Ports strike over as longshoremen reach tentative pact with employers
The move ends a strike at East Coast and Gulf Coast ports that began on Tuesday and that had threatened significant supply-chain disruptions.
The move ends a strike at East Coast and Gulf Coast ports that began on Tuesday and that had threatened significant supply-chain disruptions.
IIMA found that both European and U.S. manufacturing activity and oil consumption declined in 2023.
Tariffs are here to stay, according to the SMA president.
The fourth quarter may have some relief for both trade industries, with the ferrous raw materials prices usually starting to rise during the fall and winter months.
With this new acquisition, Gerdau gains more recycled source material to help meet its own growing needs.
The company uses about 85% scrap in flat-rolled steel, and more in other products.
There may be some new suppliers in the alternative iron sector which could mitigate the potential supply crunch.
Market movements and economic highlights to start your week.
USEC ferrous scrap exports have seen a modest price increase, but future growth faxes challenges from Chinese steel overproduction and billet competition in the global market.
Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.