A national steel service center chain, Macsteel Service Centers USA has acquired the assets of a flat rolled and stainless steel coil Read more ...

"Business growth has accelerated strongly this month in the Chicago area where the purchasing managers' composite index rose to 71.2 from January's already robust 68.8 Read more ...

This evening (Sunday, February 27, 2011) the locked out union workers at U.S. Steel Hamilton Works will enter its 17th week. It was back on Sunday, November 7, 2010, the owners of the former Stelco Hilton Works mill locked the gates over two pension-related issues: indexing for the existing pensioners and the Company’s desire to close the existing program for new hires. USW Local 1005 and their president, Rolf Gerstenberger, have refused to accept the Company’s proposal and thus the stalemate continues Read more ...

"Consumer sentiment jumped sharply in February though the results are likely old news given the wild ups and downs underway in oil prices. The consumer sentiment index rose to a much higher-than-expected 77.5, up 2.4 points from the mid-month Read more ...

"The fourth quarter turned out to be not as strong as initially estimated. Fourth quarter GDP growth was revised down to 2.8 percent annualized growth from the advance estimate of Read more ...

Data DiGest reports that "The value of new construction starts retreated 6% in January at a seasonally adjusted annual rate Read more ...

UBS Investment Research reports on the "warning factors for global steel markets after a strong run in pricing and raw materials. We see signs that both may be ripe for at least a pause, as markets digest the big run, but see potential for a price correction after a strong restocking in China of both finished steel and Read more ...

"Vale SA, the world’s largest iron- ore producer, said fourth-quarter profit almost quadrupled, beating analysts’ estimates, because of surging prices for the raw material used to make steel," according to Bloomberg.

The report said that "Net income climbed to Read more ...

"Nippon Steel Corp will ask auto makers and other major customers to accept a roughly 20,000 yen ($242) a tonne price rise for steel products starting in Read more ...

"A new landmark is currently being built in New York: the One World Trade Center. The corners of the skyscraper’s facade will be edged with stainless steel made in Germany. ThyssenKrupp Nirosta (Krefeld) produced the material at its Dillenburg plant using a Read more ...

"According to Mr Wu Xinchun vice general secretary of China Iron and Steel Association, iron ore resource will be oversupplied by over 70 million tonnes this year and the imported iron ore price is estimated to decrease in Read more ...

Olympic Steel, Inc. announced its fourth quarter results for the year ended December 31, 2010.

Earth Times reports that "Net sales for the fourth quarter of 2010 increased 55.4% to $215.2 million from Read more ...

An accident at Nucor Steel of Hertford County near here Tuesday night left one worker injured, according to the Roanaoke-Chowan News-Herald.

The report said that "According to Nucor Plant Manager Johnny Jacobs, the mishap occurred on the Read more ...

"Recently, Turkey’s scrap import market has stayed cold and the prices have remained flat.

It’s said that a Turkish steel mill imported 25 thousand tons of HMS scrap 1&2 (80:20) and 15 thousand tons of shredded scrap with the deal prices at Read more ...

"US steel producers' spending on lobbying interests declined for the third year in a row last year, with spending of more than $9.3m recorded for 2010 Read more ...

After showing positive momentum during the fourth quarter of 2010, the Architecture Billings Index (ABI) slipped almost four points in January, Read more ...

Platts reported that "Seaborne iron ore cargo prices slid again Wednesday as buyers remained resistant to purchasing in the spot market.

The Platts 62%-Fe fines assessment was down 75 cents to Read more ...

Steel Market Update is having its 2nd Annual SMU Conference - Construction & Steel Summit in conjunction with METALCON on October 10, 2011 at the World Congress Center in Atlanta, GA.

Right now, we are working on finding speakers and Read more ...

"The rate of home-price contraction held steady in December, according to S&P Case-Shiller data which shows a 0.4 percent month-on-month adjusted decline for the composite-10 index which is unchanged from Read more ...

Worthington Industries press release announced today that it has reached an agreement in principle with Marubeni-Itochu Steel America Inc. (MISA) to combine Dietrich Metal Framing and ClarkWestern Building Systems in a Read more ...

"He says [he] can't talk about it yet, but Congressman Bill Johnson hinted Monday night that a state-of-the-art, steel-producing facility soon could make its home in Read more ...

"Fire crews said they responded to a small electrical fire in the main trunk line at one of the steel mill buildings at AK Steel early Read more ...

