Mill shipments of steel products declined by 2.0% in April compared with the month prior, while apparent supply increased by 2.8% during the same period. April’s totals were a letdown from the strong performance in March, which saw shipments of steel products leap by 18.3% and apparent supply accelerate by 18.1%. This analysis is based […]
The U.S. and the EU have agreed to “resolve tensions” stemming from Section 232 by year end–but that doesn’t mean the national security tariffs will be lifted anytime soon, the head of the American Iron and Steel Institute (AISI) said. “I don’t see anything happening before the end of this year. This is a complicated […]
Raw steel production by U.S. mills totaled 1,834,000 net tons in the week ended June 12, down a slight 0.3% compared to the week prior, but still at a healthy mill utilization rate of 82.6%. That compares to production of 1,272,000 net tons and mill utilization of just 56.8% in the same period last year […]
April apparent steel supply declined 189,000 tons from March’s high to 8.77 million net tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. This is the second highest suppy level seen since January 2020, just behind the March 2021 high. April supply is up 2.24 million tons compared […]
The White House has confirmed that the United States and the European Union are in discussions to resolve “existing differences” on Section 232 tariffs on steel and aluminum from the EU before the end of the year. “We are determined to work together to resolve tensions arising from the U.S. application of tariffs on imports […]
U.S. steel product shipments fell by 2.4% in April following an increase of 15.6% in the month prior. The decline, although disappointing, is not surprising because steel product shipments have been irregular from month to month since bottoming out in May 2020. The lack of consistency has been attributed to seasonal factors at times but […]
Raw steel production by U.S. mills totaled 1,840,000 net tons in the week ended June 5, up 0.2% compared to the week prior when production totaled 1,836,000 net tons, according to the American Iron and Steel Institute (AISI). The mill utilization rate last week averaged 82.3%, up from 81.5% the week before and up 46.3% […]
Raw steel production by U.S. mills totaled 1,836,000 net tons in the week ended May 29, up 2.4% compared to the week prior when production totaled 1,793,000 net tons, according to the American Iron and Steel Institute (AISI). The mill utilization rate last week averaged 81.5%, up from 79.0% the week before and up 50.1% […]
The U.S. steel industry stands to benefit in a big way should the government put a price on carbon emissions, according to a study by CRU, Steel Market Update’s parent company. CRU examined the potential impact of a standard fee on carbon emissions and an equivalent border carbon adjustment (BCA) and found that such policies could […]
U.S. raw steel production in March increased nearly 870,000 tons or 12.5% from February, reaching 7.83 million net tons, according to recently released American Iron and Steel Institute data. March marks the highest production level seen since January 2020 when 8.44 million tons were produced by domestic mills. March production is up 120,000 tons or […]
Raw steel production by U.S. mills totaled 1,793,000 net tons in the week ended May 22, down 0.3% compared to the week prior when production totaled 1,799,000 net tons, according to the American Iron and Steel Institute (AISI). The mill utilization rate last week averaged 79.0%, down from 79.2% the week before but up 46.6% […]
Nucor CEO and President Leon Topalian will serve as the next chairman of the American Iron and Steel Institute, announced the AISI Board of Directors on Tuesday. Topalian will serve a two-year term at the head of the industry trade group, taking over the role from John Brett, CEO of ArcelorMittal North America. “Leon Topalian […]
Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
March apparent steel supply rose nearly 1.5 million tons from February’s dip, now at 8.96 million net tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. This is the highest supply level seen since January 2020’s 9.52 million tons. March also marks the largest month-over-month increase in supply […]
A coalition of U.S. steel industry lobbying groups and the United Steelworkers (USW) union want the Biden administration to keep Trump-era Section 232 tariffs and quotas on imported steel in place. The groups say the tariffs – rolled out in March 2018 on national security grounds – are necessary for the survival of the domestic […]
