Company Announcements
May 11, 2026
Written by Laura Miller
US steel mills continue to increase production, with weekly output again reaching multi-year highs.
The latest data from the American Iron and Steel Institute (AISI) show raw steel output rising 1.3% week over week (w/w) to 1,880,000 short tons (st) in the week ending May 9. Production is up 9.3% year over year.
U.S. Steel held a ceremonial groundbreaking on Monday for its new $475-million quench-and-tempering facility at its Fairfield Tubular Operations in Alabama.
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.
SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.
Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.
Nucor Corp. expects significantly higher earnings in the third quarter thanks to higher selling prices and stable sales volumes.