Category: Market Segment

Raw steel production in the US was down for the week ended Nov. 4, according to data released by the American Iron and Steel Institute (AISI) on Monday, Nov. 6.

The US Department of Commerce’s International Trade Administration (ITA) is updating import duties on hot-rolled steel flat products from Japan and South Korea.

U.S. Steel said it is laying off 105 IT workers in Pittsburgh, according to a November WARN notice filed with the Pennsylvania Department of Labor and Industry.

You could make a case that Nov. 1 was April Fool’s Day for steel – or at least for the widespread rumor that Cliffs would announce a $10-billion deal for U.S. Steel on that date. I’m not going to endorse any precise date or price tag. But I’d be surprised if a deal – or […]

GrafTech International reported a bumpy third quarter. But despite the challenges, the company said it's certain that improvement is on the horizon.

Olympic Steel’s earnings edged up in the third quarter vs. a year earlier, though sales declined due to lower metal pricing, the Cleveland-based metals service center said.

Canada's Algoma Steel is planning two 20-day outages next year as it brings the second phase of its plate mill modernization project online.

Algoma Steel said its quarterly earnings were impacted by falling steel prices and lower buying associated with the United Auto Workers (UAW) strikes in the US. But with the strikes wrapping up, it expects a recovery in both pricing and demand moving forward.

The American steel industry is the backbone of the US economy and produces the cleanest steel in the world.

Brown Strauss Steel has acquired Black Diamond Pipe & Tube Inc. of Peotone, Ill., just south of Chicago.

Arkansas-based metals processor Boyd Metals, is expanding its footprint at its Little Rock, Ark., facility.

Klöckner & Co. said it has agreed to acquire South Carolina-based fabricator Industrial Manufacturing Services (IMS) through US subsidiary Kloeckner Metals Corp.(KMC).

Ryerson Holding Corp, has acquired non-ferrous metals distributor TSA Processing.

Klöckner & Co. posted a narrower net loss in the third quarter as the Duisburg, Germany-based service center group touted the expansion of its North American footprint.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, the UAW strike, and what people were talking about in the market.

Nucor’s plate price cut notice caught many off guard this week, especially after the company had maintained its pricing position in late September.

Grand Rapids, Mich.-based carbon flat-rolled steel distributor Mill Steel Co. has appointed Kip Craddick as its new VP of sales.

Latin American flat-rolled steelmaker Ternium is seeing strong demand in Mexico, its main market. With its new mill in Pesquería, Mexico, up and running, more lines there set to come online, and the company now holding an increased stake in Brazilian mining and steel company Usiminas, Luxembourg-based Ternium is optimistic about the future direction of the company.

Although SunCoke Energy Inc.'s third-quarter earnings slumped due to market challenges, the company said it is content with its third-quarter performance.

The “Big Three” Detroit-area automakers' tentative labor agreements are set to expire on April 30, 2028, six months longer than the normal four-year agreements.

The Alliance for Automotive Innovation (AAI), the association representing auto manufacturers making most vehicles sold in the US, has voiced its opposition to the potential acquisition of U.S. Steel by Cleveland-Cliffs.

U.S. Steel said it has converted two of its diesel switcher locomotives to “state-of-the-art battery-operated locomotives.”

Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.

The United Auto Workers (UAW) reached a tentative agreement with General Motors on Monday. If all tentative deals on the table are ratified, this could signal the end of the "stand-up strike."

Ford Motor Co. said the United Auto Workers' (UAW) strike has shaved ~80,000 vehicles from production.

Raw steel production in the US continued to climb in the week ended Oct. 28, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 30.

It’s official: U.S. Steel is idling its UPI operations in Pittsburg, Calif., by year’s end.

Canadian union Unifor has reached a tentative agreement with automaker Stellantis, ending the strike at all member-represented facilities.

The St. Lawrence Seaway is reopening after a tentative agreement has been reached between striking Unifor members and the St. Lawrence Seaway Management Corp. (SLSMC).

General Motors has reached a tentative labor agreement with the United Auto Workers (UAW) union, according to an article in Bloomberg.