The Global Forum on Steel Excess Capacity agreed on a framework Thursday for collectively solving the world’s steel overcapacity problem. The 33 members worked together to develop specific policy recommendations using six agreed-upon principles to formulate solutions for bringing steel capacity in line with demand and reducing trade distortions. Notable is a new sharing of […]
Imports of foreign steel will be much lower in November than at any time since April 2016. Based on the most recent license data released on Tuesday, Nov. 28, imports will be approximately 2.6 million tons. This is down from 3.1 million tons in October and is also less than the 2.8 million tons imported […]
U.S. raw steel production for the week ending Nov. 25 totaled 1,703,000 net tons, a 7.0 percent increase from the same period last year, but down 2.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.0 percent, down from 74.9 percent the prior week but up from 67.1 percent […]
U.S. demand for steel sheet products continued to expand through September, according to Steel Market Update’s analysis of data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce. Apparent supply is a proxy for market demand. Demand momentum for sheet products in total was negative in the three months through […]
U.S. raw steel production for the week ending Nov. 18 totaled 1,745,000 net tons, a 9.7 percent increase from the same period last year, and up 0.3 percent from the prior week. The mill capability utilization rate for the week averaged 74.9 percent, up from 74.6 percent the prior week and 67.1 percent the prior […]
U.S. raw steel production for the week ending Nov. 11 totaled 1,739,000 net tons, a 9.3 percent increase from the same period last year, and up 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 74.6 percent, up from 73.6 percent the prior week and 67.1 percent the prior […]
Apparent steel supply for the month of September totaled 9,144,648 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. September apparent steel supply […]
U.S. raw steel production for the week ending Nov. 4 totaled 1,715,000 net tons, a 9.0 percent increase from the same period last year, but down 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.6 percent, down from 74.6 percent the prior week and 68.7 percent the prior […]
House Republicans released details of their vision for tax reform on Thursday, raising many questions in constituents’ minds, the primary one being: What does this mean for us? The headline provisions of the bill—which its sponsors contend would simplify the tax code, provide tax relief to the middle class and spur economic growth—include cutting the […]
U.S. raw steel production for the week ending Oct. 28 totaled 1,739,000 net tons, a 5.1 percent increase from the same period last year, and up 0.5 percent from the prior week. The mill capability utilization rate for the week averaged 74.6 percent, down from 74.3 percent the prior week and 70.8 percent the prior […]
Steel imports into the U.S. increased by nearly 20 percent in the first nine months of the year, giving imports an estimated 28 percent share of the U.S. steel market—much to the ire of domestic steelmakers. Citing preliminary Census Bureau data, the American Iron and Steel Institute on Wednesday reported that steel imports year to […]
Two representatives of steel intensive regions will co-chair the Congressional Steel Caucus, Representatives Rick Crawford (R-AR) and Mike Bost (R-IL). Crawford’s 1st Congressional District in Arkansas was a farming region three decades ago when the Caucus was founded. Today, it hosts Nucor-Steel Yamato, Nucor Steel Arkansas, and Big River Steel, making it the second largest […]
Two representatives of steel intensive regions will co-chair the Congressional Steel Caucus, Representatives Rick Crawford (R-AR) and Mike Bost (R-IL). Crawford’s 1st Congressional District in Arkansas was a farming region three decades ago when the Caucus was founded. Today, it hosts Nucor-Steel Yamato, Nucor Steel Arkansas and Big River Steel, making it the second largest […]
U.S. raw steel production for the week ending Oct. 21 totaled 1,731,000 net tons, a 4.6 percent increase from the same period last year, but down 0.7 percent from the prior week. The mill capability utilization rate for the week averaged 74.3 percent, down from 74.8 percent the prior week and 70.8 percent the prior […]
U.S. raw steel production for the week ending Oct. 14 totaled 1,744,000 net tons, a 5.4 percent increase from the same period last year, and up 0.2 percent from the prior week. The mill capability utilization rate for the week averaged 74.8 percent, up from 74.7 percent the prior week and 70.8 percent the prior […]
