Form letters sent to Japan and South Korea’s leaders stating that US President Donald Trump plans to apply 25% tariffs on goods from each nation beginning on Aug. 1 are not applicable to steel or aluminum imports.
Domestic steel mill output inched higher last week, according to the American Iron and Steel Institute (AISI). Raw production remains historically strong and has been growing steadily since April.
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day.
There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to “getting better” and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
We can interpret that managed money still has expectations of price strength while physical participants are running closer to a balance on a net basis.
It will be a shorter week as the United States celebrates Independence Day on Friday. But we won’t leave you high and dry.
US mills shipped slightly less steel in May than in April, according to the latest figures from the American Iron and Steel Institute (AISI).
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.
The United Steelworkers (USW) labor union celebrated recent news of the signed agreement between Atlas Holdings and Evraz NA in which the Connecticut-based private equity company said it plans to acquire North America’s Evraz facilities.
The rig count declined for the 10th consecutive week in the US, while Canadian count rose for the fifth straight week, according to Baker Hughes.
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
David Schollaert presents this week’s analysis of hot-rolled coil prices, foreign vs. domestic.
Steel buyers this week are lamenting weak demand, cautious buying, and So. Much. Uncertainty. I’m no doctor, but I suggest a dual diagnosis of extreme tariff fatigue and early-onset summer doldrums.
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
A look at SMU data for the month of June.
GSCC certifies eight products from Steel Dynamics and Arkansas Steel Associates.
Ferrous scrap export activity has picked up steam.
CDC Atlantic already houses 13 die-casting machines (ranging from 900 to 1,600 tons), three on-site furnaces, and shot blasting capabilities.
What’s going to be the next big thing in steel?
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate’s tax and budget reconciliation bill.
Canada has implemented tariff-rate quotas (TRQs) on steel imports to help stabilize its domestic market.
The owner of Liberty Steel and his family were among the six victims of a plane crash in Ohio on Sunday, according to local media reports.
US manufacturing activity slowed for a fourth straight month in June. That’s a sharp shift after trending up for most of Q1.
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
Will more DRI investment come to the US?
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).