The possible expansion of ArcelorMittal’s structural steel marketing presence in the United States raises questions about its future relations with its domestic service center customers and at least one U.S. mill supplier.
Special bar quality (SBQ) product prices are slated to rise as much as $40 per ton in May as three producers hike base prices, a move supported by increasing demand, limited availability and higher raw material costs, including ferrous scrap and alloys, market sources said.
The foundation is not even poured and Essar Steel Minnesota LLC is already planning to increase the size of its taconite pellet line as well as mine iron ore at an accelerated pace.
A driver was killed when he was struck by a steel coil being loaded onto his truck at Steel Technologies Inc.’s Murfreesboro, Tenn., processing facility.
New legislation has been introduced in Congress that aims to secure a U.S. rare earths supply chain and level the playing field for domestic producers of the products, used in critical technology applications.