Analysis
May 9, 2025
Written by Stephanie Ritenbaugh
With so much happening in the news cycle, we want to make it easier for you to digest it all. Here are highlights of what’s happened and a few things to keep an eye on this upcoming week.
It was another busy week for earnings, and companies are using terms like “challenging,” “uncertain,” and, in the case of Cleveland-Cliffs, “unacceptable.”
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 domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations.
SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.
Kibar Americas said production has started at its aluminum plant in Fairmont, W.Va., where it will manufacture products for the HVAC, packaging, automotive and industrial sectors.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...