Steel RSS

  • USS logs loss in qtr.; better times seen ahead Jul 29, 2014

    U.S. Steel Corp. slid into the red in the second quarter after a difficult winter and operational problems dented results, but it sees better times ahead.

  • OCTG gains momentum after dumping verdict Jul 29, 2014

    Oil country tubular goods (OCTG) prices are gathering steam following the recent anti-dumping trade case ruling that saw duties levied against South Korea, the largest overseas supplier of the product to the United States.

  • AK execs see electrical steel turnaround Jul 29, 2014

    AK Steel Corp. believes that "after a multi-year decline, the tide is beginning to turn" for the global electrical steel market.

  • Ohio plant lockout won’t slow deliveries: PTC Jul 29, 2014

    PTC Alliance Corp. doesn’t expect customer deliveries to be affected by a lockout of unionized workers at its Alliance, Ohio, manufacturing facility.

  • ‘Unplanned stoppage’ hits AK Ashland furnace Jul 29, 2014

    AK Steel Corp.’s Ashland (Ky.) Works recently suffered an "unplanned stoppage" of its blast furnace, a company spokesman said, confirming industry reports.

  • US raw steel output reaches 25-month high Jul 29, 2014

    U.S. raw steel output totaled an estimated 1,920,000 net tons last week, up 1.4 percent from 1,893,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.8 percent.

  • AK Steel losses narrow in qtr. as sales rise Jul 29, 2014

    AK Steel Corp. narrowed its net loss by 57.7 percent in the second quarter as increased sales outweighed the lingering impact of harsh winter weather, with the company upbeat of a better second half.

  • PTC locks out workers at Ohio plant Jul 28, 2014

    PTC Alliance Corp. locked out unionized workers at its Alliance, Ohio, manufacturing facility July 28 after they voted down a proposed labor deal, AMM has learned.

  • USS amends credit agreements for Canada ops Jul 28, 2014

    U.S. Steel Corp. may be looking to restructure its operations in Canada and has reached an agreement with lenders to modify some financing terms to allow for possible changes, filings with U.S. securities regulators and sources familiar with the matter indicated.

  • Nucor, Gerdau hiking rebar prices $10/ton Jul 28, 2014

    Nucor Corp. and Gerdau Long Steel North America have raised prices on reinforcing bar products by $10 per ton (50 cents per hundredweight) effective with new orders July 28.

  • AK Steel elects board member Jul 28, 2014

    AK Steel Corp. has elected Sheri H. Edison to its board of directors effective Aug. 1.

  • U.S. Steel, Hamilton union start contract talks Jul 28, 2014

    U.S. Steel Corp. and the union representing workers at its operations in Hamilton, Ontario, were scheduled to begin contract negotiations July 28, a union official said.

  • Drilling improves in US, Canada Jul 28, 2014

    The number of drill rigs running in the United States jumped by 12 last week, led by Louisiana (up six), while Canadian drilling activity climbed by 14 rigs compared with the previous week.

  • SDI, AK execs said visiting Severstal NA mills Jul 25, 2014

    Top executives from Steel Dynamics Inc. (SDI) and AK Steel Corp. attended town hall meetings at Severstal North America Inc. steel mills July 23, according to sources familiar with the matter.

  • Nucor appeals Ukraine wire rod ruling Jul 25, 2014

    Nucor Corp. will appeal a recent U.S. International Trade Commission (ITC) decision to let anti-dumping duties on wire rod imports from Ukraine expire, an attorney for the steelmaker told AMM.

  • Severstal NA plans outage in October Jul 25, 2014

    Severstal North America Inc. plans to take a 10-day outage in October at its mini-mill in Columbus, Miss.

  • US steel imports slide 11.1% in June Jul 25, 2014

    U.S. steel imports fell in June but calls for trade action, particularly vs. value-added sheet products from China, are mounting as more cold-rolled flowed in from the Asian nation.

  • Steel shipments, output fall in ’13 Jul 25, 2014

    U.S. steel shipments totaled 95 million tons in 2013, down 1 percent from the previous year, although shipments were 11 percent higher than the most recent five-year average of 86 million tons, according to the American Iron and Steel Institute’s annual statistical report.

  • Sheet steady despite drive for higher tags Jul 25, 2014

    Steel sheet prices held steady this past week as mills continued to drive for higher prices despite increased domestic output and lower or flat raw material costs.

  • Nucor upbeat on Turkish rebar trade case Jul 25, 2014

    Nucor Corp. is more optimistic about the prospects for higher margins against rebar from Turkey following a positive ruling involving South Korean oil country tubular goods (OCTG), the company’s top executive said.

  • NJ treasury division named lead plaintiff in suit vs. Cliffs Jul 25, 2014

    The investment division of the New Jersey Treasury Department has become the lead plaintiff in a class-action securities lawsuit against Cliffs Natural Resources Inc., according to documents filed in U.S. District Court in Ohio.

  • Steel mills' winter pains spell gains for Nucor Jul 25, 2014

    Nucor Corp. expects to maintain through year-end market share that was gained in the first quarter, when other steelmakers struggled to maintain output amid an unusually harsh winter and delayed ore shipments.

  • Essar Steel Algoma finalizes funding deal Jul 25, 2014

    Essar Steel Algoma Inc. has finalized the terms of an agreement that would provide the struggling steelmaker with a near-term capital infusion of $100 million.

  • Nucor mulling growth opportunities Jul 25, 2014

    Nucor Corp. continues to mull acquisitions, but won’t aim to add more sheet capacity, its top executive said.

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