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Economy & Markets

The latest headlines on the state of the economy and markets driving the supply and demand of steel.

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ArcelorMittal South Africa To Close Facilities, Lay Off 400

31 Aug 2015 - ArcelorMittal South Africa is planning to close parts of one steel works and has begun studying whether to restructure another, the company said in a statement.

EU Imposes Duties on Steel From China, Taiwan

28 Aug 2015 - The European Union officially has slapped a 25.3 percent anti-dumping duty on Chinese stainless steel cold rolled flat products, Eurofer, The European Steel Association, has announced.

South Africa Introduces Tariff on Imported Steel, But With Conditions

28 Aug 2015 - South Africa's trade and industry minister has approved a 10-percent protective tariff on certain steel products, looking to shield domestic steelmakers from Chinese imports.

South Africa Expected To Impose Steel Tariffs

25 Aug 2015 - Heeding calls from labor groups and its steel industry, South Africa is planning to impose a 10-percent tariff on steel imports, according to Reuters.

Steelmakers, Toyota Agree To Lower Sheet Prices

20 Aug 2015 - Major steelmakers that supply Toyota Motor Corp. have agreed to cut sheet steel prices on account of lower coal and iron prices.

MSCI: July Steel Shipments Fall, Inventories Rise

18 Aug 2015 - U.S. and Canadian steel shipments declined 7 percent in July, dropping to 3.44 million tons, according to the Metals Service Center Institute.

Institute: Recent Trade Cases Could Have Broader Impacts on U.S. Economy

17 Aug 2015 - The American Institute for International Steel is weighing in with a few thoughts regarding the spate of trade cased filed by U.S. producers, saying the cases come with a few pitfalls that merit consideration.

With Contract Deadline Looming, Steelworkers Plan A Week of Rallies

17 Aug 2015 - Members of the United Steelworkers union are planning a week of rallies at U.S. Steel Corp. and ArcelorMittal facilities as it tries to negotiate a new labor deal with the companies by Sept. 1.

ArcelorMittal Finalizes South Carolina Rod Mill Closure

14 Aug 2015 - ArcelorMittal has formally closed its Georgetown, S.C., wire rod mill, bringing to a close 46 years of steel production at the site.

Devalued Yuan Leads China Steel Producers To Cut Prices

14 Aug 2015 - With China having devalued its currency earlier this week, steelmakers there are already moving to reduce export prices, according to a Reuters report.

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