AISI News... |
NAFTA Steel Associations and ILAFA Agree on Principles to Address Trade Aspects of Global Economic Crisis 11/03/2008- Cancun, Mexico – Representatives of five major NAFTA steel associations – American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), Specialty Steel Industry of North America (SSINA), Canadian Steel Producers Association (CSPA) and Mexican Steel Producers Association (CANACERO) – met with representatives of the Latin American Iron and Steel Association (ILAFA) on October 24 to discuss trade and other policy issues of common concern. | September Imports Up 15 Percent vs. August 10/28/2008- Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,921 ,000 net tons (NT) of steel in September 2008, including 2,428,000 NT of finished steel (up 15 percent and 18 percent, respectively, vs. August final data). | | August Steel Shipments Down 3.9 Percent From Last Year 10/16/2008- WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of August 2008, U.S. steel mills shipped 8,860,000 net tons, a 3.9 percent decrease from the 9,209,000 net tons shipped in August 2007 and a 3.6 percent decrease from the 9,175,000 net tons shipped in the previous month, July 2008. | | Steel Import Permit Applications Increase 9 Percent vs. Prior Month 10/10/2008- Washington, D.C. - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of September totaled 2,684,000 net tons (NT). | | |
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Industry News... |
California Steel Industries Reports Third Quarter 2008 Results 11/04/2008- FONTANA, Calif. - California Steel Industries, Inc. ("CSI") today reported third quarter results for the quarter ended September 30, 2008. Net sales for the period were $440.8 million, from shipments of 352,010 net tons. Net income for the period is $35.5 million. | Iron Miners Gird For Price Concessions 11/04/2008- Big iron-ore miners, in a swift reversal of fortune, are privately bracing for significant price cuts in coming contract negotiations with the world's steelmakers as demand for autos, construction infrastructure and appliances weakens. | Vale Withdraws Demand For Iron Ore Price Increase 11/03/2008- Cia. Vale do Rio Doce, the world's largest iron ore supplier, withdrew demands for a 12 percent price increase from Chinese steelmakers as economic growth slows, customer Baosteel Group Corp. said. | Chinese Manufacturing Activity Slows Sharply 11/03/2008- BEIJING - China's manufacturing activity slowed sharply in October amid weaker export demand despite a flurry of official measures to boost flagging growth in the world's fourth-largest economy, an industry group reported Monday. | | Obama Says China Must Stop Manipulating Currency 10/30/2008- China's huge trade surplus with the United States is "directly related to its manipulation of its currency's value," Democratic presidential candidate Barack Obama said in a letter released on Wednesday. | Output Cuts Spark Fears Over China Economy 10/30/2008- Signs are growing that China’s economy could be cooling quicker than expected, with a string of big industrial companies announcing production cuts over the past week. | US Steel Predicts Tough Fourth Quarter 10/29/2008- United States Steel Corp. on Tuesday predicted that its fourth-quarter results will be lower than in the year-earlier period because of the "volatile global economic climate." | U.S. Working On Billions In GM Loans 10/28/2008- The Bush administration is working to release to General Motors Corp. a portion of the loans Congress approved for the auto industry, according to a person familiar with the matter, a move that could help ease the way for the company's discussed merger with Chrysler LLC. |
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