Demand for steel sheet products continued to expand through August. This report summarizes total steel supply by product from 2003 through August 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports […]
U.S. raw steel production for the week ending Oct. 7 totaled 1,741,000 net tons, a 5.2 percent increase from the same period last year, and up 2.1 percent from the prior week. The mill capability utilization rate for the week averaged 74.7 percent, up from 73.2 percent the prior week and 70.8 percent the prior year, […]
Total raw steel production for the month of August was 7,824,820 net tons, with 5,344,663 tons produced by electric arc furnaces (EAFs) and 2,480,157 tons produced by blast furnaces. This is the highest monthly production figure seen since January 2015 when 8,002,074 tons were produced. August raw steel production was 150,877 tons or 2.0 percent […]
U.S. raw steel production totaled 1,706,000 net tons in the week ended Sept. 30, a 7.2 percent increase from the same period last year, but down 0.8 percent from the prior week. The mill capability utilization rate for the Sept. 30 week averaged 73.2 percent, up substantially from the 68.0 percent at the same time […]
U.S. raw steel production totaled 1,720,000 net tons in the week ending Sept. 23, an 8.1 percent increase from the same period last year, but down 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.8 percent, down slightly from 74.9 percent the prior week, but up substantially from the 68.0 […]
Nucor Corp. executives urged the U.S. Trade Representative and Department of Commerce to vigorously oppose any efforts to weaken existing Buy America/n requirements, in their comments on President Trump’s April executive order. The steel company also urged the U.S. government to take additional action to stimulate demand for domestic steel in U.S. and foreign government […]
Are “Buy American” policies good for the U.S. economy and the U.S. steel industry? President Trump issued an executive order in April instructing all federal agencies to conduct comprehensive assessments aimed at cracking down on weak enforcement of Buy American policies, and targeting the abusive use of waivers and exceptions that undermine Buy American laws. […]
European steel producers are worried about tight supply conditions for carbon graphite electrodes used in electric arc furnace steelmaking, but it may not be as big a problem in the U.S. A global shortage of high quality needle coke has spiked prices and squeezed supply of electrodes in Europe in recent months, said Axel Eggert, […]
U.S. raw steel production totaled 1,745,000 net tons in the week ending Sept. 16, up 0.7 percent from the prior week and an increase of 9.7 percent from the same period last year. The mill capability utilization rate for the Sept. 16 week was 74.9 percent, up significantly from 68.0 percent at the same time […]
Imports continued to increase their share of the steel sheet market in July. Apparent supply is a proxy for market demand. For all sheet products except other metallic coated, demand had positive momentum in three months through July. This report summarizes total steel supply from 2003 through July 2017 and year-on-year changes. It then compares […]
Domestic raw steel production totaled 1,733,000 net tons in the week ending Sept. 9, an 8.9 percent increase from the same period last year, but a decrease of 0.8 percent from the prior week. The mill capability utilization rate was 74.3 percent, down slightly from 74.9 percent the prior week, but up from 68.0 percent […]
Apparent steel supply for the month of July totaled 9,570,118 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. July apparent steel supply […]
Domestic raw steel production totaled 1,747,000 net tons in the week ending Sept. 2, up 0.4 percent from the prior week and an 8.6 percent increase from the same period in 2016. The mill capability utilization rate was 74.9 percent for the week, up from 68.8 percent in the same week last year, reports the […]
Senior steel executives representing most of the nation’s flat rolled and long product manufacturers appealed directly to Donald Trump on Wednesday urging action on the Section 232 steel imports case. The letter from 25 steel and steel-related companies asked the president to take “broad and decisive action to ensure the ability of the domestic steel […]
Today, 25 steel mills and related companies, as well as the American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA), sent a letter to President Trump asking that he act on Section 232 and stop foreign steel from damaging the domestic steel industry. According to the letter, 30 percent of the apparent supply […]