| AISI News... |
| Steel Import Permit Applications Increase 9 Percent vs. Prior Month 10/10/2008- Washington, D.C. - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of September totaled 2,684,000 net tons (NT). | | | AISI Hails House Vote in Favor Of Energy Independence 09/25/2008- Washington, D.C. –- The American steel industry welcomed yesterday’s 370-58 vote in the U.S. House of Representatives, which, finally heeding the pleas of energy consumers, allowed the antiquated, decades-old offshore oil and natural gas exploration bans to lapse. | | August Imports Down 19 Percent vs. July 09/23/2008- Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,346,000 net tons (NT) of steel in August 2008, including 1,958,000 NT of finished steel (down 19 percent and 13 percent, respectively, vs. July final data). | July Steel Shipments Up 3.8 Percent From Last Year 09/17/2008- WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of July 2008, U.S. steel mills shipped 9,175,000 net tons, a 3.8 percent increase from the 8,844,000 net tons shipped in July 2007 and a 0.4 percent increase from the 9,136,000 net tons shipped in the previous month, June 2008. |
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| Industry News... |
Nucor Plant Shuts Down For Few Days 10/13/2008- Nucor Steel Decatur shut down production Friday morning due to a lack of orders, although its employees continue to report to work. | Severstal To Slash Output, May Trim Outlook 10/13/2008- Russia's largest steelmaker OAO Severstal said Friday it is cutting October production by as much as 30% and may lower its earnings forecast for the year, as the weaker global economy darkens the prospects for Russia's commodity producers. | | ArcelorMittal Expects Increased Profits 10/09/2008- ArcelorMittal SA, the world's largest steelmaker, said Thursday that it expected profits and cash flow to rise in the final six months of 2008 despite a slowing economy. | Steel Maker's Plant Decision Nears 10/08/2008- MOBILE - Olof Faxander, the chief executive of Swedish steel maker SSAB, told Swedish business newspaper Dagens Industri Tuesday that the company would choose the location of a new heat-treating mill by the end of the month. | Could Vale Shatter The Iron Ore Market? 10/07/2008- AUSTRALIA - Brazilian miner Vale (formerly CVRD) is the world's biggest producer of iron ore, a proportion of which is the world's highest quality iron ore. Having already, earlier in the year, negotiated a 65-71% increase in contract price (depending on grade) with Chinese steel mills for the 2008-09 year, it has been revealed Vale has suddenly asked for a mid-contract price increase of up to another 20%. | Financial Crisis Could Lead To Steel Consolidation - CEOs 10/07/2008- WASHINGTON - The credit crisis may lead to increasing consolidation in the steel industry as weaker companies succumb to financial market pressures, but demand for steel in the longer term may remain robust, steel company leaders said Monday. | Steelmaker Warns of Overcapacity 10/07/2008- WASHINGTON -- Rising raw-material prices, excess capacity and environmental concerns are among the biggest challenges facing a growing global steel industry, Posco Chief Executive Lee Ku-taek said. | Steel Hit By Market Free-Fall 10/06/2008- The large domestic steelmakers earned huge profits in the first two quarters of 2008 and had expectations for continued profitability into 2009. But economic realities are intervening as the year proceeds. |
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