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There is always a debate as to whether the time for a market bottom is now. These debates typically hinge on supply, demand, other factors. As the mills see it, the ancient proverb “there is no time like the present” sums up the situation perfectly. 

A report from Majestic Steel shows domestic steel is at its lowest production level since October 2018.

The current uncertainties surrounding the domestic steel market have caused a “buyers' strike,” which has pushed domestic flat-rolled steel prices to their lowest levels since Q4 2016.

After announcing plans to idle two furnaces in the U.S. and another in Europe because of weak demand, premarket numbers are up for U.S. Steel.

Unravel is a flat-rolled steel calculator that verifies steel coil and sheet specs. 

After countless comments, long letters and endless emails, we are finally doing it: This month, SNIPS is launching a new steel report section on SNIPSmag.com that is solely dedicated to our coverage of the steel market.   

The Coalition of American Metal Manufacturers and Users (CAMMU), issues a statement on the one year anniversary of the full implementation of the Section 232 tariffs on steel and aluminum imports.

The New York Times reports that the Trump administration considered tariffs on Australia last week as a response to a surge of Australian aluminum in the U.S. market. 

Despite the sharp decline in scrap pricing over the last two months, raw material pricing, as a whole, remains relatively firm.

Steel is the infrastructure of the duct fabrication industry, which is why it makes sense for us to keep an eagle eye on all the factors that influence its price and availability to duct manufacturers. Enter our new steel report section on SNIPSmag.com.