Steel

  • President Bush signs energy bill Dec 19, 2007

    President Bush signed an energy bill into law Wednesday that will require that all cars and light trucks achieve at least 35 miles per gallon of gasoline by 2020. The bill also requires an increase in the use of ethanol in motor vehicles and upgrades to government buildings to make them more environmentally friendly.

  • New investor may put Sparrows Point sale back in flight Dec 19, 2007

    Hot on the heels of being grounded, the sale of ArcelorMittal USA Inc.’s Sparrows Point, Md., plant might again be ready to fly with a new investor said hanging in the wings.

  • GM hikes vehicle prices to cover rising material costs Dec 19, 2007

    General Motors Corp., Detroit, plans to increase prices on most 2008 model-year vehicles in an attempt to partially recover higher steel and commodity costs.

  • Met coal prices show upward tilt as consolidation picks up speed Dec 18, 2007

    The metallurgical coal industry is apparently the place to be, with prices seemingly poised to head higher and mining companies expanding and acquiring interests in the sector.

  • Merger sprint in steel likely to slow to a jog in ’08 execs Dec 18, 2007

    Steel industry consolidation is expected to continue in 2008, although the pace could slow as the number of attractive assets falls and countries such as China continue to protect their domestic industries, top steel executives told AMM.

  • Brazilian authorities bar Usipar from making pig iron Dec 18, 2007

    New Brazilian pig iron producer Usinagem e Parafusos Ltda. (Usipar) has been ordered to halt production by authorities in Para state after evidence reportedly was discovered that the company was violating Brazilian environmental laws.

  • EPA rule restricts EFs to approved scrap sources Dec 18, 2007

    The U.S. Environmental Protection Agency (EPA) will require all electric furnace (EF) steelmakers to buy shredded ferrous scrap from junk vehicles exclusively from scrap processors that participate in the National Vehicle Mercury Switch Recovery Program under a new rule released Monday.

  • Merger sprint in steel likely to slow to a jog in ’08 execs Dec 18, 2007

    Steel industry consolidation is expected to continue in 2008, although the pace could slow as the number of attractive assets falls and countries such as China continue to protect their domestic industries, top steel executives told AMM.

  • Vale bows out of Sparrows Point acquisition Dec 18, 2007

    Brazil’s Vale said it will no longer purchase a minority stake in ArcelorMittal USA Inc.’s Sparrows Point, Md., mill.

  • Centers’ steel deliveries, stocks fall in Nov. MSCI Dec 18, 2007

    North American steel producers seeking price increases on sheet, plate and bar products after the New Year continued to get good news from service centers, which are reporting continuing declines in inventory levels, according to the latest data from the Metals Service Center Institute (MSCI), Rolling Meadows, Ill.

  • Centers’ steel shipments, stocks fall in November MSCI Dec 18, 2007

    North American steel producers seeking price increases on sheet, plate and bar products after the New Year continued to get good news from service centers, which are reporting continuing declines in inventory levels, according to the latest data from the Metals Service Center Institute (MSCI), Rolling Meadows, Ill.

  • Evraz commences cash tender offer for Claymont Dec 18, 2007

    Evraz Group SA, Luxembourg, is commencing its cash tender offer to acquire all outstanding shares of Claymont Steel Holdings Inc.’s common stock, the two companies said.

  • Rising scrap costs spur $25/T bar product hike for January Dec 17, 2007

    Rapidly rising scrap costs are driving U.S. producers of reinforcing and merchant bar products to seek price hikes of $25 a ton effective with Jan. 1 shipments.

  • E2 finance woes kill deal for ArcelorMittal facility Dec 17, 2007

    The inability of E2 Acquisition Corp. to settle financing issues has scuttled its deal to buy ArcelorMittal SA’s Sparrows Point, Md., mill. The failure sets the stage for new bidders to vie for the mill and throws into question what Wheeling-Pittsburgh Steel Corp. will do to secure slab supplies.

  • Rising costs drive steel plate makers to raise prices $30/T Dec 17, 2007

    Battling rising input and energy costs, U.S. producers of carbon steel plate plan to increase prices by $30 per ton effective with February shipments.

  • UAW ratifies contract with ITE, ending strike Dec 17, 2007

    United Auto Worker members at 11 union locals in Georgia, Indiana, Illinois, Ohio, Pennsylvania and Texas have ratified a new three-year labor agreement with International Truck & Engine Corp.

  • Scrap costs spur $25/T bar product hike for February Dec 17, 2007

    Rapidly rising scrap costs are driving U.S. producers of reinforcing and merchant bar products to seek price hikes of $25 a ton, effective with Jan. 1 shipments.

  • Rising costs drive steel plate makers to raise prices $30/T Dec 17, 2007

    Battling rising input and energy costs, U.S. producers of carbon steel plate plan to increase prices by $30 per ton effective with February shipments.

  • US steel mill shipments register gain in October AISI Dec 17, 2007

    U.S. steel mill shipments rebounded to 8.5 million net tons in October, an increase of 8.8 percent from September and 5.9 percent higher than October 2006 levels, according to the American Iron and Steel Institute, Washington.

  • U.S. Steel taps McCall for D.C. post Dec 17, 2007

    U.S. Steel Corp., Pittsburgh, has hired Katie R. McCall as manager of federal government affairs in its Washington office.

  • Baoshan boosting heavy plate capacity 29% Dec 17, 2007

    Baoshan Iron & Steel Co. Ltd. is expected to expand capacity of its wide heavy plate mill in Shanghai next year by 400,000 tonnes, or 29 percent, to 1.8 million tonnes annually to meet growing demand from the region's shipbuilding industry.

  • Failed ArcelorMittal deal unlikely to impact next Dec 17, 2007

    ArcelorMittal SA’s unsuccessful attempt to gain a stake in Laiwu Steel Group shouldn’t put a damper on the Luxembourg-based company’s proposed acquisition of China Oriental Group Co. Ltd.

  • U.S. Steel taps McCall for government affairs post Dec 17, 2007

    U.S. Steel Corp. has hired Katie R. McCall to serve as manager of federal government affairs in its Washington office.

  • Western Canadian Coal mulling sale, alliances as part of review Dec 17, 2007

    Western Canadian Coal Corp., Vancouver, British Columbia, said it is beginning a strategic review to consider opportunities that include a possible sale of the company.

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