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Tag Archives: steel

Report: Amory steel deal to hurt U.S. market

See related stories: In The Red?, Clay Chandler, July 18, 2010 Chinese investing in Amory steel mill, Associated Press, Sept. 15, 2010 China’s WTO violations, subsidies and state ownership harm U.S. manufacturers Source: PR Newswire WASHINGTON, D.C — A new study released Thursday (Oct. 14) concludes that the unprecedented growth of the Chinese steel industry is inconsistent with commercial considerations ...

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Chinese investing in Amory steel mill

AMORY — A state-owned Chinese company signed an agreement today to invest in a Mississippi steel mill in a deal that has prompted complaints by some U.S. lawmakers that it might jeopardize national security. Anshan Iron & Steel Group Corp.’s investment is seen as a test of American willingness to accept Chinese investment. Some American business groups have warned that ...

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Ground broken for two new steel plants

COLUMBUS — Gov. Haley Barbour, officials from Mississippi Steel Processing and New Process Steel and state and local leaders gathered yesterday for a joint groundbreaking ceremony for the companies’ new steel processing facilities, which will be located at the Severstal site in the Golden Triangle Industrial Park in Columbus. Both companies will process steel for Severstal, in addition to other ...

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Steel manufacturer chooses Yellow Creek for plant site

IUKA — Dennen Steel Corp. of Grand Rapids, Mich., will locate a manufacturing plant at the Yellow Creek Port in Iuka. Company chairman Andrew Dennen and state officials made the announcement yesterday. Dennen says project will cost $7.4 million and will create 50 new jobs in Tishomingo County in Northeast Mississippi. He says the company will manufacture steel slit coil, ...

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Chinese steelmakers in price talks

SHANGHAI — A state-affiliated industry group vowed today to tighten control over iron ore trading as Chinese steelmakers discussed strategy for contentious price talks with global miners — the backdrop to last month’s commercial spying and bribery convictions of four Rio Tinto employees. The China Iron & Steel Association gathered representatives of major mills at a meeting Friday and affirmed ...

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China vows to fight unauthorized steel mills

SHANGHAI — China, the world’s biggest steel producer, says it will crack down on unauthorized steel mills as it maneuvers to wield more control over prices during crucial iron ore talks. Only about 300 million tons of the 567.8 million tons of crude steel produced last year in China was made with full government authorization, according to Miao Yu, a ...

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Steel costs highest ever; lumber does nosedive

There is good and bad news regarding construction material costs. Lumber costs are the lowest seen in a very long time; however, the price of steel is at an all-time high.   The high cost of steel, a lot of which is imported, is linked to strong activity in the commercial building sector, said Bob Hellenthal, executive director, Mid South ...

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