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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
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Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
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Latest news
Radius expects wider Q2 loss
Radius Recycling anticipates a wider loss in its fiscal second quarter vs. the first quarter, according to preliminary results.
AISI: Raw steel output slips back down
Domestic production of raw steel moved lower last week, slipping back down after recovering the week prior, according to the most recent data from the American Iron and Steel Institute (AISI).
Eastern Metal to buy Super Stud Building Products
Eastern Metal Building Products LLC has announced the acquisition of construction products manufacturer Super Stud Building Products.
VW workers in Tennessee file petition to join UAW
Volkswagen employees at its assembly plant in Chattanooga, Tenn., have filed a petition with the National Labor Relations Board to become part of the United Auto Workers (UAW) union.
USS guides to higher Q1 profits as questions remain on Nippon deal
U.S. Steel expects higher earnings in the first quarter of this year vs. the previous quarter.
Final thoughts
Are we still looking for a bottom on sheet prices? In what direction are steel and scrap prices headed? How’s demand holding up at the moment?
Lewis on trade: To govern is to choose
Happy St. Patrick’s Day. “To govern is to choose.” Those words, reportedly first uttered by the late French Premier Pierre Mendes-France in the 1950s, resonate vividly in our time. It means that choices have consequences and that priorities must be set based on goals. Interested parties, in and out of government, raise their voices in […]
Martin on logistics: What’s driving flatbed rates
The spot rate trend in the flatbeds has seen a positive upturn. There are potential rate accelerators and decelerators, however, likely to influence spot and contract flatbed rates. The flatbed market for spot rates is showing signs of improvement as we move through the new year. February increased slightly from January, marking the third consecutive […]
US cold-rolled still more expensive than offshore product
Foreign cold-rolled coil (CR) remains significantly less expensive than domestic product even as US tags continue to decline in a hurry, according to SMU’s latest check of the market.
Active US rig count rebounds to 5-month high, Canada falls
Rig counts in the US and Canada were mixed this week, according to the latest data from Baker Hughes.
CRU: World sheet markets face downward demand-side pressure
The CRUspi fell by 8.3% month over month (m/m) in March to 206.6 as weaker-than-expected demand weighed on markets around the world. Price falls were notable across all regions, with elevated inventory levels pushing prices in the US and Europe, and disappointing stimulus measures from the Chinese government weighing on those in Asia.
March energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels.
Featured
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
wdt_ID | Product | Low | Avg | High |
---|---|---|---|---|
1 | HR | 790 | 815 | 840 |
2 | CR | 1,020 | 1,105 | 1,190 |
5 | GI | 1,040 | 1,110 | 1,180 |
6 | AZ | 1,080 | 1,130 | 1,180 |
7 | PL | 1,250 | 1,270 | 1,290 |