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Economy & Markets

The latest on the economy's health and the markets driving the supply and demand of steel.

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Steel Dynamics Expands SBQ Finishing Capabilities Through US$126M Deal

30 Jun 2016 - U.S.-based Steel Dynamics Inc. is acquiring America’s largest maker of threaded rod for US$126 million, the company announced on Thursday.

Workers Return to Idled U.S. Steel Corp. Mill

28 Jun 2016 - Steadily improving market condtions have allowed United States Steel Corp. to recall most of the laid-off employees at its East Chicago tin mill in northwest Indiana, reports The Times newspaper.

Proposed 10M-Ton Mill Wins Environmental Approval

27 Jun 2016 - The Indian government has given environmental clearances to an integrated steel plant that JSW Steel is proposing to build in the state of Jharkhand.

U.S. Trade Commission Upholds Duties on Corrosion-Resistant Steel

27 Jun 2016 - The U.S. International Trade Commission has affirmed that domestic producers are being harmed by imports of corrosion-resistant steel from five countries, including China.

Two Chinese Steelmakers Explore Mega-Merger

27 Jun 2016 - Baosteel Group Corp. and Wuhan Iron & Steel Group Corp., two of China’s largest steelmakers, are considering a merger, potentially creating a company that could rival No. 1 ArcelorMittal SA, according to reports.

Brexit Leaves Fate of Tata Steel U.K. All the More Uncertain

27 Jun 2016 - The United Kingdom’s vote to secede from the European Union will complicate Tata Steel's efforts to sell its U.K. strip business and may, in fact, give the company more of a reason to hold on to the business, according to reports.

Indian Coking Coal Demand Poised for Significant Increase

23 Jun 2016 - India’s coking coal demand is likely to increase by 45 percent by 2020 as the country looks to expand its steel production, according to The (India) Economic Times.

Nippon Steel Marks Start of Construction on U.S. Processing Plant

22 Jun 2016 - Nippon Steel & Sumitomo Metal Corp. has broken ground on a US$50 million wire rod processing plant in the state of Indiana.

Billiton Forecasts Increased Demand for Coking Coal

21 Jun 2016 - BHP Billiton Ltd. said it believes that a rise in steel production from emerging economies – India’s economy especially – will drive long-term demand growth for coking coal, reports the Bloomberg news service.

India Investment Program Expected to Generate Significant Steel Demand

16 Jun 2016 - Indian miners and steelmakers are likely to see significant new demand arising from Prime Minister Narendra Modi’s US$87 billion Make in India initiative, reports The (India) Economic Times.

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