Steel Industry

AEM - Wed February 09, 2022

AEM Welcomes U.S. Japan Steel Agreement, Encourages Full Tariff Removal

Association of Equipment Manufacturers (AEM) senior vice president of government and industry affairs Kip Eideberg issued the following statement in response to the announcement of a U.S. – Japan steel agreement:"AEM welcomes this announcement, but the Biden administration must expeditiously remove the remaining damaging tariffs put in place by President Trump....

Business Line - Mon June 14, 2021

Overseas Company Will Build Pipe Mill in Sinton, Texas

Caparo Bull Moose subsidiary Bull Moose Tube Company has announced plans to build a 350,000 ton per year high-speed steel (HSS) and sprinkler pipe mill. The mill will be built on Steel Dynamics' new Sinton, Texas, flat-rolled campus....

Made in Alabama - Tue February 23, 2021

Construction Kicks Off on $775M Steelmaking Plant Near Mobile, Ala.

With a groundbreaking in late February, ArcelorMittal and Nippon Steel Corp. marked the official launch of a $775 million project to construct a massive new steelmaking facility at their AM/NS Calvert production site near Mobile, Ala....

Alabama Power - Thu August 27, 2020

$500M Electric Arc Furnace to Be Built in Mobile County, Alabama

A $500 million electric arc furnace at the AM/NS Calvert Mill in Mobile County, Ala., is expected to add 300 jobs and a major new capability for the former ThyssenKrupp plant. ArcelorMittal, which now operates the facility in a partnership with Nippon Steel Corp., has announced plans to add the electric arc furnace, or EAF, capable of producing 1.5 million metric tons of steel annually....

IHS Market - Wed December 26, 2018

Steel Prices Move Downward for First Time in 15 Months as Tariff Impact Decreases

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 - Wed October 17, 2018

Nucor Announces Plans to Expand Kentucky Sheet Mill

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....

AASHTO Journal - Tue July 03, 2018

Concern Over the Economic Cost of Tariffs Continues to Rise

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....

AASHTO Journal - Tue June 05, 2018

Tariffs Threaten to Push Highway Project Costs Higher

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....

The Associated Press - Thu May 31, 2018

United States to Push Steel, Aluminum Tariffs on EU, Canada, Mexico

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....

Wed April 18, 2018

Equipment Industry Calls for Permanent Tariff Exemption for Canadian Steel

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....