The lockout between US Steel Hamilton Mill and USW Local 1005 is now entering its 16th week. The issues remain the same – all pension related. But, in any labor situation the key eventually becomes how can Read more ...

"Another volatile week in the commodity markets as uncertainty in the Middle East, a mixed bag of economic reports in the US, and concerns about China’s efforts to cool inflation weighed on prices, Read more ...

"Cliffs Natural Resources Inc (CLF.N) is boosting its U.S. exports of iron ore pellets by up to five times this year to take advantage of "exceptionally high" global prices driven by growing demand from Read more ...

Pittsburgh's tallest building may be changing hands soon.

Pittsburgh Post-Gazette reported that "A group of New York investors has reached a tentative agreement to buy the 64-story U.S. Steel Tower for roughly Read more ...

Steel Market Update's Steel 101 workshop in Houston, Texas on April 6-7, 2011 is customized according to what areas you want instruction on.

This workshop will explain and discuss the steel Read more ...

"Accelerating output is the biggest positive in a very positive manufacturing report from the Philly Fed, Read more ...

Mark Reutter with The Baltimore Brew said "Severstal is expected to announce a buyer of the idled Sparrows Point steel mill within days — and possibly as soon as tomorrow — with all signs pointing to the Read more ...

Global Industry Analysts (GIA) "announces the release of a comprehensive global report on Commercial Vehicles market. Recovering from the worst ever setback, the automotive industry is forecast to regain poise with commercial vehicle sales worldwide slated to reach Read more ...

Severstal North America (NA) raised prices today by $50 per ton ($2.50/cwt) based on our calculations.

In an internal memo the company provided the Read more ...

Data DiGest reports that "The producer price index (PPI) for finished goods increased 0.8% in January and 3.6% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Wednesday. The PPI for Read more ...

Exports of coking coal – used in steelmaking – rose to an estimated 55 million tons in 2010, up from the low of 22 million tons in 2002 and the highest level since 1991. The 2010 export level is nearly three Read more ...

"Nucor Corporation, the premiere steel producer in the United States, has signed a contract with Tenova HYL for the world’s largest single DR module ever to be constructed," according to Tenova HYL's press release.

"Nucor will install a Read more ...

Steel Technologies LLC (Steel Technologies) today announced in a press release "that it has signed a Memorandum of Understanding to acquire the business and certain assets of NuPro Steel, LLC (NuPro), a wholly owned subsidiary of Nucor Corporation (Nucor).

Steel Technologies expects to complete the acquisition in Read more ...

"Housing markets that avoided the worst of the subprime and speculative price problem are now expanding much faster than other Read more ...

"While the January confidence reading is the highest in thirty four months, it still remains in the recession range. The index averages 100 plus when economic growth has been better than average for more than Read more ...

Today the financial community began weighing in on the topic of steel industry reporting and analysis. One of Steel Market Update members is an Read more ...

A debate has begun within the steel community about the role of steel industry newsletters. Of particular interest are recent reports coming Read more ...

February 15, 2011 - Builder confidence in the market for newly built, single-family homes remained unchanged at 16 for a fourth consecutive month in February, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. Read more ...

The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve in February. The general business conditions index rose 3.5 points Read more ...

According to the February 2011 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies anticipate improved business conditions for the next three months Read more ...

Lakeside Steel Inc. reported its third quarter results ending December 31, 2010. Company revenue was $53,820,247, a 99% increase compared to Read more ...

Steel Market Update in conjunction with Iron Angels of Colorado will host a steel workshop in Houston, Texas on April 6-7, 2011. The workshop will have a number of focus points: raw materials used in Read more ...

The lockout of the USW Local 1005 union workers at the U.S. Steel Hamilton Works plant in Canada has now entered its 15th week with no end in sight. The core disagreement between the mill and the union are centered on pensions.

A U.S. District Court Judge said in astatement regarding the Antitrust case against US steel companies that Read more ...

In the research section of Steel Market Update we cover a wide variety of flat rolled steel topics. One of which is in our Steel Buyers Basics section where we speak to the various billing methods for flat rolled steels. Today we will cover actual weight, theoretical minimum weight and theoretical nominal weight billing Read more ...

In a letter to their customers, the Nucor Plate Group raised transaction prices on plate products by a minimum of $80 per ton ($4.00/cwt) Read more ...

West Chester, OH, February 10, 2011—AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat- Read more ...

The London Metal Exchange’s (LME) announced in their press release that "new US storage facilities for steel billet saw their Read more ...