Top Stories

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    Imports weigh on plate market, prices sink

    Sep 19, 2014

    Plate prices fell hard this past week as a push by domestic steelmakers to boost tags unravelled amid high import volumes and service center inventories. More »

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    Ecology’s auto parts unit said purchased by LKQ

    Sep 19, 2014

    LKQ Corp. has acquired the auto parts division of Ecology Auto Parts Inc., according to some market participants. More »

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    Aluminum contract talks heating up

    Sep 19, 2014

    Aluminum contract negotiations for 2015 have kicked off ahead of schedule, market participants told AMM, citing noticeable upticks in demand and growing concerns over long-term availability of the material. More »

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    Sheet prices slide as shipments slow

    Sep 19, 2014

    Spot sheet prices resumed their downward drift this past week as service center inventories rose while shipments slowed, market sources said. More »

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    US wire rod mills request steep duties

    Sep 19, 2014

    U.S. wire rod producers have asked the Commerce Department to levy high anti-subsidy duties on Chinese wire exporters in their final decision, citing the withdrawal of Chinese companies from the investigation as key factors. More »

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    Steel beam imports poised to rise in Sept.

    Sep 19, 2014

    U.S. steel beam imports are on course to rebound for September after falling in August, regaining a pace closer to the July peak. More »

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    Buyout offer for Schuff slated to expire

    Sep 20, 2014

    A buyout offer targeting steel fabricator Schuff International Inc., seeking to acquire shares from existing shareholders, was due to expire Sept. 19, although the ultimate outcome of the proposal remains unknown. More »

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    Cliffs plays down Ring-of-Fire reports

    Sep 19, 2014

    Cliffs Natural Resources Inc. has downplayed speculation that the company is actively preparing a sale of its chromite project in northern Ontario’s Ring of Fire. More »

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    US zinc premiums up as LME pricing steps back

    Sep 20, 2014

    Premiums for special-high-grade zinc edged up as North American demand began to shake off the summer lull and end-market demand began to boost zinc consumption, market participants said. More »

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    Sims to pay $189,500 to settle EPA claim

    Sep 19, 2014

    Sims Metal Management Ltd. has agreed to pay a civil penalty stemming from a previously resolved environmental issue at an off-site ship-loading conveyer area near its Redwood City, Calif., facility. More »

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    Ferrous scrap exports through July fall 20.6%

    Sep 19, 2014

    U.S. exports of ferrous scrap totaled just under 8.83 million tonnes in the first seven months of the year, down 20.6 percent from the same period last year. More »

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    EMR’s earnings stumble

    Sep 19, 2014

    European Metal Recycling Ltd.’s (EMR’s) earnings fell 11.7 percent in 2013 as the company continued to combat difficult sale and supply issues that have faced the industry. More »

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    NJ scrap metals theft bill advances

    Sep 19, 2014

    A proposed revision to a bill aimed at preventing the theft of scrap metals advanced in the New Jersey legislature this past week. More »

Latest News by Category

Steel

  • Buyout offer for Schuff slated to expire

    A buyout offer targeting steel fabricator Schuff International Inc., seeking to acquire shares from existing shareholders, was due to expire Sept. 19, although the ultimate outcome of the proposal remains unknown.

  • US wire rod mills request steep duties

    U.S. wire rod producers have asked the Commerce Department to levy high anti-subsidy duties on Chinese wire exporters in their final decision, citing the withdrawal of Chinese companies from the investigation as key factors.

  • Global stainless steel output rises in 2d qtr.

    Global stainless steel output continues to log gains, rising to 10.72 million tonnes in the second quarter, according to the International Stainless Steel Forum (ISSF).

  • USS, AK, ArcelorMittal ‘likely’ to jv with ATI

    U.S. Steel Corp., AK Steel Corp. and ArcelorMittal SA are among the steelmakers “likely to consider” a joint venture partnership at Allegheny Technologies Inc.’s (ATI) new hot-rolling and processing facility in Brackenridge, Pa., according to Cowen & Co. LLC.

