Steel

Steel traders beef up service offerings in recovering mart

Wed, 19 Jun 2013 18:03:00 GMT

Steel traders are adding services to cope with a still-recovering U.S. steel market in which the traditional back-to-back import business model doesn’t always work, members of the American Institute for International Steel (AIIS) said at an AMM-led roundtable at the Steel Success Strategies XXVIII conference in New York.

Misconceptions, risks surround DRI, Bradford says

Wed, 19 Jun 2013 17:52:00 GMT

While direct-reduced iron (DRI) is "what everyone is talking about," there are many misconceptions about the product, Bradford Research Inc. president Charles Bradford said June 18 on the sidelines of the Steel Success Strategies XXVIII conference in New York.

China Steel investing $62.5M in Malaysia ferroalloy project

Wed, 19 Jun 2013 14:48:00 GMT

Taiwan’s China Steel Corp. plans to spend $62.46 million to acquire a 19-percent stake in Sakura Ferroalloys Sdn Bhd, a project in the Malaysian state of Sarawak, the company said June 19.

Buyers question mill hikes as shipments lag

Tue, 18 Jun 2013 23:37:00 GMT

U.S. and Canadian service centers recorded drops in both steel shipments and inventories in May as market players questioned the ability of domestic mills to stick to their guns on recently announced price moves.

Alita plans $120M OCTG mill in US

Tue, 18 Jun 2013 23:29:00 GMT

Alita USA is planning to spend $120 million to build a welded oil country tubular goods (OCTG) mill in the United States capable of producing 150,000 tonnes of finished product annually, according to president and chief executive officer Ali Hosseini.

Unfair steel imports stalling recovery: Longhi

Tue, 18 Jun 2013 22:36:00 GMT

Skyrocketing overcapacity in the steel sector continues to be one of the U.S. industry’s main challenges, particularly as weak trade laws and lax enforcement encourage many foreign mills to send unfairly traded volumes stateside, a top U.S. Steel Corp. executive said.

Steel importers must offer added value: AIIS

Tue, 18 Jun 2013 22:07:00 GMT

Steel importers must offer more risk management services to customers in order to compete with domestic suppliers, members of the board of the American Institute for International Steel (AIIS) said during an AMM-led roundtable at the Steel Success Strategies XXVIII conference in New York.

China steel industry outlook ‘calamitous’: WSD

Tue, 18 Jun 2013 21:00:00 GMT

China’s steel industry is in a "calamitous situation" as its era of breakneck growth comes to an end and demand by 2015 "may not be much changed from 2013," an industry analyst said at the Steel Success Strategies XXVIII conference in New York.

FlexSteel pipe demand up despite mart lull: exec

Tue, 18 Jun 2013 20:43:00 GMT

FlexSteel Pipeline Technologies Inc. says that demand for its line pipe products has grown this year despite a softer overall market.

Allied’s sales up, but recovery subdued

Tue, 18 Jun 2013 20:31:00 GMT

Allied Tube & Conduit Corp.’s performance has improved so far this year across its end markets serving the nonresidential construction sector, although the sector’s overall recovery remains subdued, according to Steve Robins, vice president of strategic sourcing at parent company Atkore International Holdings Inc.

‘Assessor’ could cut steel overcapacity: Ahmsa

Tue, 18 Jun 2013 19:26:00 GMT

Steelmaking overcapacity could be addressed by an independent group that would assess which mills should be shuttered on the basis of national need and company performance, the top executive of Mexico’s largest integrated steel producer proposed.

Transportation providers try to offer savings

Tue, 18 Jun 2013 18:13:00 GMT

Transportation and logistics providers are working to develop cost-saving innovations for the metals industry, several executives said during a workshop at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and World Steel Dynamics Inc.

Cheaper energy sparking ‘rebirth’ for DRI, HBI

Tue, 18 Jun 2013 18:08:00 GMT

New technologies and cheaper energy are driving a revival in alternative iron units, such as direct-reduced iron (DRI) and hot-briquetted iron (HBI), according to panelists at the Steel Success Strategies XXVIII conference in New York.

Nucor SBQ extra stays the same

Tue, 18 Jun 2013 15:55:00 GMT

Nucor Corp.’s scrap surcharge on special bar quality (SBQ) products will remain unchanged in July at $10.50 per hundredweight ($210 per ton), the Charlotte, N.C.-based steelmaker said in a June 14 notice to customers.

