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Latest news
Worthington says Kloeckner deal advancing as market tightens
Worthington Steel reported steady progress on its planned acquisition of Kloeckner & Co., calling the deal a major strategic step as steel markets show early signs of tightening in the US and remain under pressure in Europe.
CMC earnings soar in fiscal Q2, near-term outlook bright
CMC’s fiscal second-quarter earnings more than doubled on strong underlying market conditions across all its segments.
Steel market chatter this week
Most steel buyers see prices continuing to inch higher on stable or improving demand. But some are concerned higher energy prices stemming for the Iran war could dent the overall economy.
US Ex-Im Bank making up to $10B available for Mesabi iron ore project: Report
The US Export Import Bank (Ex-Im) has said it will support a Mesabi Metallics iron ore project in Minnesota to up to $10 billion, according to a report in the Economic Times of India.
US investigates alleged circumvention of coated steel through Indonesia
The US Department of Commerce has launched two trade investigations to determine if certain corrosion-resistant (CORE) steel imports are being transshipped through Indonesia to avoid paying anti-dumping and countervailing duties (AD/CVDs).
Brazilian pig iron market in doldrums, fuel tax could hit freight
The pig iron market in Brazil has been quiet lately. There have been few bids or offers made by market participants.
Price gap between US HRC, imports largely flat
The price gap between US hot-rolled coil (HR) and landed offshore product remained within a tight band this week. The dynamic continues as both stateside and offshore prices have trended higher.
Join SMU for a Community Chat with AGC Chief Economist Ken Simonson on April 15
Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.
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