Steel RSS

  • CarTech upbeat on end-market trends Apr 24, 2014

    Carpenter Technology Corp. is banking on improving trends within its key end markets and the continuing ramp-up of its new premium alloy production facility in Athens, Ala., to boost sales volumes and operating margins, the specialty steel producer said in its earnings report April 24.

  • Hannibal Industries joins tubing price hike Apr 24, 2014

    Hannibal Industries Inc. has joined the latest round of West Coast steel tubing price increases.

  • Timken remains bullish on steel after solid first quarter Apr 24, 2014

    Timken Co. expects steel sales to rise 15 to 20 percent this year from 2013, driven by improved demand in the oil and gas and industrial end markets.

  • Nucor profits jump on higher shipments, production gains Apr 24, 2014

    Nucor Corp.’s net income jumped 30.9 percent in the first quarter as shipments and production rose across its market segments.

  • SSAB Americas boosts plate on strong orders Apr 24, 2014

    SSAB Americas has increased plate prices in the United States and Canada, according to letters to customers obtained by AMM.

  • NAS sets production record to meet higher consumption Apr 24, 2014

    North American Stainless Inc. (NAS) achieved record production levels in the first quarter, parent company Acerinox SA said in its quarterly earnings report.

  • Steel product imports slide in March Apr 24, 2014

    U.S. steel imports dipped slightly in March, led by falls in inflows of coiled plate and bloom, billet and slab, according to preliminary U.S. Census Bureau data.

  • ITC keeps duties on line pipe imports Apr 23, 2014

    In a five-year sunset review, the U.S. International Trade Commission (ITC) voted to maintain anti-dumping and countervailing duty orders on imports of circular-welded carbon-quality steel line pipe from China.

  • Mexico ‘concerned’ by US rebar dumping duties Apr 23, 2014

    Mexican steel association Canacero is "concerned" about the preliminary anti-dumping duties imposed by the Commerce Department’s International Trade Administration (ITA) on rebar shipments from Mexico.

  • AK Steel setting record stainless shipments Apr 23, 2014

    AK Steel Corp. is "setting records" with shipments of 400-grade ferritic stainless steels due in part to a strengthening market, according to chairman, president and chief executive officer James L. Wainscott.

  • Voestalpine eyes high-end markets Apr 23, 2014

    Voestalpine AG is looking to ramp up its North American presence following its $759-million investment in a 2-million-tonne-per-year HBI and DRI facility in Corpus Christi, Texas.

  • AK considers annealing line for auto steels Apr 23, 2014

    AK Steel Corp. is considering investing in or forming a partnership to give it continuous annealing capacity to meet automotive demand for next-generation high-strength steels.

  • Voestalpine starts output at US auto parts plant Apr 23, 2014

    Voestalpine Group has begun producing high-strength steel auto components at its $70-million Voestalpine Automotive Body Parts Inc. subsidiary in Cartersville, Ga.

  • ATI closing iron casting facility by end of June Apr 22, 2014

    Allegheny Technologies Inc. (ATI) will close its iron castings facility in LaPorte, Ind., by the end of June, according to a U.S. Securities and Exchange Commission filing.

  • ATI expects emerging positive trends Apr 22, 2014

    ATI expects emerging trends in the form of longer lead times for many of its products, the realization of modest base price increases, and a shift in the direction of raw material surcharges to deliver improved results after a "challenging" first quarter.

  • AK targets new labor pact for Middletown Apr 22, 2014

    AK Steel Corp. aims to sign a new labor agreement with workers at its Middletown, Ohio, facility after inking a deal earlier this year for union employees at its operations in Mansfield, Ohio, according to the company’s top executive.

  • AK aims to rev up iron ore output, reduce coal mining Apr 22, 2014

    AK Steel Corp. is looking to ramp up in-house iron ore pellet production as it scales back plans to boost coal mining because of low prices.

  • AK Steel unable to aid struggling automakers Apr 22, 2014

    AK Steel Corp. is booked nearly to capacity on coated and cold-rolled steel products and therefore has limited capacity to help automakers facing shutdowns due to steel shortages, the company’s top executive said.

  • NLMK USA’s flat-rolled sales slide Apr 22, 2014

    NLMK USA’s flat-rolled steel sales suffered in the first quarter due to unfavorable weather conditions that led to a transportation crimp.

  • Steel Technologies to buy Ind. toll processor Stripco Apr 22, 2014

    Steel Technologies LLC has entered into an agreement to purchase toll processor Stripco LLC for an undisclosed amount.

  • Arch Coal reduces met coal sales forecast on weak mart Apr 22, 2014

    Arch Coal Inc. is reducing its forecast for metallurgical coal sales in 2014 on a weaker market outlook.

  • Outage, cold weather chill AK Steel’s results Apr 22, 2014

    AK Steel Corp. spilled red ink in the first quarter as an unplanned blast furnace outage at its Ashland, Ky., facility, cold weather and an antitrust settlement hammered results.

  • US raw steel production inches up 1.3% Apr 22, 2014

    U.S. raw steel output totaled an estimated 1,808,000 net tons last week, up 1.3 percent from 1,785,000 tons the previous week, as mills operated at an average capacity utilization rate of 75.2 percent.

  • Beam price firming may draw imports Apr 21, 2014

    Firmer wide-flange beam pricing has raised speculation that more increases could loom and that imports could become more attractive.

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