Steel News

Worldsteel Sustainable Steel Indicators 2017

Monday, October 09, 2017 2:58 PM

Worldsteel Sustainable Steel Indicators 2017

The global steel industry continues to improve its sustainability record in environmental, social and economic performance, according to the World Steel Association 2017 sustainability report.

Worlds..........

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Final Thoughts

Monday, October 09, 2017 12:00 PM

Final Thoughts

I have been working on two major projects today: flat rolled and plate pricing for our steel index and flat rolled steel service center inventories as of the end of September. I finished the first project on pricing, which showed mixed ..........

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SMU Adjusts Lower End of Hot Rolled Pricing

Sunday, October 08, 2017 7:29 PM

SMU Adjusts Lower End of Hot Rolled Pricing

On Tuesday of this past week, Steel Market Update (SMU) advised our readers that our range on hot rolled pricing was $580-$630 per ton with an average of $605 per ton ($30.25/cwt). As the week progressed, we received more information th..........

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Service Centers Lowering Spot Prices

Sunday, October 08, 2017 6:59 PM

Service Centers Lowering Spot Prices

Over the course of the first four days of this past week (the week of Oct. 2, 2017), Steel Market Update conducted our early October flat rolled steel market trends analysis. One of the areas we track is how steel service centers are ha..........

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Scrap Moves Lower in October

Sunday, October 08, 2017 6:22 PM

Scrap Moves Lower in October

The negotiations for ferrous scrap were pretty "easy," according to one ferrous scrap analyst who told Steel Market Update on Friday that virtually every market in the United States was down $30 per gross ton on heavy melt and shred and..........

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Section 232 Exclusions: The Steel Safeguard Precedent

Sunday, October 08, 2017 5:38 PM

Section 232 Exclusions: The Steel Safeguard Precedent

The following article was written by trade attorney Lewis E. Leibowitz regarding the historical  precedent for exclusion of products from any Section 232 decision that impacts imports of foreign steel. Leibowitz is well known to Steel ..........

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Comparison Price Indices: Mixed

Sunday, October 08, 2017 4:31 PM

Comparison Price Indices: Mixed

Steel Market Update (SMU) found steel prices mixed this past week on not only our own index, but also that of Platts. In the past, we have seen this when there is limited buying due to a slowdown in business or in relationship to an exp..........

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Will the New NAFTA Be Good for Your Business?

Sunday, October 08, 2017 3:16 PM

Will the New NAFTA Be Good for Your Business?

Steel buyers and sellers appear evenly split on whether the renegotiation of NAFTA will benefit their companies. Responses to Steel Market Update’s market trends questionnaire, emailed to several hundred steel executives earlier this ..........

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USITC: Washing Machine Imports Hurting U.S. Manufacturers

Sunday, October 08, 2017 2:27 PM

USITC: Washing Machine Imports Hurting U.S. Manufacturers

Increased imports of foreign-made washing machines into the U.S. are causing serious injury to the domestic industry, said the U.S. International Trade Commission in an Oct. 5 determination.

Under Se..........

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U.S. Raises the Stakes for Rules of Origin

Saturday, October 07, 2017 7:25 PM

U.S. Raises the Stakes for Rules of Origin

NAFTA negotiations are about to get even more contentious with a proposal by the Trump administration to increase U.S. domestic content in autos to 50 percent.

The administration also proposes increa..........

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