Steel News

'Profiteering' Not to Blame for Steel Price Increases

26 June 2018 - Strength in demand, and not speculative activity induced by the Section 232 tariffs, is driving the run up in steel prices, Steel Dynamics Inc. chief executive Mark Millett said Tuesday.

Ferriola: The World Wouldn't Act on Overcapacity, So the U.S. Did

26 June 2018 - Nucor Corp. chief executive officer John Ferriola vigorously defended the Section 232 steel tariffs on Tuesday, saying that the U.S. imposed the trade measure only in the absence of multinational action on excess capacity.

AI Emerging as a New Steelmaking Benchmark, Silicon Valley Executive Says

25 June 2018 - Mills that hesitate on deploying machine learning technologies will do so at their own peril, according to Noodle.ai chief executive officer Stephen Pratt.

Hydrogen Steelmaking Is Feasible...If the Industry Comes Up With a Feasible Way to Produce Hydrogen

25 June 2018 - As the steel industry looks to lower its carbon footprint, investments in hydrogen-based steelmaking research and development are surfacing. However, the process itself isn’t necessarily the biggest hurdle to overcome.

Revised CAFE Standards Probably Won't Hurt Demand for Auto Steel

25 June 2018 - The Trump administration’s proposal to roll back the 2025 vehicle fuel economy standards likely won’t have a significant impact on the market for lightweight automotive steels, according to a Nucor Corp. official.

Idled U. S. Steel Blast Furnace Back in Production

21 June 2018 - United States Steel Corporation has restarted one of two idled blast furnaces at its Granite City Works in Illinois and is again producing hot metal.

'We're Going to Make Sure that American Steel Is There ... for Generations to Come,' Says U.S. VP Pence

20 June 2018 - U.S. Vice President Mike Pence visited Nucor Corp.’s Auburn bar mill in New York on Tuesday and declared that “steel is back.”

U.S. Mills Expand Circumvention Claims Against Processed Sheet From Vietnam

14 June 2018 - U.S. producers are accusing their South Korean counterparts of circumventing anti-dumping duties by shipping coils to Vietnam for processing into cold-rolled and corrosion-resistant sheet, reports Metal Bulletin.

Union Workers Strike Indiana Roll Plant

13 June 2018 - Workers at roll maker Union Electric Steel’s plant in Valparaiso, Ind., USA, have gone on strike, demanding wage increases, reports The Times newspaper of northwest Indiana.

Cliffs to Divest Australian Iron Ore Mine

12 June 2018 - Iron ore miner Cleveland-Cliffs Inc. has reached an agreement to sell its Australian iron ore operation to Australia's Mineral Resources Ltd. for an undisclosed amount.

Indiana Harbor Doubles Shipments to Sister Plant

11 June 2018 - ArcelorMittal’s Indiana Harbor facility has achieved its goal of shipping 1 million tons’ worth of slabs to ArcelorMittal’s joint venture finishing operation in Alabama.

Senators Look to Block Trump on Section 232 Tariffs

07 June 2018 - A bipartisan group of senators have introduced a bill requiring Congressional approval on tariffs imposed in the name of national security.

CMC Winds Up First Spool of Rebar

07 June 2018 - Commercial Metals Company’s new micro-mill in Oklahoma has begun producing spooled rebar, according to the plant’s technology supplier, Danieli.

Mexico Slaps Retaliatory Tariffs on U.S. Whiskey, Agricultural Products

06 June 2018 - Mexico said it will impose tariffs on American steel, Tennessee whiskey and pork, among other products, as payback for a 25% tariff on Mexican steel, according to the Bloomberg news service.

Ryerson Expands Through US$140M Acquisition

06 June 2018 - Steel processor and distributor Ryerson Holding Corp. has reached to a deal to acquire a metal service center with locations in the eastern and central United States.

Citing Section 232 Tariffs, U. S. Steel Says it Will Restart Another Idled Blast Furnace

05 June 2018 - United States Steel Corporation is planning to restart the second of two blast furnaces at its Granite City works in Illinois and rehire 300 people, the company announced on Tuesday.

Steel, Aluminum Industries Respond to Section 232 Decision

01 June 2018 - The steel and aluminum industries are weighing in on the Trump administration's decision to impose the Section 232 tariffs on imports from Canada, Mexico and the European Union. Here's what they're saying:

EU to Move Ahead with Tariff Complaint at WTO

01 June 2018 - The European Union said it is filing a complaint with the World Trade Organization over the U.S. decision to impose the Section 232 tariffs on steel and aluminum.

Anger Over Steel Tariff Decision Overshadows G-7 Meeting

01 June 2018 - The Trump administration’s decision to impose the Section 232 steel and aluminum tariffs on Mexico, Canada and the European Union has supplanted the agenda at a G-7 meeting of central bankers and finance officials in Canada, reports the Bloomberg news service.

USW: Section 232 Tariff on Imported Canadian Steel is 'Unacceptable'

01 June 2018 - The United Steelworkers union slammed the Trump administration for imposing the 25% tariff on imported Canadian steel, saying that it is unacceptable to subject America’s closest ally to a measure pegged to national security.