Steel Products
Cyclone in Australia Downgraded to Category 1
Written by Sandy Williams
January 12, 2018
The Australian Bureau of Meteorology downgraded the status of Cyclone Joyce, off the far northwest coast, to Category 1. The storm made landfall along the Pilbara coast today at around 12:30 a.m. EST (0536 UTC). Winds of about 50 mph are expected to ease as the storm moves inland.
The iron ore terminal at Port Hedland was closed over Friday night as a safety precaution. The port handles more than one million metric tons of ore daily, most of which is designated for Chinese steel mills.
Cyclone Joyce was the second storm of the season to threaten the region. During the storm season from November to April, Australia generally sees 10 to 13 tropical cyclones. Most remain over the ocean, but an average of four cyclones cross the coastline each year.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.