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    August 25, 2017

    ArcelorMittal USA Achieves Plate Certification

    Written by Tim Triplett

    ArcelorMittal’s three plate facilities in the United States—Burns Harbor in Burns Harbor, Ind., and Coatesville and Conshohocken in Pennsylvania—have each achieved DNV-GL certification, which will allow the company to expand business opportunities domestically and internationally for its plate products.

    DNV-GL (Germanischer Lloyd) is a classification society that sets rules and standards for industries, especially maritime-related markets. They establish best practices by means of quality codes, standards and documentation. These criteria ensure manufacturing compliance and allow conditions whereby warranties and insurance criteria are met.

    Tim Triplett

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    US tweaks import duties on Korean plate

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    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.

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    SMU Survey: Mill willingness to negotiate price at lowest levels since 2021

    The majority of steel buyers responding to our latest market survey reported that mills continue to hold a firm grip on prices. The share of buyers reporting that mills were negotiable fell this week to the lowest rate seen in over five years. Every two weeks, SMU surveys service center and manufacturer buyers asking if mills are negotiable on new spot sheet and plate orders. In this week’s survey, just 3% of respondents said mills were willing to talk price to secure an order (Figure 1). This is down 11 percentage points from our mid-October survey.

    SMU flat-rolled market survey results now available

    The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members. After logging in, look under the Data tab for Market Reports, and there you will find the Flat-Rolled Survey Results section. Previous survey results are also available on that page. If you need help accessing these results, or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.