Category: Market Segment

Italian mill equipment provider Danieli announced a Mexican company has ordered two electric-resistance welded (ERW) tube mills from Danieli Centro Tubes.

Russel Metals has completed the acquisition of seven service center locations from Samuel, Son, & Co.

Altos Hornos de México (AHMSA) announced it is entering the third stage of bankruptcy.

The Department of Commerce issued the p antidumping and countervailing duties (AD/CVDs) on corrosion-resistant steel products (CORE) from South Korea.

Friedman Industries reported positive earnings in its 2024 fiscal first quarter ended June 30.

Specialty steel maker Metallus, formerly known as TimkenSteel, has officially begun work on a bloom reheating furnace at its Faircrest plant in Ohio.

The European Commission has initiated a trade case investigating allegedly dumped hot-rolled coil imports from Egypt, India, Japan, and Vietnam. The European Steel Association (EUROFER) filed the complaint in June, according to an Aug. 8 notice in the Official Journal of the European Union.

Domestic steel mill output rose last week after falling for two straight weeks, according to the latest release by the American Iron and Steel Institute (AISI). Total raw steel mill production was estimated at 1,735,000 short tons (st) in the week ending Aug. 10. That’s up 13,000 st, or 0.8%, from the week prior. It’s […]

The Department of Commerce is updating the antidumping duties on imports of circular welded carbon-quality steel pipe from the Sultanate of Oman’s Al Jazeera Steel Products Co.

Canada’s steel and aluminum industries joined forces to call on the government for the imposition of tariffs on steel, aluminum, and electric vehicles.

A long-awaited reconsideration of the status of Vietnam as a “non-market economy” was completed by the Commerce Department earlier this month. Hundreds of companies, associations, and politicians weighed in on the question. On Aug. 2, Commerce released its conclusions in a 248-page memorandum, deciding that Vietnam remains a non-market economy (NME) under the US antidumping law. But what are the implications for Vietnam and for other countries with the same status?

The Court of International Trade (CIT) has ruled against BlueScope Steel and its affiliates' challenge of a sunset review of the antidumping duties on hot-rolled (HR) steel flat imports.

Shipments of heating and cooling equipment moved higher in June, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). June shipments increased 10% month on month (m/m) to 2.16 million units. This was a 7% boost over the same month last year. June represents the best monthly shipment rate year-to-date, […]

The latest figures show a 17% surge over year-ago levels and the best mark since December 2022.

The company is in the process of being acquired by Cleveland-Cliffs in a deal valued at USD$2.5 billion.

US steel shipments fell both on-year and month over month in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Klöckner & Co. swung to a loss in the second quarter on-year, as the company expects a slip in sales for full-year 2024 because of the drop in steel prices.

Ryerson has acquired Production Metals, LLC, a Monroe, Conn.-based aluminum, stainless, and specialty steel distributor, for an undisclosed sum.

The US Commerce Department on Friday released its determination confirming that the Socialist Republic of Vietnam continues to function as a non-market economy (NME). The department’s decision represents a significant victory for domestic manufacturing. It is also critical to leveling the playing field for US industries and will support greater opportunities for growth and fair trade in the United States. The government of Vietnam had requested that Commerce reconsider its NME designation. It argued that Commerce Secretary Gina Raimondo had pledged to support the changing of its status to a market economy.

Olympic Steel’s earnings tumbled in the second quarter as the company expects near-term business conditions to remain “challenging.”

The US Department of Commerce has announced its determination that Vietnam will keep its classification as a non-market economy (NME) country.

Construction spending in the US in June was slightly lower, declining for the second straight month. Despite the decline it increased notably year on year (y/y).

U.S. Steel posted significantly lower second-quarter profits on falling prices and start-up costs at its Big River Steel (BRS) campus in Osceola, Ark.

ArcelorMittal’s earnings fell precipitously from a year earlier as the company said current market conditions are unsustainable.

Lower steel prices and expenses from ongoing litigation negatively impacted Ternium’s second-quarter results. On Wednesday, the Luxembourg-based Latin American steelmaker posted a Q2 loss of $743 million on sales that rose 17% from last year to $4.5 billion.

Ryerson's earnings slumped in the second-quarter on-year but swung to a profit from the first quarter.

Charter Manufacturing, a diversified metals manufacturer, has agreed to buy regional scrap metal recycler Niles Iron & Metal Co.

When we last talked to Jared Rowe in May, he had just been appointed Reibus International's new CEO and chairman of the board. Now two months into the job, SMU caught up with him on our July 24 Community Chat for the latest on the online metals marketplace.

Japan’s Nippon Steel announced it was withdrawing from a joint venture (JV) with China's Baoshan Iron & Steel (Baosteel) that served the Chinese automotive industry.

Six steel industry organizations have urged House Speaker Mike Johnson to include the Leveling the Playing Field 2.0 Act in any proposed package of legislation against China’s "unfair" trade practices.