"Initial jobless claims fell a very steep Read more ...

The ISRI Broadsheet reports said that "December’s reporting of November’s numbers saw the ISM Index decline 0.3 to 56.5 while today’s Read more ...

AISI released November Pig Iron and Raw Steel production Read more ...

Chuck Bradford, with the Affiliated Research Group, gave SMU some highlig Read more ...

"Republicans in the Indiana House have filed bills that would prevent Read more ...

In the week ending December 18, 2010, domestic raw steel production was 1,697,000 net tons while the capability utilization rate was 70.2 percent Read more ...

Happy New Year from your local Nucor sheet sales group…. Nucor announced a new round of price increases on all flat rolled products: hot rolled, cold rolled and galvanized. The increases are for $30 per ton ($1.50/cwt) and will be added to the whole host of previous increases announced (and passed through as continuations of previous price announcements) Read more ...

According to PR Newswire, "AK Steel said that it is permanently closing its Ashland Read more ...

American Iron and Steel Institute (AISI) reported "that for the month of October 2010, U.S. steel mills shipped Read more ...

If you are interested in seeing SMU's newsletter 3X per week and receiving the latest flat rolled steel prices and news, Read more ...

Data for October 2010, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a "deceleration in the annual growth rates in 18 of the 20 MSAs and the 10- and 20-City Composites in October Read more ...

According to the latest report from AGC of America, "Construction employment either increased or remained steady in a growing number of metropolitan areas – 120 of 337 – between November 2009 Read more ...

U.S. Steel Hamilton Works lockout of their union workers is now entering its eighth week. Steel Market Update has been following the developments Read more ...

In the latest construction equipment "business outlook" su Read more ...

According to an article from Nola.com, “A public hearing Tuesday on a Read more ...

According to an article in TheSpec.com, "Workers have a right to intervene in court cases that affect Read more ...

Would you help us out by answering our 5 question survey regarding the outlook for 2011 in the steel market?

Steel Market uses all your information to help Read more ...

According to an article in The State Journal, the United Steelworkers Union has appeared to have reached a settlement with Severstal Read more ...

In an article by Peter Brebach, CEO of Iron Angels of Colorado, from Steel Market Update's Wednesday newsletter, Brebach wrote:

"On December 22, the US Department of Commerce (DOC) announced in the Federal Register the amended final results pursuant to court decisions relating to its Read more ...

"Walter Energy acquired the assets of Mobile River Terminal Co. in Mobile, Ala., from a subsidiary of Read more ...

In the first quarter earnings conference call for Commercial Metals Company(CMC), Murray R. McClean, Chairman, President, and CEO, said that as an “overview of the first quarter, after a sluggish start to the quarter, momentum built as Read more ...

Data Digest reported that "As frequently happens, McGraw-Hill Construction (MHC) and Reed Construction Data reported sharply different results for the value of construction starts in November, based on data they each collect. Total construction starts fell 9%, seasonally adjusted, from October, MHC said. “Nonresidential building weakened for the second month in a row, while nonbuilding construction (public works and electric utilities) retreated after its elevated pace in October.

Tom Muth,Vice President of Sales & Marketing, of Atlas Tube sent out a letter to customers saying,"Based on previously announced raw material increases, Atlas Tube is increasing the price on Read more ...

“JSW Steel Ltd., India’s third- biggest producer, agreed to buy a controlling stake in Ispat Industries Ltd. for 21.6 billion rupees ($476 million), adding Read more ...

AK Steel announced a new round of price increases on Monday evening raising prices on hot rolled, cold rolled, galvanized and aluminized by $30 per ton. The last “official” price increase out of AK Steel was on December 9, 2010 when they took their flat rolled steel prices up by $40 per ton. Read more ...

According to BuffaloNews.com, “A local investor and development group paid $3.5 million Monday to buy Read more ...

Steel Market Update sources have advised us both California Steel Industries (CSI) and U.S. Steel/Posco (UPI) have “closed” their order book for Read more ...

Blast furnace 2 at the ThyssenKrupp CSA steel mill in Santa Cruz/Rio de Janeiro state was fired up on schedule and without problems Read more ...

“Construction employment expanded in 20 states between October and November, while the list of states with year-over-year construction job gains grew to Read more ...

Earlier this week, Steel Market Update wrote an article regarding the quick run-up in hot rolled, cold rolled, galvanized and Galvalume steel pricing. We wanted to focus industry attention and debate on the "Big Bang Theory" which is circulating amongst industry experts. The "Big Bang" referring to the steel pricing bubble bursting Read more ...

As an update to our earlier blog about the USWA filing an injunction against Severstal NA, WOWK TV posted that "An Ohio County Circuit judge is scheduled on Read more ...

According to the most recent Metal Service Center Institute (MSCI) report, steel shipments out of the U.S. and Canadian service centers improved indicating a recovery in the steel sector Read more ...

Bloomberg reports that "Nucor Corp., the largest U.S. steelmaker, said it’s Read more ...

Jim Haughey, Reed Construction Data Chief Economist reports that “The key markets drivers in the housing market remain mixed, keeping r Read more ...

SMU’s domestic mill source relayed that “Steel Dynamics noted that flat-rolled order entry and pricing have increased Read more ...

A domestic mill source reported to SMU today that Nucor stated that the fourth quarter is likely to see a loss of $0.10 to a Read more ...

According to the December 2010 Precision Metalforming Association (PMA) Business Conditions Report, "metalforming companies anticipate a significant spike in business conditions during the next three months. Read more ...

MarketWatch reported that “Analysts expect steel production [in China] to increase next year as some Read more ...

Nucor is not the only domestic mill which has been actively “adjusting” flat rolled steel prices over the past 24 hours. Prices for hot rolled, cold rolled, galvanized and Galvalume steels have gotten Read more ...

According to an article from The Associated Press,"A judge has ordered steelmaker Severstal Wheeling to temporarily stop removing Read more ...

For the 4th time in the last seventeen days, Nucor has begun revising their base prices on hot rolled, cold rolled and Read more ...

Steel Market Update is hosting a steel training workshop in Read more ...

The Empire State Manufacturing Survey indicates that conditions improved in Read more ...

According to the National Association of Home Builders, Bloomberg reports "flat conditions at best so far in December according Read more ...

Schnitzer Steel Industries, Inc. announced December 14th that it will acquire Amix Salvage & Sales, Ltd. of Vancouver, Canada. Then, the company announced today that Read more ...

"National Mineral Development Corporation (NMDC), India’s biggest iron ore miner, is keeping an eagle’s eye on Japanese major Kobe Steel’s ITMk3 technology-based maiden steel plant in Minnesota in the United States before firming up Read more ...

U.S. producer price report for Nov. released by the Labor Department reported that "The Producer Price Index for Finished Goods rose Read more ...

Over the past two weeks, SMU Buyers Sentiment Index has risen by 1 point and stands at +2. Going back over the last four weeks Read more ...