Steel News

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.

January ’12 Steel Shipments up Over 5% From December

20 March 2012 - U.S. steel mills shipped 8,497,932 net tons for the month of January 2012, a 5.1% increase from the 8,085,761 net tons shipped in the previous month, December 2011 according to the latest report from AISI.

Service Center Growth Momentum Increases in February

20 March 2012 - February service center shipments of aluminum and steel were up sharply from the same month in 2011 in both the U.S. and Canada, with inventory positions remaining constant in the U.S. and deteriorating only slightly in Canada, according the latest report from MSCI.

Steel Dynamics Provides First Quarter Earnings Guidance

19 March 2012 - Steel Dynamics provided first quarter 2012 guidance, indicating that earnings are expected to be in the range of $0.15 to $0.20 per diluted share. Estimated earnings reflect expenses, net of interest cost savings, associated with the company's financing activities which occurred in January.

ATI Launches New Customer-Focused Enterprise Website

19 March 2012 - Allegheny Technologies has launched a new enterprise website that brings together information on ATI’s products and services into a single, searchable site.

Nucor Announces Guidance for First-Quarter Earnings

16 March 2012 - Nucor Corp. expects Q1 results to be in the range of $0.30 to $0.35 per diluted share, performance consistent with the qualitative guidance presented in the company’s fourth quarter of 2011 earnings release and conference call.

AK Steel Announces Carbon Steel Price Increase

15 March 2012 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products.

Don B. Daily Memorial Fund Accepting Proposals for 2012–2013

15 March 2012 - The Steel Manufacturers Association and the Association for Iron & Steel Technology Foundation have partnered to commemorate the life and industry service of Don B. Daily by establishing the Don B. Daily Memorial Fund.

FeMET Initiative Accepting Proposals for 2012–2013 Grants

15 March 2012 - The AISI and the AIST Foundation’s ‘Ferrous Metallurgy Education Today,’ or FeMET Initiative, is now accepting Design and Curriculum Development grant proposals for the 2012–2013 school year.

Stainless Imports up 18% Through YTD December 2011

15 March 2012 - Imports of total stainless steel in YTD December 2011 totaled 782,838 tons, an 18.1% increase compared to YTD December 2010, according to data from the Specialty Steel Industry of North America. Imports of total specialty steel increased 19.8% in YTD December 2011, to 1,008,750 tons, compared to the same period a year ago.

Evraz Completes Preliminary Studies on New Facilities That Can Recover Vanadium from Slag

15 March 2012 - Evraz Stratcor, Inc., an EVRAZ subsidiary, has completed engineering work and cost estimates on proposed new facilities at its Hot Springs, Ark., plant that can recover vanadium from steelmaking slag.

AISI Applauds WTO Complaint against China for Illegal Export Restrictions

14 March 2012 - The American Iron and Steel Institute applauds the decision of the United States, the European Union and Japan, to hold China accountable for its illegal restrictions on exports of tungsten and molybdenum, as well as rare earth elements.

Metals USA Acquires Gregor Technologies

14 March 2012 - Metals USA Holdings Corp. has acquired Torrington, Conn., based Gregor Technologies, LLC, a provider of high-quality custom-crafted parts and assemblies and tailored solutions to OEM customers in several attractive end markets.

United States Steel Announces Pricing of Senior Notes Offering

13 March 2012 - United States Steel Corp. announced the pricing of its public offering of $400,000,000 aggregate principal amount of 7.500% Senior Notes due 2022 at 100% of the principal amount.

Government of Canada Supports Ivaco Rolling Mills Upgrade

13 March 2012 - Government of Canada funding will help support the expansion of Ivaco Rolling Mills that will allow the company to increase its production of steel billets by 225,000 tons annually and to produce different grades and higher quality steel billets.

UAW Members Ratify Early Labor Agreement for Zanesville Works

13 March 2012 - AK Steel announced that members of the United Auto Workers (UAW), Local 4104, have ratified a new three-year labor agreement at the company's Zanesville, Ohio, Works.

Winning Designs Selected for Steel Wheel Design Competition

12 March 2012 - The Wheels Task Force of the Steel Market Development Institute and Michelin recently announced the scholarship winners of Lawrence Technological University’s Steel Wheel Design Competition. For the second year in a row, Colin Bonathan won first place and was awarded a $2500 scholarship.