Reliance lauds US reshoring investments
Reliance Inc said that US government industrial policies contributed to its second-quarter financial success.
Category: Distributors/Service Centers
Reliance finds competitive advantage amid suboptimal market conditions
Strong steel prices and elevated interest rates may be reshaping the competitive landscape among metals distributors.
SMU Survey: Steel Buyers’ Sentiment Indices remain strong
SMU’s Steel Buyers’ Sentiment Indices indicate that buyers remain confident in their companies’ prospects today and in the near future.
SMU flat-rolled market survey results now available
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU's Mill Order Index expands in June
SMU’s Mill Order Index 2continued to expand in June. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.
Reliance logs higher Q2 profits, boosted by border wall project
Reliance Inc.'s earnings improved in the second quarter, boosted by a US government project for the border wall with Mexico.
Plate spot market absorbs price hikes amid booming demand
Spot market absorbs price hikes amidst booming plate demand
HR buyers foresee bullish market through the second half of 2026
Some hot-rolled coil market participants said they're optimistic that the market will remain strong throughout the rest of the year.
Plate sources predict higher spot prices, no peak in sight
Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.
June service center shipments and inventories report
US service centers’ flat-rolled steel supply was down marginally in June, and lower for a sixth straight month. Shipping days of supply slipped to 44.5, according to SMU data.
Steel market chatter this week
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
Worthington declares opening of delisting offer period for Kloeckner shares
Worthington Steel has opened the acceptance period for its public delisting tender offer for all outstanding Kloeckner & Co SE shares.
SMU Survey: Mills benefit from tariffs as buyers wait for supply
SMU’s July 10 Flat-Rolled Steel Survey results paint a picture of a steel market being squeezed from every direction. Tariffs are holding prices up and giving mills a clear advantage, while manufacturers and traders say the policy is pushing their costs higher.
Plate sources mixed on whether market will accept mill hikes
On the heels of SSAB’s price hike, further domestic mill increases to spot market plate seem inevitable to some participants but unlikely to others.
SMU flat-rolled market survey results now available
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
Varsteel continues acquisition spree
Canada’s Varsteel Ltd. has acquired Acier Quebec-Maritimes Inc., a steel and aluminum service center in Riviere-du-Loup, Quebec.
Plate market conditions continue to bolster prices
Limited spot product and extended lead times continue to characterize the domestic plate market, prolonging upward price pressure.
Target Steel expands into Mexico
Target Steel and Target Metal Blanking are expanding into Mexico.
SMU Survey: Foreign steel interest rises in pockets
North American steel buyers are navigating a market where demand is firming, but import activity remains cautious. Buyers reported mixed import activity in SMU’s June 26 flat-rolled steel buyers’ survey.
FGM streamlines operations under one brand
Flack Global Metals (FGM) has consolidated Pacesetter Steel Service under the FGM brand, finalizing the group’s formal transition, the company said on Friday.
Greer Steel rebrands as Ohio Strip Steel
“Ohio Strip Steel reflects who we are today and where we’re going,” the Dover, Ohio-based company said.
Worthington Steel flags interest rates, outlines debt reduction plans
During Worthington Steel’s fiscal fourth-quarter earnings call on June 25, company executives cited interest rates as a market headwind.
Worthington swings to fiscal Q4'26 loss
Worthington Steel swung to a loss in its fiscal fourth quarter as the company completed its acquisition of Germany-based Kloeckner & Co.
HARDI: Galvanized market finds strong prices, consistent demand
Galvanized sheet buyers and distributors report that strong demand and constrained supply persist, exerting upward pressure on prices.
SMU Price Ranges: Sheet's hot streak continues
US sheet prices continue to move higher on extremely limited spot availability, solid demand, and extended lead times.
Leeco Steel makes regional operations manager changes
Leeco Steel has announced changes to two regional operational manager positions.
SMU Profile: Ava Hascall keeps steel in the family
A profile of Hascall Steel's Ava Hascall.
HR market sources content with contract volumes, seeking out spot
Hot-rolled coil market participants report little disruption to their contact volumes, finding timely spot HR proved less straightforward, some sources told SMU.
Plate market sources warn availability squeeze has knock-on effects
Some domestic plate market participants recently voiced concerns that current market conditions will impact fabrication and manufacturing, which rely on steady product supply.
Steel market chatter this week
Earlier this week, SMU polled steel buyers on an array of topics, ranging from prices, demand, and inventories to tariffs, imports, and evolving market conditions.