Steel News

China’s New Tax Rebate Policy on Boron added Steel Grades

I received this message from a Chinese Steel mill to clarify the new ruling. “Government announced the tax rebate on part boron added steel material is cancelled effective 1st of Jan 2015. Below products are involved: Boron added HR( including Teadrop) Sheet/Plate; (HS. 72254091 &72269191) Boron added Wire Rod, rebar[…]

Twitter @AllianceSteel

In March 2009 we decided to start a twitter account, and when there is something worth sharing, and the spirit moves me, I tweet about it. Today I found an app that summarizes the topics  have been tweeted . Here it is as a “Wordle”

Wire Rod Investigation: China- Preliminary Determination

CVD Investigation of Wire Rod from China – DOC’s Preliminary Determination The U.S. Department of Commerce (DOC) has just released its preliminary determination in the countervailing duty (CVD) investigation of carbon and certain alloy steel wire rod from China. The DOC has determined the following preliminary subsidy margins: (1)  Benxi[…]

Heavy Imports into USA Cause Trade Suits from U.S. Steel Industry

U.S. steel imports are approaching record levels, sparking the highest number of trade complaints in more than a decade and igniting calls for new import tariffs. American steelmakers filed 38 trade cases last year, the highest number since 2001, when the industry won White House backing for higher tariffs and[…]

Nucor (NUE) rated outperform by UBS

I like to know what the “experts” on Wall Street think about various companies.  Here is their current opinion of Nucor from April 5, 2014.  I like Nucor’s aggressiveness in growing their DRI feed stock.  Please do not take my post as a recommendation to buy or sell stock.  This[…]

Sheet pile jobs completed- River Project

The following photo shows a recent project completed using sheet pile that we supplied. We will add a photo or two each week of recent projects.  Keep in mind, we have a civil engineer as part of our team who is a specialist in steel sheet pile, and we can[…]

ArcelorMittal, Bekaert trade stakes in Latin America wire JV’s

SAO PAULO, April 30 (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, and Bekaert Group on Wednesday agreed to swap their stakes in their Brazil, Costa Rica and Ecuador ventures, part of a broader plan to extend a four-decade partnership in fast-growing markets, an executive said. Under terms of the plan,[…]

Chinese steel mill overcapacity, slowdown bring industry losses

BEIJING, April 28 (Xinhua) — Overcapacity, excess supply and sagging prices have taken Chinese steel companies from profit to loss in the first quarter, and the problems are set to get worse More than 45 percent of steel companies reported losses as growth hit an 18th month low of 7.4[…]

Used sheet pile

We have subject to prior sale the following: Hot rolled sheet pile Quantity:   95 pair x 45 ft  ( about 200 tons) section: similar to XZ85 Location:  West Coast USA If interested we can provide a delivered price and photos

Dumping suit agains Chinese Wire rod filed

U.S. Producers Of Carbon And Certain Alloy Steel Wire Rod File Antidumping And Countervailing Duty Petitions Against China, Says Kelley Drye & Warren LLP A five-company coalition of U.S. producers of carbon and certain alloy steel wire rod (“wire rod”) comprised of ArcelorMittal USA LLC, Charter Steel, Evraz Rocky Mountain[…]