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US drilling steady, Canada rises

The number of drill rigs running in the United States was unchanged last week.
Weak yen boosts SE Asia imports of Japanese steel

The weaker yen has led Southeast Asia to import more Japanese steel products, particularly higher-grade product not produced by the region, according to Chow Chong Long, chairman of the South East Asia Iron and Steel Institute.
Baosteel starts constructing zhanjiang steel works

Baosteel Group Corp. Ltd. has begun constructing its Zhanjiang steel works in southern China’s Guangdong province.
House committee advances bill to expedite Keystone XL

The House Transportation and Infrastructure Committee has approved legislation that would expedite the permitting of TransCanada Corp.’s proposed Keystone XL pipeline.
US must approach trade pacts with caution: execs

The U.S. steel industry could feel the effects of two major trade deals being negotiated by the government if certain provisions are not properly examined, according to participants at the American Iron and Steel Institute’s general meeting.

China Armco’s 1st-qtr. sales fall 70.9% on weak ore trade

China Armco Metals Inc.’s revenue took a hit in the first quarter as metal ore trading declined dramatically, although the company managed to narrow its net loss compared with the same year-ago period.
US scrap prices to India sink on slack demand

A near-standstill in demand for containerized ferrous scrap from India has sent U.S. containerized export prices to the country down significantly.
SoRec joins bid to revise PCB disposal permit

Southern Recycling LLC has joined several environmental groups in their efforts to revise a general permit that regulates the sinking of U.S. Navy vessels.
Arizona enacts two laws impaciting scrap metal recyclers

The governor of Arizona has signed into law two bills that will affect scrap metal recyclers.
Secondary aluminum alloy prices hold steady

Slowing demand and lower scrap prices could bring secondary aluminum alloy prices down in the coming weeks, according to market sources.

Davis to raise funds, invest in resources

Former Xstrata Plc chief executive officer Mick Davis has hired Goldman Sachs Group Inc. as part of a plan to raise a major mining fund—potentially worth billions of dollars—and could make a play for the Las Bambas copper project in Peru, AMM sister publication Metal Bulletin understands.
Ferbasa’s first-quarter profits decline as shipments slide

Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) saw first-quarter earnings fall year on year on reduced exports and increased costs.
SAG mill at Copper Mountain Mine down

Operations at Copper Mountain Mining Corp.’s semi-autogenous grinding mill at its Copper Mountain Mine in British Columbia have been temporarily suspended.
Midwest aluminum premiums narrow

Midwest aluminum premiums rose slightly this past week after discounts subsided in the wake of lower metals prices on the London Metal Exchange.
Secondary aluminum alloy prices hold steady

Slowing demand and lower scrap prices could bring secondary aluminum alloy prices down in the coming weeks, according to market sources.

Navistar sells RV assets to Allied Specialty Vehicles

Heavy commercial vehicle manufacturer Navistar Inc. has sold its Navistar RV subsidiary to Allied Specialty Vehicles Inc. (ASV), which makes emergency, commercial and recreational vehicles.
Nissan inks deal to produce small cargo vehicle for GM

Nissan North America Inc. has signed an agreement to produce a small cargo vehicle for General Motors Co., which will sell the vehicle in the United States and Canada.
Public comment sought on updated draft fracking rule

The U.S. Department of the Interior has released an updated draft rule on hydraulic fracturing developed by the Bureau of Land Management for public comment.
US drilling steady, Canada rises

The number of drill rigs running in the United States was unchanged last week.
Efficiency gains expected to slow growth in energy usage

Drivers for energy demand include population growth and economic activity. While the world population will grow to 9 billion by 2040 from 7 billion, economies around the world are becoming more efficient with their energy consumption, and at an accelerated pace.

Cheaper, safer, greener by Jo Isenberg

It’s no secret that steel has—and has had—the inside track when it comes to affordability among the handful of metals and materials racing full throttle to win a larger share of the automotive market. Even so, news to that effect is always welcome.
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A look back to see what’s next for OCTG

At the start of the new century, there were few signs that the oil country tubular goods (OCTG) market was about to do something historic. But a remarkable growth cycle started about a decade ago, fueled by technological innovation and increased energy demand.
AMM Aluminum Summit preview

AMM ’s third annual Aluminum Summit in June will offer analysts and executives from every step along the supply chain an opportunity to collaborate, address the challenges facing the industry, and seize the opportunities that domestic and global markets have to offer.
Commercial airliner demand keeps aerospace soaring

Despite a somewhat discouraging trend in the defense sector, global demand and investment are expected to maintain a profitable market climate.