Market Segment
April 29, 2024
Written by Laura Miller
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.
The Charlotte, N.C.-based steelmaker announced on Monday morning that its consumer spot price (CSP) for the week of April 29 will be $825/st. That’s down from its CSP of $835/st in the last two weeks, and down from its first published CSP of $830/st on April 8.
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin this week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin principles” and is a positive step in the ongoing battle against global steel market distortions. However,
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Iron ore shipments from US ports on the Great Lakes slipped in September from a year earlier, according to the Lake Carriers Association (LCA).
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.