Market Segment
November 6, 2025
Written by Ethan Bernard
ArcelorMittal said consolidation of its ArcelorMittal Calvert operation supported its North American operations in the third quarter, despite ongoing Section 232 tariffs and outages at facilities in Mexico.
The Luxembourg-based steelmaker reported North American sales of $3.3 billion in Q3’25 ended Sept. 30, up 7% from the previous quarter and 20% year over year.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The United Steelworkers (USW) union plans to extend its current labor contract with U.S. Steel and Cleveland-Cliffs by 48-hours on a rolling basis, the union told SMU on Monday.
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.