Category: Market Segment

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 […]

The Canadian government estimates steel and aluminum imports from China will decrease by nearly 50% due to newly implemented tariffs.

The president-elect has wasted no time in using the threat of tariffs to reopen negotiations and, ideally, score other political wins along the way.

Canada has launched its own investigation into the dumping of corrosion-resistant steel sheet. Unlike the sprawling coated case underway in the US, this one will look at coated imports from just one country and company.

Domestic steel shipments were down month over month and on-year in October.

Jodi Parnell has been named president and CEO of Birmingham, Ala.-based service center group O’Neal Steel.

Russel Metals Inc. has closed on its buy of Tampa Bay Steel.

During the first 10 months of this year, construction spending rose about 7.2% over last year.

Following the short-lived East Coast port labor strike in October, we now turn toward the Jan. 15 deadline to reach a long-term agreement.

A trustee will lead AHMSA through the liquidation stage of its bankruptcy.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

The move comes less than two months after Tavares announced that he would step down in early 2026.

After a career in steel spanning four decades, Chuck Schmitt, head of SSAB Americas, will retire next year.