Japan’s Topy Industries sets up Mexico steel wheel plant

Tue, 18 Jun 2013 15:04:00 GMT

Japan’s Topy Industries Ltd. is investing $13 million in a steel vehicle wheel plant in Mexico.

US raw steel production climbs 1 percent

Tue, 18 Jun 2013 14:24:00 GMT

U.S. raw steel output totaled an estimated 1,870,000 net tons last week, up 1 percent from 1,851,000 tons the previous week, as mills operated at an average capability utilization rate of 78.1 percent.

ArcelorMittal Canada stake sale to fund Liberia growth

Mon, 17 Jun 2013 23:50:00 GMT

Proceeds from ArcelorMittal SA’s sale of a 15-percent stake in its Canadian unit will be used to fund the expansion of its iron ore mining operations in Liberia, the company told AMM sister publication Steel First.

N. Carolina to vote on LEED regulations

Mon, 17 Jun 2013 23:37:00 GMT

The North Carolina Senate is set to vote on a bill that will determine the use of certain green building rating systems in the state.

Steel imports remain flat to down: AIIS

Mon, 17 Jun 2013 23:22:00 GMT

The majority of flat and long steel traders expect U.S. imports to hold steady or decline over the next two months, according to an American Institute for International Steel (AIIS) survey.

Steel mill shipments dip year on year in April: AISI

Mon, 17 Jun 2013 22:42:00 GMT

U.S. mills shipped some 7.98 million net tons of steel in April, up 0.7 percent from 7.92 million net tons the previous month but down 3.2 percent from 8.25 million net tons in the year-ago period, according to data from the American Iron and Steel Institute.

AK Steel expects bigger quarterly loss

Mon, 17 Jun 2013 21:54:00 GMT

AK Steel Corp. expects to post a bigger second-quarter net loss due to a planned blast furnace outage at one of its facilities, lower selling prices for carbon flat-rolled products and several tax expenses. However, the company expects pricing to improve in coming months.

Friedman sales, net income down sharply for fiscal year

Mon, 17 Jun 2013 21:53:00 GMT

Friedman Industries Inc.’s net income fell in its fiscal year ended March 31 on the back of a sharp drop in fourth-quarter earnings.

Electralloy sets maintenance at Pa. sites

Mon, 17 Jun 2013 21:24:00 GMT

Specialty and stainless steel alloy producer Electralloy will temporarily shut down its Oil City, Pa., melt shop and Titusville, Pa., wrought products facility from July 21 to July 28 for annual maintenance.

Severstal offers firm price options, hikes tags

Mon, 17 Jun 2013 21:17:00 GMT

Severstal North America Inc. has introduced new firm pricing options for quarterly and six-month spot buying of sheet products.

US, Guinea partner on mining sector transparency

Mon, 17 Jun 2013 20:57:00 GMT

The United States and several other countries have agreed to work with the West African country of Guinea to improve transparency in its extractive industries.

CSI joins flat-rolled steel hike

Mon, 17 Jun 2013 20:20:00 GMT

The West Coast has joined the latest round of flat-rolled steel price hikes, with California Steel Industries Inc. (CSI) raising tags effective June 14.

Sudisa honors Tenaris as supplier

Mon, 17 Jun 2013 18:18:00 GMT

Mexico’s Super Diesel SA de CV (Sudisa) has named Luxembourg-based Tenaris SA an "excellent supplier for 2012" for its on-time deliveries of defect-free material as well as its quantity compliance.

Titanium bucks trend as May metal price indices decline

Mon, 17 Jun 2013 15:59:00 GMT

Prices for metal scrap, ores and primary metal products all fell last month with the exception of titanium, the latest Bureau of Labor Statistics report shows.

Drilling increases in US, Canada

Mon, 17 Jun 2013 15:41:00 GMT

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

Brazilian anti-dumping cases vs. China set to rise

Mon, 17 Jun 2013 15:23:00 GMT

The number of Brazilian anti-dumping investigations involving China is expected to rise over the next few years as local companies become "more aware" of their trade defense options.

Metal producers slower in May vs. April; fabricators flat

Mon, 17 Jun 2013 15:00:00 GMT

Primary metals producers saw both capacity utilization and output fall in May, while fabricators’ activity remained flat compared with April.

Tornado misses Cascade Steel

Sat, 15 Jun 2013 00:20:00 GMT

Cascade Steel Rolling Mills Inc., a subsidiary of Schnitzer Steel Industries Inc., escaped any damage from a tornado that struck McMinnville, Ore., June 13, according to Rich Leipfert, the city’s fire chief.

