Steel News

Ryerson: Improved Demand in Third Quarter

Friday, September 29, 2017 7:46 PM

Ryerson: Improved Demand in Third Quarter

Ryerson Holding Corp., a value-added processor and distributor of industrial metals, sees improved demand and sequential growth for the third quarter in the construction equipment, food processing and agricultural industries and year-ov..........

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Olympic Steel Starts Q4 With Executive Promotions

Friday, September 29, 2017 6:40 PM

Olympic Steel Starts Q4 With Executive Promotions

Olympic Steel announced three executive changes this week. James D. Post is promoted to the position of Regional Vice President and General Manager, Kevin L. Miller to the position of General Manager, Cleveland Division, and Zachary J. ..........

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ArcelorMittal, Ternium Invest in Mexican Steel

Friday, September 29, 2017 6:05 PM

ArcelorMittal, Ternium Invest in Mexican Steel

Two new hot strip mills are in the works for the Mexican steel industry. Both ArcelorMittal and Ternium announced plans this week to make investments in their facilities to meet growing demand.

The a..........

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NAFTA Round Three Produces Limited Results

Friday, September 29, 2017 4:14 PM

NAFTA Round Three Produces Limited Results

The third round of NAFTA discussions ended Wednesday with consensus on small and medium enterprises.

The chapter on small and medium-size enterprises will enhance "their ability to participate in and..........

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Chicago Business Barometer Soars in September

Friday, September 29, 2017 2:57 PM

Chicago Business Barometer Soars in September

A sharp rise in the September Chicago Business Barometer indicates a strong fourth quarter for manufacturing. The Barometer rose to 65.2 from 58.9 in August for its second highest level in more than three years. The average reading for ..........

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Jones Act Waived—What is It?

Friday, September 29, 2017 1:23 PM

Jones Act Waived—What is It?

President Trump lifted the shipping restrictions on Puerto Rico on Thursday, at least temporarily waiving the Jones Act that prohibits non-U.S. flagged vessels from delivering shipments between two U.S. ports.

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Final Thoughts

Friday, September 29, 2017 12:00 PM

Final Thoughts

I am in Chicago and will be here until Tuesday when I make my way to Fort Wayne, Ind., to conduct one of our Steel 101 workshops. A special thank you to SDI and Paragon Steel for allowing our workshop to tour each of their plants. This ..........

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SMU Sources: Ferrous Scrap Prices Softening

Thursday, September 28, 2017 9:04 PM

SMU Sources: Ferrous Scrap Prices Softening

The ferrous scrap market is softening and SMU’s sources expect prices to drop by $10 to $20 per gross ton in October.

Domestic mills are beginning to cancel September orders that have not been comp..........

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Foreign vs. Domestic Hot Rolled Price Comparison in September

Thursday, September 28, 2017 7:59 PM

Foreign vs. Domestic Hot Rolled Price Comparison in September

The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot ..........

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Fourth-Quarter Steel Mill Maintenance

Thursday, September 28, 2017 6:29 PM

Fourth-Quarter Steel Mill Maintenance

Steel Market Update has been working with steel buyers and the domestic steel mills in order to provide a better understanding of what outages/maintenance is scheduled above and beyond normal mill maintenance. Even though there are a nu..........

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