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Trains and flights have been cancelled with road checkpoints. As a result, land freight, especially inter-provincial transportation, has been significantly affected.
U.S. mills produced an estimated 1,923k tons at an 82.5 percent utilization rate, according to Majestic Steel. This is up from 1,898k tons and an 82.0 percent rate previously.
At the helm of Standard Tinsmith and Roofer Supply for 50 years, Joel Fishkind now prepares his century-old family sheet metal business for a fourth act.
A United Steelworker representative says about 80 to 100 of its members at Pennsylvania's NLMK Farrell steel plant were laid off because of steel tariffs.
Nucor Corporation anticipates decrease in first quarter earnings in range of $1.45 to $1.50 per diluted share compared to 2018 fourth quarter earnings of $2.07 per diluted share. The numbers marks an increase relative to first quarter 2018 earnings of $1.10 per diluted share.
Détente appears to be over, as President Donald Trump announced today that the U.S. will soon slap a 25 percent import tax on $50 billion in Chinese goods, especially technology products. Another $100 billion in tariffs is possible if China follows through on threats to retaliate.