Steel News

U.S. Steel Exports Rise Slightly in June

12 August 2014 - Exports of U.S. steel products held steady in June 2014, as increases to minor trading partners offset decreases to the North American Free Trade Agreement (NAFTA) countries.

Steelworkers Ratify Contract at PSC Metals, Ending Lockout

12 August 2014 - The United Steelworkers (USW) said that the members of USW Local 3610-02 have ratified a new, three-year agreement with PSC Metals, ending the company's lockout after six months.

U. S. Steel General Counsel Named One of Best General Counsels

11 August 2014 - United States Steel Corporation announced that Suzanne Rich Folsom, general counsel and senior vice president – governmental affairs, has been named a Best General Counsel by The Ethisphere Institute in their annual list of "Attorneys Who Matter."

Northwest Pipe Expects Low Margins as High Import Levels Impact Line Pipe Market

11 August 2014 - Northwest Pipe Company announced its financial results for the quarter ended 30 June 2014.

AK Steel Applauds Enactment of Highway and Transportation Funding Act

11 August 2014 - AK Steel is applauding the enactment of the Highway and Transportation Funding Act, legislation that is vital to maintaining and improving America's infrastructure — much of which is made with steel.

Union Workers Locked Out of ArcelorMittal Contrecoeur Plant

08 August 2014 - The United Steelworkers (USW)/Syndicat des Métallos is condemning ArcelorMittal's lockout at its Contrecoeur-Ouest plant in Quebec, Canada, imposed Wednesday, 6 August 2014 at 10:30 p.m.

Olympic Steel Reports Record Net Sales

08 August 2014 - Olympic Steel, Inc., a national metals service center, announced financial results for the second quarter and six months ended 30 June 2014.

Alpha Natural Resources Downsizing West Virginia Mining Operations

08 August 2014 - Eight operating affiliates of Alpha Natural Resources, Inc. have notified their employees that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry.

AISI Releases July SIMA Imports Data, Import Market Share at 28% in July

08 August 2014 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of July total 3,781,000 net tons.

Lourenco Goncalves Appointed Chairman, President and CEO of Cliffs Natural Resources

07 August 2014 - Cliffs Natural Resources Inc. announced that the Company's Board of Directors has appointed Lourenco Goncalves to the positions of chairman, president and chief executive officer, effective immediately.

Plibrico Names New VP of Sourcing and Product Development

07 August 2014 - Plibrico Company LLC is pleased to welcome Justin Teiken as the new vice president of sourcing and product development.

SMDI Taps GM's Dr. Hall as Head of Automotive Programs

07 August 2014 - The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), announced that Dr. Jody N. Hall, former technical integration engineer at General Motors Company Global Body Manufacturing Engineering Center in Warren, Mich., will succeed Ronald P. Krupitzer as vice president automotive market for the Institute. Krupitzer, who has held the position for 13 years, will retire at the end of the year.

ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements

05 August 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.

Universal Stainless Earnings Boosted by Increasing Demand from Aerospace

05 August 2014 - Universal Stainless & Alloy Products Inc. reported that net sales for the second quarter of 2014 were US$52.3 million, an increase of 12% from the first quarter of 2014 and 22% higher than the second quarter of 2013.

voestalpine Significantly Improves Results in First Quarter of 2014/15

05 August 2014 - “Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.

Nucor Executive VP Keith Grass To Retire; Joe Stratman to Assume Responsibilities

04 August 2014 - Keith Grass, Nucor's executive vice president of raw materials and chief executive officer of The David J. Joseph Company (DJJ), plans to retire effective 12 September 2014.

Harsco Names CEO and Non-Executive Board Chairman

04 August 2014 - Harsco Corp. announced the completion of its previously announced executive leadership plans with the appointment of F. Nicholas Grasberger as the company's president and chief executive officer, effective immediately.

ArcelorMittal Increases Steel Demand Forecast for Europe and U.S.

04 August 2014 - ArcelorMittal announced results for the three and six month periods ended 30 June 2014.

SMA Applauds Senate Passage of Highway Trust Fund Bill

04 August 2014 - The Steel Manufacturers Association (SMA) commends the U.S. Senate for passing H.R. 5021 and funding the Highway Trust Fund with US$11 billion through May 2015.

Gerdau Sees Continued Demand Growth in North America

01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.