AM/NS Calvert Increases Sheet Again, Seeks $900/ton HR base
ArcelorMittal joins U.S. Steel and Cleveland-Cliffs, pushing sheet prices higher, according to an internal commercial memo on Oct. 31.
Tag: steel
Final Thoughts
Sheet prices are getting back into very lofty territory. That’s assuming you can find spot tons available for the balance of 2023 – and some of you say you can’t.
Auto Alliance Opposes a Potential USS-Cliffs Merger
The Alliance for Automotive Innovation (AAI), the association representing auto manufacturers making most vehicles sold in the US, has voiced its opposition to the potential acquisition of U.S. Steel by Cleveland-Cliffs.
USS Unveils Battery-Operated Locomotives in Green Push
U.S. Steel said it has converted two of its diesel switcher locomotives to “state-of-the-art battery-operated locomotives.”
Imports Fall in September, But Flat Rolled at Three-Month High
The decline in imports from August to September was more pronounced than license applications suggested earlier this month.
Ryerson Expects Slowing Sales, Shipments To Continue Into Q4
Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.
Cleveland-Cliffs Raises Sheet Prices, Seeks $900/ton for HRC
Cleveland-Cliffs said Tuesday that it would increase spot market base prices for carbon hot-rolled, cold-rolled, and coated steel sheet.
AISI: Raw Steel Output Up, Southern Region Gets Big Boost
Raw steel production in the US continued to climb in the week ended Oct. 28, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 30.
Nucor Drops Plate Prices $140/ton on Import and Domestic Competition
Nucor’s plate mill group (NPG) will cut prices for as-rolled discrete plate and normalized plate by $140 per ton ($7 per cwt). The Charlotte, N.C.-based steelmaker said it would also drop prices for quenched-and-tempered plate by $80 per ton. Nucor said the lower prices would be effective with new orders received on Wednesday, Oct. 31. […]
USS-UPI Operations To Be Idled by Year's End
It’s official: U.S. Steel is idling its UPI operations in Pittsburg, Calif., by year’s end.
SSAB Q3 Profits Fall on Slowdown in Europe, Despite Strength in US Plate
SSAB reported lower earnings in the third quarter on weaker demand in Europe that was only partially offset by solid demand for plate in North America.
Final Thoughts
The first rule of Steel 101 is that you’re free to talk about Steel 101. We actually encourage it. Last week on Tuesday and Wednesday, SMU’s Steel 101 was held in Mt. Pleasant, S.C.
EXCLUSIVE: Stickler Embraces Technology in New Rebar Venture
David Stickler is eager to demonstrate how advancements in technology can contribute to making the rebar market more sustainable.
ArcelorMittal: CSP Deal to Close in Feb, NA Expansions Progress
ArcelorMittal expects that its $2.2-billion acquisition of Brazilian steelmaker Companhia Siderúrgica do Pecém (CSP) will close in late February. “The transaction closes end of this month,” chief financial officer Genuino Christino said during an earnings call with analysts last week. The Luxembourg-based steelmaker had said that the deal had received final antitrust clearance in commentary […]
David Stickler's Hybar Plans New, $500M Arkansas Rebar Mill
Arkansas has become a hub for steel production in the southern US, and it will soon be home to another steel mill. Hybar, a newly formed company led by steel industry veteran David Stickler, announced it will build a $500 million greenfield minimill to produce rebar in northeast Arkansas just outside of Osceola. The new […]
New Hot Skin Pass Mill Starts Up at ArcelorMittal Mexico
ArcelorMittal Mexico has started up a new hot skin pass mill at its new hot rolling mill in Lázaro Cárdenas, Michoacán. The hot skin pass mill has come into operation seven months after the new $1 billion, 2.75-million-short-ton-per-year hot rolling mill produced its first coil. “We are very happy to reach today an important step […]