By Bill Beck - August 20, 2018
As the summer of 2018 begins to wind down, the nation’s steel industry is enjoying one of its better years in decades. U.S. gross domestic product (GDP) is clipping along at just over 4 percent on an annual average basis, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.
By Sean Barry - July 16, 2018
What a difference a year can make in the U.S. steel industry. Just 12 months ago the tone of American Metal Market’s Steel “Survival” Strategies conference was one of doom and gloom amid a depressed pricing environment and the lingering impact of high import levels on domestic production.
By Bill Beck - June 18, 2018
As the summer of 2018 gets underway, the nation’s steel industry is enjoying one of its better years in decades. The U.S. GDP is clipping along at better than a 3.5 percent annual average, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.
By Bill Beck - May 21, 2018
The announcement in mid-March that Big River Steel is looking into the possibility of doubling capacity at the greenfield mill on the Mississippi River in Arkansas was hardly surprising. President Donald Trump’s decision to levy Section 232 tariffs of 25 percent against steel coming into the United States from a number of countries immediately led to speculation that U.S. mills would increase capacity to take advantage of what the industry terms “a more level playing field.”
By Sean Barry - April 24, 2018
Buoyed by a stellar 2017 when a rebound in demand boosted prices, the U.S. pig iron market is expected to build on that momentum through this year amid reports of solid order books and tight supply, driven largely by the lingering impact of limited exports out of Brazil, according to market players.