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Industry News...
AK Steel Adding Jobs
09/02/2010- Increased orders are boosting productivity at AK Steel, meaning hundreds of new jobs at the Middletown Works, according to a report in the Hamilton Journal-News.
SSAB Steps Up Plate Output On Stronger Demand
09/01/2010- SSAB’s Oxelösund steelworks in Sweden has hired around 100 additional staff over the course of the year in response to strong foreign demand for the plant’s speciality plate products, particularly from Asia. “We are hoping to expand output”, the plant's chief, Per Ahl, told local newspaper Södermanlands Nyheter, “and are still looking for staff.”
Steel Blasts Ruling On China Currency
09/01/2010- PITTSBURGH - If the U.S. Commerce Department won't investigate China's alleged practice of manipulating its currency to gain unfair trade advantages, the North American steel industry is hoping Congress will.
ArcelorMittal’s Ruhrort Rod Mill To Start Up In 2011/12
08/31/2010- The new wire rod mill planned by ArcelorMittal at its Duisburg-Ruhrort site in Germany is scheduled to be fully installed by the end of 2011, Steel Business Briefing learns from a company spokesman. SMS Meer was contracted to supply the mill’s equipment over two years ago, but the project was then suspended because of the global economic downturn. ArcelorMittal announced it was reviving the project in February this year.
US Coalition Supports Proposed Changes To US Trade Laws
08/31/2010- A coalition including American steel industry players is throwing its support behind the changes to US trade laws proposed last week by the US government.
US Foreign Trade Plan Could Irk China
08/28/2010- WASHINGTON -- The United States on Thursday announced plans to toughen rules against what it sees as unfair foreign trade practices, proposing a number of changes likely to irk China, its biggest import supplier.
Bricklaying Ceremony For New Coke Plant A Milestone Event For AK Steel
08/26/2010- AK Steel's Chairman, President and CEO James L. Wainscott said that the ceremonial bricklaying event for a new SunCoke Energy Inc. plant in Middletown, Ohio, held today, represents a milestone event for AK Steel and for the Middletown community.
EPA Regulation Will Result In U.S. Job Loss And Greater Greenhouse Gas Emissions
08/26/2010- The EPA is poised to implement their economically damaging regulation of greenhouse gases (GHGs) from steel facilities in January.
Deere Quits Cap-And-Trade Coalition
08/26/2010- Deere & Co. has quietly dropped out of a coalition of large companies that has supported a cap-and-trade program for reducing carbon-dioxide emissions.
World Trade Center Steel Heads To Arlington (VA)
08/26/2010- At least 500 motorcyclists will escort several pieces of steel from the World Trade Center to Arlington County on Saturday, connecting emergency and military responders to the Sept. 11, 2001, attacks.
Paul Wurth To Supply 1.12 Million Tpy BF To ArcelorMittal Brasil
08/26/2010- Paul Wurth will build and install ArcelorMittal Monlevade's second blast furnace in Minas Gerais state, southeastern Brazil.
Brazil's Vale Becomes The Country's Biggest Exporter
08/26/2010- Brazilian iron ore giant Vale has become the country’s biggest exporter for the first time, overtaking stateowned oil company Petrobras.
BHP Chief’s Concerns For Rio Joint Venture
08/26/2010- BHP Billiton and Rio Tinto’s proposed Western Australian iron ore joint venture is behind schedule, encountering tougher-than-expected regulatory headwinds and needs to be renegotiated if it fails to meet a self-imposed December 31 deadline.
July 2010 Crude Steel Production
08/20/2010- Brussels - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 115 million metric tons (mmt) in July. This is 9.6% higher than July 2009.
U.S. Lawmakers Cheer As China Steel Firm Backs Out
08/20/2010- WASHINGTON - Lawmakers from U.S. steel-producing states on Thursday cheered a decision by Chinese steel company Anshan Iron & Steel Group to back off plans to invest in a U.S. steel plant.
Companies Are Boosting Their Spending: Could Jobs Be Next?
08/19/2010- Federal Express (FDX) is snapping up more airplanes. Caterpillar (CAT) is expanding factory capacity. And Wynn Las Vegas (WYNN) is remodeling all of its 2,716 rooms.
Trade Deficit Adds To Pressure On China
08/18/2010- The widening trade deficit is adding pressure on Senate Democratic leaders to take legislation to remedy currency manipulation by China.
Killer Trade Deficits
08/18/2010- I agree with everything this NYT editorial has to say about the economics of widening international imbalances.
U.S. Steel Speeds Up Clairton Coke Works Pollution Project
08/18/2010- U.S. Steel Corp. will alter its $1.1 billion Clairton Coke Works rehabilitation project to reduce air pollution significantly more than initially planned and do it almost two year before it had anticipated, the Allegheny County Health Department said Tuesday.
The Yuan Goes (A Bit More) Global
08/18/2010- China's financial-market reform is best characterized as a drip-drip, rather than a big-bang affair.
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