Tag: USA

UAW: Too early to resume auto production in US

Posted on by admin

The United Autoworkers union said in a statement Friday that an early May restart for US auto producers is not “suitable” because it does not believe the “scientific data is conclusive that it is safe to have our members back the workplace.” The union said there is not enough testing available to assess the threat […]

Read More

Steel Dynamics maintains plans to open EAF flats mill in mid-2021

Posted on by admin

In its quarterly results press release, Steel Dynamics said it is maintaining plans to open a new $1.9 billion EAF flat roll steel mill in mid-2021. Construction on the project began in January 2020. The facility, located in Sinton, Texas, will have an annual capacity of 3 million tons, producing Advanced High Strength Steel grades. […]

Read More

SDI reports lower net income for Q1, says steel demand will “respond quickly” once US reopens

Posted on by admin

Steel Dynamics, Inc. announced first quarter 2020 financial results, reporting net sales of $2.6 billion and net income of $187 million. Comparatively, prior year first quarter net sales were $2.8 billion, with net income of $204 million. Sequential fourth quarter 2019 net sales were $2.4 billion, with net income of $121 million. First quarter 2020 […]

Read More

ArcelorMittal USA to idle blast furnace at Indiana Harbor mill

Posted on by admin

ArcelorMittal USA announced Monday it will idle the #4 blast furnace at the Indiana Harbor steel mill in East Chicago, Indiana, according to local news reports. “The COVID-19 outbreak has impacted ArcelorMittal USA’s key use markets. In response to this, we are adapting our capacity to meet changing demand while maintaining the flexibility of our […]

Read More

US structural pipe and tube exports up 6.9 percent in February

Posted on by admin

According to export data from the US Department of Commerce, US exports of structural pipe and tube totaled 10,023 mt in February 2020, up 6.9 percent from January and up 34.4 percent from February 2019 levels. By value, structural pipe and tube exports totaled $13.9 million in February, compared to $14.7 million in the previous […]

Read More

US tool steel imports down 19.6 percent in February

Posted on by admin

According to final census data from the US Department of Commerce, US imports of tool steel totaled 6,875 mt in February 2020, down 19.6 percent from January and down 24.4 percent from February 2019 levels. By value, tool steel imports totaled $18.2 million in February 2020, compared to $22.8 million in the previous month and […]

Read More

US raw steel production rises 1.7 percent week-on-week

Posted on by admin

According to the American Iron and Steel Institute (AISI), in the week ending on April 18, 2020, US domestic raw steel production was 1,277,000 net tons while the capability utilization rate was 57.0 percent. Production for the week ending April 18, 2020 is up 1.7 percent from the previous week ending April 11, 2020 when […]

Read More

US DOC launches AD/CVD investigation into steel cylinders from China

Posted on by admin

The US Department of Commerce (DOC) announced Friday the initiation of new antidumping (AD) and countervailing duty (CVD) investigations to determine whether non-refillable steel cylinders from China are being sold in the United States at less than fair value, and to determine if producers in China are receiving unfair subsidies. The alleged dumping margin is […]

Read More

US OCTG exports up 3.7 percent in February

Posted on by admin

According to export data from the US Department of Commerce, US exports of oil country tubular goods (OCTG) totaled 15,716 mt in February 2020, up 3.7 percent from January but down 24.5 percent from February 2019 levels. By value, OCTG exports totaled $32.8 million in February, compared to $30.3 million in the previous month and […]

Read More

US merchant bar imports down 34.9 percent in February

Posted on by admin

According to final census data from the US Department of Commerce, US imports of light-shaped bars (merchant bar) totaled 7,352 mt in February 2020, down 34.9 percent from January but up 39.9 percent from February 2019 levels. By value, cold finished bar imports totaled $5.1 million in February 2020, compared to $7.4 million in the […]

Read More