Tag Archives: US mills
In early May, rumors started to swirl that Severstal NA was putting its North American operations up for sale. This included two key facilities: Severstal Dearborn, an integrated mill which underwent a $740 million modernization program in 2011. Those upgrades included a new, five-stand, six-high, 72″ tandem cold mill linked to a pickle line and […]
Should the US steel industry be concerned with the effect global demand for US-produced scrap has on domestic scrap prices? As the world becomes exponentially connected with each passing year, many long-standing industries have not transitioned into the global marketplace as easily as others.
US rebar mills hold steady in the face of surging January imports Although it took quite a long time for US domestic rebar prices to catch up to the announced increase for January shipments, US mills nevertheless increased transaction prices again for February once January scrap prices posted an increase.
US domestic scrap prices retreat in February After increasing substantially in early December, scrap dealers expected prices to surge again the following month and therefore held inventories back. But when US domestic mills came into the market in early January, it was evident that scrap dealers may have held back too much inventory and availability—particularly […]
Jonathan Tulkoff, President of trading and marketing firm Uniwire International, Ltd., discusses the current situation and future prospects for the import/domestic dynamic in the US wire rod market.