Raw steel production by U.S. mills totaled 1,799,000 in the week ending May 15, up 1.4% compared to the week prior when production totaled 1,774,000 net tons, according to the American Iron and Steel Institute (AISI). The mill utilization rate last week averaged 79.2%, up from 78.1% the week before and up 47.1% from the […]
The United States and the European Union have begun negotiations that could lead to the removal of Section 232 tariffs on steel and aluminum imported from the continent, according to market participants and a joint statement from the two sides. The official trigger of the talks: U.S. Trade Representative Katherine Tai, Commerce Secretary Gina Raimondo […]
Mill shipments of steel products improved by 18.3% in March compared to the month prior, while apparent supply increased by 18.1% during the same period. The double-digit gains are even more impressive considering their low performance in February, the first decline in both apparent supply and shipments of steel since the market reached bottom back in […]
Lourenco Goncalves, chairman, president and CEO of Cleveland-Cliffs, will be honored as Steelmaker of the Year by the Association for Iron and Steel Technology at this year’s AISTech 2021 conference. The award recognizes Goncalves for his leadership in the iron and steel industry. Said AIST in a press release: “Goncalves is awarded Steelmaker of the […]
Could the U.S. steel industry be looking at 50 million tons of new demand in the next few years? That’s one way of calculating how much steel might be required if a $1-trillion infrastructure package passes Congress and is signed into law. Infrastructure spending of $1 billion equals 50,000 tons in steel demand, according to a […]
Could the U.S. steel industry be looking at 50 million tons of new demand in the next few years? That’s one way of calculating how much steel might be required if a $1-trillion infrastructure package passes Congress and is signed into law. Infrastructure spending of $1 billion equals 50,000 tons in steel demand, according to a […]
Raw steel production by U.S. mills edged down 0.8% in the week ending May 8 compared to the week prior, the first decrease in nearly a month, according to the American Iron and Steel Institute (AISI). Production totaled 1,774,000 net tons last week while mill utilization averaged 78.1%, down from 1,788,000 net tons and 78.7% […]
Join us for a free, 45-minute SMU Community Chat on Wednesday with an infrastructure policy expert from the American Iron and Steel Institute (AISI). Brett Smith, senior director of government relations at the AISI, will be the featured speaker during the webinar on May 12, at 11 a.m. ET. Smith serves as liaison between AISI member […]
Record-high steel prices result not from Section 232 tariffs or industry consolidation but instead from uniquely strong supply-demand fundamentals, Cleveland-Cliffs’ top executive said. And an ambitious infrastructure package would go a long way toward keeping those fundamentals, and the resulting investment in the domestic steel industry, stronger for longer, he suggested. “We in this country […]
Record-high steel prices result not from Section 232 tariffs or industry consolidation but instead from uniquely strong supply-demand fundamentals, Cleveland-Cliffs’ top executive said. And an ambitious infrastructure package would go a long way toward keeping those fundamentals, and the resulting investment in the domestic steel industry, stronger for longer, he suggested. “We in this country […]
U.S. steel product shipments rose by 1.9% in March after slipping by 1.7% the month prior. The rebound follows February’s decline—the first decrease since bottoming out in April 2020—which was attributed to seasonal factors. Shipments of manufactured durable goods saw a similar blip. March steel shipments posted a 9.9% increase when compared to March 2020, surpassing pre-pandemic levels, according […]
Price, Price, Price… I might as well begin where I left off in our last issue of Steel Market Update on Thursday. Everyone wants to know when this market will peak, then tip over, and how far it will then fall. There are a wide range of opinions within the steel community, from prices will […]
Brett Smith, senior director of government relations at the American Iron and Steel Institute (AISI), will be the featured speaker during the next SMU Community Chat on Wednesday, May 12, at 11 a.m. ET. Smith serves as liaison between AISI member companies from the American steel industry and the U.S. Congress and federal agencies. He […]
Brett Smith, senior director of government relations at the American Iron and Steel Institute (AISI), will be the featured speaker during the next SMU Community Chat on Wednesday, May 12, at 11 a.m. ET. Smith serves as liaison between AISI member companies from the American steel industry and the U.S. Congress and federal agencies. He […]