Steel RSS

  • Keystone investor Simmons dies Dec 31, 2013

    Harold C. Simmons, the Texas billionaire whose business interests included Keystone Steel & Wire Co., died Dec. 28. He was 82.

  • ITA finds stainless pipe sold below value Dec 31, 2013

    The Commerce Department’s International Trade Administration (ITA) has preliminarily ruled that welded stainless pressure pipe from Malaysia, Thailand and Vietnam has been sold in the domestic market at less than fair value.

  • Outokumpu lowers most stainless steel extras Dec 31, 2013

    Outokumpu Stainless USA LLC has lowered its stainless steel surcharges across most nickel-bearing grades for January, with slight increases in raw material extras across the 400 grades.

  • US steel imports decline in November Dec 31, 2013

    U.S. steel imports fell in November compared with the previous month, with hot-dipped galvanized sheet and strip, line pipe and oil country tubular goods (OCTG) leading the charge down, according to preliminary U.S. Census Bureau data.

  • US raw steel production rebounds 2.3% Dec 31, 2013

    U.S. raw steel output totaled an estimated 1,773,000 net tons last week, up 2.3 percent from 1,733,000 tons the previous week, as mills operated at an average capability utilization rate of 74 percent.

  • Nucor makes first DRI shipment from La. plant Dec 31, 2013

    Nucor Corp. made the first shipment of direct-reduced iron (DRI) from its 2.5-million-ton facility in St. James Parish, La., on Dec. 29, a company spokeswoman told AMM in an e-mail.

  • Interpipe denies boosting OCTG imports Dec 31, 2013

    Ukranian oil country tubular goods (OCTG) producer Interpipe Group and Houston-based subsidiary North American Interpipe Inc. have hit back at critical circumstance allegations.

  • China’s steel pipe market eyes 2014 gains Dec 31, 2013

    China’s steel pipe market will see improved fortunes in 2014 amid steady economic growth and increased demand, according to Zhong Xidi, secretary general of the China Steel Pipe Association.

  • Sherritt to sell coal business, focus on Ambatovy ramp-up Dec 31, 2013

    Sherritt International Corp. is selling its coal business for Canadian $946 million ($890.4 million).

  • Jiangsu targeting 7M tonnes in steel capacity cuts by ‘18 Dec 31, 2013

    China’s Jiangsu province has unveiled a plan to cut 7 million tonnes of steelmaking capacity between 2014 and 2018.

  • Nucor Birmingham mill output hit by explosion Dec 30, 2013

    Production has stopped at the reheat furnace at Nucor Corp.’s steel bar mill in Birmingham, Ala., due to an explosion there Dec. 26.

  • Severstal looks to boost quality of auto steels Dec 30, 2013

    Severstal North America Inc. is looking to grow its footprint in the automotive industry as it pushes to create higher-quality steels.

  • Rebar market upbeat on construction for '14 Dec 30, 2013

    Rebar mills and buyers are optimistic about the 2014 construction market and expect more robust activity after a year-end spurt of business in 2013 that saw prices and demand rise.

  • US steel mill shipments rise in October Dec 30, 2013

    U.S. steel mills shipped 8.29 million net tons in October, up 5.2 percent from the previous month, American Iron and Steel Institute data show.

  • Overcapacity, oversupply weigh on China steel Dec 30, 2013

    Steel overcapacity and oversupply in China, the world’s largest steelmaker, remained the most pressing challenge for the sector in 2013, with the gap between supply and demand still disturbingly wide.

  • Metals shipment, order values fall in November Dec 30, 2013

    The value of metals product shipments fell in November vs. the previous month, the most recent U.S. Census Bureau data show.

  • Rains prompt Vale iron ore force majeure Dec 30, 2013

    Vale SA has declared force majeure on a number of its iron ore sales contracts due to adverse weather conditions in southeastern Brazil.

  • Court clarifies ArcelorMittal patent ruling Dec 30, 2013

    ArcelorMittal SA has taken another legal hit in its nearly four-year-long patent infringement battle after a federal judge clarified that its patent on aluminized boron automotive steels was not infringed by three companies.

  • US drilling slips, Canada plunges Dec 30, 2013

    The number of drill rigs running in the United States fell by 11 last week, led by Texas (down 10), while Canadian drilling activity plunged by 135 rigs compared with the previous week.

  • NLMK USA increases steel sheet prices Dec 24, 2013

    NLMK USA LLC has raised flat-rolled steel product prices effective immediately, it said in a Dec. 23 letter to customers.

  • Ryco settles suit on use of foreign-made steel Dec 24, 2013

    Ryco Inc. and its owners have settled a lawsuit over its use of foreign-produced steel in public works projects, according to Pennsylvania Attorney General Kathleen G. Kane.

  • Distributor sentiment on OCTG builds further Dec 24, 2013

    Distributor sentiment on oil country tubular goods (OCTG) rose further in December despite another slight drop in overall selling prices.

  • Raw steel output sags to over 13-month low Dec 24, 2013

    U.S. raw steel output totaled an estimated 1,733,000 net tons in the week ended Dec. 21, down 4.7 percent from 1,818,000 tons the previous week, as mills operated at an average capability utilization rate of 72.3 percent.

  • Moody’s expects improved OCTG, line pipe tags in ’14 Dec 24, 2013

    Moody’s Investors Service Inc. expects a pickup in oil country tubular goods (OCTG) and line pipe prices to stabilize energy distributors’ fortunes next year.

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