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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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U.S. Manufacturers Benefiting From Factory Construction

08 May 2023 - Inflation and rising interest rates are top of mind for many businesses, but U.S. steel producers and other manufacturers have another concern — just keeping up with orders.  

Forecast: Global Steel Demand to Rise 2.3% in 2023 

19 Apr 2023 - The World Steel Association (worldsteel) has revised up is bi-annual demand outlook, saying that global demand is expected to reach 2.3% this year. 

Borusan Mannesmann Looks to Expand OCTG Market Share Through U.S. Acquisition

13 Apr 2023 - U.S. large-diameter line pipe maker Berg Pipe has been sold to Turkey’s Borusan Mannesmann for US$162 million, according to an announcement Thursday. 

Survey: North American Steel Demand Expected to See Modest Gains

12 Apr 2023 - Steel industry senior executives believe demand will increase modestly over the next three to five years, inflation to moderate, and imports volumes to remain more or less the same, according to an annual survey conducted by corporate finance and strategic advisory firm Headwall Partners. 

EVRAZ North America Announces H2 Line Pipe Qualification 

11 Apr 2023 - EVRAZ North America (ENA) has received qualification for a high-strength, high-frequency welded (HFW) line pipe designed for hydrogen transmission, the company has announced. 

New CMC Micro-Mill Nears Start of Commissioning 

06 Apr 2023 - Commercial Metals Company (CMC) is set to begin commissioning its new Arizona micro-mill later this spring and anticipates receiving a key environmental permit for its planned West Virginia mill in the coming months, according to chief executive Barbara R. Smith. 

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