May 2012

Empire Industries swings to profit, sees more black ink

Steel fabricator Empire Industries Ltd. is back in the black and expects to remain profitable throughout 2012.

Bri-Chem’s Alberta pipe mill certified by API

Bri-Chem Corp. said it has received certification by the American Petroleum Institute (API) for its large-diameter pipe mill in Edmonton, Alberta, following a final audit by the organization.

Esmark makes bid for Wheeling Corrugating

Esmark Steel Group LLC has submitted an offer to RG Steel LLC to acquire the assets of Wheeling Corrugating Co.

Mexico steel distribution said ‘difficult’

Mexican steel demand has slowed outside the booming automotive sector, but the industry could log a period of sustained growth after presidential, state and municipal elections in July, according to Raymundo Díaz Oñate, president of Confederación Nacional de Distribuidores de Acero AC (Conadiac), Mexico’s national confederation of steel distributors.

ThyssenKrupp Stainless USA cuts stainless surcharges

ThyssenKrupp Stainless USA LLC has followed other domestic mills in lowering its stainless surcharges for June.

RG Steel files for bankruptcy protection

RG Steel LLC has filed for Chapter 11 bankruptcy protection, the company said Thursday.

Obama launches US initiative to fund manufacturing jobs

The Obama administration has launched a $26-million initiative to use public-private partnerships to foster job growth in manufacturing.

Trade log 31 May 2012

BIR CONVENTION: Ukraine will need 4m tonnes more scrap after new investments

Ukraine will require an additional 4 million tpy of steel scrap because of new investment in the domestic steel sector, Andrey Moiseenko of Ukrmet told delegates at the Bureau of International Recycling (BIR) convention in Rome on Thursday May 31.

South Africa’s Keaton Energy plans aggressive anthracite expansion

South Africa’s Keaton Energy aims to almost double production to 5 million tpy of coal, with expansion of its anthracite production in KwaZulu Natal its most likely route to achieving this, md Paul Miller said during its full-year results presentation on Thuersday May 30.