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Latest news
Oregon Steel Mills ups plate prices by $40/ton
Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton (st) for steel plate. The Portland, Ore.-based company told customers on Monday that the minimum increase was effective immediately with all new orders. It applies to all carbon, HSLA, hot-rolled coil, normalized, and quenched and tempered products, […]
Nucor HR spot price flat at $950/ton
Nucor kept its consumer spot price (CSP) for hot-rolled coil unchanged at $950 per short ton (st).
SSAB increases plate prices by at least $40/ton
SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).
Final Thoughts
This is the final Final Thoughts of 2025. In fact, let’s throw in the final Final Thoughts of the first half of the 2020s. End of year. Mid-decade. What does it all mean?
Pause on 5 windfarm leases could threaten steel plate demand
Demand for heavy steel plate used in offshore wind farms faces renewed uncertainty after President Trump paused leases for five offshore wind projects.
USW rejects second proposed contract with Metallus
Members of the United Steelworkers (USW) Local 1123 labor union voted against ratifying a second proposed deal with Metallus on Dec. 18.
Holiday Notice: Merry Christmas and Happy New Year!
Steel Market Update offices will be closed Wednesday, Dec. 24, through Friday, Jan. 2, for the Christmas and New Year holidays.
Rig count update: US activity increases, Canada plunges
The number of oil and gas rigs operating in the US ticked higher this week, while Canadian activity tumbled, according to the latest data released from Baker Hughes.
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