Steel News

China Escalates U.S. Trade Row, Asks WTO to Judge Dispute

24 August 2012 - In a move that escalates a trade row with the United States, China said it would ask the World Trade Organization (WTO) to adjudicate a dispute over U.S. punitive import duties on 22 Chinese exports, including solar panels and steel products.

JMC Steel Group Hires New Chief Financial Officer

23 August 2012 - JMC Steel Group announced that Michael J. Graham will join the company in mid-September as its chief financial officer.

MRC Global Announces Executive Management Changes

22 August 2012 - MRC Global Inc., the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy and industrial sectors, announced it is combining its Business Development and Supply Chain management into one group and promoting Alan Colonna to lead the combined group as Executive Vice President.

Preliminary July Data Show Large U.S. Import Increases Continuing

21 August 2012 - Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the U.S. imported a total of 2,582,000 tons of steel in July, including 2,028,000 tons of finished steel (down 8% each, respectively, from June final data).

U.S. Commission Votes Not to Sunset Import Duties on German Pipe

21 August 2012 - In the final results of a five-year sunset review, the U.S. International Trade Commission determined that revoking the existing antidumping duty order on certain seamless carbon and alloy steel standard, line, and pressure pipe from Germany would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

World Steel Association Reports July Crude Steel Production 2% Higher Year-on-Year

21 August 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 130 million tonnes in July 2012, an increase of 2.0% compared to July 2011.

Plymouth Tube Names General Manager at Maryland Plant

21 August 2012 - Plymouth Tube Company announced David Crouch as the new General Manager at its Salisbury, Md., seamless stainless steel tubing plant.

Steel Dynamics Appoints James Trethewey and Traci Dolan to Board of Directors

21 August 2012 - Steel Dynamics, Inc. announced that on 16 August 2012, its board of directors, upon the recommendation of its Corporate Governance and Nominating Committee, appointed James A. Trethewey and Traci Dolan to the company's board of directors.

China Precision Steel Announces Resignation of Director

17 August 2012 - China Precision Steel, Inc., a niche precision steel processing company principally engaged in producing and selling high precision, cold-rolled steel products, announced the resignation of Che Kin Lui from the Board of Directors, effective 8 August 2012, due to personal reasons.

NLMK Creates New Position of Executive Vice President

16 August 2012 - NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.

SSINA Releases Market Data for May 2012

15 August 2012 - The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for YTD May 2012.

Canadian Tribunal Initiates Final Inquiry in Standard Pipe Trade Case

15 August 2012 - The Canadian International Trade Tribunal initiated a final injury inquiry respecting the dumping of carbon steel standard pipe imports from the Chinese Taipei, India, Oman, Korea, Thailand, Turkey, and United Arab Emirates.

Canada Agency Makes Affirmative Preliminary Determination in Standard Pipe Unfair Trade Case

13 August 2012 - The Canada Border Services Agency made preliminary determinations of dumping and subsidization of carbon steel welded pipe from several countries including Chinese Taipei, India, Oman, Korea, Thailand, Turkey and the UAE.

AIIS: U.S. Steel Exports Fell in June; Concern about Direction of International Markets

13 August 2012 - U.S. steel exports declined 7.2% in June 2012 compared to May 2012, according to government data analyzed by the American Institute for International Steel (AIIS).

ThyssenKrupp Says It Will Reduce Workforce

13 August 2012 - ThyssenKrupp Steel USA said on 13 August that it will reduce the current workforce of its Calvert, Ala., plant by 197, of which 143 are hourly positions.

Timken Announces New Appointments

13 August 2012 - The Timken Company announced the appointment of Kevin Beck to assistant treasurer for Corporate Treasury. In addition, Paul Locke has been named controller for Aerospace and Defense.

TMK IPSCO to Move Corporate Headquarters to Houston

13 August 2012 - TMK IPSCO, the North American division of global pipe manufacturer TMK, will be moving its corporate headquarters from Downers Grove, Ill. to Houston, Texas. TMK IPSCO’s long-term strategy is to drive growth in the oil and gas markets.