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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
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Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
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Latest news
Cleveland-Cliffs closes on acquisition of Stelco
Canada’s Stelco Holdings Inc. is now officially owned by Cleveland-Cliffs Inc.
Grupo Simec halts operations as ‘explosion’ claims multiple lives
A spill of liquid steel at a Grupo Simec facility in central Mexico has killed at least 12 workers.
ISM: Manufacturing keeps sliding through October, lowest in ’24
Domestic manufacturing contracted for the seventh straight month in October, according to the latest report from the Institute for Supply Management (ISM). This marks the 23rd time in the last 24 months that it has been in contraction.
Falling prices and lower demand hit Olympic Steel’s Q3 earnings
Olympic Steel remained profitable in the third quarter despite strong economic headwinds and pricing pressure across the steel industry.
Active rig counts stabilize in US, slip in Canada
US rig activity has been historically weak since June, hovering just above multi-year lows for four months. Canadian counts have ticked lower in recent weeks but remain strong.
November ferrous scrap market slows with export pullback
The ferrous scrap market for November is starting to look more like the several preceding months.
CRU: What will the US elections mean for climate policy?
SMU is pleased to share this Insight piece from CRU economists. You can visit the CRU website to learn about its global commodities research and analysis services. The US presidential election will take place this Tuesday, Nov. 5, with opinion polls indicating a tight race between the two main contenders, Democrat Kamala Harris and Republican Donald Trump, […]
CRU aluminum news roundup
A roundup of this week’s CRU aluminum news.
Final Thoughts
It’s official. U.S. Steel has made the first coil at Big River Steel 2 (BRS2). We congratulate the company and all the hard work that went into achieving that milestone.
USS said BRS2 would begin shipments to customers this quarter. And we’re assuming those volumes will increase into Q1’25.
USS touts first coil at BR2 as Q3 earnings fall
U.S. Steel said it has produced its first coil at the Big River 2 facility in Osceola., Ark., as the company reported lower profits on-year in the third quarter of 2024.
Chicago Business Barometer slips in October
The Chicago Business Barometer fell to a five-month low in October and continues to indicate deteriorating business conditions, according to Market News International (MNI) and the Institute for Supply Management (ISM).
SunCoke posts solid earnings, extends coke supply deal with USS
A strong performance from its logistics segment drove SunCoke Energy’s results higher in the third quarter.
Featured
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
wdt_ID | Product | Low | Avg | High |
---|---|---|---|---|
1 | HR | 640 | 685 | 730 |
2 | CR | 880 | 915 | 950 |
5 | GI | 840 | 870 | 900 |
6 | AZ | 860 | 905 | 950 |
7 | PL | 840 | 895 | 950 |