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List of verified suppliers of steel distribution warehouse, cold-rolled & coated carbon flat roll steel products & aluminum metal products for the wholesale market, stainless steel, alloy steel & red metals, slitting & cut-to length services, blast mill produced high-strength steel, hot & cold-rolled steel & hot-dip coating, hot-rolled black bands, hot-rolled & cold-finished stainless & aluminum steel processing, flat rolled steel coil, steel wire, hot-rolled steel bars, hot-rolled steel supplies, hot rolled bands, cold-rolled & galvanized steel, energy & industrial sectors & precision machined components for the auto sector.
The history of the steel industry in the United States spans nearly 200 years. Production surged in the 1950s, the era of the post-World War II boom and the growing American love affair with metal-heavy cars. As the steel industry continues to evolve, some businesses have long witnessed its development. Some steel companies born in the 1800s still serve today's markets. Explore the oldest steel companies in the U.S.
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The U.S. manufacturing industry continues to shine amid favorable growth forecasts. U.S. steel production keeps climbing, and current demand is through the roof. MNI's latest data on U.S. steel coincide with these statistics as the industry anticipates further growth.
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2018 was a big year for manufacturing (you might even say it was "yuge"). As early as January, manufacturing firms were scrambling to sort through the newly-passed tax reform, and shortly thereafter the USTR announced its first tariffs on solar panels and washing machines (remember when it was just solar panels and washing machines?) Manufacturing in the U.S. continued to expand at a hectic pace, with new orders, production, and employment posting robust gains.
Raw material costs began to skyrocket as tariff action between China and the U.S. intensified and the threat of a trade war loomed. The trade gap widened and imports surged as companies rushed to procure supplies from China in advance of the 25% tariffs set to go into effect January 1st, 2019 (these were since delayed until Marc...(Full Article)
The U.S. Department of Labor Bureau of Labor and Statistics indicates that nationwide, hot-rolled steel production increased approximately 10 percent over last year. Its total economic impact is even more impressive. It accounts for more than $520 billion in economic output and nearly two million jobs, factoring in the direct (the product itself and its workers) and the indirect (products made from hot-rolled steel and ancillary jobs supported by the industry) impacts.
It's hardly surprising, considering that so many other industries and products depend on hot-rolled steel. Skyscrapers use hot-rolled steel I-beams for structural support. Stores rely on it for heavy-duty shelving and racks. Roadways use steel guardrails to prevent accidents. Every mile of railroad track depends on hot-ro...(Full Article)
On March 1, 2018, President Donald Trump announced that his administration planned to enact a 25 percent tariff on imported steel. On June 1, 2018, that tariff went into effect on steel from the European Union, Canada and Mexico. Ripples are spreading throughout the economy.
Reactions within the U.S. have varied more along regional lines than ideological ones, with optimism running high in steel-producing states. Steel manufacturers are anticipating increased prices and higher profits. On Wall Street, steel stocks jumped. U.S. manufacturers are expected to decrease purchases of foreign steel in favor of domestic products, adding further to U.S. steel companies' bottom lines.
Steel is a vital component for many industries. It comprises up to 65 percent of the weight of a car. Steel is...(Full Article)
The Trump administration's recent authorization of tariffs on steel and aluminum has produced mixed reactions in U.S. industries. Manufacturers of these metals regard the action as defending their businesses against dumping by foreign competitors. Heidi Brock, president and CEO of the Aluminum Association, praised the decision. She issued a statement declaring: "We look forward to working with the president on implementation and to creating a more level playing field."
The American Iron and Steel Institute (AISI) explained its support for the action. Thomas Gibson, president and CEO of AISI, claimed, "About one-fourth of domestic steel capacity today is not being utilized. This is being fueled by the massive excess steel capacity in the world today, which is more than eight times larger...(Full Article)
According to new data released this week by MNI, Pennsylvania lost manufacturing jobs for a fifth straight year as the state continues to face challenges on a number of fronts. This post will take a look at some major Pennsylvania industries and how they fared over the year, as well as delve into city, county and regional data. We'll also examine the general outlook for the state, and take a look at the impact some Trump Administration policies may begin to have on Pennsylvania industries like coal and steel.
MNI, compiler and publisher of the industrial information that powers IndustryNet, reports Pennsylvania industries shed 8,604 manufacturing jobs from June 2016 to June 2017, a 1.1% decline.
This represents a somewhat sharper loss that MNI recorded in Pennsylvania for the 201...(Full Article)
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