Market Segment
February 4, 2025
Written by Brett Linton
The volume of raw steel produced by US mills increased slightly last week, according to American Iron and Steel Institute (AISI) data. Last week’s production rate was the second-highest level so far this year.
Steel mill output was estimated to be 1,656,000 short tons (st) during the week ending Feb. 1 (Figure 1). Production rose by 15,000 tons or 0.9% from the prior week.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.