Steel RSS

  • Timken ready for new start with spinoff of steel business Jun 16, 2014

    Timken Co.’s spinoff of its steel business into a separate entity is scheduled for June 30, with common shares of the new TimkenSteel Corp. to be distributed "near day’s end," the company said.

  • US drilling slips, Canada jumps Jun 16, 2014

    The number of drill rigs running in the United States fell by six last week.

  • Canada probes rebar imports Jun 16, 2014

    The Canada Border Services Agency (CBSA) has begun an investigation into alleged dumping and subsidizing of certain rebar products from China, South Korea and Turkey.

  • Lawmakers seek reversal of ITA decision on Korea OCTG Jun 13, 2014

    More than 150 members of the U.S. House of Representatives are opposing an initial decision by the U.S. Commerce Department’s International Trade Administration (ITA) not to impose anti-dumping duties on oil country tubular goods from South Korea, according to a June 13 letter to Commerce Secretary Penny Pritzker.

  • ArcelorMittal agrees to pay $90M to settle suit Jun 13, 2014

    ArcelorMittal SA and its U.S. subsidiary have agreed to pay $90 million to settle a 2008 lawsuit alleging that the companies and other major steel producers conspired to fix steel prices, according to documents filed in U.S. District Court in Illinois.

  • Worker killed in accident at Nucor facility Jun 13, 2014

    A worker was killed June 12 at Nucor Corp.’s Berkeley steel mill in Huger, S.C.

  • No new trial in MM Steel antitrust case Jun 13, 2014

    A federal judge has denied a new trial for steel companies and service centers hit with $156 million in damages in a Texas antitrust lawsuit that accused them of trying to drive MM Steel LP out of business.

  • Steel sheet prices slip; players mixed on mart Jun 13, 2014

    U.S. steel sheet prices continued to drift downward this past week despite a push by domestic mills to shore up prices and outages at integrated mills in the Midwest.

  • Korea mills seek 'complete' OCTG case records Jun 13, 2014

    Counsel for South Korean oil country tubular goods (OCTG) manufacturers Hyundai Hysco Co. Ltd. and Nexteel Co. Ltd. have asked the U.S. Commerce Department to ensure that the record in an ongoing anti-dumping investigation is complete.

  • SSAB said likely to take Oct. outage at Ia. mill Jun 13, 2014

    SSAB Americas will likely take a planned maintenance outage at its steel plate facility in Montpelier, Iowa, in October, market sources said.

  • World DRI output to grow ‘quite considerably’ Jun 12, 2014

    Global production of direct-reduced iron (DRI), aided in part by the increasing availability of natural gas, should increase by at least 5 million tons annually over the next decade with the addition of several large new plants, according to Midrex Technologies Inc.

  • Loenbro planning to build facility in Montana Jun 12, 2014

    Energy services and maintenance construction company Loenbro Inc. is building a 30,000-square-foot facility in Great Falls, Mont., according to a company executive.

  • Donald Foster to retire from L.B. Foster Jun 12, 2014

    Donald L. Foster will retire as senior vice president of L.B. Foster Co.’s construction products group June 20 after a 35-year career in the steel industry.

  • ITA postpones wire rod decision Jun 12, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has postponed to Aug. 29 its preliminary decision in an anti-dumping investigation against imports of wire rod from China at the request of domestic petitioners, according to a filing.

  • Casablanca steps up push for control of Cliffs Jun 12, 2014

    Casablanca Capital LP has renewed its push to install a majority leadership at Cliffs Natural Resources Inc., rejecting the iron ore miner’s offer to cede two seats on its board of directors, also filing a proxy statement.

  • Tubular weakness sinks Friedman’s earnings Jun 12, 2014

    Falling tubular selling prices and volumes sent Friedman Industries Inc.’s net income tumbling 72.1 percent in fiscal 2014.

  • Nucor increasing plate products Jun 12, 2014

    Nucor Corp. has raised prices for carbon as-rolled plate, as well as alloy and heat-treated plate effective immediately, the Charlotte, N.C.-based steelmaker said in a letter to customers June 12.

  • ArcelorMittal lifts plate tags; others seen following Jun 11, 2014

    ArcelorMittal USA LLC has increased prices on as-rolled plate products by a minimum of $30 per ton ($1.50 per hundredweight) and boosted tags on heat-treated plate products by at least $50 per ton ($2.50 per cwt).

  • Fire at Evraz Colo. site contained Jun 11, 2014

    A fire at Evraz Inc. North America’s property in Pueblo, Colo., on June 10, which "did not involve any Evraz Pueblo mill or operation," was brought under control with no injuries, the company said.

  • Cliffs concession may not be enough Jun 11, 2014

    The proxy sparring match between Cliffs Natural Resources Inc. and activist hedge fund Casablanca Capital LP looks poised to continue, even as the country’s largest iron ore miner agreed to concede at least two seats on its 11-person board.

  • Abakan lands two Mexican sales orders Jun 11, 2014

    Abakan Inc. has secured initial sales and test orders for its patented PComP coatings from two of Mexico’s largest steel manufacturers, the company said June 10.

  • Esmark mulling interest in USS' former mill Jun 10, 2014

    Esmark Steel Group LLC is conducting due diligence at Železara Smederevo d.o.o., U.S. Steel Corp.’s former operations in Serbia, an executive at the Serbian mill said, noting that company representatives recently visited the facility.

  • US raw steel output retreats 2.6 percent Jun 10, 2014

    U.S. raw steel output totaled an estimated 1,845,000 net tons last week, down 2.6 percent from 1,895,000 tons the previous week, as mills operated at an average capacity utilization rate of 76.7 percent.

  • SDI steel beam shipments said delayed Jun 10, 2014

    Steel Dynamics Inc.’s (SDI’s) wide-flange beam shipments are still being plagued by delays even though this year’s disruptive winter weather problems have passed, according to market sources.

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