Product
February 15, 2013
Written by John Packard
Our apologies to SSAB and our readers–the earnings for SSAB reported Sunday by SMU were in error. The corrected figures are as follows: Operating loss of 665 million SEK in Q4 of 2012 ($104 million) compared with a operating profit of 50 million SEK ($7.82 million) in Q4 of 2011 and for the whole year an operating loss of 96 million SEK ($15 million) compared with an operating profit of 2,512 million SEK ($393 million) in 2011.
Most sheet prices inched up again this week following mill efforts to set a floor under tags and to increase them from there.
SunCoke Energy’s earnings declined in the third quarter as weaker domestic coke sales and contract economics weighed on results.
U.S. Steel has announced a $75-million capital investment to install a new premium thread line at its Fairfield Tubular Operations in Alabama.
Zekelman Industries said Canadians who report the use of foreign steel in active or future public construction projects are eligible for a CAD$1,000.00 (USD$711.62) payment.
Nucor increases HR spot price by $5/ton