July 2012

US Steel's Q3 2012 operating results will be below Q2 on weak economy, Surma says

US Steel expects its operating results for its flat rolled, European and tubular divisions to be positive in the third quarter 2012 but below its second quarter results, mainly due to weakness in the North American, European and emerging market economies.

US Steel Q2 2012 net income rises to $101m from net loss in Q1

US Steel reported net income of $101 million for the second quarter of 2012 due to good operating results from its European, flat rolled and Tubular segments.

Grupo Collado net sales up 10% in Q2 2012

Mexican steel service centre Grupo Collado increased its net sales revenues by 9.6% in the second quarter of 2012 in comparison with the same period last year.

Severstal North America raises flat product prices

Severstal North America joined AK Steel Corporation in raising prices on spot orders of sheet products on Monday July 31.

Ilva-Taranto crisis need not be death of Italy's steel industry, sources say

The Italian steel industry could survive the threatened closure of the Ilva-owned Taranto steel mill, market sources told Metal Bulletin on Tuesday July 31.

US crude steel production inches up slightly

US crude steel output totalled 1,846,000 net tons last week, up 0.5% from 1,837,000 tons the previous week, according to the American Iron and Steel Institute based in Washington.

Severstal North America raises flat product prices

Severstal North America Incorporated joined AK Steel Corporation in raising prices on spot orders of sheet products on Monday, July 31.

Final decision on Ilva-Taranto closure this week, sources say

A final decision regarding the possible partial closure of the Ilva-Taranto steel mill in Southern Italy, for breaching pollution laws, will be reached on Friday, sources close to the situation in Italy told Metal Bulletin on Tuesday July 31.

Ahmsa lost 100,000 tonnes of steel output on furnace shutdown

Mexico’s integrated steelmaker Altos Hornos de Mexico (Ahmsa) lost 100,000 tonnes of crude steel output in the second quarter this year because of a maintenance stoppage at its No5 blast furnace.