• Skip to main content

    Product

    The New Executive Newsletter: More Details

    Written by John Packard


    The new Steel Market Update Executive Newsletter is our existing newsletter updated and with some new twists.  Besides the Executive Newsletter we have launched our SMU Monthly Newsletter and will be launching an upgrade (mostly to our website) which will comprise our Premium Newsletter and website access.

    We had a meeting with our website developers on Wednesday. The list of “bugs” needing to be worked out of the new website and our steel newsletter has shrunk to one page (albeit a full page) from many multiple pages. We have put our first “official” date for the launch of the new site. After two years I thought it appropriate to pick Friday the 13th of September… We all figured it was time to throw it up against the wall and see what sticks.  Friday the 13th is a good a day as any….

    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.