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    Company Announcements

    SMU Daily Digest newsletters coming soon

    Written by Brett Linton


    Coming soon! The SMU Daily Digest is our new weekday email designed to help you keep a closer pulse on the steel market developments affecting your business.

    Beginning in mid-October, our new Daily Digest will replace the three Executive newsletters we deliver each week. Subscribers will receive a concise email update every weekday morning at 10 a.m. ET. More frequent delivery means you can stay closer to the news, market developments, and key stories affecting the industry and your business.

    Each Daily Digest newsletter will feature abbreviated versions of our latest stories, with full articles available exclusively for subscribers on the SMU website. This format also helps us understand which stories and topics readers find most valuable, so we can keep refining our coverage around what matters to you.

    Make sure you are ready

    Before the new format launches, please make sure your SMU account is fully active:

    – If you already receive our Final Thoughts, Market Alerts, and Breaking News emails, you are all set. If not, please contact smu@crugroup.com, and we will be happy to help. Subscribers whose accounts are not fully set up may receive an opt-in email from us. If you receive one, please follow the link to complete your setup.

    – Ensure you can sign in to the SMU website to access our articles. Can’t remember your login details? Visit the site, click on the Login button, and select “Forgot Password” to restore access. Or contact smu@crugroup.com for assistance.

    We look forward to bringing you a more frequent, easier way to stay connected to the news moving the steel market.

    – The Steel Market Update Team

    Brett Linton

    Read more from Brett Linton

    Latest in Company Announcements

    Stelco to restart idled Hamilton finishing operations on Dec. 1

    Stelco will restart finishing operations at its mill in Hamilton, Ontario, on Dec. 1. The company cited improved demand. The Canadian flat-rolled steelmaker will also recall 175 workers who had been laid off. The workers will be "made whole" retroactively for wages lost while they were laid off, Stelco said on Friday. Stelco initially proceeded with layoffs despite threats of legal action from the Canadian government.

    Nucor aims to raise plate prices by $70/ton, opens December orderbook

    Nucor said on Friday morning it plans to increase plate prices by $70 per short ton (st) as it opens its December order book. The Charlotte, N.C.-based steelmaker said in a letter to customers that orders must be submitted by Nov. 27 to be considered. You can check out SMU’s Steel Mill Price Announcement Calendar to follow announced pricing moves. SMU’s price assessment for plate currently stands at $1,550/st on average, as of Tuesday, Nov. 10, up $55/st vs. the prior week.

    JSW Steel USA completes $110M modernization at Texas mill

    JSW Steel USA has completed a $110-million modernization project at its plate mill in Baytown, Texas, a company spokesperson told SMU. “Baytown is back up,” the spokesperson said. “The planned outage is complete, and the mill is running across all of our existing processes.” “Our newly installed equipment is now in the hot commissioning and trialing phase, which is an exciting next step for the site,” she added.

    CORRECTION: Randall Metals closes on buy of Titan Steel

    Randall Metals has closed on its acquisition of tinplate and specialty flat-rolled products supplier Titan Steel. Further terms of the deal were not disclosed. Titan Steel has facilities in Baltimore and the Chicago area, and serves the food packaging, filtration, and construction markets, among others. "Scale is increasingly important in the service center market, and this transaction brings together the complementary strengths of our two businesses to address the challenges and opportunities of the changing global steel industry," Titan Steel CEO Max Levin said in a statement on Tuesday.