December 2011

US steel trading 'alive and well': AIIS

The American Institute for International Steel (AIIS) hopes that the trading community can find common ground with its domestic counterparts as it continues to expand its membership base up and down the supply chain, board executives told AMM.

US ITC formally posts cut-to-length plate decision

The International Trade Commission (ITC) has determined in a five-year sunset review that revoking anti-dumping duty orders on cut-to-length steel plate from Italy and Japan would not negatively affect the U.S. industry, but the ITC reaffirmed the need for anti-dumping duties on imports from India, Indonesia and South Korea.

US e-waste legislation gaining support

The potential to create jobs and stop toxic electronic waste from being exported has spurred the world’s largest recycler to support proposed federal legislation.

Md. officials press RG Steel on plans for Sparrows Point

A number of high-level Maryland officials are seeking answers—and action—as RG Steel LLC’s Sparrows Point mill concludes its first week on shutdown without a word from the company.

Two US steel workers hurt in accident

Two workers were injured at US Steel Corp’s Edgar Thomson steelmaking facility in Braddock, Pa.

Pacific Steel hit with class-action lawsuit

Pacific Steel Casting Co is facing its third labor-related challenge in less than a year with a class-action lawsuit seeking an estimated $31 million in damages from the company.

LME approved warehouses set to increase rent for steel billet in April

London Metal Exchange (LME) approved warehouses are set to increase their rent from April 2012, according to data from the bourse.

Trade, currency lead US lobbying efforts

Currency manipulation and free trade were at the top of the agenda in the third quarter for metal lobbyists on Capitol Hill, according to disclosures filed with the House of Representatives.

RG Steel lays off 750-plus at Sparrows Point

More than 750 employees have been laid off at RG Steel LLC’s Sparrows Point, Md., steelmaking complex as the company looks to cut costs in a cash-strapped environment, a source familiar with the operation told AMM Thursday.

JSPL’s wide width plate mill in Orissa to start commercial production by February

India’s Jindal Steel and Power Ltd (JSPL) is on course to start commercial production at its 1.75 million tpy plate mills at Angul in the Eastern Indian state of Orissa by end of February 2012