Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Indian Steel Ministry Asks Producers to Consider Iranian Investments
22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.
Four Appointed to LME's Steel Committee
22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.
SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring
21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.
Report: EU To Set Minimum Price On GOES Imports
21 September 2015 - The European Union is preparing to set a minimum price on imports of a specialized steel from five countries, including the United States, according to Reuters.
More Layoffs Underway at U. S. Steel Corp.
18 September 2015 - United States Steel Corporation is laying off employees at its Pittsburgh, Pa., USA, headquarters, the Pittsburgh Business Times newspaper reported.
Institute: American Steel Exports Down in July
18 September 2015 - American-made steel exports fell by 8.1 percent in July, ending two straight months of increases, according to the American Institute for International Steel.
Unions: Lack of Support Threatens U.K Steel Industry
16 September 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.
ArcelorMittal Fulfills Order for New Grade of Sheet Piling
14 September 2015 - ArcelorMittal has delivered 3,200 metric tons of a new steel to a Scottish seaport project, its largest shipment yet, the company has announced.
China Records August Increase in Crude Steel Output
14 September 2015 - Despite government-mandated mill shutdowns, China’s crude steel production grew in August, rising 1.7 percent from the previous month, reports BloombergBusiness.
Iron Ore Miner Reaffirms Estimate of 1B Tons of Chinese Steel Production
03 September 2015 - Chinese steel demand has slowed, but one of the world’s largest iron ore exporters is sticking with projections that the country’s demand will grow to 1 billion tons in the next 15 years.
IPSCO Halts Production at Iowa OCTG Mill
02 September 2015 - Oil country tubular goods producer TMK IPSCO is idling a casing and line pipe facility in Camanche, Iowa, USA, laying off 43.
ArcelorMittal South Africa To Close Facilities, Lay Off 400
31 August 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 August 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 August 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 August 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 August 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 August 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 August 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 August 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 August 2015 - ArcelorMittal has formally closed its Georgetown, S.C., wire rod mill, bringing to a close 46 years of steel production at the site.
