Kristen DiLandro
Contributing Writer at The Aquarian Weekly
Contributing Writer at Apartment Therapy
North American Steel Flats Reporter at Kallanish
Writer, MFA SCAD Music Writing @aquarianweekly Steel Writing @kallanish +More https://t.co/ZuasuoGyhp WIP: Motherload(ed)
Articles
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2 days ago |
steelmarketupdate.com | Kristen DiLandro
The co-owner of a fabrication shop based in the Pacific Northwest said that after “Liberation Day,” the company began including a five-day-only clause in its job quotes. The fabricator buys primarily hot- and cold-rolled coils for its projects. “The price changes more often now, so we include a note in customer quotes that only guarantees the quoted price for five days. That’s all my distributor can give me,” said the shop owner. The same owner noted, “I am a little nervous.
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4 days ago |
steelmarketupdate.com | Kristen DiLandro
The operator of a Midwestern steel service center says that recent tariff announcements have no bearing on prices, as there is simply no demand. “There is no demand right now, so what does it matter if the tariff is 50% or 200%? There is plenty of capacity domestically and until the steel economy increases, pricing will continue to fall,” the source said. “Also, the tariffs change from week to week, so who knows if these will stick at 50% or at all,” the service center source added.
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5 days ago |
steelmarketupdate.com | Kristen DiLandro
A reading higher than 50% indicates the manufacturing economy is growing, while a reading lower than that signifies contraction. Overall, the US economy expanded for the 61st month since its last contraction in April 2020.
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5 days ago |
steelmarketupdate.com | Kristen DiLandro
Previously, the weighted average dumping margin assigned to Hyundai was 15.75%. Nexteel had been assigned a rate of 9.89%, and all others rates were 12.82%.
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1 week ago |
steelmarketupdate.com | Kristen DiLandro
In May, the fall in new orders clipped the index by 6.0 points, bringing the figure 13.0 points below March’s high for the year. Production sank the index below the 12-month average for the first time since January. Order backlogs plunged 8.5 points to the same rate as November, pushing to the lowest reading since May 2024. When asked whether economic uncertainty would delay capital investments, 48% of respondents stated they would not delay capital investment plans.
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