Analysis
February 26, 2026
Written by Ethan Bernard
U.S. Steel marked its 125th anniversary yesterday. When you look at the massive changes that have occurred in the country over that time, perhaps it puts the current unpredictability in the steel industry into perspective.
Whether it’s the Empire State Building during the Great Depression or a Liberty Ship in World War II, steel has been a crucial part of the American experience, a primary ingredient to progress.
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.
SMU’s Steel Demand Index rose to 69.5 in mid-September, its highest reading in more than five years.
SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.
Sheet and plate prices continued to tick mostly higher this week amid a supply squeeze that shows no signs of loosening its grip on the US market.