By Bill Beck - October 22, 2018
An up and down year in the nation’s ferrous scrap market has seen prices slip from their first quarter peak to a low at the end of the third quarter. But strong order books and decreasing flow of such bellwether grades as shredded and cut scrap have many in the industry expecting fourth quarter prices to rebound to levels higher than they were during the year’s early months.
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.”