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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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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.

U.S. Steel to Close Tube Lines at Ohio, Texas Plants

21 Dec 2016 - United States Steel Corp. is permanently closing one of the two seamless tube mills at its Lorain, Ohio, plant and a welded tube mill at its Lone Star, Texas, plant, reports The Times newspaper of northwest Indiana.

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