Market Segment
March 28, 2025
Written by Ethan Bernard
Nippon Steel could be raising its investment in U.S. Steel facilities to as much as $7 billion in an effort to save its troubled bid for the Pittsburgh-based steelmaker, according to a media report.
The news website Semafor reported on Thursday that the Japanese steelmaker is in talks with the Trump administration on ways to get its bid for U.S. Steel across the line.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.
A one-month extension of the terms of the current four-year contracts between the USW and the two steelmakers (which was initially set to lapse on Sept. 1) expires on Oct. 1.
In 2015, finished steel imports were 29% of apparent domestic consumption of steel, as estimated by AISI. In 2025, the import share had fallen to 18%. Steel lobbyists think that is progress, but the reality is more complex.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.