Steel RSS

  • Line pipe trade case could be near: NW Pipe Aug 05, 2014

    The prospects of a line pipe import trade case have been bolstered by a recent victory for domestic producers of oil country tubular goods (OCTG), Northwest Pipe Co.’s top executive said.

  • Ivaco increases wire rod $40/T Aug 05, 2014

    Canada’s Ivaco Rolling Mills LP has raised base prices for cold-heading-quality wire rod products by $40 per net ton for shipments effective Sept. 1.

  • Cliffs concedes defeat to Casablanca Aug 05, 2014

    Cliffs Natural Resources Inc. has admitted defeat in the months-long proxy battle for control of its board, with longtime chairman James F. Kirsch ousted in a vote at the company’s annual shareholders’ meeting.

  • Steel prices, imports dent NW Pipe’s net Aug 05, 2014

    Northwest Pipe Co.’s earnings tumbled in the second quarter due in part to increased competition for projects, rising flat-rolled steel prices and high volumes of line pipe import.

  • JSW Steel’s US operations log $4.02M profit Aug 05, 2014

    JSW Steel Ltd.’s U.S. plate and pipe operations recorded earnings before interest, taxes, depreciation and amortization of $4.02 million in its fiscal fist quarter ended June 30 despite continued low capacity utilization levels.

  • US raw steel production declines 1 percent Aug 05, 2014

    U.S. raw steel output totaled an estimated 1,901,000 net tons last week, down 1 percent from 1,920,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.0 percent.

  • L.B. Foster’s net income dips in qtr. Aug 05, 2014

    L.B. Foster Co.’s net income dipped 5.9 percent in the second quarter due in part to an unexpected one-time charge of $4.6 million.

  • Ferrous scrap prices hold sideways in Detroit Aug 04, 2014

    Ferrous scrap trading for August has kicked off in the Detroit region with two steel producers entering the market and a third reportedly poised to follow.

  • Two workers injured in incident at CMC mill Aug 04, 2014

    Two workers suffered severe burns from molten material in an incident at Commercial Metals Co.’s (CMC’s) Seguin, Texas, steel mill Aug. 3, according to the company and the local fire department.

  • ATI revises Aug. price hike; market puzzled Aug 04, 2014

    Allegheny Technologies Inc.’s (ATI’s) Flat Rolled Products segment has revised a previously announced stainless steel base price increase for August, a move that some sources said will have little impact in the market.

  • Gerdau’s SBQ deliveries said delayed Aug 04, 2014

    Gerdau SA’s North American special steel division started up a twin tank vacuum degassing system at its special bar quality (SBQ) steel mill in Monroe, Mich., in May, a move keyed to increase quality but one that is impacting customer deliveries, market sources told AMM.

  • USS mulls DRI, DR pellet production Aug 04, 2014

    U.S. Steel Corp. is considering building a direct-reduced iron (DRI) plant or selling direct-reduced (DR) grade pellets from its Minntac iron ore operations in Minnesota, according to a regulatory filing.

  • Big River Steel breaks ground for Ark. mill Aug 04, 2014

    Big River Steel LLC has broken ground on its planned $1.3-billion steel mill near Osceola, Ark.

  • Handy & Harman tube unit dents 2d-qtr. results Aug 04, 2014

    Handy & Harman Ltd.’s second-quarter net income fell 6.7 percent from the same period last year, partly due to declining sales of higher-value tubing products, but nevertheless wiped away red ink spilled in the first three months of the year.

  • SMDI taps Hall to succeed Krupitzer Aug 04, 2014

    Jody N. Hall has been tapped to succeed Ronald P. Krupitzer as the Steel Market Development Institute’s (SMDI’s) vice president of the automotive market following Krupitzer’s retirement at year-end.

  • Esmark said potential buyer for former USS mill Aug 04, 2014

    Esmark Steel Group LLC is among the companies the Serbian government is considering as a buyer for Železara Smederevo d.o.o.

  • Lockout of PTC Alliance workers ends Aug 04, 2014

    Unionized workers who were locked out at PTC Alliance Corp.’s Alliance, Ohio, tubular facility returned to work Aug. 3 after both parties agreed to a new labor accord.

  • USS director leaves to head VA Aug 04, 2014

    Robert A. McDonald has resigned from U.S. Steel Corp.’s board of director to become secretary of the U.S. Department of Veterans Affairs (VA), according to a filing with the U.S. Securities and Exchange Commission.

  • Commerce delays decision on steel nail imports Aug 04, 2014

    The U.S. Commerce Department’s International Trade Administration has postponed to Oct. 27 its preliminary determinations in a countervailing duty investigation against imports of steel nails from five countries.

  • Planned Alamo Tube mill seen filling specific need Aug 04, 2014

    The prospects should be bright for a recently announced tubing-specific oil country tubular goods (OCTG) mill near San Antonio, as the mill’s output addresses a very particular need.

  • USS confirms Canada restructuring mulled Aug 04, 2014

    U.S. Steel Corp. has confirmed that it is considering a restructuring of its loss-making operations in Canada, according to a filing with securities regulators.

  • Dofasco plans $50.4M galvanizing line upgrade Aug 04, 2014

    ArcelorMittal Dofasco Inc. plans to invest Canadian $55 million ($50.4 million) to upgrade its No. 4 galvanizing line to produce galvanized and Galvalume products.

  • US drilling rises, Canada falls Aug 04, 2014

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

  • Steel sheet, plate prices hold steady Aug 04, 2014

    Steel sheet and plate prices held steady this past week in a sign that the steel industry might be dodging the usual summer doldrums this year, market sources said.

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