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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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Midrex to Open New Location in Dubai

10 Oct 2019 - Over the last decade, the Middle East and North Africa (MENA) region has been home to some of the largest, most technologically advanced MIDREX® plants.

Chinese Scrap Imports Fall in August – to Zero

24 Sep 2019 - China in August did something it has not done at any time in the last 19 years – it did not import any scrap steel, a sign that the world’s largest steel-producing country could soon become a net exporter of scrap, reports the Bloomberg news service.

Nucor, SDI Say Lower Steel Prices Likely to Weigh on Q3 Profits

18 Sep 2019 - Steel Dynamics Inc. and Nucor Corp. are forecasting lower third-quarter profits on account of declining steel prices.

This Building Has No Rebar. But It Has Plenty of Steel. 

10 Sep 2019 - A newly constructed 58-floor skyscraper in Seattle has been completed using a unique core wall system with no conventional rebar, reports the trade publication Concrete Products. 

Tata Steel to Close U. K. Steel Mill

03 Sep 2019 - Unable to find a buyer for its Orb Electrical Steels operation in South Wales, and unwilling to roll the dice on a substantial upgrade, Tata Steel Europe will instead close the facility, the company has announced.

Import Pressure Forces ArcelorMittal, U. S. Steel to Reduce Tinplate Output

27 Aug 2019 - Citing competition from low-cost imports, United States Steel Corporation and ArcelorMittal USA are throttling back tinplate production, reports The Times newspaper of northwest Indiana.

JSW Steel USA Halts Construction on Baytown Expansion

22 Aug 2019 - JSW Steel USA has put their expansion plans for their Baytown, Texas., USA, steel works on hold, reports S&P Global Platts.

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