Steel

  • Essar Steel Algoma secures $25M loan Dec 07, 2013

    Essar Steel Algoma Inc. has agreed to a $25 million secured loan with an institutional investor.

  • W. Coast flat-rolled prices look set to rise Dec 06, 2013

    Flat-rolled steel prices on the West Coast appear poised to rise, but the size of any increase could still hinge on the success of imports achieving pricing gains.

  • Steel mills push for higher sheet prices Dec 06, 2013

    U.S. mills are said to be pushing for higher pricing, effectively taking lower-priced deals off the table as buyers anticipate a near-term sheet increase.

  • Rebar price hikes gradually taking hold Dec 06, 2013

    Rebar price increases have gradually filtered into the marketplace, with demand in most regions strong enough to support higher mill prices.

  • AMM tool steel prices notice Dec 06, 2013

    AMM plans to suspend its tool steel prices on December 19, 2013. If you have any comments on the proposed price suspension, please e-mail editor@amm.com.

  • Wire rod prices flat, market awaits scrap settle Dec 06, 2013

    Wire rod prices were largely unchanged following a round of increases last month, with most buyers continuing to pay about $20 more than a month ago, as margins for buyers and suppliers remain compressed.

  • ArcelorMittal relined C6 furnace back online Dec 06, 2013

    Scheduled maintenance on the C6 blast furnace at ArcelorMittal USA LLC’s Cleveland plant is complete, and the newly relined iron maker is back in operation, a company spokeswoman confirmed.

  • Another merchant bar price hike seen possible Dec 06, 2013

    Another merchant bar price increase before year-end isn’t impossible due to further anticipated gains in scrap prices, sources said.

  • Chinese steel market has yet to respond to pollution Dec 06, 2013

    Chinese steelmakers have yet to cut production to reduce emissions amid the recent severe smog spreading across the country’s eastern regions.

  • Sail commissions rebuilt coke oven battery Dec 06, 2013

    Steel Authority of India Ltd. (Sail) has commissioned a newly rebuilt coke oven battery at its Durgapur Steel Plant (DSP).

  • Essar said facing raw materials shortage Dec 05, 2013

    Essar Steel Algoma Inc. is said to be facing a raw materials shortage for the first quarter, causing the steelmaker to produce and sell less material in the first three months of 2014, sources told AMM.

  • Essar Steel Algoma taps Wagner sales chief Dec 05, 2013

    Industry veteran Michael Wagner has joined Essar Steel Algoma Inc. as its chief sales and marketing officer, a company spokeswoman confirmed.

  • PCS awarded $41.6M in lawsuit Dec 05, 2013

    Pacific Coast Steel Inc. (PCS) has won a $41.6-million lawsuit against Century Steel Inc. after the latter overestimated the value of assets it sold to PCS in 2008.

  • Canal expansion may spur US trade: study Dec 05, 2013

    The expansion of the Panama Canal, when completed in 2015, will not only allow shippers to deploy larger vessels but could translate into increased U.S. imports and exports of finished steel and steel scrap and smoother movement of iron ore to Asia.

  • Rebar mills seek retroactive duties vs. Turkey Dec 05, 2013

    U.S. rebar mills filed allegations of critical circumstances Dec. 4 regarding imports of Turkish rebar, claiming that a recent surge in rebar imports from the country is an attempt to avoid potential U.S. duties and should result in retroactive duties against the product.

  • ArcelorMittal case pretrial set for March Dec 05, 2013

    A March trial date has been set concerning environmental charges filed against ArcelorMittal Dofasco Inc. by Ontario’s Ministry of Environment.

  • Correction: Calvert deal meant to stabilize market: Mittal Dec 05, 2013

    Due to a reporting error, an article posted to AMM's website Dec. 3 incorrectly identified the status of production at an ArcelorMittal SA furnace in Tubarão, Brazil. ArcelorMittal is planning to restart the blast furnace at Tubarão in June next year.

  • HSS price increase gains foothold on W. Coast Dec 04, 2013

    Price increases on structural steel tubing have gained a foothold on the West Coast, with buyers wondering if the hikes will extend to larger orders.

  • Steel imports poised to decline 17% in Nov. Dec 04, 2013

    U.S. steel imports look poised to fall in November, with semifinished material, oil country tubular goods (OCTG) and coated sheet all recording declines.

  • Canada delays steel plate trade case decision Dec 04, 2013

    The Canada Border Services Agency (CBSA) has delayed its preliminary anti-dumping duty ruling on imports of steel plate from seven nations.

  • Turkish, Mexican rebar imports down in Nov. Dec 04, 2013

    U.S. rebar imports from Turkey and Mexico dipped in November compared with the previous month, according to license data collected by the Steel Import Monitoring and Analysis (SIMA) System.

  • Aluminum deox prices recover slightly Dec 04, 2013

    Prices for deoxidized aluminum recovered slightly at the end of November as steel mills raised quotes in line with a slight uptick in production.

  • Bekaert selling downstream filtration operations Dec 04, 2013

    NV Bekaert SA is divesting its downstream filtration operations in an $8-million deal with filtration products maker Clarcor Inc.

  • AK welcomes ITC's ruling on electrical steel imports Dec 03, 2013

    AK Steel Corp. praised the International Trade Commission’s (ITC’s) ruling that imports of non-oriented electrical steel (NOES) from six countries have harmed the domestic steel industry.

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