CNN is reporting steel stocks may be bubbling-up in price.

A group of over 300 businesses manufacturing in the U.S. sent a letter to President Joe Biden today requesting the immediate termination of the Section 232 steel and aluminum tariffs that were initiated three years ago under the Trump administration.  

A new report from Majestic Steel shows a rise in global and domestic steel.

In the Northeast region, steel making climbed from 111k tons to 123k tons. Year-to-date production is now 17.9 percent below the same time frame from last year.

The Coalition of American Metal Manufacturers and Users (CAMMU) issued the following statement against enacting the Section 232 tariffs against Canada.

March brought the COVID-19 pandemic and the resulting economic shutdown in almost every state created an entirely new world for manufacturers.

Bank of America is forecasting a slow recovery from the coronavirus crisis, one that will take years not just months. 

A new steel market update from Majestic Steel sees more steel mills idling furnaces as a result of decreased demand. 

With a mission to “give the customer what they need when they need it,” Dennis Leebow opened Majestic Steel USA’s operations in 1979. Now the company's next generation, represented by his son and current CEO Todd Leebow, plans an expansion. 

"We are not yet looking at a glut of seaborne iron ore. But risks are escalating, and the balance is tilting towards a bigger hit to iron ore demand than supply."