One third of the steel buyers responding to our market survey this week reported that domestic mills are negotiable on new spot order pricing. Mills began to hold a firmer stance on prices towards the end of last year, tightening their grip in early January and holding it since.
Steel mill lead times marginally declined on sheet products this week but edged higher on plate, according to responses from SMU’s latest market survey. Overall, lead times remain one to two weeks longer than levels seen three months ago.
Sheet market participants said conditions this week were more stable than in past weeks, but they remain cautiously optimistic overall.
SMU’s February ferrous scrap market survey results are now available on our website to all premium members.
Domestic steel shipments rose month-on-month and on-year in December, according to the latest figures from the American Iron and Steel Institute (AISI). At the same time, full-year 2025 shipments increased.
Flat-rolled steel prices inched upward again this week as mixed demand appeared to be offset by limited supplies.
Steel imports remain weak in November and December according to recently released final US Commerce Department data. Many of the sheet and plate products we follow slipped to multi-year lows.
The amount of raw steel produced by US mills eased last week according to the AISI. Production remains strong compared to the multi-month lows seen at the end of the year.
The latest Institute for Supply Management (ISM)’s Manufacturing PMI report found manufacturing activity expanded in January 2026. The preceding 26 consecutive months’ reports showed manufacturing activity in contraction.
The Chicago Business Barometer rose further in January, moving into expansion territory for the first time since November 2023, said MNI and ISM.
Participants in the hot- and cold-rolled coil markets said winter storms in the East and Midwest may disrupt weekly order volumes and prices.
The latest count of operational oil and gas rigs increased in both the US and Canada this week, according to the latest data released from Baker Hughes.
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 […]
All but one of the steelmaking raw materials we track increased in price over the last month
Metalforming manufacturers anticipate strong near-term economic conditions that will give way to increasing orders, according to the Precision Metalforming Association (PMA) Business Conditions Report for January 2026.
The price gap between US hot-rolled coil and landed offshore product inched higher, even as prices stateside and abroad mostly moved in tandem vs. last week.
SMU polled steel buyers on an array of topics earlier this week, ranging from market prices and demand, to inventories, imports, and evolving market events.
What do SMU's latest survey results show about the current market take on tariffs and where HRC prices are going?
Sheet prices mostly continued their uneven but steady march higher this week, according to SMU’s latest check of the market.
Raw steel output from US mills climbed last week to the highest rate seen in over four months, according to the latest American Iron and Steel Institute (AISI) figures
The latest tally of operational oil and gas rigs increased this week in both the US and Canada, according to the latest figures published by Baker Hughes.
SMU columnist Daniel Doderer looks out over the economy as it regards the steel industry.
SMU’s Steel Buyers’ Sentiment Indices both increased this week to multi-month highs
The total amount of raw steel produced around the world slipped 0.4% from November to an estimated 139.6 million metric tons (mt) in December, according worldsteel data.
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
Architecture firms across the US continued to face weak business conditions through the end of 2025, as economic conditions added to the uncertainty, said AIA.
Steel mill lead times held steady on most products this week following the surge seen in early January, according to responses from SMU’s latest market survey
Just over a third of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price to secure new spot orders.
The volume of raw steel produced by US mills grew last week, holding on to the gains seen the prior week, according to the latest figures released by the American Iron and Steel Institute (AISI).
SMU’s sheet price indices climbed to new multi-month highs this week, while plate prices marginally declined.