Distributors/Service Centers
November 25, 2024
Written by Laura Miller
Flat-rolled steel service center Alliance Steel has expanded into the tubular market with the launch of Alliance Tubular Products.
The new Alliance division manufactures square and rectangular electric resistance welded (ERW) products and steel HSS tubing. Production has already started and will continue to ramp up next year, the company said in a statement.
Earlier this week, SMU polled steel buyers on topics ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events. Below, we share a selection of the comments we received, in each buyer’s own words.
Worthington Steel said tight US steel supply, low imports, and extended lead times constrained shipments and quoting opportunities during its first fiscal quarter, even as the conditions supported pricing and spread sustainability.
Worthington Steel reported a surge in sales in its first quarterly results to include the Kloeckner acquisition, but the company posted a net loss as the acquisition reshaped its sales and operating mix.
SMU’s latest Flat-Rolled Steel Survey points to largely stable demand, but foreign steel orders have softened since the previous survey, and service centers continue to report stronger activity than manufacturers.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.