Essar Steel Algoma lost their only operating blast furnace late last week (see Friday article in our newsletter) due to the failure Read more ...

Severstal North America published new extras on Thursday of this week. The mill has been consolidating their mills (Dearborn, Sparrows Point, Wheeling, Warren and Columbus, LA) into one sales unit. This latest move to come out with a single pricing system is a continuation of the consolidation process and change in corporate philosophy. Read more ...

The following article Read more ...

Based on preliminary import license data from the U.S. Department of Commerce, Import Administration - flat rolled steel imports for the month of August increased by 25.4%.

Imports of hot rolled, cold rolled and galvanized sheet total 248,279 metric ton (273,680 short tons) for the month of August (again these are preliminary import license numbers) compared to 185,319 metric tons (204,278 short tons) received during the month of July. Read more ...

The Wall Street Journal published an article in their September 14, 2009 edition (came out this evening online) and the writer presents a case for steel prices eroding. I have written to the author of the article with my own opinions and documents and we are involved in an email dialogue as I write this article. I think it is necessary to share some of my thoughts here as I expect the WSJ article could create confusion for those actually buying and selling steel in the marketplace. Read more ...

ArcelorMittal confirmed to Steel Market Update today (Friday) of their intention to restart the C-6 blast furnace at their Cleveland Works. According to the company spokesperson:

ArcelorMittal is restarting the C-6 blast furnace at ArcelorMittal Cleveland.

It's only Wednesday and it seems like we have already been through a full week's worth of new pricing data and associated news. As Steel Market Update has reported in our newsletter - on Tuesday the domestic (North American) steel market absorbed a number of body blows from the domestic steel mills. Read more ...

U.S. Steel has finally come out with their November and December 2009 flat rolled steel base prices. The mill began informing their customers this morning (Tuesday, September 8) of their intention to increase prices as follows: Read more ...

Almost every domestic steel mill Read more ...

In a letter to their customers dated September 2, 2009 (today) - Nucor announced a flat rolled price increase effective with orders acknowledged to ship the week ending October 24th. Read more ...

Steel Dynamics and AK Steel came out this week with new rounds Read more ...