• Skip to main content

    Product

    Final Thoughts

    Written by John Packard


    We have room for one (1) more person in our next Steel 101 workshop which will be held in the Columbus, Mississippi area (Starkville, MS) and include a tour of the Severstal Columbus steel mill. We will close registration on Wednesday of this week.

    You will note our new banner ad at the top of the newsletter – we have a couple of openings as we move into the month of March.  We had been holding back on our advertising not knowing exactly when our new website (and newsletter format) were going to be ready.  It appears that will be a little later in the spring so if you would like to reach your target audience (flat rolled steel in North America) – this is the place to do it.  You can get information by clicking on the link in the ad or by requesting information from Info@SteelMarketUpdate.com

    Latest in Product

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.

    Ternium plans February start for new slab mill, sees Mexico prices rising

    Ternium SA expects a modest seasonal decline in consolidated steel shipments in the fourth quarter, but sees Mexico revenue per ton continuing to rise with North American steel price trends. The outlook came as the company released its third-quarter earnings report and prepares to start steel shop production at its new Pesqueria slab mill in February. “We are seeing a strong demand in Mexico … strong demand in the US,” CEO Maximo Vedoya said on a conference call on Wednesday to discuss the quarterly earnings. Ternium reported Q3’26 net income of $368 million, compared with $465 million in Q2’26 and a $270-million loss in Q3’25.