Steel RSS

  • Gerdau halts Tenn. rebar plant for one day Jun 10, 2014

    Gerdau Long Steel North America’s Knoxville, Tenn., steel mill shut down for the day June 10 after the company learned an employee died from injuries sustained in a May explosion, a spokeswoman told AMM via e-mail.

  • US steel exports at 6-month high in April Jun 10, 2014

    U.S. exports of steel mill products climbed 3.8 percent in April compared with the previous month, marking a six-month high, according to the latest U.S. Census Bureau data.

  • AK Steel, union reach labor deal at Middletown Jun 10, 2014

    AK Steel Corp. has reached a labor agreement with unionized workers at its Middletown, Ohio, facility more than three months before the existing contract was set to expire.

  • Outokumpu adjusts stainless price hike Jun 10, 2014

    Outokumpu Stainless USA LLC has revised stainless steel base prices for Type 201 and 201LN material effective June 6.

  • Exploreco hires Watson as vp of sales Jun 10, 2014

    Exploreco International LLC has hired Duke C. Watson as vice president of sales, the company said.

  • US steel mill shipments slip in April Jun 09, 2014

    U.S. steel mills shipped 8.24 million net tons in April, down 1.2 percent vs. March even as shipments were 3.2 percent higher year on year, the American Iron and Steel Institute said June 9.

  • Effort to lift beam tags defused by shred’s fall Jun 09, 2014

    Softening scrap tags are defusing any effort to raise beam prices, despite what appears to be improving activity in nonresidential construction, according to most buyer sources.

  • Great Lakes iron ore shipments back to normal Jun 09, 2014

    Great Lakes iron ore shipments returned to normal levels in May, although the supply chain continued to feel the impact of a cold winter as ice-damaged vessels out for repairs reduced shipping capacity.

  • Borusan suit vs. Commerce dismissed Jun 09, 2014

    The U.S. Court of International Trade (CIT) has dismissed a lawsuit filed by Turkey’s Borusan Mannesmann Boru Sanayi ve Ticaret AS against the Commerce Department regarding its post-preliminary decision in an oil country tubular goods (OCTG) countervailing duty case.

  • Algoma Tubes, USW in 3-year labor deal Jun 09, 2014

    Tenaris Algoma Tubes and its unionized workers have ratified a new labor deal, a company spokesman told AMM June 9.

  • ITC expedites China duty reviews Jun 09, 2014

    The U.S. International Trade Commission (ITC) is expediting a sunset review of anti-dumping duty orders on certain steel threaded rod and malleable iron pipe fittings from China.

  • US drilling falls, Canada rises Jun 09, 2014

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

  • Nonresidential building gains may boost steel Jun 06, 2014

    A positive outlook for nonresidential construction has added to growing optimism that 2014 will be the best year for steel demand in this sector since it entered a slump six years ago.

  • Strong demand boosts stainless steel prices Jun 06, 2014

    Stainless steel prices have risen again in June on the strength of base price increases from major domestic producers and higher raw material surcharges, with distributors noting rising costs but expressing confidence that demand will support prices.

  • Steel wire rod, rebar prices remain steady Jun 06, 2014

    Prices for most long steel products have remained steady in recent weeks as market participants noted low transaction volumes amid ample supply and unremarkable demand.

  • Late trading firms up prices for shredded scrap Jun 06, 2014

    Ferrous scrap prices into some Midwest areas firmed on late-week trading after a few mills continued to seek June’s most valuable grade: shredded scrap.

  • Steel plate prices flat, but some see upturn Jun 06, 2014

    Steel plate prices remained firm this past week as some market sources said the sector could be in for a long-overdue cyclical upturn. But others cautioned that such bullish talk made little sense with scrap prices expected to fall in the near term.

  • Metal powder shipments to rise in ’14 Jun 06, 2014

    Metal powder shipments should rise 5 percent this year in tandem with a corresponding increase in the materials' largely automotive parts markets, according to the Metal Powder Industries Federation (MPIF).

  • ArcelorMittal looks to set floor under sheet tags Jun 06, 2014

    ArcelorMittal USA LLC has opened its August order books and is looking to shore up officially published prices, according to market sources and a company letter.

  • Shredded scrap prices offer mills best values Jun 05, 2014

    Price differentials between heavy melt, plate and structural, and shredded scrap are poised to break free from historical spreads based on recovery values as another month of weaker shredded scrap prices has brought cut grades near—or on par with—shred in several regions.

  • US wire rod makers allege China surge Jun 05, 2014

    Domestic steelmakers have asked the U.S. Commerce Department’s International Trade Administration (ITA) to impose duties retroactively on Chinese shipments of carbon steel wire rod products, alleging that imports have surged in the three months since their initial complaint.

  • Structural tubing prices hold steady, for now Jun 05, 2014

    Structural tubing prices east of the Rockies are holding steady despite a recent softening in the flat-rolled market, although some sources see declines on the horizon.

  • USS Gary furnace idling clouds sheet’s direction Jun 05, 2014

    The direction of the U.S. steel sheet market has been thrown into question due to an incident at U.S. Steel Corp.’s Gary Works in northwest Indiana.

  • MMFX taps sales, marketing vp Jun 05, 2014

    MMFX Steel Corp. of America has named Kevin McKown vice president of sales and marketing.

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