Company Announcements
July 6, 2026
Written by David Schollaert
Nucor announced on Monday, July 6, that its consumer spot price (CSP) for hot-rolled (HR) coil will remain unchanged at $1,130 per short ton (st) for the week.
This is the first time the Charlotte, N.C.-based steelmaker has maintained its CSP flat back-to-back weeks since Jan. 5. The pause comes after 23 straight weeks of increases through June 22, totaling $380/st.
BlueScope has announced interim leadership for its US operations with the impending departure of Kristie Keast. BlueScope has announced interim leadership for its North American operations ahead of the departure of Kristie Keast. Keast will leave the company at the end of October after serving as chief executive of North America since February 2023, the company said. "Kristie has made a significant contribution to BlueScope during her 25-year tenure,” said BlueScope’s managing director and CEO Tania Archibald. “On behalf of the Board and Executive Leadership Team, I thank her for her leadership and commitment to the Company and wish her every success for the future."
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.
Reliance Inc. posted a third-quarter profit more than double that of a year ago on record quarterly sales. The stellar result came thanks to higher steel prices and a jump in tons sold. A government contract for the US border wall with Mexico drove a significant portion of those gains, the company said. And the Phoenix-based service center chain, North America’s largest, predicted that profits would continue to surge in the fourth quarter despite concerns about steel availability and geopolitical instability.
The Canadian federal government and the Ontario provincial government have announced five-year commitments totaling CA$5.22 billion (US$3.72 billion) for a Joint Steel Action Fund. That funding comes alongside up to an additional CA$2.5 billion over two years for large-scale automotive capital projects. The federal and provincial governments said the package is intended to support domestic steel production, automotive manufacturing, and the transition to connected and electric vehicles.
Alro Steel has opened a new, 245,000-square foot facility in Oviedo, Fla., a suburb of Orlando, Fla. The Jackson, Mich.-based service center said the new location would allow it to better serve the Orlando market. The company said the new facility will allow its original location in Orlando, established in 1982, to focus on plate processing. The Oviedo location “significantly increases Alro’s local inventory and processing capacity, providing customers with greater product availability, expanded processing options, and faster shipments,” Alro said in a press release posted earlier this week.