A cybersecurity attack at Canadian steel producer Stelco is a reminder to all in the steel industry to secure and protect their data and operations. Stelco announced Monday that it was the victim of a criminal attack on its information systems. Immediate countermeasures were implemented that limited the scope of the attack, but certain operations, […]
The 2020 pandemic has caused more disruption to the global energy sector than any other event in recent history, says the International Energy Agency in its newest World Energy Outlook. “Whether this upheaval ultimately helps or hinders efforts to accelerate clean energy transitions and reach international energy and climate goals will depend on how governments […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
By CRU Analyst Iris Speelmanns, from CRU’s Steelmaking Raw Materials Monitor The following is excerpted from CRU’s weekly report on steel supply disruptions and restarts. Several weeks after national lockdowns were eased, activity in steel-consuming sectors continues to resume and mills are restarting or ramping up production in some regions. Outside China, the spread of […]
EVRAZ NA will reduce its workforce by an additional 65 employees at EVRAZ Oregon Steel as operations are idled in response to weak demand due to the coronavirus. In a Worker Adjustment and Retraining Notification to the state of Oregon, EVRAZ said it “has experienced a significant business downturn” and will permanently reduce the workforce […]
Tubular steel producer Vallourec said Monday that it will lay off more than 900 employees at its U.S. plants due to a significant drop in activity by its oil and gas customers. The layoffs will be implemented in the coming weeks across all plants and support functions and impact over one-third of Vallourec’s workforce and contractor […]
EVRAZ North America was hit by a cyberattack on March 4 that disrupted information technology systems at facilities in the U.S. and Canada, impacting production. An EVRAZ spokesperson said that there was “no indication of any breach of confidential or personal customer or employee information,” in the ransomware attack. Patrick Waldron, a spokesperson for EVRAZ […]
While America’s integrated steel producers are investing millions in R&D to reduce harmful emissions from their steelmaking process, the nation’s minimill steel producers have already claimed the high ground for environmental stewardship. Integrated mills and their blast furnaces heat iron ore and coking coal at high temperatures to produce high-quality virgin pig iron and steel. […]
Climate change is moving up the political agenda in countries around the world, putting increasing pressure on industries such as steel to reduce greenhouse gases. Globally, the steel industry is responsible for around 5 percent of total CO2 emissions. Steelmakers are responding with plans for mills that run on solar or wind energy and are […]
The domestic plate steel mills have made three price increase announcements totaling $130 per ton ($6.50/cwt). The lead times out of the plate mills have moved into February. Scrap has been moving higher and is expected to move higher over the winter months. The mills are beginning to see some traction in plate pricing. Steel […]
President Trump stunned the market with an early-morning tweet Monday calling for new Section 232 tariffs on steel imports from Brazil and Argentina, which he accused of currency manipulation. No word yet on whether the White House will make the tariffs official, or even if they would be legal. But the prospect of higher priced […]
This morning President Trump tweeted that due to the decline in the Brazilian and Argentinian currencies, he intends to place 25 percent tariffs on steel and a 10 percent tariff on aluminum from both countries. His tweet has created a great deal of confusion in the U.S. steel markets. Steel Market Update is attempting to […]
This morning President Trump tweeted that due to currency manipulation by Brazil and Argentina, he intends to place 25 percent tariffs on steel from both countries, and a 10 percent tariff on aluminum. His tweet has created a great deal of confusion in the U.S. steel markets. Steel Market Update is attempting to help calm […]
A strike by 3,200 Teamster union employees at Canadian National Railway is causing disruption in both Canada and the U.S. Now in its sixth day, with no end in sight, a shortage of propane is imminent for Ontario and Quebec as well as delays to shipping across the manufacturing industry. CN transports more than CAD […]
The domestic steel mills announced new $40 per ton ($2.00/cwt) price increases on flat rolled this past week. This is the second price increase on flat rolled over the past two months. The domestic mills, led by ArcelorMittal USA, announced $40 per ton spot base price increases on Oct. 24-25 and were able to collect […]
