Construction costs increase continued to slow in December, according to IHS Markit and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 53.0 this month, the lowest index figure for 2018.
Nucor Corporation's Board of Directors approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, the company's flat-rolled sheet steel mill located in Ghent, Ky.
This investment will increase the production capability from 1,600,000 tons to approximately 3,000,000 tons annually and will increase the maximum coil width to approximately 73 in.
The economic impact of Trump administration tariffs imposed on a number of goods, but especially steel and aluminum, continues to generate growing concern – especially regarding the cost of infrastructure projects.
The American Institute for International Steel, for example, noted that U.S.
The Trump administration's long-threatened imposition of tariffs on steel and aluminum imported from Canada, Mexico and the European Union went into effect at midnight on May 31 – a move that is hiking construction costs for state departments of transportation across the country, especially for steel-intensive bridge projects, while also potentially forcing a redirection of funds away from future endeavors.
WASHINGTON -- The Trump administration announced May 31, it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada after failing to win concessions from the American allies. The decision could provoke retaliatory penalties and exacerbate trans-Atlantic and North American trade tensions.
Two leading international trade associations joined forces to urge the Trump administration to permanently exempt Canada from steel tariffs and modernize the North American Free Trade Agreement (NAFTA) without scrapping the accord entirely.
In a letter to President Donald J.
BEIJING (AP) — China's steel mills, a target of President Donald Trump's ire, are the industry's 800-lb. gorilla: They supply half of the world's output, so their every move has a global impact.
The steel industry swelled over the past decade to support a history-making Chinese construction boom.
A new method of building steel-framed skyscrapers is coming into play. The sandwich system consists of two steel plates that have been filled with concrete, the Engineering News-Record reported. According to engineers testing out the new method, the structure allows for the same strength, safety and serviceability as a typical reinforced concrete core would, but without the challenges rebar brings with it.
ALBANY, N.Y. (AP) - New York may soon require state construction projects to use American steel. Gov. Andrew Cuomo and legislative leaders announced a deal Tuesday that would require agencies to buy American-made iron and steel for projects like bridges, subways and new state buildings.
In recognition for his service to the steel construction industry, the Steel Erectors Association of America (SEAA) has named Charlie Johnson the recipient of the William Davis Service Award. The association's highest honor, it is given in memory of William Davis, who held board and committee positions with SEAA in the 1980s and 1990s.
More than 53 per cent of the steel industry has reported an incidence of, what is believed to be, counterfeit steel products at some point in day-to-day operations, according to a study commissioned by the Steel Alliance against Counterfeiting (SAAC).