The first week of July was anticipated to be a quiet one in terms of activity in the US steel market given the mid-week Independence Day holiday, making Severstal North America’s price increase letter on Monday, July 2, that much more of a surprise.
Tag Archives: Nucor
Customer sues Nucor-Yamato for unfair pricing Reply
On June 22, J.D. Fields & Co. Inc., a distributor of pipe and steel piling products, filed a $40 million lawsuit against its steel piling supplier Nucor-Yamato, a subsidiary of Charlotte, North Carolina-based Nucor Corporation. In the suit, J.D. Fields claims Nucor-Yamato consistently gave Skyline Steel lower prices, giving the company an unfair competitive edge. Interestingly, Skyline Steel was a subsidiary of ArcelorMittal, but was recently acquired by Nucor Corporation earlier this month. The acquisition closed just one day before J.D. Fields filed the suit. More…
Traders at IREPAS: Trade is becoming more regionalized Reply
Michael Setterdahl from Nucor, the chairman of the traders’ committee, stated that traders are now increasingly seeing more regionalization in trade. More…
