By Bill Beck - February 19, 2019
It turned out it was a very good year for steel. Steelmakers booked record profits, thanks to a growing American economy and the implementation of President Donald Trump’s Section 232 tariffs. The trade measure, ranging from 10% to 25% on foreign steel and aluminum, gave a huge jump start to an industry that had been struggling in the latter years of the Obama presidency. The steel utilization rate climbed steadily upward during the past year, topping out at just over 80 percent at the end of the year.
Steel shipments for 2018 totaled 95.28 million tons, up nearly 5% from the 90.80 million tons shipped in 2017.
By Sean Barry - December 17, 2018
After enjoying a bumper 2018, a cloud of uncertainty hangs over the North American ferrous scrap industry heading into the New Year as market players question whether prices in 2019 will manage to outgun the pace of growth experienced over the past year on robust domestic demand.
By Staff - November 21, 2018
The North American ferrous scrap market is expected to end the year on a high and book three straight months of gains as healthy order books and diminished supply levels are set to boost prices.
By Sean Barry - November 21, 2018
The North American ferrous scrap market is expected to end the year on a high and book three straight months of gains as healthy order books and diminished supply levels are set to boost prices.
By Bill Beck - November 19, 2018
It has been a very good year for the nation’s steel industry. President Donald Trump’s promise to protect the domestic steel industry with tariffs during the 2016 Presidential elections became a reality this year. Tariffs ranging from 10 percent to 25 percent on foreign steel gave a huge jump start to an industry that had been struggling in the latter years of the Obama presidency. The steel utilization rate has climbed steadily upward during the past year, topping out at just over 80 percent at the beginning of November.