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Latest News

EUROFER: Weak Confidence, Cash and Credit Issues Backfire on EU Steel Demand

16 July 2012 - EUROFER’s third quarter 2012 steel market outlook signals that market fundamentals may remain depressed longer than expected. Only from the second quarter of 2013 onwards is EU steel demand forecast to improve again, the European Steel Association (EUROFER) said this week.

Trade Tribunal Inquiry Indicates Injury to Canadian Industry in Welded Pipe Case

16 July 2012 - The Canadian International Trade Tribunal determined there is a reasonable indication that the alleged dumping of certain carbon steel welded pipe from seven countries and the subsidization of the above-mentioned goods from three countries have caused injury or retardation or are threatening to cause injury to the domestic industry.

India Escalates U.S. Steel Duties Dispute at WTO

13 July 2012 - India has asked the World Trade Organization to set up a panel to adjudicate on its dispute with the United States over U.S. duties on some imports of Indian steel products, the WTO said on Friday.

Rio Tinto Announces Management Changes

12 July 2012 - Rio Tinto announced several management changes. Its CFO will retire at the end of 2013; a successor has yet to be appointed.  Three other roles on the executive committe are also changing.

Steel Stud Manufacturing Association Announces New Technical Director

09 July 2012 - The Steel Stud Manufacturers Association (SSMA) announced the appointment of Rahim Zadeh, P.E. as its Technical Director.

U.S. Imports Fell 5% in June, But Import Market Share Remained at 24%

06 July 2012 - The American Iron and Steel Institute reported steel import permit applications for the month of June totaled 2,796,000 tons - a 5% decline from May import levels.

NLMK Temporarily Reducing Pig Iron Production

06 July 2012 - NLMK announced it is idling the No. 2 blast furnace at its Lipetsk plant for a period of 60 days beginning today due to a deterioration in demand for pig iron in Russia and abroad.

U.S. ITC Votes to Expedite Sunset Review of Duties on Seamless Pipe from Germany

06 July 2012 - The U.S. International Trade Commission (ITC) has voted to expedite its five-year "sunset" review concerning the antidumping duty order on certain seamless carbon and alloy steel standard, line, and pressure pipe from Germany.

TMK Announces New Executive Appointments

05 July 2012 - TMK, one of the world's leading producers of tubular products for the oil and gas industry, has appointed Vladimir Oborsky as CEO of Trade House TMK and Andrei Parkhomchuk as Senior Vice President of Trade House TMK.

Canadian Tribunal Makes Preliminary Ruling in Trade Case Against Chinese Pipe Piling

05 July 2012 - The Canadian International Trade Tribunal (CITT) make a split determination in the preliminary results of its findings in a trade case against Chinese pipe piling imports.

Federal Government to Support Laid-Off Sparrows Point Workers with $3 Million in Assistance

05 July 2012 - The U.S. Department of Labor has awarded $3 million in National Emergency Grant (NEG) funding to provide employment related services to approximately 885 workers affected by closure of the RG Steel Sparrows Point Mill in Baltimore.

Essar Steel Algoma Announces 2012 Scholarship of Excellence Recipients

02 July 2012 - Essar Steel Algoma announced this year's recipients for the prestigious Scholarship of Excellence Program.  The program strives to give local students an academically and personally rewarding growth opportunity.

CMC Appoints John Elmore SVP and President of CMC International

02 July 2012 - Commercial Metals Company announced that effective today, Mr. John Elmore has been selected to serve as Senior Vice President of the company and President of the company's International division, succeeding Mr. Hanns Zollner who will retire as of 1 January 2013.

Steel Joist Institute Issues Call for Entries for 2012 Design Awards

02 July 2012 - The Steel Joist Institute is excited to announce call for entries for the 2012 Design Awards. Winning entries will receive a $2000 scholarship created in their company's name for the school of their choice.

U.S. Steel Announces New Executive Appointments

02 July 2012 - The United States Steel Corporation's Board of Directors has elected Mario Longhi to the position of executive vice president and chief operating officer. The company also announced the appointments of George F. Babcoke, Douglas R. Matthews and Michael S. Williams to the company's executive management committee.

MMFX Steel Appoints Technical Sales Manager

02 July 2012 - MMFX Steel Corporation of America has hired Recto (Jon) Colinares to serve as Technical Sales Manager. Mr. Colinares will provide engineering support as well as direct sales of MMFX2 corrosion-resistant and high-strength concrete reinforcing steel products.

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