Category: Company Announcements

Nucor announced on Monday, June 8, that its consumer spot price (CSP) for hot-rolled coil will be $1,115 per short ton (st) for the week, up $10/st from last week.

Atlas Tube, a Zekelman company, said on Friday it has agreed to form a joint venture with Maruichi USA.

The Association of Cold Rolled Specialty Steel (ACRSS) officially responds to the formal investigation Mexico opened into cold-rolled steel imports from the US

Nucor on Friday announced plans to increase plate prices by $60 per short ton (st).

Nucor announced on Monday, June 1, that its consumer spot price (CSP) for hot-rolled coil will be $1,105 per short ton (st) for the week, up $10/st from last week.

All regulatory conditions for Worthington Steel's acquisition of Germany-based service group Kloeckner have been met, a spokeswoman told SMU on Wednesday.

Jefferson Shredding & Recycling LLC, Birmingham, Ala., is planning to install a shredder system at Outokumpu’s Calvert, Ala., stainless steelmaking facility, according to a recent press release.  

Tenaris, alongside Ontario’s provincial and Canada’s federal governments’ pledge $30Canadian $306 million (USD$221.6 million) to modernize and expand Tenaris’ Ottawa-based industrial center.

Nucor announced on Tuesday, May 26, that its consumer spot price (CSP) for hot-rolled coil will be $1,095 per short ton for the week, up $5/st from last week.

Steel Market Update will be closed in observance of Memorial Day on Monday, May 25.

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning June 1.

Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.

India-based JSW Steel’s combined US operations swung to a slight profit in its fiscal fourth quarter of 2026.

Algoma CEO forges new path against tariff headwinds

U.S. Steel delivered a mixed first quarter. Segment performances diverged sharply as winter weather, outage activity, and major capital projects weighed on results.

The United Steelworkers labor union and U.S. Steel plan to address their partnership and profit-sharing agreement during the week of May 11.

Chicago-based pipe and tube manufacturer Zekelman Industries has appointed Jason Nofziger as its vice president of supply chain, effective May 11.

FabArc Steel Supply announced it will be leasing a 60,000-square-foot fabrication facility on 29 acres in Decatur, Ala.

Steel Dynamics Inc. (SDI) has revised their metallic coating extras higher for galvanized, Galvalume, Galfan, and aluminized type 1 products.

US mills' capability utilization hit 81.4% last week, up from 80.4% the week prior and from 76.6% a year ago.

CFC Recycling has acquired Goolsby & Sons Recycling, a family-owned scrap and recycler in Gallatin, Tenn.

In a May 11 price notice, SSAB upped its transaction prices for new, non-contract plate orders confirmed to ship from June 28 onward.

On Monday, Nucor hiked its spot HR price by $10/ton.

Ryerson swung to a profit in the first quarter as it began the integration of Cleveland-based service center chain Olympic Steel.

Klöckner & Co.’s North American business attributed its first quarter losses to reduced shipments, a knock-on effect of its divestment in 8 US-based distribution sites, at the end of 2025.

Southeast Recycling Group (SRG) said it will acquire the assets of NuCycle LLC, including an automobile shredder and auto parts yard (Carolina Salvage) in Rock Hill, S.C.

Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.

Oregon Steel Mills (OSM) is attempting to push spot plate prices up by a minimum of $60 per short ton (st).

GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.

Ferrosource LLC, a distributor of ferrous metals, is nearing completion of its steel processing facility on the campus of Big River Steel Works (BRSW) in Osceola, Ark. Operations are set to begin in August.