Some quick housekeeping regarding this week’s schedule. On Monday I will be going out with two requests via email. The first will be for those service centers who participate in our service center inventories index. I hope to have those emails out to each of the distributors between 7:30 and 8:30 AM ET. Around 9 […]
The American Iron and Steel Institute has elected Roger Newport, chief executive officer of AK Steel Corp., to serve as chairman of AISI through May 2020. “Roger Newport is one of the global steel industry’s most respected and influential leaders, and is a tireless advocate for the North American steel industry. Whether it be meeting […]
The American Iron and Steel Institute’s (AISI) Board of Directors have elected Roger Newport, chief executive officer and member of the board of directors, AK Steel Corporation, to serve as chairman of the Institute, through May 2020. “Roger Newport is one of the global steel industry’s most respected and influential leaders, and is a tireless […]
Reaction to the official announcement and signing of the Section 232 proclamation brought swift reaction from the industry and Congress. Opinions ranged from unwavering support, “the era of American trade surrender is coming to an end,” to total dismay, “the sweeping tariffs announced today are like dropping a bomb on a flea.” Supporting the 25 […]
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 […]
Reaction by American trade associations and producers to Friday’s Commerce Department recommendations on Section 232 was mostly favorable and encouraged swift action. The Steel Manufacturers Association applauded the recommendations laid out by Secretary Wilbur Ross in the Section 232 steel report: “Secretary Ross has accurately concluded that steel imports threaten to impair our national security […]
The steel industry stands to be a major beneficiary of the $1.5 trillion in infrastructure improvements proposed by President Trump in his State of the Union address on Tuesday, but don’t count on the extra government business anytime soon. Not unlike his plan to build a border wall paid for by Mexico rather than the […]
As plugged into Washington as they may be, the leadership of the Steel Manufacturers Association is in the dark on Section 232, just like everyone else. Queried by reporters last week during SMA’s board meeting in Florida, the trade group’s officers could offer no inside information on what to expect from President Trump as he […]
Steel is a core business for the port in Tampa, Fla., which handled steel and scrap imports and exports totaling about 900,000 tons last year. Hundreds of industry executives will also pass through the port as attendees of the 29th annual Tampa Steel Conference to be hosted by Port Tampa Bay and Ports America on […]
Steel is a core business for the port in Tampa, Fla., which handled steel and scrap imports and exports totaling about 900,000 tons last year. Hundreds of industry executives will also pass through the port as attendees of the 29th annual Tampa Steel Conference to be hosted by Port Tampa Bay and Ports America on […]
Jean Carroll Kemp, a Washington trade and public policy veteran, has joined the Steel Manufacturers Association (SMA) as Senior Vice President of Government Affairs and Trade Policy. “Jean’s experience and character make her uniquely qualified for this role at the SMA. She is a trade policy expert adept at creating solutions to the sensitive and […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
Sectors closely associated with the steel industry have generally reacted favorably to the tax reform legislation passed on Wednesday. The Steel Manufacturers Association hopes the bill will “result in significant economic growth that improves the fiscal situation for individuals, small business and corporations.” SMA President Philip Bell said it is now time to turn to […]
The Senate passed a tax bill on Dec. 2 and is now in the process of reconciling it with the legislation passed by the House last month. Steel Manufacturers Association President Philip Bell said in a statement on Saturday, “It is our hope that after reconciliation the final legislation will result in significant economic growth […]
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 […]
The Global Forum on excess steel capacity is getting closer to releasing its report. The Forum was convened after the G20 meetings in Paris and has outlined six key principles in a draft report that is circulating among 33 participating countries. Comments are due by Oct. 10 with a possible final draft delivered to G20 ministers on […]
The Steel Manufacturers Association is still confident that the Section 232 investigation on steel imports will bring relief to the U.S. steel industry. SMA President Philip Bell called the investigation a “really complex issue,” during a media call on Monday. Although the administration issued a self-imposed deadline of June 30, which it failed to meet, […]
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, […]
Solar manufacturers are hoping for a positive determination in a Section 201 trade case that claims U.S. manufacturers are harmed by global overcapacity and the import of cheap solar modules from China. They are now getting support from the steel industry in the form of a letter to the U.S. International Trade Commission from the […]
Steel Market Update asked four panelists at the 2018 Steel Summit to define free and fair trade and offer some solutions to what most in the industry consider unfairly traded steel imports. Philip Bell, president of the Steel Manufacturers Association representing North American EAF steel producers, said there are five components of free and fair […]
Shipping complaints about CSX Transportation have prompted the Surface Transportation Board to write to CSX President and CEO E. Hunter Harrison to express their concerns. According to the Board, shippers are complaining that CSX rail service deteriorated markedly in second-quarter 2017, coinciding with significant operational changes at the company. The Board received a number of […]
The Commerce Department has extended the deadline for determinations in the anti-circumvention investigation of corrosion-resistant steel from China to Feb. 15, 2018. On Nov. 14, 2016, the anti-circumvention case was initiated on CORE steel products from the People’s Republic of China in response to a request from steel companies ArcelorMittal USA, Nucor, U.S. Steel, AK […]
Tomorrow, Monday, Aug. 28, the steel event of the year will kick off in Atlanta. With over 650 steel and manufacturing executives registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the Steel Market Update Steel Summit Conference. This is what the fuss […]
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 […]
In their pursuit of free and fair trade, U.S. steelmakers are often called protectionist—a label they increasingly resent. Steel industry trade groups, including the American Iron and Steel Institute and the Steel Manufacturers Association, have urged the Trump administration to take a harder stance on steel imports. Trade action, including new tariffs or quotas under […]
In their pursuit of free and fair trade, U.S. steelmakers are often called protectionist—a label they increasingly resent. Steel industry trade groups, including the American Iron and Steel Institute and the Steel Manufacturers Association, have urged the Trump administration to take a harder stance on steel imports. Trade action, including new tariffs or quotas under […]