U.S. Steel posts mixed Q1, BR2 ramp-up drives major volume gains
U.S. Steel delivered a mixed first quarter. Segment performances diverged sharply as winter weather, outage activity, and major capital projects weighed on results.
U.S. Steel delivered a mixed first quarter. Segment performances diverged sharply as winter weather, outage activity, and major capital projects weighed on results.
Chicago-based pipe and tube manufacturer Zekelman Industries has appointed Jason Nofziger as its vice president of supply chain, effective May 11.
Following the historical lows seen in recent months, steel import volumes marginally increased in March and April.
OCTG imports from China will continue to face US anti-dumping and countervailing duties for at least another five years.
Domestic raw steel production increased to a new multi-year high last week, per AISI figures.
Drilling activity increased in the US this week but declined in Canada, per Baker Hughes.
Turner Industries said it's dedicating two state-of-the-art nuclear fabrication facilities in New Iberia and Port Allen Louisiana to producing high-precision modules and nuclear-grade piping.
The volume of raw steel produced by US mills eased last week but remains within earshot of the multi-year high set one week prior
Baker Hughes' latest data shows the US rig count inching up by one while the Canadian count held steady in the week ended April 24.
The Canadian International Trade Tribunal (CITT) determined oil country tubular goods (OCTG) sold by Tenaris S.A. and certain exporters from South Korea, Turkey, and the Philippines are subject to antidumping tariffs.
Domestic mill production ticked up to a new multi-year high last week, according to recently published American Iron and Steel Institute (AISI) figures.
Apparent steel supply declined 3% from January to February to the third-lowest rate recorded in the past two years, just 5% above the near-five-year low set last November.
The US and Canadian oil and gas rig counts inched lower this past week, according to the latest Baker Hughes data.
Steel imports remain near some of the lowest volumes recorded in over five years.
The petitions allege that foreign producers are selling seamless and welded OCTG at unfairly low prices and, in Austria’s case, benefitting from countervailable subsidies.
Baker Hughes’ latest report for the week ended April 2 showed the US added five rigs while Canada's count decreased by 11.
The latest count of operational drilling rigs declined in both the US and Canada this week, according to recently released data from Baker Hughes.
Atlas Tube, a Zekelman company, said it is expanding its Shuriken® structural nut keeper line.
Oil and gas drilling in the US was basically steady in the week ended March 20, based on Baker Hughes' latest report on the number of rotary rigs in operation. Drilling in Canada, however, continued to slide, with the country seeing a steep decline in its rig count.
Zekelman Industries said Jean-Marc “JM” Athanassiadis will take over as division president for the company’s Sharon Tube business unit in Farrell, Pa.
Steel imports remained close to multi-year lows in January and February, according to US Commerce Department data released this week.
An administrative review of the anti-dumping duty (AD) order on heavy-walled rectangular pipe and tube from Mexico has found evidence of continued dumping by Mexican companies.
Oil and gas drilling continued to slow in Canada but remained steady in the US this past week.
Oil drilling slowed in the US and Canada last week, while gas drilling inched higher in the US.
The latest Baker Hughes rig count report shows steady drilling for oil and gas in the US, while drilling in Canada improved slightly.
Barry Zekelman used his Tampa Steel Conference fireside chat to deliver one of the bluntest assessments yet of the forces shaping North American steel. He warned that a flawed tariff structure and an impending power crunch threaten the industry more than most realize.
The latest Baker Hughes rig count report shows steady drilling for oil and gas in the US, while drilling in Canada slowed slightly.
Friedman Industries delivered a strong fiscal third quarter, posting sharp gains in sales, shipments, and margins across both its flat-rolled and tubular segments.
Baker Hughes' latest rig count report shows oil and gas drilling picked up in the US this week, but slowed in Canada. Oil drilling in both countries is down from last year, while gas drilling has picked up, mainly in the US.
Steel imports remain weak in November and December according to recently released final US Commerce Department data. Many of the sheet and plate products we follow slipped to multi-year lows.