Category: Market Segment

The Biden administration is facing a deadline on the Nippon Steel/U.S. Steel deal by Tuesday, Jan. 7, according to a Dec. 31 article in The Washington Post.

The announcement comes a little more than a year after Borusan acquired Panama City, Fla.-based Berg Pipe for $162 million.

Domestic steel production has modestly recovered since bottoming out in October but is significantly less than levels recorded earlier in the year.

Japan’s Nippon Steel says it has achieved the world’s highest reduction in CO2 emissions to date by using heated hydrogen instead of coal to reduce iron ore in a blast furnace.

Nucor said on Monday, Dec. 30, that it was keeping its spot base price for hot-rolled sheet this week at $750 per short ton (st).

At holiday time, it’s customary to think about what’s happened during the year gone by and what to hope for (or brace for) in the next.

Nippon Steel's purchase of U.S. Steel could lead to lower steel output domestically, and that presents “a national security risk," the Washington Post reported.

Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?

The November ABI decreased month over month but was still the third-highest reading of the past two years.

Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.

The American Iron and Steel Institute (AISI) lauded the recent passage of a water resources bill in Congress.

A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.

Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.

Most expect activity to hold steady or increase over the next three months.

Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.

“Manufacturers are optimistic,” said Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee.

Depressed demand and weak prices drove Worthington Steel’s second fiscal quarter results to a sequential decline.

“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.

The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.

Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.

The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.

The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.

In 2024, volatility with a capital “V” has been the rule. That will remain high heading into 2025.

The world has had a few shocks recently. The CEO of a major health insurance company was gunned down in Manhattan. The 50-year Assad dynasty in Syria was pushed out less than two weeks after rebels started an offensive. And President-elect Trump is promising tariffs on everything a month before he takes office. But one shock has been taking place for a lot longer than the last few weeks. The 70-year consensus on trade hasn’t just been challenged. It’s been repudiated.

Nippon Steel addressed a host of objections by the United Steelworkers (USW) related to the Japanese steelmaker’s proposed buy of Pittsburgh-based U.S. Steel.

Since sharply falling in September and October, weekly production has marginally trended higher for the past two months, but remains significantly low compared to levels recorded earlier this year

Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."

We focused on trade actions the second Trump administration might take in a prior column. Since then, we have learned more about the individuals who will be leading these efforts. Recent nominations reinforce the president-elect’s statements that tariffs will feature prominently in the second administration and that trade actions will be unveiled at lightning speed.

Transition to a new administration is always uncertain. This one is more uncertain than most.

A newly adjusted anti-dumping duty on imports of oil country tubular goods (OCTG) from Argentina is too low, according to U.S. Steel. This past week, the Department of Commerce released the preliminary results of annual AD duty order reviews on OCTG from both Argentina and Mexico. It is reviewing imports during the one-year period that […]