Steel News

ArcelorMittal Indiana Harbor Granted DOE Funding

12 November 2009 - The U.S. Department of Energy is awarding ArcelorMittal Indiana Harbor funding for its No. 7 Blast Furnace Gas Flare Capture project, which includes the installation of an efficient recovery boiler that uses waste blast furnace gas to produce electricity and steam onsite.

Tata Steel, New Millennium Enter Joint Venture Agreement

11 November 2009 - Tata Steel Global Minerals Holdings enters into Joint Venture Agreement with New Millennium Capital and LabMag Limited Partnership for development of the Direct Shipment Ore Project in Canada.

Commercial Metals to Realign Organization

11 November 2009 - Commercial Metals Co. has announced a realignment in its segment reporting structure within its major operational units, the CMC Americas Division and the CMC International Division, effective December 1.

ITC to Uphold Duties, Finding on PC Wire Strand from Six Countries

11 November 2009 - The U.S. ITC will uphold the existing countervailing duty order on prestressed concrete steel wire strand from India, and antidumping duty orders on this product from Brazil, India, Korea, Mexico, and Thailand, as well as an existing antidumping duty finding on this product from Japan.

CMC Alabama Starts up Motank System for Remote Slag Door Cleaning

10 November 2009 - CMC Alabama commissions a MOTANK system from MORE srl for remote-controlled slag door cleaning in its 80-ton EAF.

Nucor Seattle Awards Shear Automation Contract to Russula

10 November 2009 - Russula will supply new automation for Nucor Seattle’s three shears, including the conversion of two loop scanners to Delta scanners.

Gerdau Ameristeel Reports Net Loss in 3Q

09 November 2009 - Gerdau Ameristeel reports a net loss of $25.4 million for the three months ended September 30, compared to net income of $316.9 million for the same period in 2008.For the nine-month period, the company incurred a net loss of $115.6 million compared to net income of $742.0 million a year ago.

U. S. Steel Tubular Announces 2009 Chief Roughneck Award

06 November 2009 - U. S. Steel Tubular Products, Inc. announces Harold Korell, Executive Chairman of the Board of Directors of Southwestern Energy, as the recipient of its Chief Roughneck Award for 2009.

U.S. Commerce Department to Impose Preliminary Duties on OCTG from China

06 November 2009 - The U.S. Department of Commerce preliminarily determines that oil country tubular goods from P.R. China are being sold or are likely to be sold in the United States at less than fair value, as provided in section 733 of the Tariff Act of 1930, as amended.

AK Steel Honored for Technical Research Paper

05 November 2009 - AK Steel has received the 42nd Outstanding Author Award from the Galvanizers Association for a technical paper entitled “Furnace Atmosphere Monitoring at AK Steel Coating Lines.”

Steel Import Permits Rise 16% in October

05 November 2009 - Steel import permit applications reached 1,491000 net tons for the month of October, a 16% increase from the 1,283,000 permit tons recorded in September 2009 according to the latest report from AISI.

Carpenter Technology Reports 1st Quarter Results

04 November 2009 - Carpenter Technology reports a net loss of $9.3 million on net sales of $233.7 million for the fiscal first quarter ended September 30, 2009.

United Spiral Pipe Dedicates New Facility

04 November 2009 - United Spiral Pipe, a joint venture of U.S. Steel, Posco, and SeAH Steel, recently dedicated its new spiral welded pipe manufacturing facility in Pittsburg, Calif., that will produce 300,000 net tons of line pipe per year at its peak.

Universal Stainless Reports Profitable 3rd Quarter 2009 Results

03 November 2009 - Universal Stainless & Alloy Products reports net income of $312,000 on sales of $25.3 million for the third quarter and a net loss of $3.9 million on sales of $98.2 million for the first nine months of 2009.

AISI Thanks EPA, Congress for Regulations Compromise

03 November 2009 - The American Iron and Steel Institute thanks the U.S. Environmental Protection Agency and Congress for working with the Lake Carriers Association and its member companies on compromise regulations for large vessels sailing on the Great Lakes.

AK Steel Announces December 2009 Surcharges

03 November 2009 - AK Steel will add a $185 per ton surcharge to invoices for electrical steel products shipped in December 2009.

U.S. Steel Announces Executive Changes

03 November 2009 - United States Steel recently announced several executive-level leadership changes. Vice President-Supply Chain & Customer Service John C. Price will retire effective November 30; Anton Lukac will assume his position. Anthony R. Bridge will succeed Lukac.

ITC Votes to Continue Cases on Seamless Pipe from China

02 November 2009 - The U.S. International Trade Commission determines there is reasonable indication that a U.S. industry is threatened with material injury by reason of imports of certain seamless carbon and alloy steel standard, line, and pressure pipe from China that are allegedly subsidized and sold in the U.S. at less than fair value.

Commercial Metals Reports 4th-Quarter, Full-Year Profits

02 November 2009 - Commercial Metals reported net earnings of $7.2 million on net sales of $1.5 billion for the fourth quarter and net earnings of $20.8 million on net sales of $6.8 billion for the year ended August 31, 2009.

Olympic Steel Reports 3rd Quarter Results

30 October 2009 - Olympic Steel announces net income of $671,000 on net sales of $121.6 million for the third quarter and a net loss of $58.6 million on net sales of $384.9 million for the nine months ended September 30, 2009.