Market Segment
Metal One to Represent AM/NS Calvert
Written by John Packard
March 16, 2014
The partnership between ArcelorMittal and Nippon Steel & Sumitomo Metal Corp (NSSMC) has created a new sales entity for a portion of the flat rolled produced at what was once ThyssenKrupp Steel USA in Calvert, Alabama.
The new 50/50 joint venture mill, renamed AM/NS Calvert, will have two sales groups much like I/N Tek which was originally a joint venture between Inland (now ArcelorMittal) and Nippon Steel going back to 1990.
In a letter to their customers, Metal One explained as with I/N Tek their trading company has been selected to sell the full lineup of steels produced at the Calvert steel mill. This includes hot rolled, cold rolled, galvanized, aluminized and Galvalume steels.
John Packard
Read more from John PackardLatest in Market Segment
AISI: Raw steel mill output stabilizes
Domestic mill production inched higher last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Prior to the start of this month, raw output had remained historically strong since June.
CRU: JSW Steel powers to four-fold profit rise
India's JSW Steel reported a 307% year-on-year (y/y) jump in net profit to INR16.5 bn ($188 million, €161 million) in fiscal Q2.
AIA: Architecture firms see conditions worsening
Architecture firms reported a cut in billings through September as business conditions waned, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...