The amount of raw steel produced by US mills declined last week to the lowest rate recorded in over four months, according to recently released American Iron and Steel Institute (AISI) data. Domestic production has been historically strong for over five months now, recently touching a six-year high.
Canadian steel producers will get new help moving material across the country under a federal freight rebate plan launched on Aug. 10.
Licenses to import steel into the US surged in July to the highest level since June 2025, according to recently released US Commerce Department data. Final June figures show a 3.8% month-on-month decline, while July licenses show a 9% recovery.
Baker Hughes' latest data shows US oil and gas drilling activity was steady this week at a multi-year high, while activity slowed slightly in Canada.
The Longview, Texas-based flat-rolled processor and pipe manufacturer reported 206,000 short tons of shipments in the quarter, an increase of 28% from a year earlier.
US anti-dumping and countervailing duties (AD/CVDs) on light-walled rectangular pipe and tube from four countries will remain in place for another five years after a key injury determination.
The amount of raw steel produced by US mills increased last week to the highest rate recorded since early June. Domestic production has been historically strong for over five months now.
Drilling activity increased in both the US and Canada this week, touching new multi-month highs, according to recently released Baker Hughes figures.
Domestic steel mill output increased last week and remained historically strong, according to recently released American Iron and Steel Institute (AISI) figures.
Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes.
Total US raw steel mill output declined last week to the lowest rate seen since April, according to the latest American Iron and Steel Institute (AISI) figures
Apparent steel supply jumped 8% from April to May to a near four-year high, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures.
Steel exports eased 1% in May and remain significantly lower than trade of previous years.
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count data from Baker Hughes.
Barry Zekelman showed up to last Wednesday’s SMU Community Chat as his usual self: energized, blunt, and unapologetically bullish on the US steel industry.
Monthly steel imports rose back above 2 million short tons (st) in May and June, further recovering from the historic lows seen late last year, according to recent Commerce data.
Testimony at last week’s Section 301 hearing put Brazilian pig iron in the spotlight. Domestic steelmakers and Brazilian suppliers warned that proposed forced labor tariffs would hit a critical US input for which there is no domestic substitute.
Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures
The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.
Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.
Talks of a potential joint venture between Atlas Tube and Maruichi USA have ended.
Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.
Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.
Total US raw steel output declined last week for the third-consecutive week but remains historically strong.
Consolidation continues in the HSS (hollow structural sections) sector, with two big deals announced just this month.
The company announced an investment of more than $90 million for its steel shop in Koppel, Pa., and its seamless pipe manufacturing plant in Ambridge, Pa.
The investment will install a new quench-and-tempering line at the facility, which manufactures seamless pipe and tube.
US raw steel production has eased over the past month following the multi-year high seen in May, according to recent American Iron and Steel Institute (AISI) data
South Korea has overtaken Canada as the top foreign supplier of steel to the US market.
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count figures from Baker Hughes.