  • Deal set to clean up Sparrows Point

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

Scrap

  • Ecology’s auto parts unit said purchased by LKQ

    LKQ Corp. has acquired the auto parts division of Ecology Auto Parts Inc., according to some market participants.

  • Ferrous scrap exports through July fall 20.6%

    U.S. exports of ferrous scrap totaled just under 8.83 million tonnes in the first seven months of the year, down 20.6 percent from the same period last year.

  • NJ scrap metals theft bill advances

    A proposed revision to a bill aimed at preventing the theft of scrap metals advanced in the New Jersey legislature this past week.

  • EMR’s earnings stumble

    European Metal Recycling Ltd.’s (EMR’s) earnings fell 11.7 percent in 2013 as the company continued to combat difficult sale and supply issues that have faced the industry.

  • Sims to pay $189,500 to settle EPA claim

    Sims Metal Management Ltd. has agreed to pay a civil penalty stemming from a previously resolved environmental issue at an off-site ship-loading conveyer area near its Redwood City, Calif., facility.

Nonferrous

  • US zinc premiums up as LME pricing steps back

    Premiums for special-high-grade zinc edged up as North American demand began to shake off the summer lull and end-market demand began to boost zinc consumption, market participants said.

  • USW seeks ‘fair’ contract for Sherwin workers

    Employees of Sherwin Alumina Co. LLC are trying to reach a "fair and equitable" labor agreement in contract negotiations with the company, according to the United Steelworkers union.

  • Ferrosilicon prices narrow as market diverges

    Ferrosilicon spot prices have begun to diverge, with some traders reportedly chasing sales in order to liquidate their positions while others are holding firm at around $1 per pound.

  • Aluminum contract talks heating up

    Aluminum contract negotiations for 2015 have kicked off ahead of schedule, market participants told AMM, citing noticeable upticks in demand and growing concerns over long-term availability of the material.

  • Silicomanganese, FeV spot supplies seen tightening

    Silicomanganese and ferrovanadium spot supplies are tightening, according to market participants. But while silicomanganese prices have ticked up, ferrovanadium remains flat.

Supply Chain

  • IWG unit's suit seeks to declare CN Wire bonds invalid

    Omega Wire Inc. is suing Turkish wire manufacturer CN Wire Corp. and the city of Anthony, N.M., seeking to have the issuance of industrial revenue bonds approved by the city to CN Wire declared invalid.

  • Buyout offer for Schuff slated to expire

    A buyout offer targeting steel fabricator Schuff International Inc., seeking to acquire shares from existing shareholders, was due to expire Sept. 19, although the ultimate outcome of the proposal remains unknown.

  • Deal set to clean up Sparrows Point

    Sparrows Point Terminal LLC, the new owners of the Sparrows Point peninsula, has entered into an environmental agreement with the Maryland Department of the Environment and the Environmental Protection Agency to revitalize the former steelmaking site.

  • Sheet prices slide as shipments slow

    Spot sheet prices resumed their downward drift this past week as service center inventories rose while shipments slowed, market sources said.

  • Auto forgings maker facing OSHA fines

    MCM Industries Co. is facing $126,700 in penalties for alleged safety violations at its Cleveland manufacturing plant.

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  • Optimism prevails in market outlook for the year ahead

    Stainless steel demand continues to show strong growth, much of which has come from real market demand rather than simple inventory restocking.

  • A reduced appetite

    Mills are cherry picking direct-reduced iron technologies from leading providers as they seek the best input mix to create the optimal product while keeping costs under control at a time when raw materials are a driving factor in corporate profitability.

  • Iron will

    Steelmakers and other companies that have moved—or are considering moving—into direct-reduced iron production are exploiting advantageous energy prices while also looking to keep raw material costs and accessibility under their own control.

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