With the exception of SteelBenchmarker which only produces pricing twice per month, the rest of the indexes followed by Steel Market Update were bunched fairly closely together. Hot rolled coil price assessments were reported at $610 by three – SMU, CRU and Steel Orbis while Platts was at $620 and SteelBenchmarker at $631. Many of the indexes reported single digit price adjustments and the market continues to operate without a clear direction
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Latest in Steel Products
Ford Pauses Work on $3.5B Battery Plant: Report
Ford Motor Co. said on Monday that it has stopped work at its $3.5-billion project for an electric vehicle (EV) battery plant in Michigan, according to media reports.
USW Taps McCall as New President After Conway’s Passing
The United Steelworkers International (USW) executive board on Tuesday appointed David McCall as the union’s new international president. He will fill the remainder of Tom Conway’s term.
HARDI Members Bullish on Future
Despite economic headwinds in the headlines, the near-term future could prove brighter than expected, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the Tuesday, Sept. 26, meeting of its Sheet Metal/Air Handling Council.
AISI: Raw Steel Production Ticks Up
Domestic raw steel output was up slightly for the week ending Sept. 23, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept. 25.
Worldsteel: Global Output Slides in August
Global steel production tapered off in August vs. July, according to the latest figures from the World Steel Association (worldsteel).