Join SMU for a Community Chat with Barry Zekelman on July 15!
Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.
Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.
Limited spot product and extended lead times continue to characterize the domestic plate market, prolonging upward price pressure.
The US manufacturing sector expanded in June but at a slower pace than the month before, according to the Institute for Supply Management’s (ISM) latest Manufacturing PMI Report.
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.
“Ohio Strip Steel reflects who we are today and where we’re going,” the Dover, Ohio-based company said.
Galvanized sheet buyers and distributors report that strong demand and constrained supply persist, exerting upward pressure on prices.
SSAB Americas, the Greenbrier Companies, and Alter Trading have partnered on a project where recycled materials can be used to make near-zero emissions steel and returned to the supply chain.
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.
Manufacturing activity in New York state increased modestly in June, easing after posting strong growth the month prior, according to the Empire State Manufacturing Survey.
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count figures from Baker Hughes.
SMU’s June 12 Flat-Rolled Steel Buyers’ Survey shows a divided steel community on the effects of President Trump’s tariff policies, emerging but uneven signs of reshoring, and near-universal cost pressures tied to the Iran conflict.
Total heating and cooling equipment shipments declined 5% in April, according to AHRI figures.
Oil and gas drilling activity in Canada picked up over the past week, while drilling in the US remained mostly steady.
SMU’s Steel Buyers’ Sentiment Indices remained strongly optimistic this week and continue to indicate that buyers are confident in their companies’ prospects.
The provisional pact comes 10 days after UAW Local 2093 members went on strike on June 1.
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
Manufacturing picked up in nine of the twelve Federal Reserve districts in May. It was one of the strongest sectors in the Fed’s June 3 Beige Book report.
US steel buyers report firmer domestic demand, but long lead times, rising freight costs, and geopolitical uncertainty continue to cause caution on imports.
The US and Canadian rig counts moved higher as oil and gas drilling picked up in the week ending May 29, according to the latest report from Baker Hughes.
Volume, which is usually a big positive for buyers in price negotiations, has arguably become a net negative.
Galvanized steel buyers and distributors expect tightening supply and rising price pressure to last into summer.
General Motors will launch a new vehicle-assembly project at its Ramos Arizpe Complex as part of the automaker’s previously announced $1 billion investment to strengthen its operations in Mexico.
Architecture firm billings retreated modestly in April, with the American Institute of Architects (AIA) reporting another month below the growth threshold.
Steel trade groups have come out in support of the Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act)
Trading-company sentiment in the May 15 SMU flat-rolled steel buyers survey shows a market split between anecdotal optimism and numerical decline.
Global shipping volatility is tightening its grip on steel supply chains. And the risks are not easing; in fact, they’re escalating, according to Anton Posner, CEO of Mercury Resources.
The US rig count crept higher for a fourth week, while Canada's count held steady for a second, according to the latest data from Baker Hughes.
Total heating and cooling equipment shipments jumped 24% from February to March according to recently released AHRI figures.
FabArc Steel Supply announced it will be leasing a 60,000-square-foot fabrication facility on 29 acres in Decatur, Ala.