• Skip to main content

    Mills

    November 6, 2025

    Ternium to buy out Nippon, Mitsubishi for increased stake in Usiminas

    Written by Laura Miller

    Ternium SA is increasing its stake in Brazilian flat-rolled steel producer Usinas Siderúrgicas de Minas Gerais SA (Usiminas).

    Deal

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

    Latest in Mills

    USS confirms nearly $3B for new Mon Valley HSM, targets 2029 production

    U.S. Steel’s board of directors has approved a nearly $3 billion investment in a new hot strip mill (HSM) at the Edgar Thomson Plant, part of the Mon Valley Works outside Pittsburgh. The project confirms Nippon Steel's commitment to modernize the Mon Valley HSM, a pledge made before and after its acquisition of U.S. Steel. It is part of Nippon's broader $14 billion capital investment plan for the Pittsburgh-based steelmaker's facilities.

    USW to resume in-person labor talks with USS on Monday

    The United Steelworkers (USW) union will resume in-person bargaining with U.S. Steel on Monday. The move comes after the USW said it received an updated contract proposal from the Pittsburgh-based steelmaker on Tuesday. “While we had meaningful discussion with the company, there is still much work to be done,” the USW said in a text to members on Wednesday. “The rest of this week, we will be working on a counter and looking to get answers about some of the proposals USS made,” the union added.

    Nucor plans $60M expansion of Alabama Towers & Structures facility

    Nucor Corp. announced a $60 million investment to expand its Towers & Structures facility in Trinity, Ala., to increase production of steel poles and other structures for utility infrastructure. The Towers & Structures manufacturing facility, which began operating in September 2025, is adjacent to the Nucor Steel Decatur flat-rolled mill. The expansion will add production capacity, laydown space, and a dedicated galvanizing inspection area, the company said. "Utilities across the country are making significant investments to strengthen and modernize the nation's power grid," remarked Nucor Chair and CEO Leon Topalian. "By expanding our Trinity facility adjacent to our Decatur sheet mill, we can combine American-made steel with highly efficient manufacturing to better serve our utility customers and support their long-term infrastructure needs. “

    SDI Q3 profits soar on high steel prices, tight US market

    Steel Dynamics Inc. (SDI) posted sharply higher third quarter profits on the back of higher steel prices, record steel shipments, and "historically low" import volumes. The Fort Wayne, Ind.-based steelmaker said it also benefited from low customer inventories, long mill lead times, and low scrap prices. It wasn’t just a story of US trade policy suppressing imports. Demand was strong across a range of end markets, among them energy, non-residential construction, and automotive, the company said.