Market Segment
December 1, 2023
CRU aluminum: A call for import monitoring and sustainable practices
Written by Marziyeh Horeh
Here’s the latest on the aluminum markets from CRU analyst Marziyeh Horeh.
Aluminum prices
Latest in Market Segment
AISI: US production recovers as seesaw trend continues
Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.
Trump announces $15B Mesabi Metallics steel plant in Iowa
President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.
Stelco to indefinitely idle Hamilton finishing ops
Stelco Holdings Inc. is indefinitely idling its finishing operations in Hamilton, Ontario. The Canadian steelmaker, a subsidiary of Cleveland-Cliffs, will concentrate steel production at its Lake Erie Works in Nanticoke, Ontario, a Cliffs spokesperson told SMU.
US steel coalition seeks TRQ for South Korea amid import surge
US steel industry groups representing most of domestic steel production are urging the Trump administration to tighten trade measures on steel imports from South Korea. They are seeking a South Korea-specific tariff-rate quota (TRQ) and an investigation into a reported import surge.
Nucor increases spot HR to $1,220/ton
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.