Steel

  • Steel backs energy tax credit extension Dec 17, 2009

    The American Iron and Steel Institute, the United Steelworkers union and the Alliance for American Manufacturing are all backing an extension and expansion of the Advanced Energy Manufacturing Tax Credit that was included in the American Recovery and Reinvestment Act (ARRA).

  • SDI’s Busse named bank chairman Dec 17, 2009

    Keith Busse has been appointed chairman of Tower Financial Corp., a Fort Wayne, Ind., bank, effective Jan. 1.

  • ATI earnings view brightens, shares up Dec 17, 2009

    Allegheny Technologies Inc. (ATI) has boosted its earnings expectations for the fourth quarter and full year as a result of a recent business uptick.

  • Labrador Iron buys build ore holdings in Quebec Dec 17, 2009

    Labrador Iron Mines Holdings Ltd. (LIM) has acquired an additional 50 million tons of direct shipping iron ore (DSO) in Quebec through a series of five recent transactions.

  • Walter Energy starts output at expanded met coal mine in Ala. Dec 17, 2009

    Walter Energy Inc. has started production at its expanded Brookwood, Ala., longwall metallurgical coal mine.

  • Correction: Furnace maker assets to be sold Dec 17, 2009

    Due to a reporting error, new furnace company F&D Furnaces LLC was incorrectly identified in the Dec. 17 edition. The company was recently formed from the assets of Flinn & Dreffein Engineering Co. in a venture between Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC.

  • MCoal gets Alabama nod on mine plan Dec 17, 2009

    The Alabama Surface Mining Commission has approved a mine plan that clears the way for MCoal Corp., a subsidiary of Novadx Ventures Corp., to begin surface coal mining operations at its Rosa Coal Mine in the state.

  • Dimension Fabricators set to expand NY rebar operations Dec 16, 2009

    Dimension Fabricators Inc. is expanding operations in an effort to grow its reinforcing steel products business.

  • Analysts seeing stronger end to ’09 for steel Dec 16, 2009

    Declining service center inventories and higher shipments in November may help 2009 close out on a more positive note for steel mills and distributors, according to industry analysts.

  • Cargill to take over Robinson Steel unit Dec 16, 2009

    Cargill Inc. has reached an agreement with Robinson Steel Co. Inc. to increase its investment in RPS Sheet and Plate by purchasing Robinson Steel’s cold-reduction lines in East Chicago, Ind., and Granite City, Ill., the company said late Wednesday.

  • Cargill to take over Robinson Steel unit Dec 16, 2009

    Cargill Inc. has reached an agreement with Robinson Steel Co. Inc. to increase its investment in RPS Sheet and Plate by purchasing Robinson Steel’s cold-reduction lines in East Chicago, Ind., and Granite City, Ill., the company said late Wednesday.

  • Dimension Fabricators expanding NY operations Dec 16, 2009

    Dimension Fabricators Inc. is expanding operations in an effort to grow its reinforcing steel products business.

  • Nucor Fastener challenges ITC ruling that industry not injured Dec 16, 2009

    Nucor Fastener has filed an appeal with the U.S. Court of International Trade, claiming the U.S. International Trade Commission (ITC) erred in ruling that the domestic fastener industry is not being injured by dumped and subsidized imports from China and Taiwan.

  • AISI, Nucor’s DiMicco calling for jobs, infrastructure investment Dec 16, 2009

    The steel industry continues to stress the need for job creation and investment in infrastructure in order to revitalize the economy.

  • West Coast steel mills set flat-rolled price hikes for Feb. Dec 16, 2009

    A new round of price increases on flat-rolled carbon steel has been launched on the West Coast, but the region’s two mills are skipping January and going straight to February amid buyer expectations of higher tags at least through the first quarter.

  • Furnace maker assets to be sold Dec 16, 2009

    Italy’s Olivotto Ferre SpA and Pennsylvania’s FCE LLC have joined forces to purchase the assets of Flinn & Dreffein Engineering Co. with the intent of creating a technological partnership to advise customers in the area of heat-processing projects.

  • Primary metal capacity use rises Dec 16, 2009

    Capacity utilization by primary metal manufacturers increased to 59.1 percent in November from 55.5 percent the previous month and a low of 44.8 percent in May but remained marginally below 60.8 percent in November last year, according to the Federal Reserve Board.

  • Rising scrap costs push hot band prices higher Dec 16, 2009

    Rising input costs, principally for scrap, are pushing hot-rolled band and other steel prices higher.

  • West Coast steel mills setting flat-rolled price hikes for February Dec 16, 2009

    A new round of price increases on flat-rolled carbon steel has been launched on the West Coast, but the region’s two mills are skipping January and going straight to February amid buyer expectations of higher tags at least through the first quarter.

  • Fitch forecasting slow growth for steel, auto sectors in 2010 Dec 16, 2009

    Demand for steel should recover at a modest pace during the next 12 to 18 months, although it won’t reach peak levels in the medium term, Fitch Ratings said in its Worldwide Steel Outlook.

  • Special Metals hires exec as another is promoted Dec 16, 2009

    Special Metals Corp. has added one vice president and promoted another as it moves to strengthen its leadership team.

  • Nucor sees 4th-qtr. earnings up slightly Dec 16, 2009

    The absence of high-priced pig iron inventories will help Nucor Corp. stop a string of quarterly losses in the fourth quarter, the company said in earnings guidance issued Wednesday.

  • Nucor Fastener challenges ITC ruling that US industry not injured by imports Dec 16, 2009

    Nucor Fastener has filed an appeal with the U.S. Court of International Trade, claiming the U.S. International Trade Commission (ITC) erred in ruling that the domestic fastener industry is not being injured by dumped and subsidized imports from China and Taiwan.

  • AISI, Nucor's DiMicco call for jobs, infrastructure investment Dec 16, 2009

    The steel industry continues to stress the need for job creation and investment in infrastructure in order to revitalize the economy.

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