Steel RSS

  • ArcelorMittal ups bid for Baffinland Dec 20, 2010

    ArcelorMittal SA has upped a previous offer to take control of Baffinland Iron Mines Corp. after a bidding war erupted with another suitor who plans to appeal to Canadian regulators.

  • ArcelorMittal ups bid for Baffinland Dec 20, 2010

    ArcelorMittal SA has upped a previous offer to take control of Baffinland Iron Mines Corp. after a bidding war erupted with another suitor who plans to appeal to Canadian regulators.

  • Gastar completes $29.1M Marcellus buy Dec 20, 2010

    Gastar Exploration Ltd., Houston, has completed the acquisition of the Marcellus Shale property for $29.1 million.

  • Gastar completes $29.1M Marcellus buy Dec 20, 2010

    Gastar Exploration Ltd., Houston, has completed the acquisition of the Marcellus Shale property for $29.1 million.

  • ArcelorMittal moves to brake sheet hikes Dec 20, 2010

    ArcelorMittal USA is moving to slow the rapid run-up in sheet steel pricing by guaranteeing customers it will hold the line on pricing through the end of March.

  • West Coast tubing mills start second round of price hikes Dec 20, 2010

    A second round of price hikes on structural steel tubing has been initiated on the West Coast as producers still work to fully implement an initial round of increases.

  • Weather delays Consolidated iron ore shipment Dec 20, 2010

    Consolidated Thompson Iron Mines Ltd. is blaming unfavorable weather conditions for a two-week delay in exports of some of its iron ore concentrates, but said output at the Bloom Lake Mine in Labrador Trough-Fermont, Québec, won’t be affected.

  • W. Coast tubing mills kick off second round of price hikes Dec 20, 2010

    A second round of price hikes on structural steel tubing has been initiated on the West Coast as producers still work to fully implement an initial round of increases.

  • AK Steel hikes sheet items $30/T Dec 20, 2010

    AK Steel Corp., West Chester, Ohio, said Monday it will attempt to increase current spot market base prices on carbon steel sheet products by $30 per ton, effective immediately with new orders.

  • Essar Steel Algoma disputes arbitrator’s ore ruling Dec 20, 2010

    Essar Steel Algoma Inc. has lost a key round in its iron ore supply battle with Cliffs Natural Resources Inc., but Cliffs’ victory isn’t yet complete.

  • China logs gain in daily crude steel production Dec 20, 2010

    China’s crude steel output picked up again in early December, rising to 1.67 million tonnes per day for the first 10 days of the month, according to China Iron and Steel Association (Cisa) estimates.

  • US, China boost global crude steel production in November Dec 20, 2010

    Significant production gains in the United States and in China helped push total global steel production up in November and year to date vs. the same respective year-ago periods, according to the latest statistics from the World Steel Association (WorldSteel).

  • Hearing set for Severstal, USW Dec 20, 2010

    A West Virginia circuit court judge has set a Dec. 22 hearing date for a case brought against Severstal North America, Dearborn, Mich., by the United Steelworkers union. The USW is seeking to prevent the company from removing idled equipment from a unionized plant to a non-union shop. Ohio County, W.Va., Circuit Court Judge John Mazzone said he will hear the union’s motion for an injunction to prevent Severstal NA from moving roll forms from Wheeling Corrugating Co. in Beech Bottom, W.Va. Severstal wants to move the equipment to a non-union operation in Emporia, Va. The union filed a motion for an injunction to block the move Dec. 14, a day after union members at Wheeling Corrugating prevented entry to the plant to remove the equipment.

