark unit seals KMA Manufacturing deal

    Sep 17, 2014

    Esmark Industrial Group LLC, a metals fabrication and manufacturing subsidiary of Esmark Inc., has completed the acquisition of KMA Manufacturing LLC, formerly known as Pittsburgh Annealing Box Inc. More »

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    Distributors’ aluminum shipments stay strong

    Sep 17, 2014

    North American service center aluminum shipments continued their year-on-year improvement in August despite a dip from earlier this summer, according to the latest Metals Service Center Institute (MSCI) data. More »

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    Market bullish on aluminum growth

    Sep 17, 2014

    The aluminum market remains poised for continued growth through 2014 and into 2015, but concerns persist, according to attendees at the Institute of Scrap Recycling Industries Commodities Roundtable in Chicago. More »

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    Land bill spurs Nevada Copper project

    Sep 17, 2014

    Nevada Copper Corp. expects its Pumpkin Hollow copper project to become fully permitted by early next year after the U.S. House of Representatives passed the Northern Nevada Land Conservation and Economic Development Act. More »

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    Water rules, freight concerns for copper

    Sep 17, 2014

    Regulations put in place to control lead in drinking water continue to pose challenges for copper scrap consumers, market participants said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago. More »

Latest News by Category

Steel

  • Severstal NA chief departs following sale

    Former Severstal North America Inc. chief executive officer Saikat Dey has left the company following its acquisition by Steel Dynamics Inc. (SDI) and AK Steel Corp.

  • SDI expects stronger earnings in 3d qtr.

    Steel Dynamics Inc. (SDI) said it expects its third-quarter earnings to be higher than in the second quarter and a year earlier as "both shipments and metal spreads are expected to improve across the steel operating platform."

  • Esmark forms European unit, taps former USS execs

    Esmark Inc. has created an Esmark Europe subsidiary whose ranks include former executives of U.S. Steel Corp.’s operations in Slovakia, the company said Sept. 18.

  • SMA tackling high rail, trucking rates

    The Steel Manufacturers Association (SMA) is prioritizing the problem of high rail and trucking freight rates, according to the group’s top executive.

  • China’s run as lowest-cost stainless producer limited

    Chinese stainless steelmakers have less than a decade before their cost curves converge with the rest of the world and end their run as the lowest-cost producers of the product, one industry analyst said.

Scrap

  • DRI effect on scrap mart seen muted

    Scrap remains the raw material of choice for electric-arc furnace (EF) steelmakers, even as interest in direct-reduced iron (DRI) ramps up, Steel Manufacturers Association (SMA) president Philip K. Bell told AMM in an interview.

  • Correction: Ferrous bulk export prices lose more ground

    A story posted to AMM’s website Sept. 17 on bulk ferrous scrap export prices should have said that at $370 per tonne c.i.f. Turkey, prices for an 80/20 mix of No. 1 and No. 2 heavy melting scrap shipped from the East Coast are now down around $15 per tonne from a month ago on a delivered basis and are even weaker than that on an f.o.b. basis due to higher freight costs. The story incorrectly implied that the f.o.b. price had declined by a lesser amount.

  • Multi-material vehicles pose scrap sorting hurdles

    Multi-material vehicles present new challenges when it comes to sorting scrap leftover from stamping, according to Honda Motor Co. Ltd. executives.

  • China slowdown weighs on copper outlook

    A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the U.S. will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Water rules, freight concerns for copper

    Regulations put in place to control lead in drinking water continue to pose challenges for copper scrap consumers, market participants said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

Nonferrous

  • Aero backlogs spur titanium integration

    Surging commercial aircraft backlogs are spurring the need for vertical integration in the aerospace supply chain, titanium industry executives said.

  • China slowdown weighs on copper outlook

    A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the U.S. will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

  • Land bill spurs Nevada Copper project

    Nevada Copper Corp. expects its Pumpkin Hollow copper project to become fully permitted by early next year after the U.S. House of Representatives passed the Northern Nevada Land Conservation and Economic Development Act.

  • Midwest premiums hold firm but increases seen looming

    Midwest aluminum premiums held steady this week, but market participants said that premiums could head higher in step with increased North American capacity constraints.

  • Water rules, freight concerns for copper

    Regulations put in place to control lead in drinking water continue to pose challenges for copper scrap consumers, market participants said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago.

Supply Chain

  • Aero backlogs spur titanium integration

    Surging commercial aircraft backlogs are spurring the need for vertical integration in the aerospace supply chain, titanium industry executives said.

  • Greenbrier logs 15,000 rail car orders in qtr.

    Greenbrier Cos. received new orders for 15,000 rail cars valued at $1.37 billion in its fiscal fourth quarter ended Aug. 31, down from the previous quarter but up sharply from the year-earlier period.

  • Multi-material vehicles pose scrap sorting hurdles

    Multi-material vehicles present new challenges when it comes to sorting scrap leftover from stamping, according to Honda Motor Co. Ltd. executives.

  • Honda to keep leaning on steel for body strength: exec

    Honda Motor Co. Ltd. will continue to use a range of materials for its North American-made vehicles, company executives said, but noted that parts important for body strength will likely remain steel.

  • AM/NS Calvert to lift slab supply from Ind.

    ArcelorMittal SA’s plan to boost slab supplies from its Indiana Harbor plant in East Chicago, Ind., to its AM/NS Calvert LLC facility could allow the company to sell products to customers participating in projects with “Buy American” requirements.

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  • Optimism prevails in market outlook for the year ahead

    Stainless steel demand continues to show strong growth, much of which has come from real market demand rather than simple inventory restocking.

  • A reduced appetite

    Mills are cherry picking direct-reduced iron technologies from leading providers as they seek the best input mix to create the optimal product while keeping costs under control at a time when raw materials are a driving factor in corporate profitability.

  • Iron will

    Steelmakers and other companies that have moved—or are considering moving—into direct-reduced iron production are exploiting advantageous energy prices while also looking to keep raw material costs and accessibility under their own control.

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