Steel RSS

  • 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.

  • Cliffs tumbles into red amid lower prices Jul 24, 2014

    Cliffs Natural Resources Inc., the largest U.S. iron ore miner, posted a $1.9-million net loss in the second quarter amid falling iron ore and metallurgical coal prices.

  • SunCoke logs loss in 2d quarter Jul 24, 2014

    SunCoke Energy Inc. drew red ink in the second quarter, primarily due to a $103.1-million impairment charge tied to the planned sale of its domestic coal mining business.

  • Nucor’s net income jumps 72.7% in 2d qtr. Jul 24, 2014

    Nucor Corp.’s profits surged 72.7 percent in the second quarter on stronger sales, with the steelmaker upbeat on the third quarter due to higher steel sheet and plate prices and improving nonresidential construction demand.

  • China to tax certain steel imports July 31 Jul 24, 2014

    China’s Ministry of Finance will cancel tax protections for 78 imported steel products effective July 31, the China Iron and Steel Association (Cisa) said.

  • SunCoke sale of coal mining assets OK’d Jul 24, 2014

    SunCoke Energy Inc.’s board has approved the sale of its coal mining assets.

  • Warren Steel lands lower power rate Jul 24, 2014

    Warren Steel Holdings LLC has received approval from Ohio regulators for a lower power rate and is gearing up to restart operations Aug. 1, it said.

  • Nucor raises mesh $20 per ton Jul 23, 2014

    Nucor Corp.’s rebar and wire rod mill in Wallingford, Conn., has raised prices for all mesh products by $20 per ton ($1 per hundredweight), according to a July 21 letter to customers.

  • Sherman Steel mulling Ohio rebar mill Jul 23, 2014

    A mill construction company is in the early stages of feasibility and marketing studies to build an independent rebar mill in the Youngstown, Ohio, area, AMM has learned.

  • SDI to get processor stake in Severstal NA deal Jul 23, 2014

    Steel Dynamics Inc. (SDI) will garner about a 20-percent stake in Mississippi Steel Processing LLC as part of its $1.6-billion deal for OAO Severstal’s Columbus, Miss., mill, according to a purchase agreement filed with the U.S. Securities and Exchange Commission (SEC).

  • Structural steel prices seen stable in 2d half Jul 23, 2014

    North American construction costs rose for the 30th straight month in July amid higher fabricated structural steel prices, although pricing is expected to stabilize for the balance of the year, according to an IHS Inc. research report.

  • SSAB Americas bullish on 2d half, logs profit Jul 23, 2014

    SSAB Americas’ profits heated up in the second quarter due in part to price increases and strong demand from the automotive and service center sectors.

  • U.S. Steel claims errors in ITA’s OCTG ruling Jul 23, 2014

    Lawyers for U.S. Steel Corp. have asked the U.S. Commerce Department to address three alleged ministerial errors in recent final determinations in a trade case against oil country tubular goods (OCTG) from nine nations.

  • TransCanada gets pipeline OK Jul 23, 2014

    TransCanada Corp. has received regulatory approval to build a 56-mile pipeline in Alberta.

  • Egyptian Steel seeks duties on Turkish rebar: chief exec Jul 23, 2014

    Egyptian Steel Group is seeking anti-dumping tariffs on Turkish rebar to help protect the fledgling local industry and is looking at the U.S. Commerce Department’s handling of its rebar trade case against Turkey with interest, according to its top executive.

  • SDI ramping up SBQ mill; orders strong Jul 23, 2014

    Steel Dynamics Inc. (SDI) continues to ramp up output of the sizing mill at its small-diameter special bar quality (SBQ) rolling mill in Pittsboro, Ind., amid a strong flow of orders, a company executive said.

  • Sheet tags said on rise; staying power unclear Jul 23, 2014

    Sheet prices are on the rise due to solid bookings despite flat to slightly lower scrap prices, Steel Dynamics Inc. (SDI) executives said, although one analyst questions the sustainability of current pricing levels.

  • NLMK USA’s sales rise in qtr. on better demand, weather Jul 23, 2014

    Russian steelmaker Novolipetsk Steel’s (NLMK’s) U.S. operations recorded higher sales in the second quarter despite repairs denting crude steel output at the company’s Portage, Ind., mill.

  • China, US lift June global steel output Jul 23, 2014

    Global crude steel production of 137.1 million tonnes in June rose 3.1 percent from the same month last year, according to the latest World Steel Association data.

  • Peabody posts 2d-qtr. loss but bullish on coal demand Jul 23, 2014

    Peabody Energy Corp. fell into the red in the second quarter despite coal’s contribution to the global energy mix rising to 30 percent of consumption, its highest level since 1970.

  • USS names Darragh acting controller Jul 23, 2014

    U.S. Steel Corp. has named Colleen M. Darragh as acting controller, according to a filing with the U.S. Securities and Exchange Commission (SEC).

  • ITC keeps duties on imports from China Jul 23, 2014

    The U.S. International Trade Commission (ITC) has voted to maintain anti-dumping duties on malleable iron pipe fittings and steel threaded rod from China following separate five-year sunset reviews.

  • Rebar co-op members land cash rebate Jul 23, 2014

    The Independent Steel Alliance, a rebar buying cooperative, performed better than expected during its first full year of operations, delivering a cash rebate to member fabricators where it initially expected none.

  • Acerinox sees N. America demand rise Jul 22, 2014

    Stainless steel demand in North America increased 6 percent year on year in the second quarter, according to North American Stainless Inc. (NAS) parent company Acerinox SA.

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