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Domestic steel production utilization dips below 80 percent for the first time in nearly a year. 

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.

Today President Trump signed an executive order mandating greater use of U.S.-made steel and iron in federal infrastructure projects.

With the addition of several roll forming lines at its processing and distribution center in Houston, Texas, the company continues to diversify its product offerings to better serve customers. 

According to Majestic Steel's CORE Report, U.S. mills produced an estimated 1,847k tons of steel at a 79.4% utilization rate, a decrease from 1,851k tons and a 79.5% rate previously.

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. 

A report from Majestic Steel shows domestic steel is at its lowest production level since October 2018.

The current uncertainties surrounding the domestic steel market have caused a “buyers' strike,” which has pushed domestic flat-rolled steel prices to their lowest levels since Q4 2016.

After announcing plans to idle two furnaces in the U.S. and another in Europe because of weak demand, premarket numbers are up for U.S. Steel.

Unravel is a flat-rolled steel calculator that verifies steel coil and sheet specs.