Top Stories

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    Scrap price sentiment seen climbing for Aug.

    Jul 30, 2014

    U.S. steel mills are unlikely to cancel outstanding scrap orders July 31 as market sentiment on August’s price direction improves. More »

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    No summer doldrums for flat steels: Longhi

    Jul 30, 2014

    The North American flat-rolled steel market has escaped the "summer doldrums" and remains on solid footing despite increased imports, U.S. Steel’s top executive said. More »

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    U.S. Steel considering investment in EF, DRI

    Jul 30, 2014

    U.S. Steel Corp. is examining investments in both electric-arc furnace (EF) and direct-reduced iron (DRI) capabilities as it continues to mull both organic growth and acquisitions, executives said. More »

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    WC sees effects of possible filings vs. China

    Jul 30, 2014

    Steel buyers on the West Coast are seeing increased wariness from sellers of Chinese cold-rolled and galvanized sheet as possible trade complaints loom. More »

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    Noront eyeing Cliffs’ chromite assets

    Jul 30, 2014

    Noront Resources Ltd. would consider acquiring Cliffs Natural Resources Inc.’s chromite assets in the Ring of Fire region of northern Ontario should the mining company’s management choose to divest them. More »

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    Gerdau posts strong N. America results

    Jul 30, 2014

    Gerdau SA’s North America business saw significantly higher production, sales and earnings in the second quarter due in part to strong demand. More »

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    Severstal NA’s earnings climb 33.3% in qtr.

    Jul 30, 2014

    Severstal North America Inc.’s earnings before interest, taxes, depreciation and amortization (Ebitda) climbed 33.3 percent sequentially in the second quarter as rolled product sales rose 6 percent, parent company OAO Severstal said in its quarterly financial results. More »

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    OCTG ruling vs. Korea may bolster US projects

    Jul 30, 2014

    The recent dumping margins assessed on imports of oil country tubular goods (OCTG) from South Korea could set some domestic expansion projects rolling again, market sources told AMM. More »

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    Superior Industries to close Ark. facility

    Jul 30, 2014

    Superior Industries International Inc. is closing its manufacturing facility in Rogers, Ark., as part of an initiative to reduce costs and enhance its global competitive position. More »

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    Aluminum supply glut threat said aggrandized

    Jul 30, 2014

    A narrowing contango in aluminum futures t could lead to a large amount of the material hitting the physical market, although some industry players said that the threat of a supply glut was being exaggerated by traders at major banks looking to cash in on short-term profits. More »

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    Orbite Aluminae net loss widens in qtr.

    Jul 30, 2014

    Orbite Aluminae Inc.’s net loss widened in the second quarter compared with a year earlier as it moves toward completion of a new high-purity alumina facility in Cap-Chat, Quebec. More »

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    Upstate getting parts for Pa. shredder

    Jul 30, 2014

    Upstate Shredding LLC-Ben Weitsman & Son Inc.’s operations in New Castle, Pa., has begun to receive pieces of the new auto shredder for the site. More »

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    Italian auto parts caster to build Mich. foundry

    Jul 30, 2014

    An Italian automotive parts casting company plans to construct a €74-million ($99.2-million) melting facility specializing in brake discs in Homer, Mich. More »

Latest News by Category

Steel

  • USS sees opportunity in premium OCTG

    U.S. Steel Corp. should benefit from increased demand for premium tubular products even as the market struggles to work off a glut of commodity-grade welded oil country tubular goods (OCTG), the company’s top executive said.

  • Vallourec sees OCTG ruling lifting prices

    Vallourec SA expects its second-half oil country tubular goods (OCTG) prices to be buoyed by the United States’ recent anti-dumping ruling against product from South Korea and other countries.

  • USS Kosice said untouched by turmoil

    U.S. Steel Corp.’s operations in Slovakia haven’t been impacted by fighting in eastern Ukraine and sanctions imposed on Russia, according to the company’s top executive.

  • WC sees effects of possible filings vs. China

    Steel buyers on the West Coast are seeing increased wariness from sellers of Chinese cold-rolled and galvanized sheet as possible trade complaints loom.

  • OCTG ruling vs. Korea may bolster US projects

    The recent dumping margins assessed on imports of oil country tubular goods (OCTG) from South Korea could set some domestic expansion projects rolling again, market sources told AMM.

Scrap

Nonferrous

  • Century Aluminum back in the black in 2d qtr.

    Higher aluminum prices and lower power rates in the Midwest helped Century Aluminum Co. return to profitability in the second quarter.

  • HudBay completes Augusta Resources purchase

    Copper and zinc miner HudBay Minerals Inc. has acquired 96 percent of the outstanding shares of Augusta Resource Corp., which owns the Rosemont copper project in Pima County, Ariz.

  • Aluminum supply glut threat said aggrandized

    A narrowing contango in aluminum futures t could lead to a large amount of the material hitting the physical market, although some industry players said that the threat of a supply glut was being exaggerated by traders at major banks looking to cash in on short-term profits.

  • Orbite Aluminae net loss widens in qtr.

    Orbite Aluminae Inc.’s net loss widened in the second quarter compared with a year earlier as it moves toward completion of a new high-purity alumina facility in Cap-Chat, Quebec.

  • Noront eyeing Cliffs’ chromite assets

    Noront Resources Ltd. would consider acquiring Cliffs Natural Resources Inc.’s chromite assets in the Ring of Fire region of northern Ontario should the mining company’s management choose to divest them.

Supply Chain

  • Superior Industries to close Ark. facility

    Superior Industries International Inc. is closing its manufacturing facility in Rogers, Ark., as part of an initiative to reduce costs and enhance its global competitive position.

  • Italian auto parts caster to build Mich. foundry

    An Italian automotive parts casting company plans to construct a €74-million ($99.2-million) melting facility specializing in brake discs in Homer, Mich.

  • Vulcanium taps Peko for new post

    Vulcanium Metals International LLC has hired Kim Peko to fill the company’s new position of aerospace business development manager.

  • Commercial aero offsets Ducommun’s military cuts

    Growing commercial aerospace work helped Ducommun Inc.’s net income soar in the second quarter, and the Los Angeles-based aerospace subcontractor’s stock price once again reacted sharply to unexpected earnings results.

  • High costs push Castle deeper into red

    Metals and plastics distributor A.M. Castle & Co. experienced a disappointing second quarter, the company’s top executive said, as steep operating costs ate up more than half of $249.5 million in quarterly sales amid broader restructuring.

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  • Is it time to shred the shredders? by Jo Isenberg

    Oklahoma resident Eileen Rowley claims that windows have been cracked and house foundations damaged due to “sonic booms” permeating her neighborhood. And she’s not alone.

    Read More

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