The steelmaker filed for bankruptcy and is laying off 376 employees. 

This attack and subsequent production outage caused the largest, one-day, oil price surge since 1991. As of this writing, crude oil pricing is at $60.43, up 10.17 percent from Friday. This is the highest crude has been since May. 

Domestic steel production falls for the fourth consecutive week, according to a new report from Majestic Steel. 

From Dr. Ming He, Head of China Bulks, for Wood Mackenzie, “Steel demand from the property sector grew at 3.9% yoy in 2018 and has been the main contributor to the healthy growth in China’s steel market.”

Paul Nathanson, executive director for the Coalition of American Metal Manufacturers and Users, explains why the Section 232 steel tariffs were a futile effort to save domestic steel.

United Structures of America will shutter locations in Houston, Texas, and Portland, Tennessee, due to "crippling" steel tariffs. 

Current domestic flat-rolled steel pricing remains below domestic mill published pricing, signaling room for further growth.

U.S. mills produced an estimated 1,872k tons at an 80.4 percent utilization rate, according to information from Majestic Steel. This is up from 1,867k tons and an 80.2 percent rate previously.

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.

There is always a debate as to whether the time for a market bottom is now. These debates typically hinge on supply, demand, other factors. As the mills see it, the ancient proverb “there is no time like the present” sums up the situation perfectly.