Steel

  • 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.

  • 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.

  • Global stainless steel output rises in 2d qtr. Sep 19, 2014

    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 Sep 19, 2014

    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 Sep 19, 2014

    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.

  • 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.

  • U.S. Steel credit rating unchanged: Fitch Sep 19, 2014

    Fitch Ratings Inc. is not adjusting its credit rating on U.S. Steel Corp. as a result of the recent creditor protection filing by the steelmaker’s Canadian subsidiary.

  • 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.

  • Auto forgings maker facing OSHA fines Sep 19, 2014

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

  • Fire out at Nucor Steel Berkeley Sep 19, 2014

    A fire at Nucor Corp.’s steel mill in Berkeley County, S.C., has been extinguished and did not impact production, a company spokeswoman told AMM.

  • 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.

  • Rebar trade case appeal ‘likely’ Sep 19, 2014

    Domestic steelmakers are "highly likely" to appeal the Commerce Department’s recent ruling that Turkish rebar has not been dumped into U.S. markets, a source close to the petitioners told AMM.

  • CSI closes flat-rolled order book Sep 19, 2014

    California Steel Industries Inc. (CSI) has filled its October flat-rolled production capacity.

  • US stainless long products on right path Sep 18, 2014

    The domestic stainless long products market is heading in the right direction, with consumption improving and import penetration—historically very high—drifting downward, according to one top industry analyst.

  • Severstal NA chief departs following sale Sep 18, 2014

    Former Severstal North America Inc. chief executive officer Saikat Dey has left the company following its acquisition by Steel Dynamics Inc. (SDI) and AK Steel Corp.

  • SDI expects stronger earnings in 3d qtr. Sep 18, 2014

    Steel Dynamics Inc. (SDI) said it expects its third-quarter earnings to be higher than in the second quarter and a year earlier as "both shipments and metal spreads are expected to improve across the steel operating platform."

  • Esmark forms European unit Sep 18, 2014

    Esmark Inc. has created an Esmark Europe subsidiary whose ranks include former executives of U.S. Steel Corp.’s operations in Slovakia, the company said Sept. 18.

  • SMA tackling high rail, trucking rates Sep 18, 2014

    The Steel Manufacturers Association (SMA) is prioritizing the problem of high rail and trucking freight rates, according to the group’s top executive.

  • China’s edge in stainless longs eroding Sep 18, 2014

    Chinese stainless steel producers have less than a decade before their cost curves converge with the rest of the world and end their run as the lowest-cost producers, one industry analyst said.

  • AM/NS Calvert to lift slab supply from Ind. Sep 18, 2014

    ArcelorMittal SA’s plan to boost slab supplies from its Indiana Harbor plant in East Chicago, Ind., to its AM/NS Calvert LLC facility could allow the company to sell products to customers participating in projects with “Buy American” requirements.

  • USS stock jumps on CCAA filing Sep 18, 2014

    U.S. Steel Corp.’s stock jumped Wednesday in the wake of the company’s plans to restructure its Canadian operations.

  • USW lashes out at USS, Canadian gov’t Sep 17, 2014

    The United Steelworkers union is blaming U.S. Steel Corp. and the Canadian government for jeopardizing about 2,000 jobs as a result of the steelmaker’s plan to restructure its lossmaking Canadian subsidiary.

  • AK offers option to 300-series stainless Sep 17, 2014

    AK Steel Corp. has introduced a nickel-free stainless steel product that it claims is similar to austenitic stainless steel without the price volatility that comes with nickel-bearing material.

  • Mexico’s demand for stainless said surging Sep 17, 2014

    Mexico is proving to be a driving force behind the growth in stainless steel consumption, according to industry executives and analysts.

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