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News
Price: Setting the record straight on steel as the summer of trade heats up
6+ hour, 38+ min ago (780+ words) Written by Alan Price & Paul Devamithran This is an opinion column. The views in this article are those of an experienced trade attorney on issues of relevance to the steel market. They do not necessarily reflect those of SMU. We…...
Commerce modifies duties on Korean CR, galvanized sheet
1+ day, 6+ hour ago (388+ words) Written by Laura Miller The US Department of Commerce is adjusting the import duties on Korean cold-rolled and galvanized steel after two administrative reviews, according to announcements in the Federal Register. In the Korean cold rolled anti-dumping duty (AD) review,…...
Reliance lauds US reshoring investments
1+ day, 6+ hour ago (446+ words) Written by Kristen DiLandro The Scottsdale, Ariz.-based service center group expects its contracts with the US to continue driving high volume demand into the next quarter. Chief Operating Officer Steve Koch said shipments into general manufacturing were driven by…...
Steel, raw materials exempted from finalized forced labor 301 tariffs
1+ day, 8+ hour ago (473+ words) Written by Laura Miller Steel and many steelmaking raw materials have been spared from additional forced labor Section 301 tariffs. The Trump administration acted on Thursday, July 23, to impose additional tariffs of 10-12.5% on 60 nations for their actions, or lack thereof, to…...
AMU Survey: Recyclers turn more cautious
1+ day, 8+ hour ago (987+ words) Written by Nicholas Bell July survey responses showed softer scrap market sentiment than in June, although recyclers and processors stopped short of indicating a broadly excessive supply. Recycler expectations shifted further toward lower Midwest Premium and used beverage can (UBC)…...
Export scrap market for Turkey springs back
1+ day, 8+ hour ago (536+ words) Written by Stephen Miller The export market for scrap for Turkey has come back to life over the last week. The last time SMU reported on the export market on July 6, there was very limited and cautious activity by Turkish…...
CRU: Jingye to sue UK for British Steel renationalization
1+ day, 9+ hour ago (496+ words) Written by CRU Group This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com Chinese steel maker Jingye has called on the British government to halt its takeover of…...
Drill rig activity remains strong in US and Canada
1+ day, 9+ hour ago (332+ words) Written by Brett Linton Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes. The US rig count eased following the…...
SMU Steel Demand Index grows at a slower pace
1+ day, 10+ hour ago (1094+ words) Written by David Schollaert SMU’s Steel Demand Index saw a slight decline in growth, slightly behind early July, but remaining in elevated territory, according to mid-to-late July indicators. The Steel Demand Index, compiled from our survey data, now stands at…...
Final Thoughts: USMCA column wrap-up
1+ day, 13+ hour ago (728+ words) Written by Ethan Bernard Probably the most notable news happened right at the outset of the review. That is when the US declined to renew the agreement in its current form. But as SMA President and CEO Philip K. Bell reminded…...