Category: CRU

US rebar and wire rod prices rose month on month (m/m) alongside continued scrap increases, while merchant bar and structurals were unchanged.

This news item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Canada’s Algoma Steel signed a binding Memorandum of Understanding (MoU) with Hanwha Ocean to support Canada’s submarine program and Algoma’s diversification strategy. A new structural steel beam mill may result. Financial support, subject to conditions being […]

Lower finished steel imports continued to support US domestic prices this month. HR coil prices are up more than $40 per metric ton (mt) month-on-month (m/m) due to higher seasonal demand in January and tightening domestic supply.

Sheet prices are set to stay weak in China, hold steady in India, while they are set to rise in the EU and US due to protectionist limits on imports.

This CRU Insight provides details on the decline of Venezuela’s steel, DRI, and iron ore industries, which highlights the potential scope of recovery with the right policy agenda and support.

US Midwest sheet prices continued to rise alongside continued mill prices increases as lead times remained extended.

Rocky Mountain Steel Mills has begun hot commissioning a universal rail mill at its mini-mill in Pueblo, Colo.

US longs prices diverged in early December, with rebar and structurals prices rising on data center demand while wire rod remained flat, as domestic mills balanced the market. Import volumes, in November, declined sharply across all longs.

Members of Mexico’s lower house have approved a plan to impose levies of between 5% and 50% on imports of 1,463 categories of goods from countries lacking a trade agreement with Mexico.

Recent supply constraints, price increases, shifts in EV and emissions policy, and continued innovation in steel have revived the question of whether automakers might move some applications back from aluminum to steel.

The downward trend in Chinese steel export prices continued over the past month, as domestic demand in the country failed to recover following the Golden Week holidays.

Global sheet markets face divergent trajectories into year-end, with Asian (excl. India) markets under pressure from oversupply. This, while Western markets experience temporary support from supply constraints.

US steel mills have received a boost from lower import levels because of sweeping tariffs this year. However, demand remained moderate in most sectors, aside from data center construction, after the summer.

CRU analysts break down their top takeaways from CRU's 31st Annual Ferroalloys Connections Summit, held Oct. 19-21 in Miami.

India's JSW Steel reported a 307% year-on-year (y/y) jump in net profit to INR16.5 bn ($188 million, €161 million) in fiscal Q2.

US-based Ampco-Pittsburgh has placed its forged and cast rolls plant in Gateshead, northeastern England, into administration through voluntary insolvency after years of losses.

US domestic sheet prices have remained rangebound in recent weeks as supply tightness met weak demand. Demand for steel produced in the US increased among some Mexican industrial buyers....

The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...

The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences.  CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]

Representatives of at least six companies interested in acquiring AHMSA have reportedly begun to carry out physical inspections of the insolvent company’s assets.

The Italian government has received 10 offers for the former Ilva integrated steel works at Taranto, but only two bidders are interested in purchasing all of the company’s assets.

Voestalpine and partners have begun building an industrial-scale Hy4Smelt demonstration plant in Linz, Austria, which they hope will become key in the decarbonization of steel.

The analysis below was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com.  One-in-three companies have paused or delayed stainless steel orders because of disruption caused by the wave of import duties imposed worldwide this year, according to a survey conducted for Outokumpu of Finland. Other responses include more […]

For the next month, CRU forecasts that global demand for steelmaking raw materials will increase month on month (m/m).

Directors of Anglo American and Teck Resources have conditionally agreed to join together in what they describe as a merger of equals with a focus on copper. 

he US longs market remained stable this month despite ongoing challenges from tariff-impacted imports, even as end-use demand was relatively unchanged and scrap prices held flat in August.

Domestic sheet prices in the US remained under pressure, limiting interest in imports, while domestic prices for longs products continued to rise.

The CRUmpi rose by 0.8% month over month (m/m) to 286.1 in August, following four consecutive months of decline. Scrap prices showed mixed trends across major regions, largely influenced by local supply-and-demand dynamics, government policies, and the relative strength of finished steel markets. US prices were stable while Europe and Asia saw price increases, but […]

Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.

Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.