FAQ: Steel Rose?
I have a handmade steel rose that I am gonna give to a certain female. Do you think that it will be a good gift? Or a weird one?
A: It's good unless she goes to smell it and it doesn't smell like a rose. Or if the razor sharp steel edges cut her nose when she tries to smell it.
PS: Tell her not to attempt to smell it.
PSS: Just buy real roses you fool!
US Steel Imports Surge, Driven By Price Differentials
Steel imports are expected to hit 3.2 million tons in January, up 23 percent from a year ago, as price differences between U.S. and Chinese steel rose to $159 per ton. At this time last year, U.S. steel cost $19 less than Chinese steel, according to market analysis firm CRU Group.
“It’s the largest first-quarter import order I’ve seen in the last five years,” one unnamed steel trader told the Wall Street Journal. That trader brokers steel purchases between U.S. buyers and foreign sellers.
The surge in imports could impact confidence in major U.S. steel producers like United States Steel Corp. (NYSE:X), AK Steel Holding Corp. (NYSE:AKS) and ArcelorMittal USA Inc., which all report earnings within the next two weeks.
Price-wise, the average U.S. price for a benchmark hot-rolled coil is $676, up 10 percent from a year ago. That compares with the Chinese benchmark price of $540 a ton. Even with shipping costs factored in, foreign steel can end up being 10 percent cheaper, according to Midland Steel Warehouse Corp.’s Howard Allen.
ArcelorMittal: Building the workforce of tomorrow
- Home . . Oct 31, 2014 | 05:34 PM | Rey Mashayekhi. To access AMM's full content, please log in below. If you do not have an AMM account, we
- America's steel industry has evolved significantly over time. The skills, training and education required to create quality steel products are more advanced and the need for innovation is more critical. In addition to building a diverse employee
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