Gerdau is making changes in its North American leadership. Peter Campo, president of the North American long steel division, will leave the company effective Jan. 23. Gerdau CEO Gustavo Werneck will lead operations until a new leader for the division is selected. “The recent change in our business portfolio in North America demanded a shift […]
The pile of unfinished paperwork on President Trump’s desk just got a little taller with Friday’s delivery of the Section 232 report on aluminum. It joins the Section 232 report on steel that hit the president’s desk on Jan. 11, starting the clock on a 90-day deadline for possible trade action. On Jan. 19, the […]
Construction employment continues to grow in the United States. The Associated General Contractors of America notes that 42 states added construction jobs between December 2016 and December 2017. From November to December, 32 states and the District of Columbia added jobs. “Construction employment is expanding in many parts of the country in large part because […]
Steel is a core business for the port in Tampa, Fla., which handled steel and scrap imports and exports totaling about 900,000 tons last year. Hundreds of industry executives will also pass through the port as attendees of the 29th annual Tampa Steel Conference to be hosted by Port Tampa Bay and Ports America on […]
AK Steel has promoted Christopher J. Ross to Vice President and Treasurer from his current position of AK Steel Treasurer, effective immediately. CEO Roger Newport welcomed Ross to the executive team: “This promotion brings additional strength and depth to AK Steel’s financial organization and to our senior leadership team.” Ross began his career with AK […]
Popular economist Alan Beaulieu of ITR Economics will make another appearance as a keynote speaker for Steel Market Update’s premier event, the 2018 Steel Summit Conference, set for Aug. 27-29 at the Georgia International Convention Center in Atlanta. Beaulieu will offer an insightful overview of U.S. economic trends and their implications for the steel industry. […]
AK Steel has confirmed that a ladle used in the steelmaking process at the company’s Middletown Works malfunctioned around 8 a.m. this (Saturday) morning, releasing liquid steel into the facility. The spill caused a fire that drew crews from four area fire departments who worked for over two hours to contain the blaze. A spokesperson […]
Popular economist Alan Beaulieu of ITR Economics will make another appearance as a keynote speaker for Steel Market Update’s premier event, the 2018 Steel Summit Conference, set for Aug. 27-29 at the Georgia International Convention Center in Atlanta. Beaulieu will offer an insightful overview of U.S. economic trends and their implications for those associated with […]
Future automotive trends reinforce the role of steel, says Greg Ludkovsky, vice president of global R&D for ArcelorMittal. In the following commentary, Ludkovsky contends that steel offers the optimal balance of strength, performance and mass reduction with the least impact on the environment compared to aluminum and other materials: While sales of battery electric vehicles […]
Steel Warehouse, South Bend, Ind., has acquired Chicago-based Siegal Steel. The company will continue to operate using the Siegal Steel name under the direction of the current management and operating teams. Further details of the transaction were not released. Founded in 1940, Siegal is a niche steel service center providing heavy-gauge high carbon steel, low […]
On March 28 and 29, 2018, Steel Market Update will conduct our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Merrillville, Ind. This workshop will include a tour of the NLMK USA Portage, Ind., steel mill. Why do companies send employees to our Steel 101 workshops? Because they receive a broader […]
On March 28 & 29, 2018 Steel Market Update will conduct our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Merriville, Indiana. This workshop will include a tour of the NLMK USA Portage, Indiana steel mill. Why do companies send employees to our Steel 101 workshop? Because they receive a broader […]
Emotions are running hot as the market awaits President Trump’s decision on Section 232, and whether to impose new trade restrictions on steel imports for national security reasons. Sharply contrasting comments recently from Dan DiMicco and Richard Chriss serve to bookend both sides of the issue. DiMicco, the former CEO of Nucor and current trade […]
The National Automobile Dealers Association (NADA) predicts sales of 16.7 million new cars and light trucks in 2018. “We expect 2018 to be a robust year,” said NADA Chairman Mark Scarpelli, a multi-franchise dealer near Chicago. NADA’s sales forecast, while down from 2017, is indicative of a stable and healthy market for new vehicles this […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
