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Industry
Latest News
AK Steel Announces Price Increase For Carbon Steel Products
27 July 2012 - AK Steel said it will increase current spot market base prices for all carbon flat-rolled steel products by $40 per ton, effective immediately with new orders.
The David J. Joseph Company Announces Organizational Changes
27 July 2012 - The David J. Joseph Company (DJJ), a Cincinnati-based global scrap broker, recycler and logistics provider, recently announced several organizational changes which will take place over the next 30 days.
Harsco Names Railroad Industry Executive to Board of Directors
25 July 2012 - Diversified global industrial services and engineered products company Harsco Corporation announced the election of James F. Earl to the Harsco Board of Directors, effective immediately.
Imports Fall in June on Softening Demand in U.S. Market
25 July 2012 - Total steel imports in June 2012 were 2.592 million tons, according to preliminary data from the U.S. government, compared to 3.064 million tons in May 2012, a 15.4% decrease, and a 4.2% decrease compared to June 2011.
Finished Steel Imports Declined in June, But Up 22% in First Half of 2012
25 July 2012 - The American Iron and Steel Institute reported that the U.S. imported a total of 2,098,000 tons of finished steel in June, resulting in the finished steel import market share of 23% for the month.
AIST Committee Chair Honored with Presidential Award
24 July 2012 - Amy Clarke, chair of the Association for Iron & Steel Technology’s Metallurgy — Processing, Products and Applications Technology Committee, was among 96 researchers honored by President Obama as recipients of the Presidential Early Career Award for Scientists and Engineers, the highest honor bestowed by the U.S. Government on science and engineering professionals in the early stages of their independent research careers.
Vale Names New CFO
24 July 2012 - Vale's Chief Financial Officer Tito Martins is leaving the company and will be replaced by Luciano Siani.
KOCKS PITTSBURGH Appoints New President
23 July 2012 - KOCKS PITTSBURGH CO., a U.S. affiliate of Germany's FRIEDRICH KOCKS GmbH & CO KG, an independent, medium-size, family-owned company that has been successful in mill construction worldwide for more than 60 years, has named Patrick E. Connell as its new president.
SSINA Releases Market Data for April 2012
23 July 2012 - The Specialty Steel Industry of North America has released statistical data on U.S. consumption, imports, and import penetration for YTD April 2012 compared to the same 2011 four month period.
worldsteel Reports June 2012 Crude Steel Production 0.1% Lower Year-on-Year
20 July 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes in June 2012, a decrease of -0.1% compared to June 2011.
Gerdau Announces New CFO
20 July 2012 - Gerdau announced that its Executive Vice President and CFO, Osvaldo Burgos Schirmer, will retire on 31 December 2012, after 26 years of service with the company.
China Appeals Steel Dispute Panel Report at WTO
20 July 2012 - On 20 July 2012, China filed a notice of appeal with the World Trade Organization in dispute case DS414 with the U.S. concerning “countervailing and anti-dumping duties on grain oriented flat-rolled electrical steel from the U.S."
U.S. Commission Votes To Keep Antidumping Duties on Stainless Steel Bar
17 July 2012 - The U.S. International Trade Commission determined that revoking the existing antidumping duty orders on stainless steel bar from Brazil, India, Japan, and Spain would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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.
