Steel RSS

  • US steel imports poised to climb in March Apr 02, 2014

    U.S. steel imports are on course to hit 3.16 million tonnes in March, the third monthly increase and highest level in more than a year, according to import license data updated April 1 by the U.S. Commerce Department’s Enforcement and Compliance.

  • Steel beam imports set to post larger gains Apr 02, 2014

    March imports of steel beams look likely to surpass February’s level by 49 percent as import permit applications continued to stream in through April 1.

  • U.S. Steel outage could boost steel sheet prices Apr 02, 2014

    Steel market participants are growing increasingly nervous about supply-side dynamics as a result of an ongoing outage at U.S. Steel Corp.’s Great Lakes Works in Ecorse, Mich., with some saying the issue could lead to higher prices in the near term.

  • Battle is on to grab auto market share Apr 02, 2014

    Aluminum has great growth opportunities in the automotive sector, but the light metal faces stiff competition from new high-strength steels and composites, according to one industry expert.

  • ATI increases polished product prices Apr 02, 2014

    Allegheny Technologies Inc.’s flat-rolled products segment has increased prices for polished material across all grades effective April 1 by reducing discounts by 10 percentage points, the company said.

  • Bull Moose Tube’s Jack Meyer retires Apr 01, 2014

    Jack Meyer has retired as chief executive officer of Bull Moose Tube Co., parent company Caparo Group Ltd. said in a statement April 1.

  • Trade rules unfairly harm Turkey steel: Ekinci Apr 01, 2014

    Turkish steel producers are being unfairly subjected to a host of non-tariff protectionist measures by other countries looking to support their own steel mills, according to Turkish Steel Exporters’ Association chairman Namik Ekinci.

  • Tax proposal could injure steel: AISI Apr 01, 2014

    A House Ways and Means Committee tax proposal would weaken many pro-investment provisions important to the steel sector, according to the American Iron and Steel Institute.

  • NW Pipe OCTG assets sold to SB for $42.7M Apr 01, 2014

    Northwest Pipe Co. has sold its oil country tubular goods (OCTG) assets in Bossier City, La., and Houston to Centric Pipe LLC, an affiliate of energy tubulars trading firm SB International Inc., for $42.7 million.

  • China's Hilong Holding buys Texas coater Apr 01, 2014

    China’s Hilong Holding Ltd. has purchased U.S. oil country tubular goods (OCTG) coater Texas Internal Pipe Coating LLC.

  • US raw steel production slides 3.4 percent Apr 01, 2014

    U.S. raw steel output totaled an estimated 1,820,000 net tons last week, down 3.4 percent from 1,885,000 tons the previous week, as mills operated at an average capacity utilization rate of 75.7 percent.

  • ATI taps Minich, Wetherbee division heads Mar 31, 2014

    Allegheny Technologies Inc. (ATI) has named John S. Minich president of its forged products business and Robert S. Wetherbee as president of its flat-rolled products unit effective April 1, the steelmaker said March 31.

  • China leads in world stainless industry growth Mar 31, 2014

    The global stainless steel industry is expected to grow 5 percent in 2014, with the North American market seen maintaining last year’s rate of 4 percent growth and the Chinese market growing 7 percent.

  • Ark. commission to discuss Big River Steel ruling Mar 31, 2014

    The Arkansas Pollution Control and Ecology Commission will meet April 25 to discuss a recent ruling in favor of steel industry veteran John D. Correnti’s proposed Big River Steel LLC project, Charles Moulton, the commission’s administrative law judge, told AMM.

  • West Coast steel plate prices remain at peak Mar 31, 2014

    Long lead times and strong energy-related demand are helping to keep the West Coast steel plate market firm, even though prices appear to have peaked for the time being.

  • Southwire to shut down seven facilities Mar 31, 2014

    Southwire Co. will close three production facilities and four distribution locations as part of consolidation efforts following its $786-million acquisition of electrical wire and cable manufacturer Coleman Cable Inc., a Southwire spokesman told AMM.

  • Wire rod import prices rise, China offers shrink Mar 31, 2014

    U.S. wire rod import transaction prices have risen as lower-priced offers from China have dried up, market sources told AMM.

  • Commerce rescinds review of steel grating anti-dumping duty Mar 31, 2014

    The Commerce Department’s International Trade Administration (ITA) has rescinded its anti-dumping duty administrative review of imports of certain steel grating from China from July 1, 2012, to June 30, 2013.

  • Welded Tube receives grant for tubular facility Mar 31, 2014

    Welded Tube USA Inc., a subsidiary of Welded Tube of Canada Ltd., has received $250,000 of a possible $500,000 grant for its greenfield energy tubular facility in Lackawanna, N.Y.

  • Turkish election results seen as boon for scrap Mar 31, 2014

    Ferrous scrap trading in Turkey is expected to get a boost following the results of bitterly fought elections that brought a temporary halt to protest activity.

  • North American Stainless sets polished product price hike Mar 31, 2014

    North American Stainless Inc. (NAS) has raised stainless steel prices for polished material effective April 1, the Ghent, Ky.-based steelmaker said March 27.

  • Crimea ferrous scrap exporters see delays Mar 31, 2014

    While Russia’s annexation of Crimea from Ukraine nearly two weeks ago has done little to impact the flow of scrap and pig iron from Crimean ports, exporters are struggling with bureaucratic issues.

  • US drilling rises, Canada slumps Mar 31, 2014

    The number of drill rigs running in the United States increased by six last week.

  • ClarkDietrich buys Trakloc system, expands offerings Mar 28, 2014

    ClarkWestern Dietrich Building Systems LLC has purchased the machinery, equipment and intellectual property necessary to produce the Trakloc cold-formed steel framing system.

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