ArcelorMittal is set to expand its portfolio of automotive steels by launching two new products in 2017, Usibor®2000 and Ductibor®1000. According to a spokesperson at ArcelorMittal , Usibor® 2000, which has been under development for some time, is a new Aluminum-Silicon coated high strength steel that will be even stronger than its predecessor Usibor® 1500. […]
Nucor Corp. and JFE Holdings of Japan will enter a joint venture to build and operate a steel processing plant in central Mexico to supply the country’s automotive market. The 50-50 venture will cost $270 million to construct and have a capacity of 400,000 tons per year of galvanized sheet steel. The substrate for processing […]
The U.S. Court of Appeals has upheld a lower court’s dismissal of a lawsuit brought by Nucor Corp against Big River Steel. The suit charged that the Big River Steel permit air permit was invalid and the continued construction of the mill violated the Clean Air Act. The district court dismissed the lawsuit for “lack […]
A new wrinkle has developed in the dispute between US Steel Canada and its former parent US Steel. US Steel is claiming ownership of USSC’s intellectual property and says the Canadian company cannot include it in the sale of its facilities. USSC’s chief restructuring officer, Bill Aziz, said that without a clear title to the […]
Steel Technologies LLC plans to invest $18 million in a new processing facility in Smyrna, Tennessee. The 83,000 square foot facility will create 50 new jobs and handle both steel and aluminum sheet. “This new greenfield operation expands our exposed and unexposed automotive slitting and blanking capabilities,” Steel Technologies Vice President of Operations Randall Patterson […]
Recent reports on India’s steel sector are providing mixed signals on the industry’s health. The nation’s steel industry has suffered two years of low prices and subdued demand but rising GDP and the onset of monsoons after a severe drought may stimulate new orders. “Indian steel demand rose 4.5 per cent in the financial year […]
The new labor agreement between the United Steelworkers and ArcelorMittal USA has yet to be voted on but highlights of the contract reveal that the parties agreed to the idling of certain finishing lines at the North American operations. According to the union contract summary, the lines include the 84-inch Hot Strip Mill at Indiana […]
United Steelworkers are continuing to fight for the release of the secret deal between the Canadian government and US Steel. NDP MP Scott Duvall, on Thursday, called on the House of Commons on Thursday to release the terms of the agreement. United Steelworkers’ Ontario/Atlantic Director Marty Warren said Duvall’s demand must be acted on if […]
Tata Steel’s British steelmaking division is up for sale but it is now looking like Tata may keep the UK business. Last week it was reported that Tata was reviewing operations at the UK facilities and assessing offers of financial support from the government. The Daily Mail reports “sweeteners” offered by the Prime Minister include […]
ArcelorMittal USA and Cliffs Natural Resources have entered into a new long-term iron ore supply agreement that will run through 2026. The new agreement replaces two existing agreements that expire Dec. 2016 and Jan. 2017 and fills the entirety of ArcelorMittal’s pellet purchase requirements from the previous contracts. Cliffs Natural Resources will supply 7 to […]
Moon Township, Pa., May 31, 2016—CENTRIA Architectural Systems, an industry leader in the design, development and manufacture of metal wall and roof systems, is pleased to announce that Ralph Smillie and Pat Baker have been promoted to Vice President, CAS Distribution and National Accounts Manager, respectively. Smillie, a 25-year sales, marketing and management veteran, began […]
The contract for USW Local 2251, the biggest union representing 2,207 steelworkers at Essar Steel Algoma, will expire on July 31, 2016. President of Local 2251, Mike Da Prat, says it is not a foregone conclusion that workers will agree to continue working under the expired contract. The second largest union, Local 2724, representing 457 […]
Earlier today the HARDI wholesalers conducted their May galvanized steel conference call. The wholesalers on the call service the mechanical contractors involved in the residential and commercial construction markets supplying galvanized sheet and coil and other products used in the heating and air-conditioning markets. Needless to say, the call was well attended in response to […]
The following article was written by Lisa Reisman, Managing Director and CEO Of Azul Partners, Inc., on May 24, 2016 and is reprinted with permission of MetalMiner: Jennifer Diggins is the director of Government Affairs at Charlotte, N.C.-based Nucor Corp., the largest steelmaker in the U.S. and North America’s largest recycler of any material (Nucor […]
Last week the Department Commerce slapped AD/CVD duties totaling over 500 percent on China cold rolled steel flat products. China immediately challenged the determination, calling for removal of the penalties and reaffirming the rebates awarded to its industry to help with solving the steel and coal overcapacity. The Chinese Ministry of Commerce confirmed that it […]
