Market Segment
November 11, 2026
Written by Ethan Bernard
Latin American steelmaker Ternium is considering filing more anti-dumping cases in Mexico, according to a report from Reuters.
Ternium CEO Maximo Vedoya told Reuters on Tuesday that the company would “very likely” file more trade cases in Mexico after supporting recent trade actions there.
In this week's Market Chatter, steel buyers point to tight supply and steady demand as reasons sheet prices could keep rising, with many expecting HRC to reach $1,400-1,449 per short ton in two months. Views on when the rally will peak are mixed, with some anticipating further increases while others mention softening demand and political uncertainty. Respondents also disagree on tariffs' impact. They say reshoring is generating activity but has yet to translate consistently into demand.
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.
Final import data for September from the US Commerce Department shows a slight decline from August’s 15-month high. And October’s license count suggests another month-on-month (m/m) decline in imports. September imports of 2,416,717 short tons (st) were down just 1% from 2,434,108 st in August, a 15-month high. October license data show a steeper 8% m/m fall to 2,214,730 st (Figure 1, left). August appears to have been the peak for the recovery in imports, which has been ongoing since February of this year, when we saw some of the lowest levels since 2020.
US steel exports eased 3% from August to September, marking the third consecutive monthly decline following June’s 17-month high, according to recently released US Department of Commerce figures. Exports have been historically low since early 2025 and remain weak compared to volumes seen in prior years. In September, 615,000 short tons (st) of steel were shipped outside of the country, 2% below the average monthly export rate of the past twelve months. September trade was 3% higher than the same month of 2025, 19% lower than September 2024, 21% lower than September 2023, and 15% lower than September 2022. For context, exports fell to a five-year low of 469,000 st in December and reached a near-five-year high of 914,000 st in May 2023.