Tenaris nabs incentives for new Texas facility

Fri, 14 Jun 2013 22:48:00 GMT

Tenaris SA’s new seamless oil country tubular goods mill in Bay City, Texas, has been approved for an incentive package by the state’s Matagorda County.

Commerce sets dumping duties on silica bricks

Fri, 14 Jun 2013 22:13:00 GMT

The U.S. Commerce Department’s International Trade Administration (ITA) has issued an affirmative preliminary determination on imports of silica bricks and shapes from China.

More US steel mills follow sheet hikes

Fri, 14 Jun 2013 21:27:00 GMT

More domestic steel mills are said to have increased base prices on sheet products in a move sources predict will help bring in buyers off the sidelines.

Canada launches probe on galvanized wire imports

Fri, 14 Jun 2013 21:11:00 GMT

The Canadian International Trade Tribunal has opened an investigation into whether the alleged dumping of cold-drawn carbon or alloy galvanized wire from China, Israel and Spain and the alleged subsidy of the same product from China is causing injury to the Canadian industry.

Duferco sues for undischarged wire rod

Fri, 14 Jun 2013 21:08:00 GMT

Steel trader Duferco SA and U.S. subsidiary Duferco Steel Inc. have sued the vessel M/V Blue Ocean for allegedly failing to discharge a shipment of steel wire rod from China when it arrived at the Port of Houston.

SBQ prices dip slightly as order entry dries up

Fri, 14 Jun 2013 20:57:00 GMT

Spot prices for most special bar quality (SBQ) products have slipped slightly this month compared with May amid short lead times, plentiful inventories, stable input costs and languishing demand outside of automotive, buyer sources told AMM.

HSS prices move up but mills split on how much

Fri, 14 Jun 2013 19:37:00 GMT

Hollow structural sections (HSS) mills are raising prices, but not in a uniform manner, market sources told AMM.

TK slab mill faces blast furnace issues in Brazil

Fri, 14 Jun 2013 17:27:00 GMT

Output at ThyssenKrupp Cia. Siderúrgica do Atlântico Ltda.’s (CSA’s) 5-million-tonne-per-year slab plant in Brazil’s Rio de Janeiro state has been affected by problems at one of its blast furnaces.

NLMK USA hikes steel sheet prices

Fri, 14 Jun 2013 16:37:00 GMT

NLMK USA is increasing base prices for all steel sheet products by $30 per ton effective immediately, it told customers in a June 14 letter, citing improved demand and extended lead times.

Gelwicks to succeed Snyder at helm of Hickman, Williams

Fri, 14 Jun 2013 16:10:00 GMT

Hickman, Williams & Co. president and chief executive officer William A. Snyder plans to retire Oct. 1. He will be succeeded by David Gelwicks, chief operating officer and vice president.

Cliffs, Algoma extend iron ore pellet deal

Fri, 14 Jun 2013 15:52:00 GMT

Cliffs Natural Resources Inc. has extended its iron ore pellet sales contract with Sault Ste. Marie, Ontario, flat steel producer Essar Steel Algoma Inc. to 2024. The agreement had been due to expire in 2016.

ArcelorMittal appoints Scotting mining chief

Fri, 14 Jun 2013 15:31:00 GMT

ArcelorMittal SA has appointed Bill Scotting as chief executive officer of its mining business. He replaces Peter Kukielski, who has resigned.

Scrap price bounce may boost steel: Irepas

Thu, 13 Jun 2013 22:53:00 GMT

Steel producers in Turkey hope that a possible recovery in raw material prices will trigger a similar uptick in the finished steel market, if only in sentiment.

Wheatland, Allied hike fence product prices

Thu, 13 Jun 2013 21:39:00 GMT

Two domestic mills have raised fence prices as a result of a strengthening flat-rolled steel market.

Allied Tube & Conduit makes management changes

Thu, 13 Jun 2013 21:20:00 GMT

Allied Tube & Conduit Corp. has reshuffled its executive team.

Second round of flat-rolled steel hikes begins

Thu, 13 Jun 2013 19:49:00 GMT

At least two major domestic steel mills have increased published sheet prices in a move that market players expect will gain industrywide support.

Nucor predicts year-on-year earnings decline

Thu, 13 Jun 2013 19:05:00 GMT

Nucor Corp. said it expects to see its second-quarter earnings hold largely unchanged from the first quarter but decline from the year-ago period as weak performance in the sheet and structural steel markets is partially offset by stronger plate and raw materials sectors.

