Market Data
June 7, 2023
H2 Green Steel has signed a memorandum of understanding with Mercedes-Benz for the potential supply of green steel made in North America.
In the same news release on Wednesday, the Swedish sustainable steelmaker said it has signed a binding agreement with Germany-based Mercedes-Benz to deliver ~50,000 metric tons of green steel annually for use in the automaker’s European plants.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The latest Manufacturing PMI Report from the Institute for Supply Management (ISM) shows the US manufacturing sector experienced growth in September, albeit at a slightly lower pace than in the month before.
Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.