Trump orders new CFIUS review for USS
President Trump has ordered a new review of Nippon Steel’s proposed buy of U.S. Steel, to be completed within 45 days.
Contributor: Ethan Bernard
Ethan Bernard
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Scrap market chatter this month
Scrap buyers sound off on prices, demand, etc., in SMU's monthly scrap survey.
Final Thoughts
Who could’ve guessed that the first stage to follow liberation would be confusion. Well, when things get this liberated this fast, perhaps it’s to be expected. From the 30,000-foot view, “Liberation Day” didn’t have a significant impact on steel tariff-wise. That is, the Section 232 steel and aluminum tariffs stand alone from the reciprocal tariffs […]
Steel, recycling trade groups differ in 'Liberation Day' reactions
US steel trade groups representing mills had a far more positive reaction to President Trump’s “Liberation Day” than the leading recycled metals association.
Trump's 'Liberation Day' brings 10% baseline tariffs; steel, aluminum, and autos/parts excluded
President Trump’s promised “Liberation Day” has arrived, with a 10% minimum tariff on imports. But there are some very important exceptions: The United States’ USMCA partners, Canada and Mexico, are excluded from the reciprocal tariffs for now. In addition, steel, aluminum, as well as autos and auto parts are excluded from the reciprocal tariffs. That’s […]
Atlas Tube debuts 'HSS Connections Hub'
Atlas Tube, part of Zekelman Industries, has introduced an engineering resource aimed at simplifying Hollow Structural Sections (HSS) connection design for structural engineers and fabricators.
Final Thoughts
The market breathlessly awaits the arrival of President Trump's "Liberation Day."
ISM: Manufacturing expansion loses steam after two months of growth
US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Olympic opens new Houston facility for Action Stainless unit
Olympic Steel has opened a new facility in Houston to support its Action Stainless business.
Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.
Crowe's Schrock explains how to adopt AI at your firm
Crowe's Doug Schrock explains how to get up and running with AI at your company.
European Commission eyes stricter limit on tariff-free steel imports
The European Commmission is reducing the amount of tariff-free foreign steel that can enter the EU.
Trump says exceptions could exist on reciprocal tariffs
President Trump said on Monday there may be exceptions for some countries on reciprocal tariffs.
Hyundai formalizes plan to build $5.8B steel mill in Louisiana
South Korea’s Hyundai has formally announced a nearly $6-billion investment to build a steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
SMU Survey: Perspectives differ on impact of Trump tariffs
Are President Trump's tariff policies helping? Steel buyers offer their opinions on the impact of Trump's tariffs.
Final Thoughts
From the Smoot-Hawley Tariff Act of 1930 to George W. Bush's temporary 30% tariff, SMU takes a look at steel tariffs past.
CMC earnings fall on seasonal weakness, economy woes
CMC’s earnings tumbled in its fiscal second quarter on seasonal weakness and continued shakiness in the wider economy.
European Commission makes public steel action plan
The European Commission unveiled A European Steel and Metals Action Plan aimed at safeguarding the European Union’s steel and base metals production.
Final Thoughts
Do recent actions by the EPA on deregulation signal a new course for the agency, and how could it affect steel?
HRC vs. scrap spread widens over $150/ton in March
The HRC vs. prime scrap spread increased again in March.
Trump says no exemptions on steel, aluminum tariffs: Report
President Trump said he has no plans to create exemptions on the recently enacted steel and aluminum tariffs, according to media reports.
Zekelman Industries alters leadership structure
Zekelman Industries has made changes to its leadership structure.
Final Thoughts
Is a fissure opening up between manufacturers and the mills on President Trump's tariffs?
Ferrous scrap tags rise amid short supply, tariff volatility
Ferrous scrap prices rose across the board in March as the market adapted to short supply and the volatile tariff situation, sources told SMU.
Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.
Steel, manufacturing, and union groups divided on S232 tariffs
Domestic steel trade associations, manufacturing groups, and the United Steelworkers (USW) union had mixed reactions to the implementation of new Section 232 tariffs without exclusions on Wednesday. Trade groups representing steel mills broadly supported President Trump’s actions, while the USW and some groups representing manufacturers were more critical. AISI Kevin Dempsey, president and CEO of […]
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Final Thoughts
With the tariff craziness showing no signs of abating, we take you on a tour of the current situation.
Olympic taps Zito for new VP of development role
Cleveland-based Olympic Steel Inc. has promoted Scott M. Zito to the newly created role of vice president of business development. Zito has been with the company for more than 40 years.