Steel RSS

  • ITA could reverse OCTG dumping ruling: Cowen Jul 08, 2014

    Some steel market analysts see the possibility of a reversal in an anti-dumping investigation of OCTG from South Korea and eight other countries, with a favorable outcome for the domestic industry particularly positive for U.S. Steel Corp.’s outlook.

  • US finds dumping, subsidies on Indian rod Jul 08, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has levied anti-dumping and countervailing subsidy duties on steel threaded rod from India.

  • Sheet piles on way to iron ore project Jul 08, 2014

    ArcelorMittal SA is shipping steel sheet piles to the Canadian Arctic where they will be used to build a dock to serve the steelmaker’s joint venture Mary River iron ore project on Baffin Island.

  • US raw steel production slips 0.5 percent Jul 08, 2014

    U.S. raw steel output totaled an estimated 1,853,000 net tons last week, down 0.5 percent from 1,863,000 tons the previous week, as mills operated at an average capacity utilization rate of 77 percent.

  • ASW expects quick restart after fire Jul 08, 2014

    A fire at ASW Steel Inc.’s Welland, Ontario, plant July 7 has caused minimal disruptions, with production expected to restart the night of July 8, the company told AMM.

  • Universal promotes Zimmer to chief commercial officer Jul 08, 2014

    Universal Stainless & Alloy Products Inc. has promoted Christopher M. Zimmer to executive vice president and chief commercial officer.

  • Steelton furnace mishap impacts scrap buys Jul 07, 2014

    A furnace breakout at ArcelorMittal USA LLC’s mill in Steelton, Pa., has impacted the facility’s ferrous scrap buys for July and forced the mill to move up a maintenance shutdown previously scheduled for August, AMM has learned.

  • Metals sector could see M&A ramp up: KeyBanc Jul 07, 2014

    The next year could see increased merger-and-acquisition activity in the metals sector as markets improve, according to one analyst.

  • Evraz said mulling sale of NA operations Jul 07, 2014

    Evraz Group SA may be putting its North American business on the block in a bid to strengthen its balance sheet, according to one analyst.

  • Rod, rebar buyers brace for higher prices Jul 07, 2014

    Wire rod and rebar consumers are looking beyond August to September and October when cheap imported material on U.S. shop floors runs low, potentially building momentum for domestic price increases.

  • MANA, union workers still at odds on labor agreement Jul 07, 2014

    Talks between local union representatives and management at Max Aicher North America Ltd.’s (MANA) bar mill in Hamilton, Ontario, remain stalled more than a year after unionized workers at the inactive mill rejected a labor contract offer.

  • ATI pushing back stainless steel price increase to Aug. Jul 07, 2014

    Allegheny Technologies Inc.’s (ATI’s) Flat Rolled Products segment has pushed back a stainless steel base price increase for the second time in three months, with its previously announced July hike now scheduled to take effect Aug. 4.

  • SBQ prices trending upward, further hikes possible Jul 07, 2014

    Special bar quality (SBQ) prices have picked up following recent base price hikes by domestic mills, with more base price increases likely to follow if scrap weakens this month.

  • Warren Steel aims for Aug. 1 restart Jul 07, 2014

    Warren Steel Holdings LLC’s wants to restart steelmaking by Aug. 1, a target date the company would need to start preparing to hit by mid-July, a company executive said.

  • Letter to the Editor: US dumping merry-go-round taking another spin Jul 07, 2014

    The most recent full-court press by domestic steel industry spokesmen against steel imports suggests two thoughts. First, the more things change, the more they stay the same. Second, who is speaking for steel consumers?

  • PSL North America's Vaill quits Jul 07, 2014

    PSL North America LLC chief executive officer Brian Vaill has left the bankrupt large-diameter pipe producer to take a position with a non-competing company.

  • SunCoke production falls 4.6 percent Jul 07, 2014

    SunCoke Energy Partners LP estimates that coke production at its Haverhill and Middletown, Ohio, facilities totaled 434,000 tonnes in the second quarter, down 4.6 percent from 455,000 tonnes a year earlier.

  • Steel urges action on currency manipulation Jul 03, 2014

    The American Iron and Steel Institute (AISI), the Steel Manufacturers Association (SMA) and 11 other trade groups have urged strong and enforceable provisions prohibiting currency manipulation in all future U.S. free-trade deals.

  • In about-face, US steel imports set to fall Jul 03, 2014

    U.S. steel imports are on course to fall in June after two months of gains, driven by significant declines in inflows of blooms, billets and slabs, line pipe and heavy structural shapes.

  • US hot-rolled coil prices inch higher Jul 03, 2014

    U.S. hot-rolled coil prices edged up amid anticipation that a big trade case could break in favor of domestic mills, but some questioned whether the market had a false sense of security.

  • Flooding disrupts SSAB rail shipments Jul 03, 2014

    Flooding in the Quad Cities area has stopped rail shipments in and out of the SSAB Americas’ plate mill in Montpelier, Iowa.

  • USS, union discuss Canada ‘operational issues’ Jul 03, 2014

    U.S. Steel Corp. has held meetings with United Steelworkers union locals representing its facilities in Canada about "operational issues," the union said.

  • Casablanca scoffs at Cliffs’ latest offer Jul 02, 2014

    Cliffs Natural Resources Inc. has offered further concessions to Casablanca Capital LP in an effort to end a proxy contest that has been "costly and distracting," the company said July 2, but the activist hedge fund immediately dismissed the move.

  • Market downplays China wire rod ruling Jul 02, 2014

    The U.S. Commerce Department’s preliminary decision to levy countervailing duties on imports of Chinese wire rod could eventually stiffen competition between domestic and foreign mills but will have little short-term market impact, according to traders and market participants.

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