Market Segment
August 29, 2024
Written by Laura Miller
Hybar is progressing and expanding its plans to supply the US market with environmentally friendly rebar while having the highest-paid steelworkers and remaining profitable.
Hybar CEO David Stickler and SMU Managing Editor Michael Cowden shared a candid conversation about those plans on Tuesday morning at the SMU Steel Summit, held this week in Atlanta.
The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.
Metalformers’ optimism softened in the Precision Metalforming Association (PMA) September Business Conditions Report.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.