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Following a strong 2018, the market for special quality bar products took a nosedive this year.
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The market for nonferrous metals has held up reasonably well, and experts are hopeful the trend continues into 2020.
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There was a bit of a reprieve in the ongoing trucker shortage in 2019. It won’t last.
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Service center executives, economists and others talk about demand, pricing challenges in the current steel market at Steel Market Update’s Steel Summit in Atlanta.
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The energy sector has slowed down in 2019, and the supply chain must work through excess inventory before a rebound can occur.
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Times have been pretty good for U.S. producers and distributors of steel plate, but there are worries the conditions may get a little softer in the back half of the year.
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Reliance Steel & Aluminumís record revenues of $11.5 billion in 2018 keeps it atop the annual survey of North Americaís largest service center companies.
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The U.S. will impose an additional 10 percent tariff on approximately $300 billion of Chinese imports, though President Donald Trump pushed back the date some of the tariffs will go into effect to December.
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Russel Metals reported net revenues of $937 million in the second quarter, a decline of 4.2 percent compared with the same quarter in 2018. First-half revenues for the Canadian service center company were up 3.1 percent to $1.97 billion.
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From demand to availability to raw materials, the stainless industry is in the middle of a relatively flat run. And only global political events are likely to reverse the trend.
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Though spending on public works has been performing better than expected, such strength won’t linger unless Congress and the president can agree on a major spending bill.
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Friedman Industries, Longview, Texas, reported net earnings of $5.1 million on sales of $187.2 million in its Fiscal Year 2019. Earnings increased 29.6 percent compared with the prior fiscal year, while sales were up 54.5 percent from the past year.
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Gains in the automotive sector have been a ‘boon’ for aluminum extruders.
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If you are mystified by today’s steel prices, you are not alone.
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From tax incentives to material changes, service centers have plenty of reasons to invest in new equipment… and they are.
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The dual effects of Section 232 tariffs and NAFTA upheaval have put the brakes on Mexico’s steel market. The country’s return hinges on an end to the trade uncertainty.
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The appliance market defied macroeconomic trends with a flat year in 2019. Will the sector continue to defy the odds this year?
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Solid end-use demand helps producers and distributors of structural tubing products navigate tricky market dynamics.
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