Category: Steel Product Producers

The Biden administration is facing a deadline on the Nippon Steel/U.S. Steel deal by Tuesday, Jan. 7, according to a Dec. 31 article in The Washington Post.

Domestic steel production has modestly recovered since bottoming out in October but is significantly less than levels recorded earlier in the year.

Japan’s Nippon Steel says it has achieved the world’s highest reduction in CO2 emissions to date by using heated hydrogen instead of coal to reduce iron ore in a blast furnace.

Nucor said on Monday, Dec. 30, that it was keeping its spot base price for hot-rolled sheet this week at $750 per short ton (st).

Nippon Steel's purchase of U.S. Steel could lead to lower steel output domestically, and that presents “a national security risk," the Washington Post reported.

Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?

Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.

A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.

Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.

Most expect activity to hold steady or increase over the next three months.

Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.

“Manufacturers are optimistic,” said Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee.

Depressed demand and weak prices drove Worthington Steel’s second fiscal quarter results to a sequential decline.

Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.

The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.

The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.

Nippon Steel addressed a host of objections by the United Steelworkers (USW) related to the Japanese steelmaker’s proposed buy of Pittsburgh-based U.S. Steel.

Since sharply falling in September and October, weekly production has marginally trended higher for the past two months, but remains significantly low compared to levels recorded earlier this year

Domestic steel shipments were down month over month and on-year in October.

Jodi Parnell has been named president and CEO of Birmingham, Ala.-based service center group O’Neal Steel.

Russel Metals Inc. has closed on its buy of Tampa Bay Steel.

A trustee will lead AHMSA through the liquidation stage of its bankruptcy.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

After a career in steel spanning four decades, Chuck Schmitt, head of SSAB Americas, will retire next year.

“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a post on Truth Social on Monday.

“We are under constant threat from nonmarket economies who evade our trade laws," SMA said.

Weekly raw steel production has hovered in this territory for the last two months, now at the sixth lowest rate of the year.

About 23% of respondents expect an uptick in economic activity in the next three months. That’s an increase over the 13% in October.

For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.

On Monday, Nucor published new extras effective Jan, 4, 2025.