Steel News

Minor Fire at Burns Harbor Interrupts Operations

Tuesday, September 26, 2017 4:35 PM

Minor Fire at Burns Harbor Interrupts Operations

A minor fire at the ArcelorMittal Burns Harbor plate mill caused a shutdown in operations on Friday. The fire began in the control room for one of the 160-inch shear lines.

Firefighters responded to ..........

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Forecasts Predict Tax Cuts, GDP Growth

Tuesday, September 26, 2017 3:54 PM

Forecasts Predict Tax Cuts, GDP Growth

Congress and the Trump administration are likely to act on both tax reform and infrastructure spending before the end of 2018, predict the majority of forecasters polled by the National Association of Business Economics.

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U.S. Steel, Kobe to Expand PRO-TEC Galv Line

Tuesday, September 26, 2017 3:02 PM

U.S. Steel, Kobe to Expand PRO-TEC Galv Line

U.S. Steel and Kobe Steel announced plans to expand the galvanizing line at their joint venture PRO-TEC Coating Co. in Leipsic, Ohio.

Construction will begin in the fourth quarter on a new continuous..........

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Rules of Origin on Agenda for NAFTA Talks

Tuesday, September 26, 2017 2:39 PM

Rules of Origin on Agenda for NAFTA Talks

U.S. content in NAFTA automobiles is shrinking and contributing to the trade deficit America has with Canada and Mexico, according to Secretary of Commerce Wilbur Ross.

In an editorial for the Wa..........

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Fatality at Nucor Decatur

Monday, September 25, 2017 4:39 PM

Fatality at Nucor Decatur

A contractor at Nucor Steel in Decatur, Ala., died at the mill on Saturday afternoon after falling into a vat containing waste product from finished rolled steel.

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Ten Reasons Why SMU Price Momentum Indicator Adjusted to “Lower”

Sunday, September 24, 2017 7:49 PM

Ten Reasons Why SMU Price Momentum Indicator Adjusted to “Lower”

On Friday, Steel Market Update (SMU) adjusted our Price Momentum Indicator to Lower from Neutral. It is our opinion that flat rolled steel prices will move lower over the next 30 days for the following 10 reasons:

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Steel Price Direction - Our Respondents Lead the Way

Sunday, September 24, 2017 5:15 PM

Steel Price Direction - Our Respondents Lead the Way

Steel Market Update (SMU) asked those responding to last week’s flat rolled steel market trends questionnaire where they see flat rolled steel prices headed? The results are shown in the graphic below. However, what is also of interes..........

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Chinese Steel Production Outpaces World

Sunday, September 24, 2017 4:18 PM

Chinese Steel Production Outpaces World

Growth in Chinese steel production continues to outpace the world, according to a Steel Market Update analysis of World Steel Association data.

Production in the month of August was 143,580,000 metri..........

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September Shipping Report

Sunday, September 24, 2017 3:29 PM

September Shipping Report

Seaborne shipping is getting a much needed rise in rates. Freight rates are gaining strength following two years of historic lows, says MID-SHIP report. The Baltic Dry index, a benchmark for overall trade volume, rose to 1470 on Sept. 2..........

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Nucor Calls for Stronger Buy American Policies

Sunday, September 24, 2017 3:02 PM

Nucor Calls for Stronger Buy American Policies

Nucor Corp. executives urged the U.S. Trade Representative and Department of Commerce to vigorously oppose any efforts to weaken existing Buy America/n requirements, in their comments on President Trump’s April executive order. The st..........

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