Steel Blog

Carpenter Technology announced Wednesday it will be working with United Steel Corporation on the development of new “lightweighting” steel for automotive applications.



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California Steel Industries announced the resignation of Mr. Al Plummer, Manager of the Southern Service Center and OEM, after 28 years of service with the company



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Renco Group had a controlling interest in RG Steel, which made it responsible for two pension plans for about 1,350 people.



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The Associated General Contractors of America released the following report on construction employment:

Construction employment increased in 139 out of 337 metropolitan areas between December 2011 and December 2012



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Hot Rolled Futures- Spot Down Futures Up

Friday, 25 January 2013 10:22

Written by: Andre Marshall, Crunchrisk

Financial Markets

The last of the obstacles to an improving economy, the debt ceiling and the spending cuts etc seem to be rolling over. The Republicans have cleverly put in a temporary debt ceiling increase covering us until May which



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ArcelorMittal is permanently closing six finishing lines and a coke plant at its Liege facility in Belgium. A seventh line will be maintained only as a repairing line



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NW Australian Storm Shuts Ports

Tuesday, 22 January 2013 15:42

A tropical storm shut down ports in Australia on Tuesday stopping shipment of nearly half of the world’s iron ore trade. Port Hedland, Dampier and Cape Lambert shut down operations as vessels moved out to sea and away from the area



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On Monday, January 23rd, AK Steel announced a price increase on all flat rolled steel products of $40 per ton ($2.00/cwt). The price increase is for “spot” orders only and is “effective immediately” according to the press release issued by the company



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Freight Investor Services (FIS) has added two brokers to its US Midwest presence to cover swaps contracts for US domestic Hot Rolled Coil, Iron Ore and Scrap from the St Louis, MO, area
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Creditors of bankrupt RG Steel are seeking court permission to sue Renco Group founder and billionaire Ira Rennert for deliberately delaying the bankruptcy filing of RG Steel in order to protect his own financial interests.



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