Ferrous scrap prices have risen at East Coast docks as the big exporters begin amassing tonnage to fill new orders from Turkey, with West Coast prices also driving higher.
Some of OAO Severstal’s North American steelmaking operations, which have been idled for several months, are now scheduled to be back in operation before year-end.
Metalforming companies are equally split on whether business conditions and incoming orders will improve or worsen over the next three months, according to the November business report by the Precision Metalforming Association (PMA).
Jury selection is under way for the trial of Testwell Laboratories Inc., Ossining, N.Y., and company employees accused of falsifying test results for concrete and structural steel used in several high-visibility building projects in New York City.
A looming shortage of needle coke might constrain the supply of electrodes when the recession is over and steelmaking output fully recovers, according to coke and graphite electrode producer sources.
AK Steel Corp. said late Thursday it will increase spot prices for its carbon steel products effective Jan. 1.
Alcoa Inc. will temporarily curtail all production at its aluminum smelters in Fusina and Portovesme, Italy, after the European Commission ruled that the company must repay a portion of its Italian energy tariff.