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Daily Steel News
Courtesy of SteelOrbis
US and Canadian rig counts continue to grow
Baker Hughes reported that for the week ending December 6, the US rig count increased by 12 to 1,775.
US construction unemployment falls to 8.6 percent in November
US construction employers added 17,000 jobs in November as the sector’s employment hit the highest level since August 2009.
US Great Lakes iron ore rises in November
According to a report from the Lake Carriers’ Association, shipments of iron ore on the US Great Lakes totaled 5.5 million tons in November.
BMZ’s finished steel output down 3.4% in Jan-Oct
BMZ saw a 3.4% y-o-y decline in its finished steel product output to 1.829 million mt.
OMK to invest RUB 6.6. billion in 2014
Russia-based pipe producer United Metallurgical Company (OMK) plans to invest more that RUB 6.6 billion ($199.4 million) in 2014.