Treasury Secretary Steven Mnuchin Testifies regarding the administration’s position with Canada, Mexico, and China Source: WSJ 2-minute read While testifying before a Senate Appropriations subcommittee on Wednesday, Treasury Secretary Steven Mnuchin stated that U.S. negotiators are close to resolving trade disputes with two of its closest trading partners. In addition, Mnuchin said that negotiators are likely to…
Market Forecast: Global Demand expected to Rise, but U.S. market-size dips to no. 3 Source: worldsteel and AIST 2-minute read According to the World Steel Association, the global steel demand is projected to expand to 1,735 Million metric tons in 2019, an increase of 1.3% over 2018. In 2020, demand is projected to continue to rise…
Industry snapshot: shipments are on the rise while imports are down, according to AISI reports. Source: AISI 1-minute read According to a report published by the American Iron and Steel Institute (AISI), during the month of January 2019 US steel mills shipped 8,079,757 net tons of material. This represents a 3.5 percent increase from the…
As both imported and domestic steel prices continue to decline, U.S. buyers are becoming concerned with additional price drops. Source: AMM 3-minute read Despite the continuing decrease in imported steel prices, buyers in the U.S. remain hesitant to purchase in fear of additional price drops. In addition, buyers are concerned that imported steel, which is…
Industry snapshot: After a successful 2018, companies in the steel industry are looking to expand their reach through mergers and acquisitions. Source: AMM 2-minute read As businesses adjust to market conditions and restart business after the holidays, some key players in the industry have used the current economic conditions to expand and enhance their market…
1-minute read This holiday season we focused more on giving back and supporting our communities through organizations that pour their heart and soul to help those in need. As such, we’ve partnered with MANNA (Metropolitan Area Neighborhood Nutrition Alliance), a non-profit organization in Philadelphia, and prepared nearly 1,000 meals for recipients in the Philadelphia metropolitan area. Special Thanks…
Industry snapshot: Based on the Commerce Department’s recent Steel Import Monitoring and Analysis (SIMA) data, steel import permit applications decreased by 15.4% from October. Source: American Iron and Steel Institute 1-minute read According to the American Iron and Steel Institute (AISI), steel import permit applications for the month of November were approximately 2,544,000 net tons…
Industry snapshot: A recent report published by the American Iron and Steel Institute (AISI) shared Census Bureau data detailing current import numbers, compared to those of last year. Source: American Iron and Steel Institute 1-minute read A recent report published by the American Iron and Steel Institute (AISI) shared Census Bureau data detailing current import…
A company is only as successful as its ability to use its team members’ unique experiences and skills. For us at Mainline Metals, it means putting the right people at the right job, and utilizing their different experiences to build a network of support for our customers. One of these extraordinary individuals is Rob Aglow,…
As a steel distributor, Mainline Metals is uniquely positioned to address the needs of both its suppliers and customers. With the current economic development in the domestic steel market, it is important to evaluate both points of view regarding the effects of the import tariffs, and how they influence steelmakers and steel buyers alike. Source:…
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