Tag Archives: US steel industry
All five major transportation modes – truck, rail, pipeline, vessel and air – carried less US freight with North American Free Trade Agreement (NAFTA) partners Canada and Mexico by value in 2015 than in 2014. The total value of cross-border freight carried on all modes fell 7.2 percent from 2014 to $1.1 trillion in current […]
New orders for US manufactured goods in October, up following two consecutive monthly decreases, increased $6.8 billion or 1.5 percent to $473.9 billion, the US Census Bureau reported Thursday. This followed a 0.8 percent September decrease. Shipments, down six of the last seven months, decreased $2.5 billion or 0.5 percent to $475.2 billion. This followed […]
According to the American Iron and Steel Institute, in the week ending September 26, 2015, US domestic raw steel production was 1,735,000 net tons while the capability utilization rate was 72.6 percent. Production was 1,878,000 net tons in the week ending September 26, 2014 while the capability utilization then was 78.1 percent. The current week […]
The SteelOrbis 2015 Spring Conference & 72nd IREPAS Meeting started in Paris today, March 23, with the participation of over 300 executives, including 100 representatives from 44 steel producer companies and 40 representatives from the raw material side. In his welcome address, IREPAS chairman Kim Marti from Spanish steel producer Celsa said that the […]
When Mario Longhi took the helm of US Steel in 2013, his vision for the company—which was once the largest steel producer in the world—involved modernizing, streamlining, and most significantly, downsizing. Plant closures and layoffs have defined Longhi’s tenure, with four facility shut-downs announced this month alone. But aside from the temporary idling of two […]
It’s been a relatively quiet week within the US export scrap market, as many sellers have taken time off to celebrate the year-end holiday season. Export yards, however, have expressed confidence that transaction pricing to Turkey will firm after the first of the year. Although Turkish mills did not expect to see a firming in […]
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.