Steel News

U.S. Steel, Aluminum Shipments and Inventories Rise

18 November 2009 - Shipments of steel and aluminum products from U.S. metals service centers increased in October compared to September levels, and inventories for both metals rose slightly, according to the latest Metals Activity Report from the Metals Service Center Institute.

Konecranes Closes Alabama Factory

17 November 2009 - Konecranes will close its crane production and assembly facility in Birmingham, Ala., by December 31. The factory closure affects 18 employees.

AK Steel to Increase Stainless Steel Prices

17 November 2009 - AK Steel will increase base prices by 6 to 9% for all 200-, 300- and 400-series flat rolled stainless steel products, depending on grade and product form.

AISI Salutes Soldiers in Recognition of Veterans Day

13 November 2009 - The American Iron and Steel Institute salutes U.S. veterans for their noble service in preserving America’s national security, stressing that the U.S. steel industry is proud to serve the military in their efforts to defend our nation.

Stupp Commissions Spiral Tube Welding Line from SMS Meer

13 November 2009 - Stupp Corp. recently started operation of its new spiral tube welding line supplied by PWS GmbH, a company of SMS Meer, Germany.

Essar Steel Algoma Reports Second Quarter Results

13 November 2009 - Essar Steel Algoma reports a net loss of $122.8 million on sales of $388.3 million for the quarter ended September 30, 2009.

API Steel Pipe Factory Completed in Pittsburg

13 November 2009 - Posco has completed construction of an annual 270,000-tonne scale API steel pipe factory in Pittsburg, Calif. United Spiral Pipe, established jointly with U.S. Steel and Seah Steel, will manufacture and sell API-certified steel pipes designed for energy transportation.

YTD Stainless, Specialty Imports Still Down Through July

13 November 2009 - Total stainless imports reached 206,931 tons through July 2009, a 57.1% decrease compared to YTD July 2008 according to the latest report from SSINA. Total specialty imports reached 275,032 tons through the same period, a 55.2% decrease compared to YTD July 2008.

Timken Board Elects New Director

12 November 2009 - The Timken board of directors has elected John M. Ballbach as a director of the company, for a term that expires at the company’s annual meeting in 2011.

Siemens Modernizes Automation in AHMSA Hot Rolling Mill

12 November 2009 - Altos Hornos de Mexico has awarded Siemens a contract to modernize its existing basic and process automation systems in its Monclova Hot Strip Mill. Siemens will supply and install automation technology based on the Siroll HM platform.

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.”