• Skip to main content

    Market Segment

    Topalian puts focus on "unfair" trade, eyes USMCA partners

    Written by Ethan Bernard


    Nucor’s top executive expressed concerns over “unfair” trade practices, highlighting increased steel imports from Mexico and Canada.

    “Over the last 18 months, we’ve seen a material uptick in steel imported from Mexico and Canada to levels far above historic levels, contrary to the Section 232 agreements with both countries,” Leon Topalian, Nucor’s chair, president, and CEO, said on a second-quarter earnings call on Tuesday.

    Ethan Bernard

    Read more from Ethan Bernard

    Latest in Market Segment

    Deacero casts first billet at new Ramos Arizpe mini-mill

    Mexican longs producer Deacero has cast the first billet at its new minimill in Ramos Arizpe, Mexico, moving the Danieli-supplied caster into commissioning. It's a key milestone for Deacero's $600-million Ramos II mini-mill, said Italian plant engineering and equipment provider. "The achievement further strengthens the long-standing collaboration between Deacero and Danieli, and further confirms Danieli’s already-established presence in the Mexican long-products market," the company said in a statement on Nov. 2.

    ISM: Manufacturing sector expanded in October

    US manufacturing activity expanded for the 10th consecutive month in October, according to supply executives in the Institute for Supply Management's latest report. The October ISM Manufacturing Purchasing Managers’ Index registered 55.5%, up one percentage point from the prior month. An index reading above 50% indicates the manufacturing economy is growing, while a reading below that indicates contraction. ISM noted that the overall economy continued to expand in October for the 24th consecutive month, emphasizing that a PMI reading above 47.5% over a period of time generally indicates that the overall economy is growing.