Steel RSS

  • GM yet to jump on aluminum bandwagon Apr 15, 2014

    General Motors Co. has concerns about durability and corrosion when it comes to potentially increased aluminum use in trucks.

  • USS problems could bolster short-term prices Apr 14, 2014

    U.S. Steel Corp.’s declaration of force majeure at its Great Lakes Works, and production cuts at its Gary Works could squeeze an already tight flat-rolled steel market as a recent round of price increases kicks in.

  • Pacific Steel Casting eyeing early summer sale Apr 14, 2014

    Pacific Steel Casting Co. expects to be sold by "early summer," a spokeswoman for the foundry told AMM.

  • Tube market mulls implications of price hike Apr 14, 2014

    U.S. structural tubing mills have taken a variety of approaches to a recent price increase, with market participants trying to figure out what the implications might be.

  • Wheatland Tube sets $35M for plant expansion Apr 14, 2014

    Wheatland Tube Co. is spending $35 million to expand its Wheatland, Pa., facility, parent company JMC Steel Group Inc. said in a statement April 14.

  • ATI increasing stainless, alloy base prices Apr 14, 2014

    Allegheny Technologies Inc. is increasing various product prices for May.

  • American Tube follows price increase Apr 14, 2014

    American Tube Manufacturing Inc. has raised prices by $40 per ton effective April 11.

  • US, Canadian drilling diverge Apr 14, 2014

    The number of drill rigs running in the United States rose by 13 last week.

  • USS’ Great Lakes Works declares force majeure Apr 11, 2014

    U.S. Steel Corp. has declared force majeure on shipments from its Great Lakes Works in Ecorse, Mich., due to a number of unanticipated events, it said in a letter to its automotive contract customers.

  • Bar market split on possibility of hikes on scrap price gains Apr 11, 2014

    Rebar and merchant bar sources are split on the likelihood of price increases in those markets after a rise in scrap tags this month that has since led to a $20-per-ton ($1-per-hundredweight) wire rod increase by most U.S. mills.

  • Atlas, Hanna raise tubing $40/T Apr 11, 2014

    Atlas Tube Inc., a subsidiary of Chicago-based JMC Steel Group Inc., and Hanna Steel Corp have announced plans to raise tubing prices by $40 per ton effective immediately,

  • Cemco looking to offset steel cost squeeze Apr 11, 2014

    California Expanded Metal Products Co. (Cemco) is looking to boost steel framing prices by 5 to 10 percent April 21, as it moves to ease a cost-price squeeze created by rising galvanized sheet tags.

  • USS-Posco rejigs its marketing staff Apr 11, 2014

    USS-Posco Industries Inc. (UPI) has realigned its sales and marketing staff, the company said in a notice to customers and employees.

  • Olympic Steel promotes executives Apr 11, 2014

    Olympic Steel Inc. has promoted Stephen Reyes to vice president of sales and marketing for flat-rolled products.

  • Plate market steady but imports threaten Apr 11, 2014

    The steel plate market continues to be even-keeled, sources indicate, although wariness about import pressure has some mills starting to become concerned again.

  • Manufacturing Council meeting planned Apr 11, 2014

    The U.S. Commerce Department’s Manufacturing Council will meet April 29 to consider proposed recommendations for work force development best practices; strategies to address misconceptions of manufacturing careers; innovation, research and development in manufacturing; and manufacturing energy policy.

  • Commerce delays decision on steel wire rod imports Apr 11, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has postponed to June 30 its preliminary determination in a countervailing duty investigation of imports of carbon and alloy steel wire rod from China.

  • Maruichi hiking pipe products Apr 11, 2014

    Maruichi Leavitt Pipe & Tube LLC is increasing prices on all products and size ranges by $40 per ton ($2 per hundredweight) effective with orders received after the start of business April 11.

  • ArcelorMittal joins wire rod hike Apr 11, 2014

    ArcelorMittal Long Carbon North America is increasing wire rod prices by $20 ton ($1 per hundredweight) effective with shipments May 1, it said in an April 10 letter to customers.

  • Sheet market mixed on price direction Apr 10, 2014

    Market participants are mixed over where flat-rolled prices will settle after a round of increases late last week, with buyers and sellers expressing uncertainty on how long the market will remain tight.

  • Great Lakes shipping delays seen continuing Apr 10, 2014

    Shipments of iron ore and coal on the Great Lakes will likely remain delayed in April due to fallout from severe winter weather, Glen G. Nekvasil, vice president of the Lake Carriers’ Association, told AMM.

  • CarTech sees lower profits amid higher weather costs Apr 10, 2014

    Carpenter Technology Corp. said it expects its fiscal third-quarter earnings to be in a range of 54 to 58 cents per diluted share, 10 cents lower than previously forecast due to higher energy costs and lower-than-expected sales of specialty alloys.

  • STI names Anderson HSS director Apr 10, 2014

    The Steel Tube Institute (STI) has appointed Joseph Anderson hollow structural sections (HSS) director, replacing Mark Bula.

  • Tyco sells remaining Atkore stake Apr 10, 2014

    Tyco International Ltd. has sold the last of its stake in Harvey, Ill.-based Atkore International Holdings Inc., parent of Allied Tube & Conduit Corp., for about $250 million, according to a company statement.

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