Last year, it took Steel Market Update until Aug. 1 to reach the number of registrations already booked for the 2018 SMU Steel Summit Conference. On Tuesday alone we received registrations from: Duferco, L&W Supply, A.B. Martin Roofing Supply, Ryerson, Lapham-Hickey Steel and Roll-Kraft. We are just a few people shy of 550 and on […]
Last year, it took Steel Market Update until Aug. 1 to reach the number of registrations already booked for the 2018 SMU Steel Summit Conference. Today alone we received registrations from: Duferco, L&W Supply, A.B. Martin Roofing Supply, Ryerson, Lapham-Hickey Steel and Roll-Kraft. We are just a few people shy of 550 and on our […]
I am in Chicago this evening attending the Metals Industry Boy Scout Dinner. Joining me is Tim Triplett, so please excuse tonight’s issue if it seems a little shorter than normal. The Vietnam circumvention final ruling has been delayed another week. I was speaking to a prospective new customer yesterday and realized as I talked […]
One quick note to those who may be thinking about attending our Steel 101 workshop in Memphis. We only have a few spots left and I expect the workshop will be sold out within the next week or so. If you have an interest in attending and you have questions about the workshop, please send […]
The SMU Steel Summit Conference is THE fastest growing steel conference in North America and THE one conference manufacturing, distribution, suppliers to the industry and steel mills want to attend. Details about the agenda, speakers, location and costs, as well as how to register, can be found on our website: www.SteelMarketUpdate.com/Events/Steel-Summit or you can contact […]
Peter Brebach, CEO of Iron Angels of Colorado, one of the founding members of the American Institute for International Steel (AIIS) and a friend of Steel Market Update where he was a contributing writer and co-founder of SMU Steel 101 workshop, has passed away. The American Institute for International Steel sent out the following press […]
Steel Market Update is celebrating our 8th Anniversary. People ask me how I can do what I do on a daily, weekly, monthly and yearly basis? After all, I have been doing this over the past 8 years when most people my age would be thinking of slowing down and planning for their retirement. I […]
A.M. Castle & Co., a specialty metals distributor, announced that it will sell its 50 percent joint venture ownership in Kreher Steel Business to partner Duferco. Duferco will become the 100 percent owner of Kreher in exchange for a purchase price of approximately $31.6 million. The transaction is expected to close August 22, 2016. The […]
I did trade emails with trade attorney Lewis Leibowitz regarding the International Trade Commission (ITC) commissioners. I wanted to know if the new president of the United States could make wholesale changes with the commissioners and change the balance of the rulings being made on steel trade cases and others. Mr. Leibowitz told us, “The […]
Last week the U.S. Department of Commerce announced the Preliminary Determination of the Antidumping (AD) portion of the CORE (corrosion resistant – galvanized, Galvalume, aluminized, etc.) trade suit. We have received a number of questions/comments regarding the actual impact of the various rulings and what the ultimate cash deposits (not duties yet) will be. Last […]
The U.S. Department of Commerce announced Preliminary Determinations on countervailing duties (CVD) for corrosion resistant steels from Italy (affirmative), China (affirmative), India (affirmative) and Korea (affirmative). There was one country, Taiwan, which was found to not be subject to countervailing duties. You will notice that there are a number of steel mills/exporters that were hit […]
On Friday, October 30, 2015, the U.S. Department of Commerce announced their Preliminary Determination that critical circumstances existed on corrosion resistant steels from certain mills in the Peoples Republic of China (China), South Korea (Korea), Italy and Taiwan. Critical circumstances were not found for any company from India and only ILVA was identified from Italy. […]
Fourth quarter crude steel production at NLMK Indiana decreased 7.6 percent to 162,000 tonnes (178,571 tons) quarter over quarter and was down 1.3 percent year over year. Steel mill capacity was running at 84 percent during Q4. Rolled steel output totaled 483,000 tonnes (532,407 tons), dropping 9 percent sequentially. Decreased sales of hot and cold […]
The world’s largest steel trader, Duferco International Trading Holding, confirmed Tuesday it will sell a majority stake to China’s Hebei Iron & Steel Group. The deal is valued at approximately $400 million according to China News Service. The agreement, signed on Tuesday, is aimed at enhancing the ability of China’s largest steel company to sell […]
NLMK USA crude steel production at NLMK Indiana grew 11.5 percent q/q in the third quarter to 175,000 tonnes (192,901 tons). Capacity utilization increased to 91 percent. Rolled steel output at NLMK USA totaled 515,000 tonnes (567,680 tons) a decline of 4.9 percent quarter over quarter. Sales for third quarter rolled-steel totaled 531,000 tonnes (585,317 […]
During the month of February the U.S. Department of Commerce released their preliminary determinations regarding anti-dumping duty suits which were brought by the domestic steel mills and OCTG producers against 9 countries. The results will not make the domestic mills and OCTG happy as the biggest fish – Korea – escaped unscathed. The U.S. Department […]
The domestic steel mills and oil country tubular goods (OCTG) manufacturing companies which filed dumping cases against India, the Philippines, Saudia Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam are happy. However, the big fish – Korea – escaped with no duties being instituted. The U.S. Department of Commerce released affirmative preliminary determinations […]