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Latest News

Canadian International Trade Tribunal Initiates Expiry Review of Seamless Well Casing

27 June 2012 - The Canadian International Trade Tribunal initiated an expiry review of its finding made on 10 March 2008, in Inquiry No. NQ-2007-001, concerning the dumping and subsidizing of seamless carbon or alloy steel oil and gas well casing from China.

Tata Steel to Assess Market Demand Before Relighting Port Talbot Furnace

26 June 2012 - Tata Steel said it may delay relighting the No. 4 blast furnace at Port Talbot, Wales, if market demand towards the end of the year does not justify immediate production.

U.S. Stainless Steel Consumption Declined in YTD March 2012

25 June 2012 - The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for the first quarter of 2012.

Optima Specialty Steel Appoints Industry Veteran John Goodish to Board of Directors

25 June 2012 - Optima Specialty Steel, Inc., one of North America’s leading independent manufacturers of high quality cold drawn seamless tubes and cold finished steel bars, announced that it has appointed John H. Goodish as an independent director of the company, effective 5 June 2012.

2012 Awards for Steel Excellence Winners Announced

22 June 2012 - American Metal Market (AMM) recently announced the winners of this year's Awards for Steel Excellence.

World Steel Dynamics Publishes 2012 List of World-Class Steelmakers

22 June 2012 - World Steel Dyanamics published its annual World-Class Steelmakers list.

CISC Announces Winners of the 2012 National Steel Design Awards

22 June 2012 - The Canadian Institute of Steel Construction (CISC) announced the winners of its biennial National Steel Design Awards competition during its Annual General Meeting & Convention in Ottawa last week.

Rio Tinto Takes Next Steps in its Iron Ore Development Plans

21 June 2012 - Rio Tinto is taking the next steps in its phased investment program by committing US$4.2 billion to develop its tier one iron ore business.

World Steel Association Reports Global Output 0.7% Higher Year-on-Year in May

20 June 2012 - World crude steel production for the 62 countries reporting to the World Steel Association was 131 million tonnes in May 2012, an increase of 0.7% compared to May 2011.

ArcelorMittal to Idle Another Two European BFs

20 June 2012 - ArcelorMittal will idle two European blast furnaces in the third quarter to perform furnace relines.

Steel Market Development Institute’s Automotive Applications Council Wins Steel Excellence Award

20 June 2012 - The Steel Market Development Institute's Automotive Applications Council was pleased to receive the American Metal Market magazine's 2012 Steel Excellence Award in the environmental responsibility / stewardship category for its role in the global FutureSteelVehicle (FSV) project.

AISI: New International Trade Crossing Is Product of Innovative Joint Agreement Between the U.S. and Canada

18 June 2012 - The American Iron and Steel Institute (AISI) lauded an agreement between the U.S. and Canada to build the New International Trade Crossing bridge, a development that the North American steel industry and its major customers groups have aggressively advocated for over the past five years.

AK Steel Applauds WTO Decision That Chinese Duties Were Unjustified

18 June 2012 - AK Steel applauded the decision of a dispute settlement panel at the World Trade Organization that China had no legal basis to impose antidumping and countervailing duties on imports of grain oriented electrical steel from the U.S. beginning in December 2009.

American Iron and Steel Institute Releases 2011 Annual Statistical Report

15 June 2012 - The American Iron and Steel Institute announced the release of its 2011 Annual Statistical Report, which provides statistical data for the United States steel industry plus a variety of selected statistical data on the Canadian, Mexican and world steel industries.

World Stainless Production Shrank Slightly in First Quarter

14 June 2012 - The International Stainless Steel Forum (ISSF) released preliminary data showing that stainless steel production shrank by 2.8% in the first three months of 2012. Total production was 8.6 million tonnes for the quarter, down from 8.8 million tonnes in the corresponding period of 2011. All areas showed a decrease in production in the year-on-year comparison.

USITC Upholds Import Duties on Certain Pipe and Tube After Five-Year Sunset Review

14 June 2012 - The U.S. International Trade Commission (USITC) determined that revoking the existing countervailing duty order on certain circular welded pipe and tube from Turkey and the antidumping duty orders on these products from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Nucor Announces Guidance for Its Second Quarter Earnings

13 June 2012 - Nucor Corporation announced guidance for its second quarter ending June 30, 2012. Nucor expects second quarter results to be in the range of US$0.35 to $0.40 per diluted share. This performance, excluding an expected impairment charge, is somewhat below the qualitative guidance presented in its first quarter earnings release and conference call.

Canacero Monitoring Unfair Steel Imports into Mexico

13 June 2012 - Mexico's steel and iron ore association, Canacero, has started to monitor steel imports through a new program which aims to detect and fight unfairly undervalued transactions.

Mechel Reports New Management Appointments

13 June 2012 - Mechel OAO has appointed Sergei Zhilyakov as the CEO of Mechel Ferroalloys Management OOO. The predecessor at this post, Gennady Ovchinnikov, was appointed CEO of Donetsk Electrometallurgical Plant, also part of Mechel.

2011–2013 FeMET, StEEL and Premier Scholarships Awarded

12 June 2012 - The American Iron and Steel Institute (AISI) and the Association for Iron & Steel Technology Foundation's "Ferrous Metallurgy Education Today," or FeMET Initiative, and "Steel Engineering Education Link," or StEEL Scholarship program, both aimed at attracting top talent to the North American steel industry, have awarded scholarships of US$5,000 to third-year students from leading North American colleges for the 2011–2013 academic years.

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