• Skip to main content

    Product

    August 4, 2013

    Final Thoughts

    Written by Diana Packard

    Our steel market survey will continue on Monday and Tuesday of this week.  The survey, which began on Thursday, deals with the current trends in the flat rolled market.  If you receive an email invitation with a link to the survey please take a few moments to complete our questionnaire.

    Our Steel 101 workshop is approximately 70 percent full.  If you are interested in our workshop you can learn more on our website: www.SteelMarketUpdate.com or you are welcome to contact our office at 800-432-3475 or info@SteelMarketUpdate.com.  We will not conduct another Steel 101 workshop until early next year.

    Diana Packard

    Read more from Diana Packard

    Latest in Product

    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.

    Sheet prices surge as ’26 market squeeze spills into ’27

    Sheet prices soared this week as market participants increasingly predict that the strong market characterizing 2026 will stretch well into 2027. And with extremely limited spot availability, mills that have spot tons to sell are charging a significant premium, they said. The result: Sheet prices saw their highest week-over-week gains since March 2025, according to SMU's pricing records. That's when President Trump shocked the market by expanding Section 232 tariffs to cover traditional US allies such as Canada, Mexico, and the EU.

    Ferrous scrap prices seen rising in November

    Most SMU scrap sources are predicting a stronger scrap market for November. The increase in prices is generally thought be $20-30 per gross ton (gt) in most districts. However, there are differences of opinion about the upcoming price settlements. SMU spoke with a trading source in the Great Lakes region who told us mills in the Eastern Ohio and Western Pennsylvania regions are short on scrap. At least one buyer is offering to buy scrap at a $30/gt increase from October levels. He said most dealers have elected to wait to see where things settle before making commitments.