This afternoon Nucor Plate Mill Group increased prices for all plate products by $40 per ton ($2.00/cwt). The follows a $40 per ton increase on plate by Evraz North America dated Oct. 28, 2019. The Nucor increase is to be effective “immediately” and impacts all transaction (spot) prices on new orders of carbon, alloy and […]
Despite the Oct. 28 plate price increase announcement out of Evraz ($40/ton), plate prices continue to be under pressure. [Please note: This article was completed just prior to the Nucor $40 price increase announcement, which was made on plate products at 4 p.m. this afternoon.] A large plate buyer told SMU they had just received […]
EVRAZ NA President “Skip” Herald is the newest addition to the American Iron and Steel Institute Board of Directors. “Skip Herald has had an impressive career, and I am excited to welcome him to the AISI Board of Directors,” said AISI Chairman and AK Steel CEO Roger Newport. “Skip’s wealth of experience will be an […]
A new solar project in Pueblo, Colo., will bring the state one step closer to its goal of providing 100 percent carbon-free electricity by 2050 and give EVRAZ Rocky Mountain Steel predictable electricity prices through 2041. The 240-megawatt Bighorn Solar project will be built, owned and operated by Lightsource BP on property owned by EVRAZ […]
Following Nucor’s lead on Friday, ArcelorMittal USA, EVRAZ and SSAB Americas informed customers this week that they are raising the spot price of their plate products by a minimum of $40 per ton ($2/cwt), effective immediately. ArcelorMittal and EVRAZ informed customers verbally, SMU was told, while SSAB distributed a letter stating that the $40 per […]
EVRAZ NA announced the resignation of president and chief executive officer Conrad Winkler and the appointment of James “Skip” Herald as the new CEO. The change in leadership will be effective Aug. 5, 2019. Winkler, CEO since July 2013, is leaving to pursue other opportunities, said a press release from the company. Winkler led the […]
Major steel producers in the U.S. had hoped the president wouldn’t blink on the Section 232 tariffs on Canada and Mexico—but he did—in an apparent effort to clear the way for passage of the new North American free trade agreement. Now the mills are supporting the administration’s demand that steel trade in North America be […]
The federal government of Canada announced it will give EVRAZ North America C$40 million ($29.78 million U.S.) from its Strategic Innovation Fund to help with C$112.6 million of upgrades planned at facilities in Regina and Red Deer, Alberta. “This will enable the company to produce valued-added OCTG products that match Canadian market demand and make […]
The Bureau of Industry and Security, a division of the Department of Commerce, announced today that is has denied the requests from California Steel Industries and Evraz Steel for exclusion of semi-finished steel slabs from the Section 232 tariffs. The BIS agreed with an analysis by the International Trade Administration that there is sufficient production, […]
The Bureau of Industry and Security, a division of the Department of Commerce, announced today that is has denied the requests from California Steel Industries and Evraz Steel for exclusion of semi-finished steel slabs from the Section 232 tariffs. The BIS agreed with an analysis by the International Trade Administration that there is sufficient production, […]
NLMK USA was not among the mills to learn earlier today that the Commerce Department had denied their requests for relief from the Section 232 tariffs on imported slabs. California Steel Industries and Evraz got the bad news. But NLMK USA President and CEO Robert Miller is still angry about it. “The administration, Commerce, BIS […]
The Bureau of Industry and Security today denied the exclusion exemptions for two mills: California Steel Industries and Evraz. At this point, we are expecting the NLMK USA and JSW USA exclusion requests to be denied as well. However, a trade attorney (not Lewis) suggested that we not move too fast with any proclamations. There […]
With no end in sight for U.S.-imposed steel tariffs, United Steelworkers in Canada urge the federal government to keep safeguards in place to guard against foreign steel imports. “Our members themselves are appearing this month before the Canadian International Trade Tribunal (CITT) to make the case for extending safeguard measures beyond the original 200-day period […]
U.S. Steel and Nucor made their final rebuttals to tariff exclusion requests filed by Evraz NA and California Steel Industries for imports of steel slab. Evraz and CSI maintain that the slabs they require are not readily available in the U.S. Both U.S. Steel and Nucor argue that exclusions would undermine the president’s policy to […]