Many flat rolled steel users are concerned about over-capacity due to the restarts of various blast furnaces in North America. Steel Market Update put together a listing of the what has come up and is scheduled to come up through early summer 2010 Read more ...

Another steel related newsletter suggested it was “normal” for collection of spot steel price increases to lag due to competitive pressures or resistance by end users. While SMU concedes some lag in spot price increases can vary from market to market - from our perspective those interested in flat rolled steel pricing trends have to look a little deeper as we try to evaluate the ability of today’s market to sustain upward price momentum and allow the domestic steel mills to continue to pass through price increases month after month Read more ...

The U.S. Steel Lake Erie Works blast furnace and other steelmaking facilities will be restarting during the 2nd Quarter 2010 according to comments made by the company during their earnings conference call with steel analysts on Tuesday. The Lake Erie plant has the ability to make 2,400,000 short tons of raw steel per year or, about 6,600 tons of melt per day Read more ...

Severstal NA has entered into an agreement with Aurora Resurgence out of California for 4 of the Northern Steel Group's service center assets Read more ...

Steel Market Update indexes hot rolled, cold rolled, galvanized and Galvalume steel coils on a weekly basis. Today we want to spend a little time explaining the nuances to steel mill pricing Read more ...

Reliance Steel & Aluminum - one of the largest, if not the largest steel service center group in North America reported their 1st Quarter earnings on Thursday of this week. During their conference call they expressed confidence in their ability to "pass through" all of the price increases announced so far this year Read more ...

CHARLOTTE, N.C., April 22 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE:NUE) announced today consolidated net earnings of $31.0 million, or $0.10 per Read more ...

The Metal Service Center Institute (MSCI) released their Metals Activity Report on Monday morning. When reviewing the total steel market (all products) shipments improved by 17.2% as U.S. service centers shipped 3,210,400 tons for the month of March. In February service centers in the United States shipped 2,661,000 tons Read more ...

Purchasing Magazine and their online presence Purchasing.com ceased operations today (Friday, April 16, 2010) as their parent company - Reed Elsevier - divested themselves of most of their U.S. publications. Over the years we at Steel Market Update have had a great deal of respect for Paul Teague the magazine's editor-and-chief as well as Tom Stundza who followed the steel business for Purchasing Read more ...

We will call it a little friendly competition amongst west coast mills…a couple of months ago California Steel (CSI) announced a relatively minor price increase only to have U.S. Steel/Posco (UPI) roll prices (go to market with no new increases) thus forcing CSI to roll-back their increase. Since then the two mills did go to market in May with a $40 per ton price increase compared to April’s pricing (we are talking about their order book for April and May) Read more ...

The United Steel Workers Local 8782 reported this evening (Thursday) the results of the union vote to accept or defeat the tentative contract with U.S. Steel at the Lake Erie Works (Canada). The union ratified the contract with 88.5% of those participating casting their votes to ratify the contract Read more ...

Steel Market Update sources on the west coast of the United States have advised us USS/Posco also known as UPI has come out with a $100 per ton price increase on all flat rolled steel products for the month of June production Read more ...

Roll Coater and the Material Sciences Corporation (MSC) have announced the acquisition of the assets of the MSC plant #7 by Roll Coater. The equipment included is their #18 coil coating line, a slitter and embosser Read more ...

Severstal North America (NA) has just informed their North American flat rolled steel non-contract (spot) customers of their intention to increase prices Read more ...

A Steel Market Update analysis of the six most recent AK Steel flat rolled steel price announcements and how they relate to scrap price movements. We use the Steel Market Update hot rolled steel index for our comparion Read more ...

As way predicted by Steel Market Update over the past couple of weeks - AK Steel announced late today of their intention to raise flat rolled steel prices by $40 per ton affective immediately on any new orders. The $2.00/cwt price increase is on all new hot rolled, cold rolled, galvanized and aluminized orders Read more ...

There is a tremendous amount of interest in the steel community as to how the recent annoucements of quarterly iron ore pricing will impact steel prices here in North America as well as around the world Read more ...