
ArcelorMittal posts solid results as commissioning of Calvert EAF begins
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]
While Canada and Mexico bent the knee to push tariff implementation out another month, the US on Tuesday instituted an additional 10% tariff on Chinese goods.
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
The union says the suit is "a frivolous and unsubstantiated attack on our union simply for exercising our First Amendment rights."
The Commerce Department on Tuesday issued preliminary subsidy rates in the corrosion-resistant steel (CORE) trade case. The agency set minimal countervailing duty (CVD) rates for Brazil and Mexico, mostly high rates for Vietnam, and low rates for Canada, except for one privately held distributor. Commerce assigned that company, Nova Steel, and a handful of Vietnamese […]
The Vienna-based global refractory product provider said this is its most significant investment since RHI and Magnesita merged in 2017
Together, Nippon Steel, Nippon Steel North America, and U.S. Steel announced the filing of their opening brief in their litigation to invalidate the government’s decision to block their announced merger. The brief lays out “how President Biden made a predetermined decision for political reasons, not national security, causing CFIUS to engage in a sham review […]
Canada fights back, a little As this article was about to be posted, Canada had not backed down to US President Trump’s 25% tariffs coming for Canadian goods at the stroke of midnight. In fact, the Government of Canada had pushed back, saying it would implement 25% tariffs on $155 billion worth of US products […]
“It is not by imposing tariffs that problems are resolved, but by talking and dialoguing,” President Claudia Sheinbaum said.
AZZ Inc. recently announced it is shaking up the duties and roles of two executives involved in its Precoat Metals segment. Kurt Russell, Precoat’s current chief operating officer and former president, is moving into a senior vice president position within AZZ Inc. into the newly created role of chief strategic officer. “We are excited to […]
The projects collectively represent ~65% of Nucor’s capital expenditures budget for this year.
Nucor Corp.’s chief executive didn’t shy away from discussing the company’s interest in potentially acquiring the electric-arc furnace assets of U.S. Steel on Tuesday. An analyst on an earnings conference call asked about Nucor’s appetite for M&A given its strong cash position – $4.1 billion at the end of 2024. Chair, President, and CEO Leon […]
Nearly 20 years in the making, a new iron ore project on the Mesabi Iron Range in northern Minnesota is showing new signs of life. In an interview last week, Essar Group Director Prashant Ruia told India’s Business Standard newspaper that the company is finalizing an additional $650 million investment for a 7-million-metric-ton-per-year iron ore […]
Less-than-fair-value investigations The US Commerce Department has agreed to postpone preliminary decisions in the corrosion-resistant steel (CORE) antidumping duty (AD) investigations. Commerce said in a Federal Register filing that it will now issue initial AD margin determinations by April 3. The deadline had previously been Feb. 12. The extension comes after domestic petitioners requested earlier […]
Economic activity across the US experienced slight to moderate growth at the end of 2024, while manufacturing activity showed a slight decline
All steel, iron, and manufactured products used in federally funded highway projects must soon be made in America. The Department of Transportation announced all waivers to the Buy America requirements for federal infrastructure projects will soon be terminated. Effective March 17, the DOT’s Federal Highway Administration will implement a final rule that will end its […]
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.
The steel industry may have to wait even longer for the initial duty determinations in the pending coated steel unfair trade investigations.
Locking out its union employees two days before Christmas, Welded Tube's behavior has been very "Grinch-like," according to the USW.
We’ll talk about what to expect from the incoming Trump administration, the changing trade and tariff landscape, and what it all means for the domestic steel industry.
The Lake Carriers’ Association reported a 4.5% y/y decline in December’s ore shipments of 4.6 million short tons.
It feels a little like déjà vu: Trump threatens tariffs, Canada retaliates with tariffs of its own.
Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.
The Trump administration may be considering alternative tariff plans, but Trump said the report is "Fake News."
While steel news may be starting 2025 off with a bang, Nucor’s consumer spot price (CSP) for hot-rolled coil is not.
“We continue to make significant progress in our strategic transformation to become one of North America's leading low-carbon steel producers, setting the stage for an exciting 2025,” CEO Michael Garcia said.
“Responsible management will continue to invest in those facilities,” McCall stated.
“U.S. manufacturing activity contracted again in December, but at a slower rate compared to November,” according to Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee.
The US Department of Commerce has determined that anti-dumping and countervailing duties (AD/CVDs) on welded line pipe imports from China and Japan should remain in place for five more years.