Category: Market Segment

The Lake Carriers’ Association reported a 4.5% y/y decline in December’s ore shipments of 4.6 million short tons.

It feels a little like déjà vu: Trump threatens tariffs, Canada retaliates with tariffs of its own.

Both sides had agreed to extend the current contract to Jan. 15 to continue talks

Steel fabricators and distributors SPS Companies and State Steel will be merging their service center businesses under the SPS Companies family of firms.

Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.

AZZ Inc. is looking to make some deals after focusing on paying down debt.

The Trump administration may be considering alternative tariff plans, but Trump said the report is "Fake News."

Nippon Steel and U.S. Steel have filed two lawsuits, one against the US government and the other against Cleveland-Cliffs and the United Steelworkers (USW) union's leader.

Slow construction activity and low steel prices weighed down profits for Commercial Metals Company.

The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.

As one of my university professors once said (and it’s stuck with me for half a century), “Change is the only permanency.” On Friday, President Biden acted to block the acquisition of United States Steel by Nippon Steel Corp. of Japan, without acknowledging the changes that have already occurred in the steel industry, and which are likely to increase. After more than a year of raging debate, it seems that nobody was convinced by arguments. Nippon’s worker-centered concessions, including safeguarding the jobs of U.S. Steel’s unionized workers and committing to more than $2 billion in investments for the aging plants at Gary, Ind., and the Mon Valley complex in Pennsylvania, were not mentioned in the president’s announcement on Friday.

The chief executive of U.S. Steel has come out against President Biden’s decision to block the USS/Nippon Steel deal, calling it “corrupt.”

“We continue to make significant progress in our strategic transformation to become one of North America's leading low-carbon steel producers, setting the stage for an exciting 2025,” CEO Michael Garcia said.

“Responsible management will continue to invest in those facilities,” McCall stated.

Alkar Steel and Processing supplies hot- and cold-rolled steel, high carbon spring steel, high strength-low alloy steel, coated and stainless steel products throughout the Midwest.

The deal was cleared by the Czech Republic’s anti-trust office which says the transaction will not distort competition.

President Joe Biden has blocked Nippon Steel's proposed buy of Pittsburgh-based U.S. Steel, citing national security reasons.

The US Department of Commerce has determined that anti-dumping and countervailing duties (AD/CVDs) on welded line pipe imports from China and Japan should remain in place for five more years.

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.