Webco posts another sharp decline in quarterly results

Thu, 13 Jun 2013 18:00:00 GMT

Webco Industries Inc. posted a sharp drop in sales and earnings in its fiscal third quarter as it once again experienced lower volume, a less-favorable product mix and weak spot pricing.

ITC votes to keep dumping duties on rebar

Thu, 13 Jun 2013 17:45:00 GMT

The U.S. International Trade Commission voted in the affirmative in a five-year sunset review of anti-dumping duties on steel concrete reinforcing bar from seven nations.

China's finished steel exports fall 2.5% in May vs. April

Thu, 13 Jun 2013 16:06:00 GMT

China’s finished steel exports totaled 5.41 million tonnes in May, down 2.5 percent month on month from 5.55 million tonnes, according to preliminary Chinese customs data.

Brazil concludes probe vs. refractory materials from US

Thu, 13 Jun 2013 15:08:00 GMT

The Brazilian government has ended an anti-dumping investigation into imports of refractory materials from the United States due to insignificant import volumes.

Vallourec marks opening of new OCTG mill

Wed, 12 Jun 2013 22:07:00 GMT

Vallourec SA held the official opening of its new small-diameter oil country tubular goods (OCTG) mill in Youngtown, Ohio, June 12.

Steel sheet market wary of summer slowdown

Wed, 12 Jun 2013 21:40:00 GMT

U.S. sheet market participants continue to report stable buying activity this week, but some are wary about the onset of the traditional summer slowdown.

Universal’s NY plant Nadcap accredited

Wed, 12 Jun 2013 21:36:00 GMT

Universal Stainless & Alloy Products Inc. has attained heat-treat accreditation at its Dunkirk, N.Y., specialty steel facility from the National Aerospace and Defense Contractors Accreditation Program (Nadcap).

Union pension fund sues RG for $6.34 million

Wed, 12 Jun 2013 20:30:00 GMT

A union pension fund is suing RG Steel Holdings LLC for some $6.34 million related to pension payments around the time of the defunct steelmaker’s bankruptcy.

Hot-rolled imports halt as cold-rolled flows in

Wed, 12 Jun 2013 19:14:00 GMT

Traders selling foreign hot-rolled steel into the U.S. market are hoping that the recent price increases by U.S. mills, coupled with domestic labor issues and outages, will revive the lackluster importing sector.

ITC to vote in rebar dumping review

Wed, 12 Jun 2013 19:00:00 GMT

The U.S. International Trade Commission is scheduled to vote June 13 in a five-year review of anti-dumping duties on steel concrete reinforcing bar from seven countries.

Deacero nears inauguration of new steel plant in Mexico

Wed, 12 Jun 2013 17:29:00 GMT

Mexican long steel products producer Deacero SA de CV plans to inaugurate its new plant in the northern state of Coahuila soon.

Brazil pig iron exports slide 55.9% year on year in May

Wed, 12 Jun 2013 16:45:00 GMT

Brazilian pig iron exports plummeted to 100,130 tonnes in May, down 55.9 percent year on year from 227,062 tonnes, due to a weaker international market for the scrap substitute product, according to data from the country’s foreign trade ministry, MDIC.

Evraz NA’s Rehwinkel to retire; Winkler tapped

Tue, 11 Jun 2013 23:52:00 GMT

Michael T. Rehwinkel will retire as president and chief executive officer of Evraz Inc. North America effective July 1, the steelmaker said June 11.

Steel beam demand said in holding pattern

Tue, 11 Jun 2013 23:23:00 GMT

The structural steel market continues to tread sideways, with most buyers anticipating a holding pattern through the third quarter and possibly until the end of the year.

ITA launches probe of stainless pressure pipe imports

Tue, 11 Jun 2013 23:14:00 GMT

The Commerce Department’s International Trade Administration (ITA) has initiated an anti-dumping duty investigation into imports of welded stainless pressure pipe from Malaysia and Thailand from April 1, 2012, to March 31, 2013, and from Vietnam from Oct. 1, 2010, to March 31, 2013.

ITA assesses dumping margins on Korean steel pipe

Tue, 11 Jun 2013 23:11:00 GMT

The Commerce Department’s International Trade Administration (ITA) has issued the final results of an anti-dumping duty administrative review of imports of circular-welded nonalloy steel pipe from South Korea from Nov. 1, 2010, to Oct. 31, 2011.

Steel destocking slows as sheet prices inch up

Tue, 11 Jun 2013 23:07:00 GMT

Purchasing managers indicate that the steel sheet market is inching toward recovery, with destocking reportedly on the decline and mills’ efforts to raise hot-rolled sheet prices said to be gaining some spotty traction.

