Market Segment
March 9, 2022
Written by Michael Cowden
SSAB Americas will put in place a raw material surcharge (RMS) in response to skyrocketing raw material costs.
The Mobile, Ala.-based steelmaker said the move was necessary because of “extraordinary market pressures brought on by recent global events,” in a letter to customers dated Wednesday, March 9.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.
SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.
Tk accelis announced the launch of a new B2B steel buying and selling marketplace called steelbuy USA.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.