Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
At 2019's Midpoint, the World's Crude Steel Production Is Up. Here’s How Much.
30 July 2019 - With Asia leading the way, global crude steel production rose 4.9% through the first half of 2019, according to new numbers from the World Steel Association.
ArcelorMittal Reconsiders Hot End Idling at Polish Mill
29 July 2019 - ArcelorMittal Poland said it will postpone the planned idling of the Krakow plant’s hot end as it re-evaluates its plans.
Nucor Still Bullish on 2019
20 June 2019 - Although U.S. steelmakers might not be experiencing the degree of activity that came with the 2018 boom, the steel industry’s momentum nevertheless has carried forward, and 2019 should prove to be a solid year, said Nucor chairman and chief executive John Ferriola.
Softening Demand Forces U. S. Steel to Idle Blast Furnaces
19 June 2019 - United States Steel Corporation is idling three blast furnaces — two in the U.S. ¬— on account of receding demand.
Millett: Recent Mill Investments Will Help Keep Industry Competitive
18 June 2019 - Steel Dynamics Inc. chief executive Mark Millett swatted down criticisms of the U.S. steel industry’s recent spate of capital investments, saying that revitalizing assets and implementing new technologies is critical to surviving in a global marketplace.
Jindal: Urbanization Will Generate Big Growth in Indian Steel Demand
18 June 2019 - India will need more than 300 million tons of steelmaking capacity to support a forecasted rise in steel demand over the decade, said JSW Steel chairman and managing director Sajjan Jindal.
Steel Industry Could See Uptick in Mergers
13 June 2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.
Citing Softening Demand, ArcelorMittal Furloughs Italian Workers
06 June 2019 - ArcelorMittal Italia is temporarily laying off approximately 1,400 workers amid weakening demand and heightened competition from imported steel, the company has announced.
China Iron & Steel Association Urges ‘Rational’ Output
04 June 2019 - The China Iron and Steel Association is calling for restraint as mills produce at record levels amid concerns over slowing demand, the Reuters news service reports.
ArcelorMittal Announces New Production Cuts
29 May 2019 - The world’s largest steelmaker on Wednesday announced new production curtailments in Europe, citing weak demand and competition from imports.
EUROFER: Imports, Soft Demand Forecast Pressure European Steelmakers
08 May 2019 - EU steelmakers are being squeezed as a safeguard measure has been ineffective in stopping a wave of imported steel deflected from the U.S. market, reports the European Steel Association.
Major Chinese Steelmaker Sees Slowing Demand on the Way
25 April 2019 - Baoshan Iron & Steel Co., the listed portion of China’s largest steelmaker, sees both slowing domestic demand and rising output this year, leading some to question whether mills will again ship excess production into foreign markets and flood them, according to news reports.
2019 Could Be a Milestone Year for Indian Steel Consumption
11 April 2019 - India’s domestic steel demand is expected grow more than 7% this year and is likely to cross the 100 million metric ton threshold, according to The (India) Economic Times.
Fortescue CEO Sees Chinese Steel Production Rising This Year
11 April 2019 - China’s crude steel production potentially could grow to more than 950 million metric tons this year, according to the chief executive of iron ore miner Fortescue Metals Group.
Chinese Mills Should Throttle Back Production, Industry Official Says
01 April 2019 - The chairman of the China Iron & Steel Association is calling for domestic mills to restrain production as output rises despite that the country’s economy appears to be cooling.
Nucor, SDI Annouce First-Quarter Earnings Guidance
21 March 2019 - Nucor Corp. and Steel Dynamics Inc. said they each expect that lower earnings in their sheet mill operations will impact first-quarter profits.
Joint Venture Marks Start of Construction on New Service Center
08 March 2019 - Georgia-based Pacesetter Steel Service Inc. and a subsidiary of Japan’s Nippon Steel & Sumitomo Metal Corp. have broken ground on a 130,000-square-foot service center in Houston, Texas.
North Star BlueScope Nears Decision on Major Expansion
25 February 2019 - North Star BlueScope Steel expects to make a final decision on whether to expand its Ohio sheet mill sometime in the second half of this year, but appears ready to move ahead.
Commerce Department Completes Section 232 Investigation into Foreign Auto Imports
18 February 2019 - The U.S. Department of Commerce has sent the results of its Section 232 investigation into automotive imports to President Donald Trump.
After Long Delay, Tube Maker to Begin Production at Texas Sucker Rod Plant
14 February 2019 - Tenaris said it plans to open its US$70 million sucker rod manufacturing plant in Conroe, Texas, USA, this summer.
