According to recent reports, steel demand has dropped 44% causing a bullwhip effect. Meanwhile, automotive restart is looming. Source: Various 2-minute read As a result of the COVID-19 pandemic and the nationwide lock-down, the demand for steel dropped 44% since early February. Domestically, Workplace and public restrictions are limiting activities in the construction, automotive, and…
Import permits show a 10% decrease year over year, according to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Census Bureau data, the U.S. imported 3,135,000 net tons (NT) of steel during January 2020, down 9.9% from January 2019. Finished steel imports for the month stand at 1,633,000 NT, representing a 33.4% decrease…
Source: Metal Center News Many of today’s service center companies began as secondary steel houses, taking material the mills couldn’t sell as prime and finding another use for it. But that pathway is closing, as the current non-prime steel market is a smaller segment that bears little resemblance to the days of old. There remains,…
Import Permits Increase At End of 2019, According to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Commerce Department data, the U.S. steel import applications for the month of December 2019 totaled 2,308,000 net tons (NT). This is 12.3% more tons than the 2,055,000 recorded in November, as well as 47.8% more than…
Import Permits Continue to Decrease, According to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Commerce Department data, the U.S. steel import applications totaled 1,864,000 net tons (NT) for November 2019. This is 28.1% fewer tons than the 2,594,000 recorded in October. Import data for finished steel in November was 1,201,000, which is…
1-minute read Having been a family business for over 30 years and adhering to our values of Family and being A Connection That Counts, Mainline Metals continues to support our community and families in need. This year, we’ve continued our partnership with the Philadelphia Managing Director’s Office, and donated various pies to families across the…
U.S. Census Bureau releases its report on steel imports for October 2019 Source: AISI 1-minute read According to U.S. Census Bureau data, the U.S. imported 2,560,000 net tons (NT) of steel in October 2019, of which 1,519,000 NT are finished steel. This represents an increase of 34.6% and a decrease of 0.9%, respectively, compared to September…
Sixteen steel-industry associations release another statement commending global forum’s commitment to working to solve issue of steel excess capacity. Source: AISI 2-minute read Following a statement made by steel-industry organizations last week, sixteen steel-industry associations around the world released a statement praising an agreement by the Global Forum on Steel Excess Capacity (GFSEC) which looks…
The Organization for Economic Cooperation and Development acts as an advocate for the steel industry’s stakeholders. With current conditions requiring action from governments, understanding the OECD’s significance on the industry is highly valuable. Source: OECD 3-minute read Last week, several groups in the steel industry released a statement urging the Organization for Economic Cooperation and…
Nineteen steel-industry organizations released a statement calling to increase efforts to resolve the current global excess capacity in the steel sector. Source: AISI 2-minute read Earlier this week, nineteen steel-industry organizations from the Americas, Asia, Africa and Europe released a statement today calling for the governments of steelmaking economies to increase their efforts to resolve…
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