Steel News

Esmark Announces Management Changes; Delays Restart of Ohio Mill Operations

29 August 2013 - Esmark Inc. announced management changes for its Esmark Steel Group subsidiary to better serve its diverse customer base and streamline service center and mill operations in Chicago and Ohio, respectively. As part of the management realignment, Esmark Inc. chairman and CEO James P. Bouchard will reassume CEO duties of Esmark Steel Group.

Canada Agency Says Removing Import Duties on Hot Rolled Plate Would Lead to More Dumping

28 August 2013 - In an expiry review, the Canada Border Services Agency has determined that allowing antidumping duties on hot rolled steel plate imports from Bulgaria, the Czech Republic and Romania to expire would be likely to lead to continued dumping.

Cliffs Natural Resources Reports on Sustainability Progress

28 August 2013 - Cliffs Natural Resources Inc. announced the release of its 2012 sustainability report, entitled "Embracing our Past, Securing our Future." The sustainability report is a comprehensive look at Cliffs' global operations and outlines the company's progress in key areas of its sustainability strategy.

UAW Members Ratify Labor Agreement for AK Steel's Rockport Works

28 August 2013 - AK Steel said that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company's Rockport, Ind., Works.

Cliffs Announces Long-Term Pellet Supply Contract with AK Steel

28 August 2013 - Cliffs Natural Resources Inc. has entered into a new agreement with AK Steel to supply iron ore pellets from 2014 through 2023.

Schnitzer Steel Provides Outlook for Fourth Quarter of Fiscal 2013

27 August 2013 - Schnitzer Steel Industries, Inc. announced its outlook for its fourth quarter of fiscal 2013 ending 31 August 2013, nothing that export demand for recycled metals weakened versus the third quarter as reflected by lower shipped volumes and lower average sales prices.

AIIS: Imports Inch Up in July as Market Remains Weak Compared to 2012

27 August 2013 - U.S. steel imports increased in July compared to June by 0.6% according to preliminary data released by the government and analyzed by the American Institute for International Steel (AIIS).

Northwest Indiana Steel Fabrication Company Acquires Imperial Steel Tank

27 August 2013 - Refax, Inc., a leading steel fabricator in northwest Indiana for more than three decades, announced its acquisition of Imperial Steel Tank Co. Imperial Steel Tank (IST) fabricates pressure vessels, storage tanks, reactors, heat exchangers and other weldments.

AIST Foundation Announces Junior Faculty Award to Honor Dr. Kent D. Peaslee

26 August 2013 - The Association for Iron & Steel Technology (AIST) Foundation has announced a new award to honor the legacy of the recent AIST president who passed away unexpectedly in May 2013.

TMS International Corp. to Be Acquired in US$1 Billion Transaction

26 August 2013 - TMS International Corp. and The Pritzker Organization, LLC (TPO) announced a definitive merger agreement under which business interests of certain members of the Pritzker family will acquire TMS in an all‐cash transaction valued at approximately US$1 billion, including refinanced third‐party debt.

Preliminary U.S. Steel Imports Increase 1% in July

26 August 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,475,000 tons of steel in July 2013, including 1,956,000 tons of finished steel (up 0.6% and down 0.9%, respectively, vs. June final data).

AISI: Preliminary U.S. Steel Imports Increase 1% in July

26 August 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,475,000 tons of steel in July, including 1,956,000 tons of finished steel (up 0.6% and 0.9%, respectively, vs. June final data).

MesoCoat Inc. Ranked #15 Fastest-Growing Manufacturer

23 August 2013 - Abakan Inc., an emerging leader in the advanced coatings and metal formulations markets, announced that its portfolio company, MesoCoat Inc., has been recognized by Inc. Magazine as one of the fastest-growing companies in the U.S. and has been ranked 15th in the top 100 fastest-growing manufacturing companies in the U.S. on the annual Inc. 500|5000 list.

Post-Gazette: Among U. S. Steel's Assets is 'Profound Science Knowledge,' New CEO Says

23 August 2013 - Incoming U.S. Steel CEO Mario Longhi said the natural gas boom, the automotive market and a comprehensive efficiency project he supervises are major opportunities for the struggling Pittsburgh steel producer, the Pittsburgh Post-Gazette reports.

Felman Production Announces Layoffs

23 August 2013 - Felman Production, LLC, which temporarily suspended operations on 28 June due to challenging ferrosilicomanganese market conditions, announced it has been forced to lay off approximately 100 employees, effective 31 August 2013.

Peabody Energy Names Glenn Kellow President and Chief Operating Officer

23 August 2013 - Peabody Energy announced that the company has named veteran mining executive Glenn Kellow to the position of president and chief operating officer.  He will report to chairman and chief executive officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team.

Axis Pipe and Tube Breaks Ground for Texas Facility

22 August 2013 - On 22 August 2013, officials of Axis Pipe and Tube, Inc., The Prolamsa Group and state and local officials participated in groundbreaking ceremonies in Bryan, Texas, for a new US$150 million pipe and tube facility. 

Bloomberg: JSW Seeks to Sell U.S. Plant as Demand Revives

22 August 2013 - JSW Steel Ltd., India’s third-biggest steelmaker, will consider selling its U.S. mill complex to help reduce debt and boost earnings as a revival in the world’s biggest economy spurs demand, Bloomberg reports.

Report: Judge Splits Verdict in EPA Case Against U. S. Steel

22 August 2013 - The federal government can’t seek to fine U.S. Steel for violations it claims the company made more than 20 years ago to its Gary Works plant, a federal judge ruled Wednesday, but it can seek to force the company to install new controls for pollutants, the Chicago Post-Tribune reported.

AK Steel Reaches Environmental Agreement with U.S. EPA and Kentucky

22 August 2013 - AK Steel has reached an agreement to settle an action brought on behalf of the U.S. Environmental Protection Agency and Commonwealth of Kentucky under the Clean Air Act and other statutes and regulations with respect to AK Steel's former Ashland, Ky., coke plant.  The agreement was reached without admission of the alleged violations by AK Steel. 