Steel News

USITC Makes Decision on Cut-to-Length Carbon Steel Plate

06 December 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping and countervailing duty orders on cut-to-length carbon-quality steel plate from India, Indonesia, and Korea would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The existing orders on imports of these products from Italy and Japan will be revoked as a result of the Commission's negative determinations.

Ryerson Announces Major Expansion of Little Rock Operations

05 December 2011 - Ryerson announced a renovation and expansion of its Little Rock, Ark., service center including the addition of heavy plate leveling, straightening and forming equipment as well as shot-blasting capability.

Lakeside Reports 2nd Quarter Results, Proposed Financings

02 December 2011 - Lakeside Steel Inc. reported a net loss of $7,601,420 on revenue of $47,771,086 for the fiscal 2012 second quarter, and a net loss of $8,694,479 on revenue of $100,799,032 for the six months ended September 30, 2011.

Essar Steel Algoma Launches Community Investment Fund

01 December 2011 - Essar Steel Algoma Inc. has launched a $5 million Community Investment Fund that will provide for corporate contributions to local community charities, foundations and non-profit initiatives.

Vallourec to Build Premium Threading Facility in Youngstown

01 December 2011 - Vallourec announced the advancement of two projects to strengthen its positioning to serve the OCTG markets of North America and the Middle East. In North America, the company will construct a new premium threading facility in Youngstown, Ohio, through its subsidiary VAM USA LLC. In Saudi Arabia, Vallourec recently completed the acquisition of Zamil Pipes.

Ryerson Opens New Long Products Service Center in Houston

01 December 2011 - Ryerson has opened a new service center in Houston, Texas, that is completely devoted to the processing and distribution of long products.

SunCoke Energy Provides 2012 Outlook

30 November 2011 - SunCoke Energy provided an outlook for its business in 2012 including guidance on coke and coal production, earnings, capital expenditures and other key financial measures.

TMS International Receives 2011 Global Slag Environmental Award

30 November 2011 - TMS International’s Jewett, Texas, operation received the 2011 Global Slag Environmental Award from PRo Publications International Ltd. for implementing an environmentally friendly plan to control slag processing emissions and conserve water during the driest 12-month period in Texas since 1895.

CMC to Review Unsolicited Letter from Carl Icahn

29 November 2011 - Commercial Metals comments on the open letter released to the press by Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals at a price of $15.00 per share.

SMS Meer to Replace Hydrostatic Pipe Tester at Berg Steel Pipe

23 November 2011 - Berg Steel Pipe Corp. has placed an order with SMS Meer for the supply, installation, and commissioning of a new hydrostatic pipe tester for longitudinally welded large-diameter pipes at its works in Panama City, Fla.

Preliminary Finished Steel Imports Up 4% in October

23 November 2011 - The U.S. imported a total of 2,192,000 net tons of steel in October, down 3% vs. September final data according to the latest report from AISI. Finished steel imports were up 4% through the same period.

Surma Elected Chairman of AISI

22 November 2011 - The American Iron and Steel Institute Board of Directors has elected U. S. Steel Chairman and CEO John P. Surma as the Chairman of AISI, replacing Nucor Chairman and CEO Daniel R. DiMicco, who served as the Institute’s Chairman for the past 18 months.

Quad Infotech Implements QMOS MES System at Gerdau Whitby Plant

22 November 2011 - Quad Infotech Inc. has completed implementation and commissioning of the QMOS Manufacturing Execution System (MES) at Gerdau’s Whitby plant in Ontario, Canada. This installation is part of Gerdau’s initiative to use QMOS as its corporate manufacturing system.

World Crude Steel Production Rebounds Slightly in October

22 November 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.98 million tonnes for October 2011, 0.3% higher than the 123.57 million tonnes reported for the previous month (September 2011) and 6.2% higher in comparison with October 2010.

AK Steel Announces Stainless Steel Price Increase

18 November 2011 - AK Steel announced plans to increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on January 1, 2012.

Imports of Stainless Pipe and Tube up Substantially in 2011

18 November 2011 - Imports of seamless stainless steel pipe and tube are up substantially in 2011 over the same period in 2010, according to the latest report from the Stainless Steel Tube Trade Advancement Committee.

September Steel Shipments Down 4.3% from August

18 November 2011 - U.S. steel mills shipped 7,947,262 net tons for the month of September 2011, a 4.3% decrease from the 8,304,638 net tons shipped in the previous month according to the latest report from AISI.

ITC to Uphold Duty Orders on Stainless Pipe from Korea, Taiwan

18 November 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping duty orders on welded stainless steel pipe from Korea and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Severstal Columbus Unveils $550 Million Phase II Facility Expansion

18 November 2011 - everstal North America celebrated the Grand Opening of its $550-million Phase II expansion in Columbus, Miss. The expansion included installation of a second EAF, caster, tunnel furnace, hot-dip galvanizing line, and push-pull pickle line.

Optima Specialty Steel to Acquire Niagara LaSalle Corporation

18 November 2011 - Optima Specialty Steel, Inc.,  announced that it has entered into a definitive agreement to acquire 100% of the Niagara LaSalle Corporation.