Features
Holiday notice: happy Thanksgiving!
Written by Michael Cowden
November 21, 2023
Steel Market Update will be taking time off in observance of Thanksgiving.
Our offices will be closed on Thursday and Friday, Nov. 23–24.
We will not publish an issue on Thursday, Nov. 23, or on Sunday, Nov. 26.
Premium members will receive our steel market survey results on Monday, Nov. 27, instead of on Friday.
We will resume our regular publication schedule on Monday.
We wish safe travels to everyone who will be on the road. We hope you get to spend some time with friends and family. And we thank you for your continued support of SMU.
Michael Cowden
Read more from Michael CowdenLatest in Features
Final thoughts
The phrase “political football” has been tossed around a lot lately. (Pun probably intended.) For the humble journalists at SMU who thought the week following Steel Summit would prove a quiet one… the news cycle had other ideas
Leibowitz: The consequences of a new barrage of trade cases on coated steel
Domestic steel producers and the United Steelworkers (USW) union filed a barrage of trade cases last week. This is hardly news. Ever since the Commerce Department ruled that Vietnam is still treated as a nonmarket economy (NME) for antidumping purposes, many in the business expected new cases on the product that Vietnam excels at—“corrosion-resistant steel.” Nor is it a surprise that these cases roped in nine countries in addition to Vietnam: Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, and the United Arab Emirates. All these countries rank in the top ten exporters of corrosion-resistant steel to the United States. These petitions are a broadside against coated flat-rolled steel imports.
Coated trade case alleges hefty dumping margins
Domestic mills have alleged substantial dumping margins in the trade case targeting imports of corrosion-resistant steel.
Steel Summit 2024: Stelco CEO reflects on strategy, growth, and sale to Cleveland-Cliffs
In a candid fireside chat with SMU Senior Analyst/Editor David Schollert, Stelco’s CEO Alan Kestenbaum opened up about Stelco’s pending sale to Cliffs, his business strategy, outlook for the industry, and plans for the future. The chat took place on Tuesday, Aug. 24, at the 2024 SMU Steel Summit in Atlanta.
CRU: Large output cuts in China overshadow mixed global picture
Global crude steel production fell by 4% month over month (m/m) in July, led by a major drop in Chinese output, which fell 9% m/m.