Steel News

ThyssenKrupp Retiring from Steelmaking

The steel business has changed dramatically in the past 30 years. Long gone are the giants of the US Steel business from 30 years ago, Bethlehem Steel, LTV, Rouge Steel, Geneva Steel and more. When they closed, much of their equipment was disassembled and shipped to China, where it is[…]

China Iron Ore Mines only Threat to $$$$

“Australia’s most lucrative export commodity, iron ore, continues to fetch surprisingly strong prices, with big miners believing that only a ramp-up of mines within China can drive it lower. Iron ore was fetching $US92.61 per tonne over the weekend, having risen almost 2 per cent on Friday and almost 7[…]

New Worldwide Steel Trading opportunities

Steel Trading has changed dramatically since Donald Trump was elected.  Imported steel has been threatened with additional dumping suits and a potential 20% import tax.  Companies and pipelines are strongly urged to buy American Steel.  Meanwhile scrap and Iron ore prices are rising, causing domestic prices to rise, in a[…]

Steel Mills have Advocate, Wilbur Ross, Commerce Sec’y

Here is a recent article from Steel Business briefing. This choice is applauded by both Steel Mill groups and Coal Mining groups as he has experience with both. If you like what President Trump is attempting to do, build more domestic jobs and encourage growth, you should like this pick.[…]

“The Color of Rain”

A few months ago we started a book club, now called ” People of Steel” with some Christian friends in the steel business.  It is to encourage and inspire each other and communicate ideas beyond our normal steel talk.  It is more about God, Faith and inspiration. This month’s selection[…]

Bullish on Future, Giant Mining Companies Expand Exploration

Here is an article published today forecasting a bright future for Iron Ore and Steel.   After many years of slow growth, this is welcomed news.!! “After years of cutting budgets and squeezing existing mines, global mining giants are again scouting for new deposits: industry analysts say 2017 will see[…]

Used Steel Sheet Pile, Hoping to get Hammered!

It’s Friday and this lot wants to get back to work in time to get hammered into the ground. If you have a job that you can apply used sheet pile to, please contact us. We have available a large lot of used sheet pile in good condition. Sections include:[…]

Chinese Steel, the Presidential Race, Smoke & Mirrors

The article titled “Why Clinton and Trump Keep Talking About Chinese Steel” points out the very shallow depth of our political discussions with our presidential candidates.. They both say China is illegally dumping steel into the USA. What they fail to disclose, just like most topic of interest is, what[…]

Is it Unpatriotic to Import Steel?

Recent articles have ripped Donal Trump for reportedly using Chinese steel and aluminum on past building projects. As a steel trader for the past 30 plus years, I find this much ado about nothing. Fist of all, this is a free country with free trade.  We import and export steel into[…]

US HRC prices drop, downward pressure to continue

The following article from Steel Business Briefing outlines the current and continuing drop in HRC pricing.  The 4th quarter is usually a slower time for steel usage and prices are normally weaker than other quarters.  The sources used by steel mills have dropped faster than their selling prices of semifinished[…]