Steel News

Final Thoughts

Wednesday, October 11, 2017 12:00 PM

Final Thoughts

We received a number of responses to our articles on ethics. We didn't want to beat a dead horse by producing another article this evening, even though there is plenty to write about. For those of you who have not noticed, Kobe Steel in..........

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SMU Price Ranges & Indices: HRC, GI and Plate Drop

Tuesday, October 10, 2017 10:21 PM

SMU Price Ranges & Indices: HRC, GI and Plate Drop

Some key price levels have been left in the dust when it comes to flat rolled and plate prices. On Friday of this past week, Steel Market Update (SMU) reduced the lower end of the range on hot rolled and our average dropped below $600 p..........

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Weekly Raw Steel Production Increases

Tuesday, October 10, 2017 8:49 PM

Weekly Raw Steel Production Increases

U.S. raw steel production for the week ending Oct. 7 totaled 1,741,000 net tons, a 5.2 percent increase from the same period last year, and up 2.1 percent from the prior week. The mill capability utilization rate for the week averaged ..........

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SMU Market Trends Survey: Bearish Signs

Tuesday, October 10, 2017 6:44 PM

SMU Market Trends Survey: Bearish Signs

Responses to several subjects in last week’s Steel Market Update flat rolled steel market trends questionnaire shared a common thread. Comments on demand, pricing, purchases of foreign steel and inventory levels all tended to reflect ..........

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Global Forum Report on Excess Steel Capacity Nearing Completion

Tuesday, October 10, 2017 4:30 PM

Global Forum Report on Excess Steel Capacity Nearing Completion

The Global Forum on excess steel capacity is getting closer to releasing its report. The Forum was convened after the G20 meetings in Paris and has outlined si..........

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SMA Reports on Hot-Button Issues

Tuesday, October 10, 2017 2:00 PM

SMA Reports on Hot-Button Issues

The Steel Manufacturers Association is still confident that the Section 232 investigation on steel imports will bring relief to the U.S. steel industry. SMA President Philip Bell called the investigation a "really complex issue," during..........

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Ethics and Your Business: Is a Deal a Deal, Even with a Terrorist?

Tuesday, October 10, 2017 12:57 PM

Ethics and Your Business:  Is a Deal a Deal, Even with a Terrorist?

Among the many hot-button issues facing the steel industry, ethical business practices is one that is often overlooked. I (John Packard, Publisher of SMU) found out how hot of an issue it can be in a recent exchange with a reader.

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Reliance Acquires Perforating Company

Monday, October 09, 2017 7:44 PM

Reliance Acquires Perforating Company

Reliance Steel & Aluminum Co. and wholly-owned subsidiary Diamond Manufacturing Co. announced the acquisition of Ferguson Perforating Co., effective Oct. 2. Los Angeles-based Reliance is the largest service center company in North A..........

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Steel 101: Not Just for the Uninitiated

Monday, October 09, 2017 5:39 PM

Steel 101: Not Just for the Uninitiated

No one who has ever toured a steel mill will ever forget it. The sight of the molten metal, and the heat that hits you in the face even from a safe distance away, is both frightening and fascinating.

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AM/NS Suffers Minor Tornado Damage

Monday, October 09, 2017 3:54 PM

AM/NS Suffers Minor Tornado Damage

ArcelorMittal reports that a portion of its mill in Calvert, Ala., suffered minor damage over the weekend due to a small, localized tornado related to Hurricane Nate. The company halted production on Friday night for safety reasons, but..........

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