Steel News

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[…]

Iron Ore Prices Slip Further

The following article appeared in the Australian Financial Review and was sent to me from a vendor. From this article it appears iron ore has been slipping and many forecast it to drop further in 2017.  Note the broad difference in price estimates from  “the professionals”.  Goldman Sachs predicts a bearish[…]

Surplus Steel Sheet Pile

We have available subject to prior sale the following: Unused Steel Sheet Pile in pairs 100 pair = 100.8 net tons PZC18 x 20 ft Weight per foot = 50.4 lbs Location near San Jose California Condition:  half epoxy coated, some rust Grade ASTM A-572 – 50 Contact us at 602-381-1006[…]

Friday Food for Thought & Predictions for the Future.

Here is a message I received from a friend with predictions for the future.  It’s not too hard to believe these could come true. I don’t know the author of this.  Maybe somebody at the Kahn Academy?  In any case enjoy and keep learning! In 1998, Kodak had 170,000 employees[…]

West Coast scrap drops further

In today’s steel business briefing there is an article which follows outlining the quick drop in scrap pricing for export to Taiwan via containers.  In short, scrap dropped about $100/mt in the past 3 weeks and is now about $180 to $190 mt loaded containers at the LA port.  Meanwhile,[…]

New Sheet Pile available

We have the following available subject to prior sale: Section: H1707 Producer: Hoesch Grade: S 355 GP Length: 12 meters Quantity: 1,500 mt Let us know where you need this tonnage delivered. Certs: MTR Ex. H1707 This is subject to prior sale.

“Export limits on steel won’t solve trade tensions”, says China

“Using anti-dumping measures to restrict Chinese steel exports will not provide a lasting solution to growing trade tensions in the sector, which is suffering from overcapacity on a global scale, China’s commerce ministry said on Wednesday. With domestic demand weakening, the Chinese steel sector has seen the foreign market as[…]