Steel Products

Reps. Crawford and Bost to Co-Chair Steel Caucus
Written by Sandy Williams
October 26, 2017
Two representatives of steel intensive regions will co-chair the Congressional Steel Caucus, Representatives Rick Crawford (R-AR) and Mike Bost (R-IL).
Crawford’s 1st Congressional District in Arkansas was a farming region three decades ago when the Caucus was founded. Today, it hosts Nucor-Steel Yamato, Nucor Steel Arkansas, and Big River Steel, making it the second largest steel producing congressional district in the U.S.
“Steel isn’t a product that we can depend on other nations to produce for us. Critical to our country’s infrastructure, military, and economy as a whole, a strong domestic steel industry is a national security imperative that also provides excellent opportunities for people across the country living largely in rural areas like my district,” said Crawford.
In a comment to Arkansas Online, Crawford said his selection is an acknowledgement that the industry is changing.
“I think what you’re seeing is sort of a geographic shift in the center of steel production. Where it’s historically been in the Rust Belt, now … we’re starting to see the steel industry move south, so having that seat at the table’s important for us,” he said.
Congressman Bost represents the 12th District of Illinois, home to U.S. Steel Granite City and numerous steel fabricators.
“Steel is a backbone of the U.S. economy, generating 10,000 jobs in Illinois and nearly 140,000 nationwide,” said Bost in a press release. “But these jobs are at risk due to global competitors who refuse to play by the rules. That’s why I’ve led the charge to strengthen our trade remedy laws and better ensure proper application of ‘Buy American’ preference laws, ensuring U.S. companies and workers have the tools to preserve jobs here at home.”
The announcement was applauded by leadership from the American Iron and Steel Institute and Steel Manufacturers Association.
Tracy Porter, Executive Vice President of Commercial Metals Company and current SMA Chairman said, “Mr. Crawford represents the 2nd most steel producing Congressional district in the United States. His ascendancy to this important leadership role represents the ongoing transformation of a steel industry that is more geographically diverse and is increasingly dominated by Electric Arc Furnace (EAF) steel producers.”
Thomas J. Gibson, president and CEO of AISI said, “Congressman Bost has been a leader in the fight to level the playing field for domestic steelmakers. He lead the effort to enact the first improvements to our trade laws in more than 20 years, and has consistently stood up for American workers whose jobs are put at risk by global competitors who skirt trade laws. His long-standing commitment and dedication to steel has been key in promoting more fair competition for the American steel industry.”
Pete Visclosky (D-IN) will serve as vice chairman of the Congressional Steel Caucus.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.