Steel

  • ExlTube implements $40/T hike Dec 22, 2010

    ExlTube will attempt to increase prices on all structural and mechanical tubing products by a minimum of $40 per net ton effective immediately with new orders.

  • Magnetation, Ahmsa enter iron ore offtake agreement Dec 22, 2010

    Magnetation Inc. has entered into a long-term offtake agreement with Altos Hornos de Mexico SA de CV (Ahmsa), with shipments set to begin in January 2012.

  • W. Coast flat-rolled mills close Feb. order books Dec 22, 2010

    West Coast flat-rolled orders appear to be gaining strength, with steel producers closing their order books for February after holding them open for barely two weeks.

  • JSW gets CVD rate cut for 2006 imports Dec 22, 2010

    India’s JSW Steel Ltd. has won a significant reduction in countervailing duty (CVD) rates on 2006 imports of hot-rolled carbon steel to the United States but will still pay a price for its sales.

  • Supermetal set to ink deal for purchase of SC facility Dec 22, 2010

    Supermetal Holdings USA, a newly created division of Supermetal Structures Inc., Saint-Romuald, Quebec, expects to soon close on its purchase of a former Worthington Industries Inc. distribution warehouse facility in Rock Hill, S.C., where it will install new steel fabricating equipment.

  • Steel fabricator approved for sports stadium project Dec 22, 2010

    A subsidiary of Canadian structural steel fabricator Canam Group Inc. has won a contract worth more than Canadian $44 million ($43.4 million) to help build and provide steel for a new sports stadium in Winnipeg, Manitoba.

  • USS sues contractors over plant blast Dec 22, 2010

    U.S. Steel Corp. is seeking payments in excess of $75,000 from a pair of contractors it claims are responsible for a January 2008 explosion at its Great Lakes Works in Michigan that left one worker dead and another injured.

  • Tax rate change may spur US manufacturing, SMA says Dec 22, 2010

    U.S. tax code changes could spur economic development by allowing domestic companies—such as steel producers—to invest more heavily in U.S. operations, according to industry leaders.

  • ExlTube hikes structural, mechanical tubing products $40/T Dec 22, 2010

    ExlTube will attempt to increase prices on all structural and mechanical tubing products by a minimum of $40 per net ton effective immediately with new orders.

  • Canadian fabricator forms China venture Dec 22, 2010

    Canadian steel fabricator Empire Industries Ltd. has partnered with a Chinese company to erect steel structures in China.

  • NY developer buys former Bethlehem Steel plant site Dec 22, 2010

    An upstate New York developer has purchased a former Bethlehem Steel Corp. site and plans to turn the land into an industrial park.

  • HSS chasing hot coil, prices raised $40/ton Dec 21, 2010

    North American manufacturers of hollow structural sections (HSS) are trying to play catch-up with rapidly rising hot-rolled coil prices by implementing price hikes of their own.

  • Cliffs obtains approvals for ore expansion in Australia Dec 21, 2010

    Cliffs Natural Resources Inc. has received regulatory approval to launch a nearly 30-percent expansion of iron ore properties in Australia.

  • US drilling down as Canada up Dec 21, 2010

    The number of drill rigs running in the United States declined by 14 last week, led by Wyoming (down six). Canadian drilling activity, meanwhile, increased by 18 rigs compared with the previous week.

  • Turret Steel acquires Wilcox; deal seen revitalizing cold drawer firm Dec 21, 2010

    Turret Steel Industries Inc.’s purchase this week of cold drawer and bar processor Wilcox Steel may give the acquired company new life for the second time in five years, Turret’s top executive told AMM on Tuesday.

  • US helps drive China exports of stainless up, hot coil sags Dec 21, 2010

    China’s exports and imports of steel products were mixed in November, with hot-rolled band slumping to a 2010 low while stainless jumped as mills shipped more material to the United States, Taiwan, Italy, Vietnam and India.

  • Raw steel production inches 0.8 percent higher Dec 21, 2010

    U.S. raw steel output totaled 1,697,000 net tons last week as mills operated at an average capability utilization rate of 70.2 percent, up 0.8 percent from 1,683,000 tons the previous week.

  • Turret Steel acquires Wilcox; deal seen revitalizing cold drawer firm Dec 21, 2010

    Turret Steel Industries Inc.’s purchase this week of cold drawer and bar processor Wilcox Steel may give the acquired company new life for the second time in five years, Turret’s top executive told AMM on Tuesday.

  • HSS producers chase hot-roll coil hikes, raise tags another $40/T Dec 21, 2010

    North American manufacturers of hollow structural sections (HSS) are trying to play catch-up with rapidly rising hot-rolled coil prices by implementing price hikes of their own.

  • Energy infrastructure poised to grow next year, Fitch says Dec 21, 2010

    Natural gas demand is expected to be flat next year compared with 2010, but production trends will drive energy infrastructure development, fed by advancements in horizontal drilling and hydraulic fracturing, Fitch Ratings Services said in an outlook report on natural gas.

  • CPTI lauds effort to enforce duties Dec 21, 2010

    Introducing the Enforce Act is the first step. Passing and then strongly enforcing the measure, which seeks to combat evasion on U.S. anti-dumping and countervailing duty laws, are the next steps and should be taken in short order, according to the Washington-based Committee on Pipe and Tube Imports (CPTI).

  • Effort to enforce duties lauded by CPTI Dec 21, 2010

    Introducing the Enforce Act is the first step. Passing and then strongly enforcing the measure, which seeks to combat evasion on U.S. anti-dumping and countervailing duty laws, are the next steps and should be taken in short order, according to the Washington-based Committee on Pipe and Tube Imports (CPTI).

  • Energy Infrastructure poised to grow next year, Fitch says Dec 21, 2010

    Natural gas demand is expected to be flat next year compared with 2010, but production trends will drive energy infrastructure development, fed by advancements in horizontal drilling and hydraulic fracturing, Fitch Ratings Services said in an outlook report on natural gas.

  • China OCTG maker books $91.8M Venezuelan order Dec 21, 2010

    Chinese steel pipe product manufacturer Wuxi Seamless Oil Pipes Co. Ltd. has received an order valued at $91.8 million to supply OCTG to the Venezuelan market.

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