Rule on securing metal coils likely to stand

Tue, 11 Jun 2013 22:45:00 GMT

The Federal Motor Carrier Safety Administration has renewed the Flatbed Carrier Safety Group’s exemption allowing specific methods for securing metal coils.

NAEP sells piling business to Keller Group for $206M

Tue, 11 Jun 2013 22:40:00 GMT

North American Energy Partners Inc. (NAEP) is selling its piling business to Keller Group Plc for net proceeds of about Canadian $210 million ($206.1 million).

Michigan Steel assets slated for auction

Tue, 11 Jun 2013 22:23:00 GMT

Michigan Steel Inc.’s assets and real estate are slated for auction July 10 after the foundry went into default earlier this year.

JMC celebrates Sharon Tube's official opening

Tue, 11 Jun 2013 22:13:00 GMT

JMC Steel Group Inc. held an official opening ceremony June 11 for its Sharon Tube Co. subsidiary in Wheatland, Pa.

Stainless scrap prices lose more ground

Tue, 11 Jun 2013 21:54:00 GMT

Consumer and broker/processor buying prices for 300-series stainless scrap have fallen again as market participants brace for a particularly slow summer.

Trader Steelcom enters US pipe and tube arena

Tue, 11 Jun 2013 21:48:00 GMT

International trading house Steelcom S.A.M. is growing its steel trading business in the United States to take advantage of expanding pipe and tube demand amid the shale gas boom, the company’s top executive told AMM.

Timken committee to evaluate steel spinoff

Tue, 11 Jun 2013 21:38:00 GMT

Timken Co., whose shareholders voted last month in favor of a nonbinding proposal to spin off its steel business from its other business units, has formed a strategy committee to evaluate the possibility and to review the company’s corporate governance and capital-allocation strategy.

Kurt Orban, investors create SBQ firm

Tue, 11 Jun 2013 20:42:00 GMT

Industry veteran John Foster’s Partners in Steel International LLC has teamed up with a consortium of investors, including trading house Kurt Orban Partners, to form a special bar quality (SBQ) distribution company aimed at serving the energy, automotive, capital equipment and agricultural sectors.

Alpha idles W. Virginia coal mine on demand weakness

Tue, 11 Jun 2013 19:19:00 GMT

Alpha Natural Resources Inc. has idled its mine in Boone County, W.Va., due to challenging market conditions and weak metallurgical coal demand.

Brazil’s long steel imports fall below 60,000 tonnes in May

Tue, 11 Jun 2013 19:12:00 GMT

Long steel imports into Brazil fell by 16 percent year on year in May to less than 60,000 tonnes.

US raw steel production inches up 0.4%

Tue, 11 Jun 2013 17:20:00 GMT

U.S. raw steel output totaled an estimated 1,851,000 net tons last week, up 0.4 percent from 1,844,000 tons the previous week, as mills operated at an average capability utilization rate of 77.3 percent.

Japan manufacturers’ steel orders up

Tue, 11 Jun 2013 16:47:00 GMT

Japanese steel demand is showing more signs of heading for recovery, with manufacturing sector orders rising in April.

Brazil’s slab, billet exports tumble in May

Tue, 11 Jun 2013 15:32:00 GMT

Steel slab exports from Brazil fell by more than 50 percent year on year in May, according to figures from the country’s foreign trade ministry, MDIC.

Ferrous Scrap Index drops less than expected

Mon, 10 Jun 2013 23:18:00 GMT

Midwest ferrous scrap prices outperformed pre-trading speculation this month as late cues from steel mills offered glimpses of a better market.

Russian suspension agreement prices fall

Mon, 10 Jun 2013 22:45:00 GMT

Minimum prices for imported Russian hot-rolled steel under the suspension agreement have fallen 5.04 percent, the third consecutive quarterly decline.

U.S. Steel appoints several new executives

Mon, 10 Jun 2013 22:29:00 GMT

U.S. Steel Corp. has made a number of executive management appointments effective July 1, the company said June 10.

U.S. Steel workers ratify McKeesport plant contract

Mon, 10 Jun 2013 21:23:00 GMT

Members of the United Steelworkers union at U.S. Steel Corp.’s tubular operations in McKeesport, Pa., ratified a new labor contract by a two-to-one margin June 7, a union spokesman told AMM.

Primary stainless prices cede more ground

Mon, 10 Jun 2013 18:41:00 GMT

Primary stainless steel prices have eased further in recent weeks on the back of lower surcharges, with market participants reporting shorter lead times moving into the summer.