The debate about China and what to do about Chinese over-capacity rages in both Asia and the United States. We received the following note from one of our main Asian trading sources who gave us the Asian point of view about the markets in Asia, dumping suits, market economy and the shutting down of excess […]
In a letter to their customers, West Coast flat rolled conversion mill USS/POSCO announced a $150 per ton ($7.50/cwt) price increase on hot rolled pickled & oiled, cold rolled and galvanized steel. The price announcement is effective immediately as the mill has now opened their August order book. West Coast buyers explained to Steel Market […]
The sales process is continuing for Canadian steel mills Essar Steel Algoma and US Steel Canada. Confidentiality agreements prevent the identities of potential bidders to be released but some information has been slipping out. Essar Steel Algoma Despite the “cone of silence” that the media has called the quiet period around the Algoma negotiations, the […]
The sales process is continuing for Canadian steel mills Essar Steel Algoma and US Steel Canada. Confidentiality agreements prevent the identities of potential bidders to be released but some information has been slipping out. Essar Steel Algoma Despite the “cone of silence” that the media has called the quiet period around the Algoma negotiations, the […]
At last week’s Association for Iron & Steel Technology (AIST) convention in Pittsburgh, US Steel President and CEO Mario Longhi challenged the steel industry to innovate or run the risk of steel being replaced by other materials. Longhi said during his keynote speech, “There is a revolution underway in advanced materials — a race to […]
We will have two articles in tonight’s newsletter regarding the U.S. steel service centers shipment and inventories data just released by the Metals Service Center Institute (MSCI). Shipments of all steel products totaled 3,246,000 tons during the month of April. This is 6.3 percent lower than April 2015 and was slightly lower than March. However, […]
The article below was published to our Premium members yesterday afternoon, but we felt it would be nice to share with our Executive members too. If you would like more information about a Premium membership or would like to upgrade, contact us at info@SteelMarketUpdate.com. Based on Steel Market Update (SMU) analysis of the recently released […]
Canadian shipments for all steel products in the month of April were 372,800 net tons, a decrease of 4.9 percent from the month before and a decrease of 12.9 percent from April 2015. Inventories at the end of the month stood at 1,270,300 tons, up 6.9 percent from last month but down 20.7 percent from […]
Brazil steelmaker Companhia Siderurgica Nacional (CSN) reports its furnace at Volta Redonda will be back in production soon. The No. 3 furnace was shut down after an accident on April 25 and all export orders were suspended. The No. 3 furnace accounted for 70 percent of the plant’s steel production capacity. According to media reports, […]
Based on Steel Market Update (SMU) analysis of the recently released MSCI service center inventory and shipment data, total service center carbon steel shipments decreased by 84,700 tons in April to 3.091 million tons. This decrease was driven by the number of shipping days, down by 2 to 21. On a t/d basis shipments increased […]
The United Steelworkers will receive the final Contract Summary of the proposed agreement with ArcelorMittal USA starting around May 23. The summary will include a ballot and voting instructions. Ratification ballots must returned by June 21 for collection and counting on June 23, 2016. Pete Trinidad, Sr., President USW Local 6787 told members in a […]
Seven bidders are known to be in the running for Tata’s UK steel business. According to media reports the last bidder to be identified was Endless, a UK turnaround specialist. The other bidders include Liberty House, Greybull, the Excaliber management buyout led by Port Talbot Chief Stuart Wilkie, and JSW Steel. Bloomberg reported that China’s […]
If things weren’t tight enough there have been a couple of accidents at steel mills, one in the United States (North Star BlueScope) and one in Brazil (CSN), which are impacting the domestic flat rolled steel order books. CSN (Brazil) Affecting Galvanized Markets About two weeks ago, CSN in Brazil had a breakout with their […]
If things weren’t tight enough there have been a couple of accidents at steel mills, one in the United States (North Star BlueScope) and one in Brazil (CSN), which are impacting the domestic flat rolled steel order books. CSN (Brazil) Affecting Galvanized Markets About two weeks ago, CSN in Brazil had a breakout with their […]
North Star BlueScope experienced an explosion and fire at their Delta, Ohio site on Saturday, May 7. A refractory failure allowed a washout of molten steel from the South EAF shell resulting in an explosion that was heard and felt in surrounding neighborhoods. Emergency responders responded quickly on Saturday to control the fire from the […]