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AISI News...

AISI Applauds Adoption of “Buy American” Provisions in the Clean Water State Revolving Fund and Water Resources Development Act
07/30/2010- Washington, D.C.– The American Iron and Steel Institute (AISI) commends the adoption of “Buy American” requirements in both the Clean Water State Revolving Fund legislation that passed today in the House and Congressman Daniel Lipinski’s (D-Ill.) amendment attached to the Water Resources Development Act of 2010 that passed in the House Transportation & Infrastructure Committee.

AISI Voices Strong Support for President Obama's National Export Initiative
07/27/2010- Washington, D.C.– The American Iron and Steel Institute (AISI) voiced strong support for President Obama’s National Export Initiative (NEI), which aims to double U.S. exports by 2015 thus creating and preserving high-value American manufacturing jobs, in a letter to the Trade Promotion Coordinating Committee (TPCC) at the U.S. Department of Commerce.

Preliminary Steel Imports, Down 14% in June, Increase 35% in First Half of Year
07/27/2010- 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 1,982,000 net tons (NT) of steel in June, including 1,543,000 NT of finished steel (down 14% each vs. May final data).

NAFTA Steel Industry Recommends Policies for Increasing North America's Exports of Manufactured Goods
07/27/2010- Washington, DC- The NAFTA steel industry sent a letter yesterday to the Trade Promotion Coordinating Committee (TPCC) at the U.S. Department of Commerce, expressing appreciation for President Obama’s National Export Initiative (NEI) and voicing strong support for “significantly increasing North America’s exports of manufactured goods to other world regions.”

The Scary Truth About Anshan
07/23/2010- Your July 11 article, “Battle: Nucor vs. China” reporting Nucor’s concern about the implications of Anshan Iron and Steel Group’s investment in Steel Development Co. is full of inaccuracies. Your readers need to hear the facts.

Report On 2008-2009 U.S. Indirect Steel Trade Now Available
07/22/2010- WASHINGTON, D.C. – An updated analysis of U.S. indirect steel trade through 2009 reveals that, in the midst of last year’s dramatic decline in domestic steel shipments, U.S. indirect steel imports grabbed a larger share of total U.S. apparent steel consumption, according to a new report available from the American Iron and Steel Institute (AISI).

AISI Commends House Majority Leader Hoyer for Focusing on Jobs
07/21/2010- Washington, D.C.– The American Iron and Steel Institute (AISI) sent a letter yesterday commending House Majority Leader Steny Hoyer (D-MD) for his efforts to turn Congress’s focus to job creation and U.S. manufacturing and offering policy recommendations that Congress should enact in order to advance a national pro-manufacturing strategy and improve the nation’s economic security.

May Steel Shipments Up 4.1 Percent From April
07/16/2010- WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of May 2010, U.S. steel mills shipped 7,345,455 net tons, a 4.1 percent increase from the 7,057,660 net tons shipped in the previous month, April 2010, and a 71.6 percent increase from the 4,281,986 net tons shipped in May 2009.

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Industry News...

Chinese Mills Profit From Strong Prices In H1
07/29/2010- More Chinese mills are reporting that their first-half 2010 profits benefitted from steel price increases and improved sales in early second quarter.

ArcelorMittal Swings To Profit
07/28/2010- LONDON -- ArcelorMittal, the world's largest steelmaker, Wednesday said it swung to a net profit in the second quarter on a slow recovery in demand but said the third quarter will be hit by a seasonal dip in demand and economic slowdown in China.

POLL-Steel Majors Resist Futures, Smaller Mills Like It
07/28/2010- LONDON - Major steel producers remain largely opposed to the idea of steel futures trading, which they believe is fuelling speculation and distorting prices, a Reuters survey found on Wednesday.

USS Tubular Sees 'Significant' Volumes For Natural Gas Plays
07/28/2010- US Steel’s Tubular segment is capitalizing on the expanding shale natural gas plays, CEO John Surma said during a conference call yesterday with analysts and investors monitored by Steel Business Briefing.

IMF Review Calls Yuan Undervalued
07/28/2010- WASHINGTON—The International Monetary Fund, in a long-delayed review of China's economic policies, said the country's stimulus policies had boosted the global economy during a global downturn, but contended that China's currency remains "undervalued."

Energy Bill, Focusing On Conservation, Can't Shake Calls For RES
07/28/2010- The Senate's small energy package unveiled last night flirts with Republican opposition and turns its cheek to clean-power Democrats. Its first vote, nonetheless, is planned for next week.

Manufacturing Jobs Still Prevalent In Ohio
07/27/2010- One in three Ohio manufacturing jobs disappeared in the last decade. Against this bleak backdrop, the Ohio Manufacturers' Association put together its 2010 Ohio Manufacturing Counts report, stressing the importance of the industry in the Buckeye State.

Cliffs Natural Resources Increases Ownership Of Spider To 85%, Intends To Proceed With Going Private Transaction To Buy The Remainder
07/27/2010- CLEVELAND - Cliffs Natural Resources Inc. announced today that it has increased its ownership of Spider Resources Inc. ("Spider") to 85% after taking up and paying for an additional 22.2 million Spider shares validly tendered to its offer (the "Offer") that expired on July 26, 2010.

US Firms Allege Chinese Grating Is Dangerous, Urge Review
07/27/2010- Two US producers are calling for an investigation into potentially hazardous Chinese steel grating. AMICO and Fisher & Ludlow sent letters to the US Occupational Safety and Health Administration (OSHA) and the US Consumer Product Safety Commission (CPSC), alerting them to potential dangers of the Chinese product.

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