  • Port of Houston’s steel cargoes surge in November Dec 20, 2010

    Steel cargoes delivered through the Port of Houston last month built upon the improving volumes of the prior three months, Alec G. Dreyer, the Port of Houston Authority’s chief executive officer, told commissioners during their monthly meeting last week. The port handled 219,000 tons of steel in November, a 128-percent increase from the same month last year, according to Dreyer, who didn’t provide the year-ago figure. “The last nine months of 2010 have been a game of catch-up for us, given the record levels of steel that moved through port facilities in the first three months of 2009,” he said. “The port needs just 180,000 tons of steel in December to close the gap entirely and to have 2010 end up with an annual steel number above 2009,” he told commissioners. “The good news is that our mid-month projections show steel coming in around 190,000 tons for December.”

  • ArcelorMittal’s Aperam to rationalize in EU, expand in S. America Dec 20, 2010

    The Aperam stainless steel operations of ArcelorMittal SA will rationalize production in Europe and expand in Brazil and South America. “Aperam is aware of the (overcapacity) problems in Europe and it is trying to rationalize its facilities,” according to Jonathan Schroer, equity analyst at UniCredit Markets. “We are focusing on competitiveness in Europe, and our investments will be oriented on productivity and modernization of our equipment,” an ArcelorMittal spokeswoman told AMM sister publication Metal Bulletin. Aperam will focus on making its European operation profitable and then will invest in growth in Brazil and Latin America, analysts said. The company intends to develop a distribution network in South America as efficient as the European one, the spokeswoman said.

  • ThyssenKrupp CSA’s second Brazil furnace running Dec 20, 2010

    The second blast furnace at ThyssenKrupp Cia. Siderurgica do Atlantico SA’s (CSA’s) plant in Rio de Janeiro began operations last Thursday, five months after the plant’s first blast furnace was blown in. Blast furnace No. 1 is now producing more than 6,500 tonnes per day, close to its full designed capacity, the company said. Earlier this month the company said it was in the process of firing up the second furnace (AMM, Dec. 13). “I expect the ramp-up of our second blast furnace to be just as successful (as the first), and that next fiscal year the plant will be able to operate at its full capacity,” ThyssenKrupp executive board member Edwin Eichler said. The company began casting slabs from the second blast furnace on Saturday.

  • Global steel growth seen ‘steady’ in 2011 Dec 20, 2010

    Global steel industry growth will be “stable” in 2011, Fitch Ratings Services said, calling for a “slow and steady” recovery pace for the next 12 to 18 months.

  • LME steel billet future prices rise, but below physical market Dec 20, 2010

    Steel billet prices rose 1.9 percent last week on the London Metal Exchange, but continued to trade at a discount to the physical market, sources said.

  • ArcelorMittal moves to brake sheet hikes Dec 20, 2010

    ArcelorMittal USA is moving to slow the rapid run-up in sheet steel pricing by guaranteeing customers it will hold the line on pricing through the end of March.

  • Global steel growth to be 'slow, steady' in 2011 Fitch Dec 20, 2010

    Global steel industry growth will be “stable” in 2011, Fitch Ratings Services said, calling for a “slow and steady” recovery pace for the next 12 to 18 months.

  • AK Steel hikes sheet product prices $30/T Dec 20, 2010

    AK Steel Corp., West Chester, Ohio, said Monday it will attempt to increase current spot market base prices on carbon steel sheet products by $30 per ton, effective immediately with new orders.

  • Port of Houston’s steel cargoes surge in Nov. Dec 20, 2010

    Steel cargoes delivered through the Port of Houston last month built upon the improving volumes of the prior three months, Alec G. Dreyer, the port’s chief executive officer, told commissioners during their monthly meeting last week.

  • US, China boost global crude steel production in Nov. Dec 20, 2010

    Significant production gains in the United States and in China helped push total global steel production up in November and year to date vs. the same respective year-ago periods, according to the latest statistics from the World Steel Association.

  • Essar Steel Algoma disputes arbitrator ruling in iron ore battle with Cliffs Dec 20, 2010

    Essar Steel Algoma Inc. has lost a key round in its iron ore supply battle with Cliffs Natural Resources Inc., but Cliffs’ victory isn’t yet complete.

Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events