Steel News

Finished Steel Imports up 13% in March

05 April 2012 - The U.S. imported a total of 3,144,000 net tons of steel in March, up 22% from February final data, according to the latest report from AISI. Finished steel imports were up 21% over the same period.

Severstal NA, UAW Reach Tentative Agreement on New Labor Agreement

04 April 2012 - Severstal North America and United Auto Workers (UAW) Local 600 have reached a tentative agreement on a new five-year labor pact. The company expects ratification of the agreement to be completed shortly.

Steel Technologies to Expand Operations in Mexico

04 April 2012 - Steel Technologies LLC has secured land in the municipality of Celaya, Mexico, to construct its recently announced flat-rolled steel processing operation. The new 125,000-square-foot facility will be equipped with two slitting lines as well as space for additional equipment.

Timken Launches New Ultrasonic Inspection Line at Faircrest

03 April 2012 - The Timken Co. has completed its ultrasonic test (UT) inspection line at its Faircrest Steel Plant in Canton, Ohio. This $5 million investment increases Timken’s large-bar finishing capacity and helps ensure large-bar sound-center quality.

JMC Steel Completes Acquisition of Lakeside

02 April 2012 - JMC Steel Group, Inc. and Lakeside Steel Inc. have completed Lakeside's statutory plan of arrangement under the Business Corporations Act (Ontario). The Ontario Superior Court of Justice issued a final order approving the arrangement on March 29, 2012.

AK Steel's Zanesville Works Recognized for Outstanding Safety Performance

02 April 2012 - The Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene has recognized AK Steel's Zanesville Works for Outstanding Safety Performance.

Worthington Reports Third Quarter Fiscal 2012 Results

30 March 2012 - Worthington Industries, Inc. reported net sales of $611.3 million and net earnings of $25.9 million, or $0.37 per share, for its fiscal 2012 third quarter ended February 29, 2012. In last year's third quarter, the company reported net sales of $569.4 million and net earnings of $26.3 million, or $0.35 per share.

Commercial Metals Reports Improved Second Quarter Earnings

29 March 2012 - Commercial Metals Co. reported net earnings of $28.9 million, or $0.25 per diluted share, on net sales of $2.0 billion for the second quarter ended February 29, 2012. This earnings performance is a significant improvement over the net loss of $46.2 million, or $0.40 per share, reported in last year's second quarter with sales of $1.8 billion.

Severstal North America Debuts New Culvert Mobile App

29 March 2012 - Severstal North America introduced its new Culvert mobile application, which is designed to help corrugated steel pipe professionals work faster and smarter. It is available for Apple iOS and Android devices.

AK Tube Plants Recognized for Safety Performance

29 March 2012 - The Columbus, Ind., and Walbridge, Ohio, plants of AK Tube LLC have each received the "Safety Award of Merit" from the Fabricators and Manufacturers Association, International (FMA), a leading trade organization that serves the metal forming and fabricating industry.

Shale-Inland Completes Industrial Pipe, Valves and Fittings Acquisition

29 March 2012 - Shale-Inland Holdings, LLC has completed its acquisition of the Industrial Pipe, Valves and Fittings business (IPVF) of HD Supply, Inc., and the IPVF companies have been combined with Main Steel and Shale-Inland Stamping & Fabricating.

Commerce Delivers Mixed Preliminary Ruling on Welded Steel Pipe from Multiple Countries

28 March 2012 - The Department of Commerce announced its affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of circular welded carbon-quality steel pipe from India and Vietnam, and its negative preliminary determinations in the CVD investigations of imports of such steel pipe from Oman and the United Arab Emirates.

Preliminary Steel Imports Decline 5% in February

28 March 2012 - The U.S. imported a total of 2,689,000 net tons of steel in February, down 5% from January final data, according to the latest report from AISI. Finished steel imports were down 7% through the same period.

Lakeside Shareholders Approve Arrangement

27 March 2012 - Lakeside Steel announced that Lakeside stockholders approved the previously announced plan of arrangement for the acquisition of the company’s common shares by 2312522 Ontario Inc., a wholly owned subsidiary of JMC Steel Group, Inc.

Commerce Initiates AD, CVD Investigations of Drawn Stainless Sinks from P.R. China

23 March 2012 - The Department of Commerce (Commerce) announced the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations of imports of drawn stainless steel sinks from P.R. China.

Northwest Pipe Receives Nasdaq Notice for Late Filing of Form 10-K

23 March 2012 - Northwest Pipe has received notice from the Nasdaq Stock Market that the company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file its Annual Report on Form 10-K for the year ended December 31, 2011.

Commerce Finds Dumping, Subsidization of Galvanized Wire from P.R. China, Mexico

22 March 2012 - The Department of Commerce has made affirmative final determinations in the countervailing (CVD) and antidumping duty (AD) investigations of imports of galvanized steel wire from P.R. China (AD and CVD) and Mexico (AD).

TMK Ipsco Begins Development of New Premium Facility in Canada

22 March 2012 - TMK Ipsco has begun development of a new 33,000 square-foot pipe threading and service facility in Edmonton, Alta., Canada. The facility will thread a full range of ULTRA™ Premium connections and will offer a full line of accessories, services and repairs.

Allegheny Technologies Reports Management Changes in Engineered Products Segment

22 March 2012 - Allegheny Technologies Incorporated announced the promotion of Michael L. Cleppe to the position of President, Engineered Products Group, effective April 1, 2012. His promotion is the result of the recent announcement of David M. Hogan’s retirement.

February World Crude Steel Production Up 1.9% vs. February 2011

21 March 2012 - World crude steel production for the 59 countries reporting to the World Steel Association stood at 119.2 million tonnes for February 2012, 1.9% higher in comparison with February 2011 and 2.1% higher than the previous month, January 2012.