Category: Market Segment

Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.

He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.

The steel industry may have to wait even longer for the initial duty determinations in the pending coated steel unfair trade investigations.

Cleveland-Cliffs could be teaming up with Nucor to make a play for U.S. Steel, according to an article at CNBC.

The Biden administration has pushed back until June the date for which Nippon Steel must unwind its $14.9-billion dollar deal for Pittsburgh-based U.S. Steel, the companies said on Saturday.

Locking out its union employees two days before Christmas, Welded Tube's behavior has been very "Grinch-like," according to the USW.

This may be the most consequential six months for trade policy in recent memory. The wait to see what form Trump's actions take is almost over.

AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.

The steelmaker is completing construction of two such production facilities in Alabama and Indiana.

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.