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Action needed on steel overcapacity: Bouchard

Steel industry leaders need to make strong moves to combat chronic overcapacity and low profit margins, according to Cambelle-Inland LLC chairman Craig Bouchard.
ArcelorMittal to idle Cleveland furnace

ArcelorMittal USA LLC has scheduled a 2.5-month maintenance outage to reline its C6 blast furnace in Cleveland starting early September, a company spokeswoman confirmed.
ArcelorMittal Dofasco chief exits

ArcelorMittal Dofasco Inc. president and chief executive officer Juergen G. Schachler is exiting his posts to shift to another part of the company.
Steel executives see silver linings in US

Many U.S. steel producers have faced a challenging few years on the back of overcapacity and global economic malaise, but there are some reasons to be optimistic about the recovering region, several top executives said on a panel at the Steel Success Strategies XXVIII conference.
Execs say mergers won’t fix steel overcapacity

Global steel production overcapacity will remain a problem until population growth spurs demand, panelists said June 18 at the Steel Success Strategies XXVIII conference in New York.

Donaghy steps down from ISA posts

Brian G. Donaghy has resigned as president and chief operating officer of Industrial Services of America Inc. (ISA), according to a June 17 Securities and Exchange Commission filing.
Aurubis to hit targets despite copper scrap shortage

Aurubis AG’s recycled copper business unit is on track to hit its 2013 production targets despite a tightening in copper scrap markets, Volker Pawlitzki, senior vice president for commercial recycling, told AMM sister publication Metal Bulletin.
SDI expects lower earnings in 2d quarter

Steel Dynamics Inc. (SDI) expects to post lower earnings for the second quarter, with a compression in profit margins offsetting increased sales volumes.
Most lead scrap prices ease; zinc scrap drops

Most free-market lead scrap prices weakened this week, with market participants noting that tags are following recent dips on the London Metal Exchange.
Michigan scrap bill voting is pushed off until autumn

Michigan will have to wait a little while longer to find out the outcome of a set of proposed bills aimed at curbing metals theft.

Aurubis to hit targets despite copper scrap shortage

Aurubis AG’s recycled copper business unit is on track to hit its 2013 production targets despite a tightening in copper scrap markets, Volker Pawlitzki, senior vice president for commercial recycling, told AMM sister publication Metal Bulletin.
Trafigura to sell Peru mine to Southern Peaks

Trafigura Beheer BV’s mining group has agreed to sell its 98.68-percent stake in copper producer Compañia Minera Condestable SA (CMC) to Southern Peaks Mining LP.
Canadian group releases draft mine standards

Canada’s Resource Revenue Transparency Working Group, whose members include the Mining Association of Canada, the Prospectors’ and Developers’ Association of Canada and the Revenue Watch Institute, has released draft recommendations on implementing mandatory reporting standards for Canadian mining companies.
World zinc, lead markets in deficit in April

The global zinc market saw a 15,600-tonne deficit in April, according to preliminary data from the International Lead and Zinc Study Group (ILZSG).
Alcoa, Boeing set up closed-loop recycle system

Boeing Co. and Alcoa Inc. have formed a closed-loop program to help increase the recycling of aluminum aerospace alloys.

RTI expands downstream role on Bombardier aircraft

RTI International Metals Inc. has signed a new seven-year supply agreement with Bombardier Aerospace, a unit of Montreal-based Bombardier Inc.
Housing rise not enough: copper industry

New home construction permits were up 20.8 percent last month compared with a year earlier, but sources say it is not a strong enough recovery from the recession years.
Buyers question mill hikes as shipments lag

U.S. and Canadian service centers recorded drops in both steel shipments and inventories in May as market players questioned the ability of domestic mills to stick to their guns on recently announced price moves.
Aluminum shipments fall in May: MSCI

North American service center sources debated the future health of the aluminum market amid news that U.S. aluminum shipments and inventories dipped in May compared with a year earlier.
Copper distributor lead times narrow

Copper and brass service centers’ lead times have dropped dramatically as a result of an ongoing slump in demand.

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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'Frac pipe' poses new threat to steel mills

After a recent incident at a Texas steel mill in which a scrap charge thought to contain ‘frac pipe’ exploded, a debate has kicked up over the dangers posed by some raw materials.
AMM Steel Hall of Fame: Cecilia Danieli

Italy’s Lady of Steel helped build or equip numerous mini-mills around the world at a time when integrated mills were still recovering from the hard times of the 1970s and early 1980s.
AMM Steel Hall of Fame: Keith Busse

After leading Nucor’s pioneering Crawfordsville, Ind., facility into production in the mid-1980s, Busse built Steel Dynamics into one of the nation’s premier steel companies.