U.S. manufacturers are taking a firm stance against market economy status for China. AISI announced formation of a coalition, Manufacturers for Trade Enforcement, to oppose China’s request for market economy designation at the end of 2016. The coalition says China does not meet the established criteria for a market economy. “Our industries can compete against […]
This report summarizes total steel supply from 2007 through January 2016 and year on year changes. It then compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison of the degree to which imports have absorbed demand. Sources are the American Iron […]
President Barack Obama signed into law Wednesday the Trade Facilitation and Trade Enforcement Act of 2015. The customs bill which includes the ENFORCE Act has been strongly supported by the U.S. steel industry. Minnesota Gov. Mark Dayton spoke with the President at the National Governor’s Association in Washington, DC on Monday on the need for […]
Last week, the Senate passed the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). The bill contains important provisions of the Enforcing Orders and Reducing Customs Evasion (ENFORCE) Act that have been promoted by the U.S. steel and manufacturing industries to combat evasion of antidumping and countervailing duties . Evasion is defined as failing […]
The Trade Facilitation and Trade Enforcement Act of 2015 passed by a margin of 75-20 in the Senate this morning. The customs bill has been advocated by the steel industry to strengthen measures to combat unfairly traded and subsidized imports. The bill now moves to the President for anticipated approval and signature. The American Iron […]
This report summarizes total steel supply annually from 2007 through 2015 and year on year changes. It then compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison of the degree to which imports have absorbed demand. Sources are the American Iron […]
Sources are telling SMU that the Nucor Decatur EAF’s will be offline for 10 days in early March as the mill replaces one of the furnaces. This is added on top of the idling of the Granite City (USS) and Ashland (AK Steel) hot ends plus the closure of the USS Fairfield hot end. Note […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of December 2015 was 7,878,660 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. December supply […]
WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) Board of Directors this week approved the Institute’s 2016 Public Policy Agenda during its meeting in Washington, D.C. The Agenda outlines aggressive pro-manufacturing policy strategies to guide advocacy for the upcoming year and highlights the importance of the steel industry to the U.S. economy and […]
After five years of negotiations, the twelve nations of the Trans Pacific Partnership signed the trade agreement in a ceremony in New Zealand on February 4. The signing was celebrated by the trade ministers but the agreement must still be officially approved by the individual nations. The countries have two years to ratify TPP through […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of November 2015 was 7,710,331 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. Foreign steel […]
This report compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison showing the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of October 2015 was 8,868,427 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. October supply […]
This report compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison showing the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both […]
The House passed the long-awaited customs bill by a 256-158 margin on Friday. The conference report of the Trade Facilitation and Trade Enforcement Act (H.R.644) includes the ENFORCE act that provides new measures sought after by the steel industry to address evasion of antidumping and countervailing duties. The bill will head to the Senate for […]
AISI and eight other steel associations met with government officials in Paris on December 1 to present arguments against granting China Market Economy status. The press release from AISI follows: PARIS – The American Iron and Steel Institute, the Steel Manufacturers Association, the Canadian Steel Producers Association, CANACERO (the Mexican steel association), Alacero (the Latin […]
In early November, nine steel associations released a statement expressing their opposition to China’s bid to become a market economy by December 2016. In a November 25 rebuttal, the Chinese Iron and Steel Association (CISA) said it is “astonished” by the group’s claims that China is primary global contributor to steel overcapacity. CISA called the […]
The following article is another example of Premium level content that is not normally seen by our Executive level members. If you would like to learn more about upgrading your membership from Executive to Premium please contact our office: info@SteelMarketUpdate.com or by phone: 800-432-3475. This report compares domestic mill shipments and total supply to the […]
(From AISI, Nov. 10, 2015) A report released today concludes that treating China as a market economy in antidumping investigations would “severely damage the NAFTA steel industries and harm NAFTA economies.” The study, comprised of three economic analyses, was conducted by leading economists from Capital Trade Incorporated in Washington, DC; the Centre for Spatial Economics […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of September 2015 was 8,543,021 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. September supply […]
The American Iron and Steel Institute, the Steel Manufacturers Association, the Canadian Steel Producers Association, CANACERO (the Mexican steel association), Alacero (the Latin American steel association), EUROFER (the European steel association,) Instituto AcoBrasil (the Brazil Steel Institute), the Specialty Steel Industry of North American and the Committee on Pipe and Tube Imports today released a […]
AK Steel announced today that James L. Wainscott is retiring as President and Chief Executive Officer of AK Steel, effective January 1, 2016. Wainscott will continue to serve as Chairman of the Board of Directors in a non-executive capacity. Roger K. Newport has been named as the new Chief Executive Officer and will serve as […]
The nation’s highways received some much needed attention last week. The House Transportation and Infrastructure Committee on Thursday approved a bipartisan bill to provide up to $325 billion for transportation projects over the next six years. The Surface Transportation Reauthorization and Reform (STRR) Act of 2015 (H.R.3763) would authorize $261 billion for highways, $55 billion […]
This report compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison showing the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both […]
The 12 countries of the Trans-Pacific Partnership have finally reached accord on an agreement after more than five years of intensive negotiations, effectively creating the world’s largest free trade zone. US Trade Representative Michael Froman said in an announcement that the agreement will “support jobs, drive sustainable growth, foster inclusive development and promote innovation across […]
AISI: WASHINGTON, D.C. – American Iron and Steel Institute (AISI) President and CEO Thomas J. Gibson today urged President Obama to “fight for manufacturing and for steel” during the U.S. visit of Chinese President Xi Jinping this week. Gibson said his group wholeheartedly supports the positions outlined in letters sent this week to the Administration […]
WASHINGTON, D.C., September 24, 2015 – The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), has launched a new website that focuses on using steel for building construction. The new site, located at www.buildusingsteel.org, provides information for engineers, architects, owners, building contractors, code officials and other construction […]
The legalese can be brain numbing when reviewing the documents involved with the various steel trade suits. However, large manufacturing companies have their attorneys go through the petitions and review the specific language in order to recognize when changes are made in order to protect themselves from surprises. If your company has not done so […]
This report compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison showing the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of June 2015 was 9,373,498 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. June supply […]