Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,682,000 net tons (NT) of steel in October 2016, including 2,225,000 net tons (NT) of finished steel (down 3.4 percent and up 4.7 percent, respectively, vs. September final data).
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of November totaled 2,862,000 net tons (NT).
Novelis published its fiscal year 2016 sustainability report, detailing significant progress toward increasing the use of recycled aluminum and minimizing the use of natural resources.
Nucor Corporation has agreed to acquire Republic Conduit, a manufacturer of steel electrical conduit in North America, from Luxembourg-based Tenaris S.A. for $335 million, or approximately six times the average of its 2015 and projected 2016 EBITDA. Republic Conduit’s annual shipment volume over this period averages approximately 146,000 tons.