Corsa sells 83,000T of clean met coal during fiscal 2d qtr.

Mon, 10 Jun 2013 18:16:00 GMT

North American coal producer Corsa Coal Corp. sold 83,000 tons of clean metallurgical coal in its fiscal second quarter, bringing its year-to-date sales to 119,000 tons.

Carajás producers close pig iron sale with Mexican buyer

Mon, 10 Jun 2013 17:38:00 GMT

Merchant pig iron producers from Brazil’s northern region of Carajás have closed an export deal with a Mexican buyer at $408 per tonne c.f.r., a well-placed source told AMM sister publication Steel First June 7.

Vale still upbeat on China giving Valemax nod

Mon, 10 Jun 2013 17:27:00 GMT

Brazilian miner Vale SA remains optimistic about the likelihood of China accepting its Valemax vessels despite setbacks, a company executive said June 10.

Mexico starts anti-dumping probe vs. Chinese mesh

Mon, 10 Jun 2013 16:42:00 GMT

The Mexican Secretariat of Economy has opened an anti-dumping investigation into imports of galvanized wire mesh from China.

US drilling slips, Canada rises

Mon, 10 Jun 2013 16:01:00 GMT

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

Esmark, Partners in Steel sign SBQ deal

Fri, 07 Jun 2013 23:04:00 GMT

Esmark Steel Group LLC, Chicago Heights, Ill., has entered into an agreement with Partners in Steel International LLC to sell its special bar quality (SBQ) assets as the service center effectively exits the steel bar business.

Steel plate prices soften as summer comes early

Fri, 07 Jun 2013 22:25:00 GMT

U.S. plate tags have continued to soften on the back of increased foreign competition, shortened domestic lead times and uncertainty heading into the typically slower summer months, sources say.

MANA union at Ontario bar mill nixes labor deal

Fri, 07 Jun 2013 20:22:00 GMT

Unionized workers at Max Aicher North America Inc.’s idled Hamilton, Ontario, threaded bar mill have voted against a new labor deal by an overwhelming majority.

Commerce sets duty on stainless plate-in-coil imports

Fri, 07 Jun 2013 20:09:00 GMT

The Commerce Department’s International Trade Administration (ITA) has issued a weighted-average dumping margin of 0.63 percent in a preliminary anti-dumping duty administrative review of imports of stainless steel plate in coil from Belgium from May 1, 2011, to April 30, 2012, by Aperam Stainless Belgium NV and affiliate Aperam Stainless Services & Solutions USA.

ITC says steel rail tie wire imports hurting US industry

Fri, 07 Jun 2013 20:05:00 GMT

The U.S. International Trade Commission affirmed June 7 that there is reasonable indication that imports of prestressed concrete steel rail tie wire from China, Mexico and Thailand could cause injury to the domestic industry.

Brazilian, CIS producers seek options in weak pig iron market

Fri, 07 Jun 2013 18:52:00 GMT

Brazilian and Commonwealth of Independent States (CIS) pig iron producers are looking to adjust their output and marketing strategies in response to challenging market conditions.

Atlas to stay the course on HSS hike: Zekelman

Fri, 07 Jun 2013 18:43:00 GMT

JMC Steel Group Inc. has criticized hollow structural sections (HSS) mills that raised their prices by only $30 per ton, undercutting a leading $50-per-ton increase by JMC subsidiary Atlas Tube Inc.

Mississippi River reopening to traffic after flood

Fri, 07 Jun 2013 17:54:00 GMT

The U.S. Coast Guard and the U.S. Army Corps of Engineers have begun taking steps to get Mississippi River traffic moving again as floodwaters began to recede.

China’s daily crude steel output down 1.4% in late May

Fri, 07 Jun 2013 16:09:00 GMT

China’s daily output of crude steel fell by 1.4 percent from mid-May to 2.154 million tonnes in the last 11 days of the month, according to estimates published by the China Iron & Steel Association (Cisa) on June 7.

Welspun to split noncore assets into separate company

Fri, 07 Jun 2013 16:03:00 GMT

India’s Welspun Corp. plans to split its business in two, with all assets not related to its core steel tube and plate business being spun off into a new company.

Allied Tube labor talks continue

Fri, 07 Jun 2013 14:44:00 GMT

Allied Tube & Conduit Corp. continues to negotiate a new labor contract with unionized workers at its Harvey, Ill., facility, a spokeswoman told AMM in an e-mail.