Worthington agreed to buy half of its annual flat-rolled steel from Rouge for seven years.
Ford agreed to buy 40% of its annual flat-rolled steel from Rouge for ten years.
The steel companies have increased their production capacity overall to compensate the increase in demand for flat rolled steel.
The price of benchmark hot rolled steel has fallen 19% since April.
Domestic production of flat-rolled steel fell by about a quarter, for instance.
ECONOMIST: Things are looking up, but tariffs are not the main reason
Since the market hit bottom in late December, the price of a ton of hot-rolled steel has risen by more than 50% (see chart).
ECONOMIST: Things are looking up, but tariffs are not the main reason
Acquisitions in Slovakia and Serbia made USS the largest integrated producer of flat-rolled steel in central Europe, serving automakers like Germany's Volkswagen and France's Peugeot.
Antidumping duties on magnesium, polyvinyl chloride, and hot-rolled steel, for example, may please upstream, petitioning domestic producers, who can subsequently raise their prices and reap greater profits.
Knowing nothing about how to move steel, Shnaider hung out at Ukrainian mills and made deals with desperate managers, providing everything from VCRs to dining room sets in exchange for hot-rolled steel.
Within the steel sector, one company that traders should keep an eye on is Nucor, a producer of about 25 million tons of steel annually, including hot- and cold-rolled steel, steel joists and metal buildings.
Antidumping duties on magnesium, polyvinyl chloride, and hot-rolled steel, for example, enable petitioning U.S. companies that often dominate domestic supply of raw materials to foreclose alternative sources and then thrust higher prices on their U.S. customers.
FORBES: Solar Panel Case Shines Light on the Imperative of U.S. Trade Law Reform
Among the qualifying conditions announced earlier this month is the bizarrely precise one that any bidder must have produced at least 1m tonnes of coke and 2m tonnes of rolled steel in Ukraine for the past three years, two of them profitably.
Last year it produced 3 million tons (3.48 million tonnes) of cold- and hot-rolled sheet steel.
Last year it produced 3 million tons of cold- and hot-rolled sheet steel.
It sells hot- and cold-rolled carbon steel to construction companies, steel distributors and service centers and automotive and industrial machinery producers.
And even the Unabomber--in riding his bicycle--enjoyed the labor of some fellow who rolled the steel tubing andanother guy who glued the tires.
From January to March, prices for hot rolled coil carbon steel rose 25.0%, compared to a 5.0% increase in the same period last year.
The 86-year-old maker of flat-rolled and fabricated steel products has been in the dumps for a quarter of a century, in and out of bankruptcy since 1986.
Flat rolled products refer to the steel sheets and plates that are made by rolling processes.
In 2004, Chinese mills rolled out 273m tonnes of steel, according to the International Iron and Steel Institute.
If so, the price of hot-rolled coil one of the most common steel products could rise by as much as 15%, on top of the sharp spike in prices seen since 2002 (see chart).
Mr Harbron, a locomotive driver from Wellow in Nottinghamshire, was unloading 40 steel pipes from a rail car on 24 July 2009 when they rolled on him.
应用推荐