Market Segment
May 2, 2023
Written by Laura Miller
Ryerson saw strong shipments on better-than-expected demand during the first quarter, but weaker prices resulted in lower earnings for the Chicago-based service center group.
“Ryerson produced good operating results during a period of better-than-expected composite demand and price support,” company president and CEO Eddie Lehner said.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
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).