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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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Steel Industry’s Overcapacity Could Trigger Sharp Downturn, Says OECD

27 Sep 2021 - During its 90th session, the Organisation for Economic Co-operation and Development (OECD)’s Steel Committee warned of potential future downturns if the growth in steel demand slows.

Cleveland-Cliffs’ Next Big Moves: Scrap, Electrical Steel

26 Aug 2021 - Cleveland-Cliffs Inc. is preparing to enter the steel scrap business and plans to modernize its electrical steel plant in Pennsylvania, chairman and chief executive Lourenco Goncalves said on Monday.

Algoma Closes in on EAF Investment Decision

24 Aug 2021 - Integrated steelmaker Algoma Inc. is nearing a final investment decision on its proposed transition to electric steelmaking, the company’s chief executive has said.

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