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Latest news
Nucor raises HR spot price to $1,035/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.
Final Thoughts: Are we nearing peak steel market tightness?
Could we see prices continue to inch higher, plateau, and then start to slide back? A lot hinges on whether and how long it takes mills to catch up on orders.
Price on Trade: Enough talk. It’s time for action on excess steelmaking capacity
With global capacity projected to increase by 138 million mt by 2028, the gap between capacity and demand will continue to grow over the next three years. And that assumes the conflict in Iran does not stifle global demand.
Steelmaking raw material prices increase through March
Prices for iron ore, aluminum, pig iron, and shredded scrap have all risen in the last 30 days. Busheling scrap held steady, while zinc and coking coal declined.
Drilling activity slows in US and Canada
The latest count of operational drilling rigs declined in both the US and Canada this week, according to recently released data from Baker Hughes.
Price gap between US CR, imports holds steady
CR imports from Germany, Italy, and Japan on a landed basis remain much more expensive than domestic product. But South Korean imports remain competitive, in theory, even with the 50% Section 232 tariff.
Atlas Tube expanding Shuriken structural nut keeper line
Atlas Tube, a Zekelman company, said it is expanding its Shuriken® structural nut keeper line.
AMU: Lead times hold firm as supply tightness persists and import pressures shift, survey shows
AMU’s March survey results show lead times remaining extended as supply tightness persists, even as import competitiveness declines and logistics costs increase.
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