Steel News

Little Change in U.S. Share of Global Scrap Trade

Tuesday, October 03, 2017 7:40 PM

Little Change in U.S. Share of Global Scrap Trade

The United States’ share of the global steel scrap trade has changed little in the two and a half years through second-quarter 2017. Steel Market Update performs this analysis quarterly to understand the gyrations of the domestic scra..........

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ISM PMI Hits 60.8 in September

Tuesday, October 03, 2017 6:36 PM

ISM PMI Hits 60.8 in September

Manufacturing expanded in the United States, along with the overall economy, as the Institute for Supply Management's September PMI jumped 2 percentage points to register 60.8 percent. ISM's New Orders Index gained 4.3 points. New order..........

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Auto Sales Rebound in September

Tuesday, October 03, 2017 6:16 PM

Auto Sales Rebound in September

Auto sales rebounded in September, jumping 6.1 percent to more than 1.5 million vehicles sold, and surpassing analyst expectations. Kelly Blue Book projected a sales growth of 1.0 percent while Edmunds expected an increase of only 0.4 p..........

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Global Manufacturing Steady in September

Tuesday, October 03, 2017 2:14 PM

Global Manufacturing Steady in September

Global manufacturing stayed steady at a strong reading of 53.2 in September. The J.P. Morgan Global Manufacturing PMI was unchanged from the August reading with consumer, intermediate and investment goods all signaling expansion.

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Registration Open for Steel 101 Workshop in Mobile

Monday, October 02, 2017 4:08 PM

Registration Open for Steel 101 Workshop in Mobile

The next Steel 101: Introduction to Steel Making and Market Fundamentals workshop will be held Jan. 24-25, 2018, in Mobile, Ala. The two-day workshop will include a tour of the SSAB minimill.

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Final Thoughts

Monday, October 02, 2017 12:00 PM

Final Thoughts

I am in Fort Wayne, Ind., along with members of my Steel 101 team, John Eckstein, Mario Briccetti, Steve Murphy, Steve Painter, Sandy Williams, as well as Tim Triplett who will be attending his first Steel 101 workshop. Over the next tw..........

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Ferriola Assured of Trump Support for Tariffs

Sunday, October 01, 2017 8:22 PM

Ferriola Assured of Trump Support for Tariffs

Steel tariffs are still likely from the Trump administration, said Nucor CEO and President John Ferriola. In an interview with READ MORE...


September 2017 at a Glance

Sunday, October 01, 2017 6:22 PM

September 2017 at a Glance

SMU Price Momentum Indicator is now at “lower,” meaning flat rolled steel spot prices are expected to move lower over the next 30 to 60 days. Steel prices have begun to retreat with benchmark hot rolled beginning the month at $630 p..........

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Comparison Price Indices: Down Across the Board

Sunday, October 01, 2017 3:58 PM

Comparison Price Indices: Down Across the Board

Flat rolled steel prices slipped across the board this past week. All three steel indexes followed by Steel Market Update (SMU) saw prices as being down from as little as $1 per ton to as much as $20 per ton.

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CSI Makes Rerollers’ Case for ‘Buy American’

Friday, September 29, 2017 8:53 PM

CSI Makes Rerollers’ Case for ‘Buy American’

In its comments on President Trump’s “Buy America” executive order, California Steel Industries (CSI) makes a convincing case for steel companies that process slabs not “melted and poured” in the United States.

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