Category: Downstream Products

The Dodge Momentum Index (DMI) grew in May, up from a downwardly revised April reading. Gains were again driven by data centers, though healthcare, retail, and office grew vs. April.

US and Canadian drilling activity ticked higher this week, according to recently released data from Baker Hughes.

Members of the United Autoworkers (UAW) Local 2093 went on strike at the Dauch Corp.'s (formerly named American Axle and Manufacturing) Three Rivers, Mich., facility on Monday. 

American Axle Workers prepare for strike on Sunday 

This Premium analysis examines oil and natural gas prices, drill rig activity, crude oil stock levels, and fuel prices through May.

American Axle (Dauch Corp.) workers in Three Rivers, Mich., have voted to authorize a strike.

Total heating and cooling equipment shipments jumped 24% from February to March according to recently released AHRI figures.

The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.  

The Canadian government has announced CAD$1.5 billion (USD$1.1 billion) in funding available to help companies impacted by US metals tariffs.

Revelar Capital's portfolio firm, Steele Solutions, plans to accelerate the pace of operational growth at newly acquired Maysteel Industries.

Core to the negotiations will be the need for a fundamental rebalancing of the relationship between the United States, Mexico, and Canada - especially when it comes to the steel and autos supply chain.

Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.

No doubt, events will scramble the status quo. Meanwhile, the global systems that have prevented major wars for 80 years are sagging.

Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.

The Trump administration has implemented changes to its steel and aluminum tariff framework that alter how duties are applied to imported manufactured goods, according to an April 2 presidential proclamation.

Atlas Tube, a Zekelman company, said it is expanding its Shuriken® structural nut keeper line.

Heating and cooling equipment shipments declined in January to the second-lowest rate recorded over the past nine years.

Total construction starts edged up 0.7% in January to an annualized rate of $1.24 trillion, according to Dodge Construction Network.

The galvanized steel market is navigating price increases and longer lead times with a surer footing than in prior months.  

The United Auto Workers (UAW) and Volkswagen have reached a tentative agreement covering 3,200 workers at the automaker's Chattanooga, Tenn., assembly plant.

General Motors Canada has laid off ~500 workers at its Oshawa Assembly facility in Ontario, as the plant moves to two shifts of production as of Monday, Feb. 2.

There is no evidence that unofficial talks are taking place to secure tariff reductions on Canadian aluminum or steel. One of the biggest challenges is simply understanding what the US actually wants from Canada.

The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.

Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Recent supply constraints, price increases, shifts in EV and emissions policy, and continued innovation in steel have revived the question of whether automakers might move some applications back from aluminum to steel.

Canadian Prime Minister Mark Carney announced new measures on Wednesday to strengthen the country’s domestic steel industry, which include a tariff on some downstream steel-intensive goods.

Architecture firms reported a modest improvement in billings in October, though business conditions remained soft, according to the latest ABI report.

With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.

US tariff expansion to stainless material in imported downstream products will not be enough on its own to incentivize capital investment

The Trump administration has expanded the list of derivative steel products covered by the now 50% Section 232 tariff.