On Thursday morning, Sophia Fain (our newest employee) and John Packard visited ThyssenKrupp Steel USA in Calvert, Alabama just north of Mobile. Read more ...

U.S. Steel has decided it is time to act and break the stalemate between the union representing the workers at their Hamilton Works and USS Canada Read more ...

In 2004, Nucor purchased the assets of a company called American Iron Reduction, a 1.4 million tons per year DRI (direct reduction iron) plant located in Convert, Louisiana. The AIR plant, which began operations in 1998, was shut down in 1999 due to high gas prices in Louisiana. After being purchased by Nucor, the plant was dismantled and move to the island country of Trinidad where it was expanded to its current 2.0 million ton capacity Read more ...

According to the Metal Service Center Institute (MSCI): “August shipments of Read more ...

Trade sources confirmed that 12,000 tons (600 lots) traded this week at $635 per net ton for the calendar year 2011 on the CME Group U.S. Midwest domestic Hot Rolled Coil steel futures contract. The current spot price of Hot Rolled Coil settled yesterday at $590 Read more ...

Nucor has finally made the commitment many expected and has selected Louisiana as the sight where the steel mill will build a new DRI facility. DRI is used to produce steel. The plant is being built with the expectation of expansion in the future Read more ...

Steel Market Update has moved our Price Momentum indicator to "Lower" from Neutral on galvanized and Galvalume steel coils in the North American market. SMU is maintaining a Neutral rating on both hot rolled and cold rolled coils. A Neutral rating is our way of warning steel buyers to watch pricing carefully as the trend may be about to change Read more ...

Steel Market Update requested information from Severstal NA regarding the status of their Sparrows Point facility due to an article written in the Baltimore Brew (reprinted below) reporting the plant is to be closed for the balance 2010. We received the following information from Severstal this morning Read more ...

Steel Market Update (SMU) has been carefully monitoring the recent flat rolled steel prices hikes by the domestic steel mills. We have found a very modest uptick in hot rolled, cold rolled, galvanized and Galvalume steel prices but steel buyers are still wary as to what to expect next Read more ...

Nucor came out with an "official" announcement last evening (Tuesday) advising their customers effective immediately they were taking prices up by $40 per ton ($2.00/cwt) on all new flat rolled steel orders (hot roll, cold roll, galvanized Read more ...

Recently, Steel Market Update adjusted our Price Momentum Indicator on flat rolled steel pricing from "Rising" to "Neutral". Not all of our members/readers understand what a neutral reading means Read more ...

Steel Market Update received the following email from one of our readers earlier this week. We thought it was important to share with our members and those who are interested in Steel Market Update newsletters, website and conferences Read more ...