Reports: Federal funding for Cliffs' project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Contributor: Stephanie Ritenbaugh
Stephanie Ritenbaugh
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Great Lakes iron ore trade fell again in March
Recall that shipments also saw a sharp decline in January.
Algoma looks to sell more steel in Canada in wake of Trump's tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
SMU Week in Review: March 31 - April 6
The constant flow of information we all receive can be a little overwhelming, but SMU is here to help with a snapshot of the week.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them
Nucor's Utermark to retire in June
Chad Utermark, executive vice president of new markets and innovation, plans to retire effective June 7.
Tariff fallout: Canada strikes back, Stellantis idles, GM boosts production
Canada imposes auto tariffs, while automaker Stellantis temporarily idles some plants.
Week in Review: March 23-28
The constant flow of information we all receive can be a little overwhelming, but SMU is here to help with a snapshot of the week.
Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.
Durable goods orders rise again in February
Transportation equipment led the increase, rising 1.5% to $98.3 billion.
Consumer confidence falls for fourth consecutive month
People remain concerned about inflation, trade policies, and tariffs.
U.S. Steel anticipates a loss in first quarter
The Pittsburgh steelmaker expects to see increasing volumes from both Big River Steel and Big River 2.
Housing starts ticked up in February
Single-family starts last month hit a rate of 1.10 million, a month-over-month increase of 11.4%, census data shows.
Architecture billings continued to slide in February
The ABI is a leading indicator for near-term nonresidential construction activity and projects business conditions ~9-12 months down the road (the typical lead time between architecture billings and construction spending).
Galvanized buyers see strong demand, but uncertainty lingers
Demand is up, but tariffs raise concerns
Government seeks extension in USS-Nippon lawsuit as talks continue
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.
Nucor raises HRC list price to $930/ton
This marks the eighth week of increases
The Week That Was: March 10-14
A quick way to catch up on what you might have missed.
Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.
Trump holds off on 50% Canadian steel, aluminum tariffs after day of threats and reversals
Section 232 tariffs are expected to go into effect March 12.
Trade groups push for steel tariffs, no exclusions
The penalties are expected to be reinstated on Wednesday, March 12.
American mills urge Trump to maintain no exceptions on steel tariffs
"We urge you to resist any requests for exceptions or exclusions and to continue standing strong on behalf of American steel," the companies wrote.
Beige Book finds mixed demand trends, tariff concerns
Manufacturing activity exhibited slight to modest increases across a majority of districts. However, manufacturers expressed concerns over the potential impact of looming trade policy changes between late January and February.
Canada, Mexico get 30-day delay on blanket tariffs (again)
The latest on the trade war
Trump vows tariffs and reciprocal levies in speech to Congress
April 2 is when reciprocal tariffs are expected to kick in.
Downstream industries brace for tariffs
The Association of Equipment Manufacturers slammed the use of "broad and indiscriminate" penalties.
ISM: Manufacturing expansion slowed in February
The Manufacturing PMI registered 50.3% in February. That’s 0.6 percentage points lower compared to the 50.9% recorded in January.
Nucor to close Alabama plant, move work to Texas
The company said 79 workers will be impacted.
Algoma Steel temporarily idles blast furnace, local news reports
"We experienced an event at the blast furnace which required a controlled shut down to facilitate repairs," a spokesperson said.