Olympic Steel has seen jobs for line pipe jump in recent weeks as the Trump administration has talked up fossil fuel production, which is good news for hot-rolled coil producers. Meanwhile, tariff talk has lengthened lead times, Olympic executives said.
Reliance noted that it is about 95% domestically sourced.
"The collaboration with these three companies will enhance AISI’s already significant engagement with members of Congress and the administration," the group's CEO said.
Automakers, construction, manufacturers raise concerns
The new version of Section 232 goes into effect on 12:01 am ET on March 12, according to the executive order. The latest iteration of Section 232 removed quotas, exemptions, and other carve outs that had accumulated over years.
If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.
There's a lot of production waiting to come online
Steel and aluminum have been identified as high priorities for trade
Muted demand from the auto industry took a particular toll later in the year.
Despite the gain, the index remains below both the levels of November 2024 and the 2024 average.
But the Swedish steelmaker is optimistic about a rebound
“More needs to be done to ensure that these illegally dumped and subsidized imports do not continue to distort the American market in a road profitability," Nucor's CEO said.
Ancora has nominated nine board members to U.S. Steel's 12-member board and seeks to install Alan Kestenbaum as CEO to replace David Burritt.
Alan Kestenbaum was the featured speaker at SMU’s Community Chat on Wednesday, where he discussed US Steel, tariffs, climate policy and other topics.
The amount of manufacturers who are optimistic about the next three months rose by 5% to 35%.
The 106” Mill was part of Algoma's plate and strip combination facility.
The incoming administration said it also wants to streamline permitting and roll back regulations.
Denver-based service center Brown Strauss Steel has named Kris Farris as CEO, effective Jan. 1. Farris has also joined the company’s board of directors. He previously served as president and COO of Brown Strauss Steel. Farris is taking over from Ryan Secrist, who held the CEO role since 2013. Secrist is stepping down from position […]
The Department of Energy's Industrial Demonstrations Program page states that it is no longer moving forward with SSAB.
“Price increases, while subdued, picked up,” Richard Deitz, Economic Research Advisor at the New York Fed. “Firms grew more optimistic that conditions would improve in the months ahead.”
He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.
AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.
The steelmaker is completing construction of two such production facilities in Alabama and Indiana.
The company said the biggest headwind it's facing is the downturn in manufacturing.
Both sides had agreed to extend the current contract to Jan. 15 to continue talks
AZZ Inc. is looking to make some deals after focusing on paying down debt.
Slow construction activity and low steel prices weighed down profits for Commercial Metals Company.
The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.
Alkar Steel and Processing supplies hot- and cold-rolled steel, high carbon spring steel, high strength-low alloy steel, coated and stainless steel products throughout the Midwest.
The announcement comes a little more than a year after Borusan acquired Panama City, Fla.-based Berg Pipe for $162 million.