Archive for May, 2009
Surplus/Secondary Wire Rod
We have the following subject to prior sale. 22 tons, 1 truckload .219″ 1006 stored outside, good condition 22 tons, 1 truckload .468″ 1018 stored outside, good condition 240 tons, 12 truckloads .219″ 1080 stored inside, full chemistry available for this lot.
Hot rolled flat bars or Cold finished flats
We have the following subject to prior sale. Hot Rolled 1018 .671” x 1.046 x 402-405” 25 tons This could be converted to Cold Finished 1018 .625 x 1.00” x 402-405 – Price $37.00/cwt fob S. Holland, IL Hot Rolled 1018 .796” x 1.296 x 413-414” 42 tons This could be converted to Cold Finished [...]
Iron ore, scrap, mill closings and casinos
The major iron ore producers are in the final negotiations for their annual contracts in China. As usual the two sides disagree on what a fair reduction in price is. Producers want to reduce 25-30% and buyers want to achieve 40 to 50% reductions. This should come to a conclusion in the next week or [...]
Chinese steel in showdown over iron ore prices
China’s steel industry faces a historic moment of truth as it threatens to abandon the traditional “benchmark” for annual iron ore pricing in an apparent fit of pique at the refusal of the miners to share their profits. The anger is palpable in the voice of China’s chief iron ore negotiator, Shan Shanghua of the [...]
Cap & Trade = Lost Steelmaking Jobs in USA
A large portion of the U.S. steel industry could be severely hurt under a carbon-emissions cap and trade system, with some companies indicating it could push operations overseas. U.S. Steel Corp., AK Steel, ArcelorMittal SA and OAO Severstal would be the biggest losers among the operators in the U.S., because of the carbon-intensive way that [...]
Surplus/Secondary Plate
We offer the following plate from a prime USA mill The parameters are as follows: Gauge Range .187″ to 3″ 4.75 mm – 76.2 mm Width Range 48″ to 120″ 1219 mm – 3048 mm Length 180″ – 360″ 4.57 M – 9.144 M Price: $395 per metric ton, fob stowed Mobile, AL Quantity: [...]
Current Specials
Please call 602-381-1006 or email for pricing and more information. See specials
Steelworkers Attack ArcelorMittal
Fed Up With Plant Shutdowns, Protesters Smash Windows at Annual Shareholder Meeting in Luxembourg ArcelorMittal is facing increasing worker protests around the world, including a violent confrontation during an annual shareholder meeting Tuesday in Luxembourg, as frustration mounts over plant shutdowns and the reluctance of the world’s biggest steelmaker to commit to reopening idled facilities. [...]
Georgetown Steel Mill closing indefinitely
By mid-July a familiar spot in Georgetown will go dark, and 242 people will be out of work. ArcelorMittal announced Tuesday it’s indefinitely ceasing operations at its Georgetown facility until “market conditions improve.” The decline in demand for steel, especially from the “big three” automakers, has forced the company to cut 45% of its global [...]
China’s Metal Imports Raise Records and Eyebrows
China’s imports of copper and iron ore set fresh records in April even amid the global downturn, raising the risks that the domestic market will see a flood of unwanted supply. Customs data Tuesday showed China imported 399,833 metric tons of copper and related products, up 62% on year and beating the previous record set [...]
