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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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Rising Demand Prompts NLMK to Reactivate Hot-Dipped Galvanizing Line

06 Feb 2017 - NLMK’s U.S. division has restarted the No. 2 galvanizing line at its Sharon Coating plant in Pennsylvania, the steelmaker announced on Monday.  

SMA: There's Reason to be Cautiously Optimistic About the Domestic Steel Industry

27 Jan 2017 - Representatives of the Steel Manufacturers Association said the industry is “cautiously optimistic” about its prospects under the Trump administration.  

Great Lakes Iron Ore Shipments Increased in 2016

17 Jan 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site. 

U.S. Crude Steel Production Expected to Rise in 2017

28 Dec 2016 - U.S. crude steel production is expected to rise by around 4.4% in 2017, reports the (London) Financial Times newspaper.

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