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1 week ago | 
steelmarketupdate.com | Michael Cowden
Bilstein Cold Rolled Steel makes cold-rolled steel strip for a range of applications – everything from automotive and construction products to tools. It’s a subsidiary of Hagen, Germany-based Bilstein Group, a family company established in 1911. Bilstein Cold Rolled began production from a new plant Bowling Green, Ky., in 2017. Wilson joined the company in 2019 and advanced to COO before becoming CEO.
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1 week ago | 
steelmarketupdate.com | Michael Cowden
It wasn’t a big drop, just $10/st. That’s mostly what we’ve seen over the last month – a steady erosion in prices. But that modest week-to-week change in price understates a huge swing in expectations. Rewind just a month ago. The high end of our HR range was at $1,000/st. There was chatter about HR prices potentially going as high as $1,100/st. That wasn’t crazy talk. Lead times were stretching out. Mills weren’t willing to give an inch on prices.
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1 week ago | 
thefabricator.com | Michael Cowden
The tariff roller coaster continues. Where it stops, I don’t pretend to know. Does the steel market like the ride? That depends on who you ask and when. As best as I can tell, a fair amount of support for Section 232 tariffs extended further downstream. Those tariffs benefited U.S. mills in a significant way in 2018. And to companies further downstream, it seemed only fair that they received some of the benefits their mill suppliers had seen.
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2 weeks ago | 
steelmarketupdate.com | Michael Cowden
But sentiment around “tariffs” seems to have fallen over the past two weeks as they have become shorthand not for Section 232 but for “Liberation Day” and its “reciprocal” tariffs. We’ve even got some numbers to support that. Before I dig into those figures, I want to be clear that SMU is not exactly a hotbed of anti-Trump activists. At Steel Summit in August, 63% of those who participated in a snap poll said Trump would win the White House.
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2 weeks ago | 
steelmarketupdate.com | Michael Cowden
Let’s just say the impact of the latest tariffs on the domestic steel market is uncertain at best. Or as one service center source said, it’s feeling “spooky.”Sheet and plate prices ticked lower. Scrap prices are expected to settle lower. And many of you tell me you’re buying only as needed until you have a better idea of the tariffs’ impact. More companies on the sidelines means it could be tougher for mills to fill order books.
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2 weeks ago | 
steelmarketupdate.com | Michael Cowden
Certain countries and mills were hammered while others were largely spared. Brazilian steelmaker CSN, for example, received a preliminary rate of 137.76%. Some Turkish mills – including Boreclik and ArcelorMittal Celik Ticaret – received no dumping margin at all. There were wide variations among producers even within the same country. In Brazil, for example, Usiminas, received a comparatively modest rate of 31.53%. Meanwhile, in Canada, ArcelorMittal Dofasco received a rate of 2.31%.
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2 weeks ago | 
steelmarketupdate.com | Michael Cowden
Certain countries and mills were hammered while others were largely spared. Brazilian steelmaker CSN, for example, received a preliminary rate of 137.76%. Some Turkish mills – including Boreclik and ArcelorMittal Celik Ticaret – received no dumping margin at all. There were wide variations among producers even within the same country. In Brazil, for example, Usiminas, received a comparatively modest rate of 31.53%.
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3 weeks ago | 
steelmarketupdate.com | Michael Cowden
A service will be held on Sunday, April 6, at the D.O. McComb & Sons Funeral Homes – Covington Knolls, Ill., according to Rifkin’s obituary. Rifkin founded scrap recycler MetalX in 2012 with his son Neal. MetalX was acquired in in 2021 by Australia’s BlueScope Steel for $240 million. The move came as steelmakers looked to secure sources of valuable prime scrap. Rifkin started his career with OmniSource, one of the largest recyclers in the US, where he rose to become president and CEO.
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3 weeks ago | 
steelmarketupdate.com | Michael Cowden
The department also found that critical circumstances did not apply to CORE from UAE producers Al-Ghurair Iron & Steel LLC and United Iron & Steel Company LLC. The details of the Commerce Department’s decision were published in the Federal Register. You can find them here. US mills and the United Steelworkers (USW) union in February alleged critical circumstances existed when it came to CORE from the UAE and South Africa.
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3 weeks ago | 
steelmarketupdate.com | Brett Linton |Michael Cowden
SMU’s hot-rolled coil price fell to $915 per short ton (st) on average, down $30/st from last week and down $35/st from a year-to-date peak of $950 ton in mid-March. The lower end or our range ($860/st) reflects bigger deals as well as lower prices from new capacity that continues to ramp up. The higher end represents smaller spot deals. No very large deals (10,000 tons or more) were reported this week.
