Steel News

U.S. Wire Rod Producers Applaud Decision in Trade Case vs. China

19 December 2014 - The U.S. International Trade Commission (ITC) made a final determination that foreign producers of carbon and certain alloy steel wire rod are causing injury to U.S. producers.

SDI Shares Q4 Guidance, Sees Steel Demand Trend Remaining Favorable

18 December 2014 - Steel Dynamics Inc. provided fourth quarter 2014 earnings guidance, noting that it expects both metal spread and shipments to contract due to seasonality and the continuation of elevated import levels.

New Side Guide System from Siemens Reduces Hot Strip Mill Maintenance Costs

18 December 2014 - With the newly developed Eco Slide Disc Solution, Siemens Metals Technologies offers operators of hot strip mills a side guide system which can be adapted to nearly all existing entry guides and elongates the lifetime of wear parts up to 10 times compared to conventional wear plates.

USW Raises Concerns about WTO Decisions on U.S. Countervailing Duty Measures

18 December 2014 - United Steelworkers (USW) International President Leo W. Gerard has expressed deep concern with the WTO Appellate Body and especially its continuing interference in the administration of U.S. trade remedy laws through interpretations of WTO agreements.

European Parliament Urges EU to Step Up Efforts to Help Steel Industry Out of Crisis

18 December 2014 - The EU should step up its efforts to help the steel industry out of the crisis, Members of the European Parliament (MEPs) said in a non-binding resolution voted on 17 December 2014.

NLMK Group Almost Halves Occupational Injuries at Russian Sites

18 December 2014 - As a result of implementing OHS programs, NLMK Group has reduced the amount of injuries at its Russian sites from the beginning of 2014 by 40%. At the Lipetsk site, the decrease was approximately 50% year-on-year.

WARN Notices Expire For 8 Alpha Natural Resources Coal Mines in West Virginia

18 December 2014 - Alpha Natural Resources Inc. operating affiliates announced that the WARN notices for eight coal mines in West Virginia have expired and the mines and their approximately 750 workers will continue to operate.

EUROFER: Strengthening Trend in EU Steel Market Set to Continue in 2015

17 December 2014 - The latest economic surveys show that following a weakening trend in Q3, most indicators have been stabilizing, according to EUROFER.

SunCoke Energy Begins Plan to Downsize Coal Mining Business

17 December 2014 - SunCoke Energy Inc. announced it is executing a phased plan to scale back its Coal Mining business.

USW Members Ratify Labor Agreement for AK Steel's Ashland Works

17 December 2014 - Members of United Steelworkers (USW) Local 1865 have ratified a new 42-month labor agreement covering more than 800 hourly production and maintenance employees at AK Steel’s Ashland, Ky., plant.

Siemens Management System Cuts Energy Costs of Electrostatic Precipitators in Steel Mills

17 December 2014 - With Precon, Siemens Metals Technologies is offering steel works operators an energy management system for electrostatic precipitators in dedusting plants.

Olympic Steel Promotes Gerry Phillips to General Manager of Milford Facility

17 December 2014 - Olympic Steel Inc. announced the promotion of Gerry Phillips to general manager at the company's facility in Milford, Conn.

Metalloinvest, Rosneft Announce Partnership for Lubricant Production

17 December 2014 - Andrey Varichev, CEO of Metalloinvest, and Igor Sechin, president of Rosneft, have signed a strategic partnership agreement in regards to the development of high-quality lubricant production in Russia.

Nucor Provides Guidance on Q4 Perfomance

16 December 2014 - Nucor Corp. announced guidance for its fourth quarter ending 31 December 2014.

TimkenSteel Awards First Class of Scholars US$245,000

16 December 2014 - The TimkenSteel Charitable Fund awarded the first class of TimkenSteel scholars with US$245,000 in scholarship funds.

IREPAS Gives Short Range Outlook for December 2014

16 December 2014 - Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards.

Bradbury Introduces Portable Decoiler for Containerized Roll Former

16 December 2014 - A newly designed BMS powered portable decoiler from the Bradbury Group has been utilized in a recent containerized standing seam line.

AIIS: U.S. Steel Exports Dipped in October

16 December 2014 - U.S. steel exports dipped from September to October 2014 and fell nearly 11% from a year earlier, according to analysis from the American Institute for International Steel (AIIS).

Agency Vote Determines U.S. Industry Injured by Wire Rod Imports from China

15 December 2014 - The United States International Trade Commission (USITC) determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.

Trade Law Group Voices Concerns Over WTO Decision in India Hot Rolled Steel Dispute

15 December 2014 - The Committee to Support U.S. Trade Laws (CSUSTL), a broad coalition committed to preserving U.S. unfair trade laws, expressed serious concerns regarding the World Trade Organization (WTO) Appellate Body report issued on 8 December 2014 in India's challenge of a U.S. countervailing duty order on certain hot-rolled carbon steel flat products.