Product
March 2, 2021
Written by Michael Cowden
SSAB Americas raised some eyebrows in the steel market when it officially announced a “scrap collar” along with an $80-per-ton ($4/cwt) plate price increase earlier this week.
The move, while not unheard of in the steel market, is not necessarily typical for standard spot market plate orders, some buyer sources said.
Alter Trading Corp. has purchased the operating assets of Iron and Metals Inc., located in Denver.
The latest tally of active drilling rigs increased in both the US and Canada this week, according to oil and gas rig count data published by Baker Hughes.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
The import market for pig iron may have bottomed out, according to sources in Brazil.