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    Company Announcements

    April 28, 2026

    Cleveland-Cliffs and Palantir formalize AI partnership

    Written by Kristen DiLandro

    Cleveland-Cliffs plans to deploy Palantir’s advanced AI technologies across its commercial and operations internal processes.  

    The Cleveland-headquartered steel producer said leveraging Palantir’s enterprise AI platform reflects its ongoing commitment to manufacturing modernization. Implementing the technology into its production planning, order entry, and operational workflows will result in better data integration, risk mitigation planning, real time activity coordination, Cliffs said.  

    Kristen DiLandro

    Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.