Branching out. Industry sources say ArcelorMittal may be planning to expand its marketing operations in structural steel, a move that could cast doubt on relations with its service center customers.
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.
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.
| Natural gas | -5.34% |
| Ferrochrome | -1.80% |
| Lead | -0.93% |
| Gold | -0.76% |
| Copper | -0.66% |
| Zinc | -0.60% |
| Platinum | -0.35% |
| Aluminum | +0.34% |
| Nickel | +0.43% |
| Tin | +0.77% |
A deep and lingering recession has wrung risk-taking and overbuying out of the metals supply chain. Inventories are lean, consumers are wary and the body blow delivered by the downturn has prompted mills, distributors and OEMs to embrace a ‘new normal.’
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