Tag: Steel

April 20, 2021

Global Steel Demand Recovering in 2021

Global Steel Demand Recovering in 2021

The World Steel Assn. forecasts steel demand growing by 5.8% to 1.87 billion metric tons this year, after a slight decrease in 2020, with an automotive sector rebound among the leading factors. APR 18, 2021 The World Steel Association forecasts that global steel demand will rise 5.8% this year to 1.87 billion metric tons, thenRead More

March 29, 2021

Global Steel Output Slowing Again

Global Steel Output Slowing Again

Steel production declined about -8.8% worldwide from January to February, with notable tonnage decreases in all of the largest producer nations, but the year-over-year result showed an encouraging 4.1% rise in output. MAR 25, 2021 Global steel production fell to 150.2 million metric tons during February, about 14.8 million metric tons or -8.8% less thanRead More

July 27, 2017

U.S. Steel CEO: ‘This country has been in a trade war for decades, and it needs to end now’

United States Steel Corp. CEO David Burritt said on Wednesday that he's confident that the Trump administration will take strong action against foreign imports that have been harming the domestic steel industry. U.S. Steel (NYSE: X) and other metals manufacturers have been awaiting the results of an investigation into the potential for tariffs or quotes on foreign-madeRead More

July 26, 2017

The national security case for using tariffs to protect American steel

   © Getty Images The Trump administration is considering action under a rarely used provision of the U.S. trade laws — Section 232 of the Trade Expansion Act of 1962 — to address national security concerns related to steel and aluminum imports. Perhaps unsurprisingly, the prospect of higher tariffs on even a small share ofRead More

July 25, 2017

Nucor CEO says the US is losing a ‘trade war’ in steel to ‘predatory countries like China’

Nucor CEO says the US is losing a ‘trade war’ in steel to ‘predatory countries like China’

As Washington lawmakers wrestle over health care, Nucor CEO John Ferriola sees a much more pressing issue at hand that affects more than just his steel-producing company. "There's no doubt we're in a trade war. We are losing that trade war. It is time to take action to support the American industry and the American people. AndRead More

July 10, 2017

The steel industry is in crisis, and it’s a national security problem

The steel industry is in crisis, and it’s a national security problem

by John Adams | Jul 9, 2017, 12:01 AM    Since retiring as a brigadier general after a 30-year career in the U.S. Army, I have continued to work to find ways to strengthen America's national security. To that end, I recently prepared a report that studied supply chokepoints in the American defense industrial base. One of its conclusions:Read More

May 24, 2017

US steelmakers seeing light at end of tunnel: Nucor CEO

US steelmakers seeing light at end of tunnel: Nucor CEO

Washington (Platts)--23 May 2017 540 pm EDT/2140 GMT As steel has taken on a more prominent role in Washington in 2017, it's leading to a more positive outlook for US steel producers, according to Nucor CEO John Ferriola. "We can actually see a light at the end of the tunnel, and this time it's notRead More

March 2, 2017

Great Story about the modern American Steel Industry

Great Story about the modern American Steel Industry

Evanoff: Donald Trump, meet John Correnti — he took a risk on jobs Ted Evanoff , USA TODAY NETWORK – TennesseePublished 3:44 p.m. CT March 1, 2017 | Updated 4 hours ago Buy Photo (Photo: Mark Weber/The Commercial Appeal) 1CONNECTTWEET 1LINKEDINCOMMENTEMAILMORE You heard President Donald Trump on Tuesday night tell Congress — tell the world,Read More