On Monday morning Steel Market Update (SMU) learned Nucor has been verbally informing their customers of their intention to raise Read more ...

Steel Market Update reviewed the U.S. import statistics in depth and found hot rolled, cold rolled and galvanized imports increased for the month of July while Galvalume imports declined Read more ...

A discussion of how flat rolled steel and other steel prices are increased in the market and what is more important: cost push or demand pull Read more ...

Steel Market Update (SMU) conducted our second steel market survey for the month of August this past week. The survey began on Monday, August 16th and concluded on Thursday, August 19th. SMU invited 736 companies to participate in our survey. The two largest groups invited were end-users (manufacturing companies) and service centers Read more ...

Respondents to this past week’s Steel Market Update (SMU) market survey believe the price increases announced by the domestic mills on hot rolled, cold rolled, galvanized and Galvalume steels beginning on August 2nd “will stick for the month of September.” Seventy-two percent (72%) of our survey respondents agree the increases will stick with only twenty-eight percent (28%) in disagreement Read more ...

A large U.S. based flat rolled steel service center discusses the latest Metal Service Center Institute (MSCI) data and what we are finding at Steel Market Update in our survey of flat rolled steel buyers Read more ...

They were cheering in the halls of Congress when “news” broke on Thursday regarding what was reported as the end of the Angang (Anshan Steel) investment in the Steel Development Company (SDCO) steel mill Read more ...

According to a Reuters news report from earlier this morning, Anshan Steel (Angang) reported their “state-owned parent has put its plan to invest in a U.S. steel plant on hold after facing opposition from U.S. lawmakers Read more ...

The Metal Service Center Institute (MSCI) reported inventory and shipment levels for the month of July. Both carbon flat rolled inventories and total steel inventories (all products) rose to 2.6 months on an unadjusted basis. The monthly shipment levels declined for both market categories as well Read more ...

A Bloomberg article out of Russia is reporting any sale of Seversal NA assets as being unlikely to happen "any time soon." The mills being mentioned as being for sale are Sparrows Point, Warren and Wheeling Read more ...

Steel Market Update (SMU) has been in constant contact with flat rolled steel buyers around the country discussing the latest domestic steel mill offers for September on hot roll, cold roll, galvanized and Galvalume steels Read more ...

The “rumor” about Severstal NA putting some of their North American steel mill assets up for sale is being widely reported as fact both here in the U.S. as well as in Europe, South America and elsewhere Read more ...

Flat rolled steel prices are going higher. Steel Market Update forecast the change in Momentum on July 30 when we moved our Price Momentum indicator from "lower" to "neutral." Now we have clear evidence prices are beginning to rise and we have adjusted the arrow on our Home Page to indicate the direction as being "Higher Read more ...

U.S. Steel/Posco (UPI) became the first west coast mill to publically increase their cold rolled and galavnized prices. On Friday, Craig Peterson, Vice President Commercial for the mill sent out a letter to their customers advising them of their new pricing Read more ...

Approximately one month ago the Steel Development Corporation announced their intention to take on Anshan Steel out of China as a minority partner in a rebar mill to be built in Mississippi and potentially up to four other mills including a flat rolled steel mill Read more ...

U.S. Steel has broken their silence and put into writing what many were wondering. In a letter from RY Kopf, General Manager of Flat Rolled Product Marketing to U.S. Steel’s General Managers of Sales, the mill broke their silence and advised spot prices on all flat rolled steel products would increase by $40 per ton – effective immediately. As you can see from the text of the memo below, USS also intends to capture all published extras as stated on the mill’s corporate website Read more ...

Olympic Steel, in their conference call with steel analysts earlier this week, reported their belief the domestic flat rolled steel prices (hot roll, cold roll, galvanized & Galvalume) will be collected by the steel mills Read more ...

Nucor Steel, in a letter to their customers this evening, advised them of Read more ...

This morning Jim Banker, Executive Vice President Commercial for the Corporate Services Group which includes Duferco Farrell, NLMK-Indiana and Sharon Coatings, came out with an across the board “minimum” base price increase of $30 per ton ($1.50/cwt) on spot sales of hot roll, cold roll and galvanized Read more ...

AK Steel has announced a $40 per ton ($2.00/cwt) price increase on all flat rolled steel spot sales (will not impact contract customers) effective immediately. This covers all spot sales of hot rolled, cold rolled and galvanized produced by the mill Read more ...

Severstal North America (NA) is the first to increase prices on flat rolled steel products. All products were affected: hot rolled, cold rolled, galvanized, Galvalume and electro galvanized Read more ...

It went down to the wire and ultimately the contract agreed to came out of a mediator’s proposal as the best option for both Essar Steel Algoma and Local 2724 which represents the mill’s supervisory and technical staff Read more ...