Reshoring or nearshoring in manufacturing is real and happening now. And that trend is driving steel consumption, executives from steelmaker Ternium and service center group Reliance Steel & Aluminum said at SMU’s Steel Summit this week in Atlanta.
To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Barry Zekelman, executive chairman and CEO of Zekelman Industries, joined SMU managing editor Michael Cowden in a fireside chat to close out the 2013 Steel Summit’s opening day.
US steel exports remained elevated during the month of June, staying above the 900,000-ton mark for a second consecutive month.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
The United Steelworkers (USW) union is standing firm in its backing of Cleveland-Cliffs’ bid for U.S. Steel.
U.S. Steel has provided some clarity for the United Steelworkers (USW) union regarding the union's rights as the steelmaker considers multiple offers to buy the company.
Mill lead times for most sheet products this week were basically flat compared to SMU's market check two weeks ago. Those for plate shortened once again.
The US Department of Commerce has published its preliminary findings in the antidumping (AD) trade case investigating tin mill products from China and Canada.
Resonac announced this week it plans to acquire 100% of the outstanding shares in Monterrey, Mexico-based AMI Automation.
Sims Metal is expanding its extensive network of scrap recycling facilities in the US with the addition of Baltimore Scrap Corp. (BSC).
Longview, Texas-based steel processor Friedman Industries is anticipating steady demand in the current quarter.
Despite reporting the third highest quarterly revenues in its history, Greenwave Technology Solutions still posted a loss for the quarter ended June 30.
Stellantis is apparently not thrilled with the demands of the United Auto Workers as the parties make their way through this year’s labor negotiations.
US plate producers were successful in their most recent effort to have the suspension agreement on cut-to-length plate imports from Russia removed and replaced with antidumping duties.
U.S. Steel has an upcoming mill outage planned for routine maintenance at its Big River Steel mill in Osceola, Ark.
If you haven’t already registered, there’s still time to join the more than 1,300 attendees from over 500 companies that will be in Atlanta for Summit.
Russel Metals posted solid second-quarter earnings. The Toronto-based company anticipates a continuation in steady demand for its service centers and steel distributors.
Longs producer and metal recycler Gerdau reported lower second-quarter production and shipments due to several mill outages.
After a sunset review, antidumping and countervailing duties on cut-to-length carbon-quality plate imports from India, Indonesia, and South Korea will remain in place for another five years.
While Canadian integrated steelmaker Stelco remains committed to decarbonization its steelmaking operations, it has no plans to convert to electric-arc furnace (EAF) steelmaking, nor to buy an EAF steelmaker anytime soon.
A former leader of Ford Motor Co. recently spoke out on the potential for a United Auto Workers (UAW) strike at the Big Three Detroit automakers.
Certain welded pipe and tube products being exported from Vietnam to the US are not circumventing antidumping duties on Taiwanese pipe products, the US Department of Commerce said this week.
A strike at the Big Three Detroit automakers continues to loom on the horizon, and that potential is increasing as the United Autoworkers (UAW) union is pushing for big changes to labor contracts in the wake of soaring profits from the automakers.
Nucor Corp. announced it will be providing steel to help build a new solar project in Kentucky. In addition, the steelmaker has agreed to purchase power from the project.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).
The US Department of Commerce has updated antidumping duties on several welded pipe and tube products, according to Federal Register filings reviewed by SMU.
The spread between hot-rolled coil (HRC) and galvanized coil base prices widened over the last month as hot rolled prices declined faster than prices for galvanized product.
US steel imports look to have fallen significantly during the month of July, based off license data from the US Department of Commerce collected through July 31.
Despite an uncertain economic outlook, Olympic Steel is expecting demand to remain steady in the current quarter.