Worldsteel Elects Nucor’s Topalian as New Chairman
Nucor’s President and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).
Category: Market Segment
AHRI: Shipments Heated Up in August
Heating and cooling equipment shipments in the US ticked up in August, according to newly released data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Shipments in August totaled 1.9 million units, compared to 1.7 million units reported in July. Shipments were up 15% month over month (MoM) but down 2% year over year […]
Nucor Subsidiary Buys Cincinnati Scrap Assets
River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal.
Unifor Members Ratify New Labor Deal with GM Canada
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
CRU: Grupo Simec Shuts Two Republic Steel Mills For Good
Specialty steel producer Grupo Simec has permanently closed down its Republic Steel mills in Canton, Ohio, and Lackawanna, in New York state, it has emerged.
CRU Aluminum: UAW Strikes and Slowing Trailer Build Rates Lower Demand Outlook
The LME aluminum 3-month price was stable on the morning of Oct. 13, trading at $2,201 per tonne at that time.
AZZ Inc. Swings to Profit in Fiscal Q2 on Infrastructure Spending
Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.
Commerce Updates AD/CVDs on Korean Cold Rolled
The US Department of Commerce’s International Trade Administration (ITA) is updating the antidumping and countervailing duties (AD/CVD) on cold-rolled steel imports from South Korea.
SMA: A Closer Look at the EU-US Global Arrangement Talks
The US will host the European Commission and the European Council at a summit in Washington on Oct. 20. A trade agreement on steel and aluminum will likely be on the agenda.
UAW Announces New Phase of Strike Against 'Big Three' Automakers
The United Auto Workers (UAW) union announced a new phase in its ongoing stand-up strike against the Big Three Detroit-area automakers on Friday.
SMU Survey: Current Buyers Sentiment Slips, Future Level
SMU's Current Steel Buyers Sentiment Index edged down this week while the future index remained flat, based on our most recent survey data.
U.S. Steel Opens New NGO Electrical Steel Line at BRS
U.S. Steel Corp. celebrated the opening of its $450-million non-grain oriented (NGO) electrical steel line at its Big River Steel Works in Osceola, Ark.
CMC Reports Strength in North America as Europe Struggles
With solid demand and attractive margins, the North American market has been helping to prop up CMC’s results as its European operations struggle with weaker demand amid challenging market conditions.
Buyers Say Mills Less Willing to Negotiate Lower Prices: SMU Survey
The mill negotiation rate for all products SMU looks at fell this week, with hot rolled dropping 13 percentage points, according to our most recent survey data.
SDI Slates Four-Day Outage at Indiana Sheet Mill
Steel Dynamics Inc. (SDI) plans to take a four-day outage at its sheet mill in Butler, Ind., according to sources familiar with the matter.
UAW Strikes Ford Kentucky Truck Plant
The United Auto Workers (UAW) unexpectedly expanded its strike against Ford on Wednesday evening, when 8,700 union members walked out of the automaker’s Kentucky Truck Plant.
Feralloy Sets $8.75M Expansion Plan at Alabama Plant: Report
Feralloy Corp. is planning an $8.75-million expansion at its Decatur, Ala., Red Hat Road plant, according to a local report.
Commerce Gives Final Ruling in Japanese Tin Products Sunset Review
The US Department of Commerce has issued its final ruling in an expedited sunset review of antidumping duties on imports of tin mill products from Japan.
Samuel Appoints New CFO
Samuel, Son & Co. has named Maria Perrella as its new CFO.
Leeco Names New Sales Manager for Northern Region
Leeco Steel has promoted Tom Murray to sales manager, north. The appointment was effective Oct. 1.
AGC: Construction Added 11,000 Jobs in September
The construction sector added 11,000 jobs in September, according to the Associated General Contractors of America (AGC).
US, EU Set to Extend 'Global Arrangement' Deadline: Report
The US and European Union are expected to sign a political agreement that puts a hold on a part of the Global Arrangement on Sustainable Steel and Aluminum (GSA) regarding the decarbonization of steel and aluminum making, according to an article in The Financial Times.
Unifor Reaches Labor Deal with GM Hours After Striking
Canada’s Unifor union reached a tentative labor agreement with General Motors on Tuesday, Oct. 10.
US and EU to Discuss 'Global Arrangement' for Steel and Aluminum
The US and European Union will continue trade talks on Friday, Oct. 20, according to a statement from the European Council.
Raw Steel Down in First Week of October: AISI
US raw steel production dropped for the week ending Oct. 7, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 9.
H2 Green Steel Considers Quebec for New Mill
H2 Green Steel is in talks with Canada to potentially build a new green steel project in Quebec.
Esmark Starts Flat Rolled Supply Business in Mexico
Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.
UAW Workers at Mack Trucks Strike After Rejecting Deal
The United Auto Workers (UAW) said 4,000 union members at Mack Trucks have rejected a tentative labor agreement and went on strike Monday morning.
Olympic Names New Aluminum Sales Director
Cleveland-based service center group Olympic Steel has named a new aluminum sales director.
Leibowitz: The 2023 Supreme Court Term and International Trade Law
The 2023 term continues a series of very eventful Supreme Court sessions, similarly to 2021 and 2022 terms.