The Australian Bureau of Meteorology downgraded the status of Cyclone Joyce, off the far northwest coast, to Category 1. The storm made landfall along the Pilbara coast today at around 12:30 a.m. EST (0536 UTC). Winds of about 50 mph are expected to ease as the storm moves inland. The iron ore terminal at Port […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
Steel merchant bar producer Kentucky Electric Steel, located in Boyd County, will cease operations permanantly on March 10, laying off 113 employees. “This is nothing but bad and sad news,” said Boyd County Judge Executive Steve Towler. “Every job we lose has an impact on the county in many ways.” The county is still recovering from […]
Steel Market Update will be opening online registration for our 8th SMU Steel Summit Conference in the coming days. We are now accepting registrations by phone, which you can do by contacting our offices at 772-932-7538 or 706-216-2140. Information regarding dates, costs and other details can be found further down in this article. Steel Market […]
Steel Market Update has opened online registration for our 8th SMU Steel Summit Conference. We are also accepting registrations by phone, which you can do by contacting our offices at 772-932-7538 or 706-216-2140. Information regarding dates, costs and other details can be found further down in this article. Steel Market Update and our Events team […]
Total construction spending in the United States expanded by 1.3 percent in November, versus November 2016, but in the longer term the growth rate is slowing. On a rolling 12-month basis year over year, construction spending slowed every month in 2017. On a rolling three-months basis year over year, growth improved in October and November, […]
A handful of carbon steel plate mills have followed Nucor’s lead and announced price increases of $50 per ton today, effective immediately on all new or unconfirmed orders. All extras will remain unchanged. Evraz North America increased transactional prices on all carbon, HSLA, Hot Rolled Coil, Normalized, and all Quenched & Tempered products including Armor […]
The American Institute for International Steel reports that steel imports dropped sharply from October to November, falling below their year-ago level. The United States imported 2.76 million net tons of steel in November, 11.4 percent less than the preceding month and 1.6 percent less than the previous November. Imports from the three biggest suppliers of […]
President Trump’s plan to revive the coal industry received a blow on Monday when the Federal Energy Regulatory Commission rejected a proposal by Energy Secretary Rick Perry to subsidize certain power plants. Perry’s proposal on grid reliance and reliance pricing recommended regional transmission organizations and independent system operators compensate plants that maintain 90-day fuel supplies […]
Steel Market Update anticipates conducting five Steel 101 workshops during calendar year 2018. Our January workshop scheduled for Mobile, Ala., later this month is sold out. Steel Market Update’s next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop will be held in Merrillville, Ind., on March 28-29, 2018. The two-day session will include […]
Following on the $40 per ton price hikes by most domestic mills earlier this week, ArcelorMittal USA announced the following minimum prices on its carbon steel sheet products today: hot rolled, $720/ton; cold rolled, $900/ton; and hot-dipped galvanized, $900/ton. The new prices are effective immediately on all new and unconfirmed orders with ArcelorMittal USA and […]
AK Steel and NLMK USA raised spot market base prices on all carbon flat-rolled steel prices by $40 per ton today, matching similar $40 hikes on hot rolled, cold rolled and galvanized steel products yesterday by Nucor and U.S. Steel. All four companies said the increase is effective immediately on new orders and will not […]
Olympic Steel’s commitment to ethical behavior is as much about how employees should treat each other as it is about how the company should conduct business with the outside world, says company Chairman and CEO Michael Siegal. Employees communicate periodically with customers and vendors, but they interact with each other every day, so what happens […]
The American Iron and Steel Institute welcomed Canada’s integrated steel company Stelco to its membership at AISI’s recent board meeting in Washington, D.C. “With its significant presence in North America, Stelco will be a great partner in our continued advocacy to fight unfairly traded foreign imports and level the playing field for the North American […]
Union Partners announced the acquisition of Heidtman Steel’s Automotive Steel Technical Center in Gibraltar, Mich. Union will use the steel testing and research facility to bring new advanced high-strength and ultra-high-strength steels to the marketplace. The acquisition also provides the opportunity for future expansion to over 150,000 square feet at the company’s existing Gibraltar facility. […]