Steel News

Steel Institute Applauds Decision to Revoke Russian Steel Agreement

22 October 2014 - The American Iron and Steel Institute (AISI) applauded the Department of Commerce’s (DOC) decision to revoke the outdated “suspension agreement” with Russia, which has prevented antidumping duties from being imposed on imports of hot-rolled steel from that country to the U.S.

ATI Announces Q3 2014 Results; Outlook Bright

22 October 2014 - As it reported its third quarter 2014 results, Allegheny Technologies Inc. said is is seeing a lot of global uncertainty in short cycle markets and expects to see cautious inventory management in the short term.

SSAB Launches Unique Steel with Guaranteed Flatness after Laser Cutting

22 October 2014 - SSAB's Laser Plus is a totally new generation of steels for laser cutting that comes with unique guarantees: maximum flatness deviation of 3 mm/m after laser cutting and bending radius of 0–1.5 x the material thickness.

Quaker Chemical Develops Fire-Resistant Grease for Hot Mills

21 October 2014 - Quaker Chemical has developed a fire-resistant grease to be used on the roller bearings in hot mills to reduce the amount of slag fires.

World Crude Steel Production Down Slightly Y-o-Y in September

21 October 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes (Mt) in September 2014, a slight decrease of -0.1% compared to September 2013.

SDI Optimistic As It Announces Q3 Results

21 October 2014 - Steel Dynamics Inc. announced its results for the third quarter of 2014, including a short-term outlook.

Samuel to Open Large-Scale Facility in Tennessee for Growing Auto Market

21 October 2014 - Bill Chisholm, president & CEO of Samuel, Son & Co., announced plans to open a new Samuel facility in the Southern U.S. which will deliver the capacity and capabilities beyond any other metal service center in the region.

Harsco Names New CFO

21 October 2014 - Diversified global industrial company Harsco Corp. announced the appointment of Peter F. Minan as chief financial officer, effective 11 November 2014.

worldsteel Announces 9th steelChallenge Launch Date

20 October 2014 - The World Steel Association (worldsteel) announced that the steelChallenge-9 will begin with the regional championship round on 19 November 2014 and will finish with the world championship round on 11 February 2015.

Cliffs Natural Resources Appoints Susan Green to Board of Directors

20 October 2014 - Cliffs Natural Resources Inc. has appointed Susan M. Green to its Board of Directors, effective 15 October 2014.

OSHA Cites Kloeckner Metals for 1 Repeat, 3 Serious Violations

17 October 2014 - An employee was severely injured when he became caught in unguarded arbor rollers at Kloeckner Metals Corp. on 22 April 2014. The U.S. Department of Labor's Occupational Safety and Health Administration has cited the Cincinnati manufacturing plant with one repeat and three serious safety violations, carrying proposed penalties of US$56,000.

SteelBenchmarker: HRB Prices Continue Downward

17 October 2014 - In its 205th report, the SteelBenchmarker released 10 steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 13 October 2014.

MSCI: North American Service Center Growth Resumes in September

17 October 2014 - Year-over-year growth in steel and aluminum service center shipments resumed in September 2014 in both the United States and Canada, according to the Metals Service Center Institute (MSCI).

PwC US Announces New Leaders in Industrial Products Practice

17 October 2014 - PwC US announced four new industry leaders in the firm’s Industrial Products practice, effective immediately.

Insteel Gives Quarterly Update, Provides Outlook

16 October 2014 - Insteel Industries Inc. announced financial results for its fourth quarter and fiscal year ended 27 September 2014.

Steel Institute Applauds Rebar Imports Decision

16 October 2014 - The American Iron and Steel Institute (AISI) issued the following statement on behalf of its U.S. producer members regarding the affirmative determination by the International Trade Commission (ITC) on rebar imports:

Import Duties to be Placed on Rebar from Mexico, Turkey After U.S. Agency Vote

15 October 2014 - The United States International Trade Commission determined that a U.S. industry is materially injured by reason of imports of steel concrete reinforcing bar from Mexico that are sold in the United States at less than fair value and from Turkey that are subsidized by the government of Turkey.

Essar Steel Algoma Reports Increases in Shipments, Earnings

14 October 2014 - Essar Steel Algoma Inc. reported today CA$85.2 million in EBITDA for the three month period ended 30 September 2014.

Olympic Steel Names General Manager and Purchasing Manager of Winder Division

14 October 2014 - Olympic Steel Inc. announced the promotion of Ty Deinema to the position of general manager — Winder Division. Also, Aaron Nichol takes on the role of purchasing manager, in addition to his duties as division sales manager at the company's Winder Division.

ATI Announces Flat Rolled Products Leadership Transition

13 October 2014 - Allegheny Technologies Inc. announced that Terry L. Dunlap, executive vice president, ATI Flat Rolled Products Group, has announced his decision to retire from ATI effective 31 December 2014, and that Robert S. Wetherbee, president, ATI Flat Rolled Products, will succeed Mr. Dunlap as executive vice president of the group effective 1 January 2015.