Category: Market Segment

US raw steel production increased both week over week and year over year in the week ended April 4, according to the latest data from the American Iron and Steel Institute (AISI).

The petitions allege that foreign producers are selling seamless and welded OCTG at unfairly low prices and, in Austria’s case, benefitting from countervailable subsidies.

A Lake Carriers’ Association (LCA) official said iron ore shipments would be delayed by a few weeks on the Great Lakes because of winter weather and a lack of icebreakers. 

The Alliance Steel Family of Companies has hired long-time steel executive Thomas J. Pasko as commercial director. Pasko adds more than three decades of flat-rolled steel experience to Alliance’s leadership team,

Nucor plans to increase its list price for hot-rolled (HR) coil to $1,040 per short ton (st), up $5/st from last week.

At least two major US plate producers - SSAB Americas and Nucor - plan to increase plate prices by at least $60 per short ton (st).

Spot market participants worry that limited availability for certain grades of domestically produced plate will extend lead times even further.  

The Trump administration has implemented changes to its steel and aluminum tariff framework that alter how duties are applied to imported manufactured goods, according to an April 2 presidential proclamation.

Most steel buyers report that mills are not willing to negotiate on new order spot prices, according to our latest market survey. Mill negotiability is now down to one of the lowest rates measured in over a year.

The Commerce Department has launched another duty circumvention inquiry targeting coated steel imports at the request of two US mills.

Algoma Steel Group Inc. released first-quarter earnings guidance, expecting to report a significant decline in shipments and adjusted EBITDA as the steelmaker continues its transition to electric-arc furnace steelmaking.

Ryerson Holding Corp. announced a series of leadership changes to fully align the organization after its recent acquisition of Cleveland-based Olympic Steel.

Metalformers’ economic outlook for the second quarter softened in March, said the Precision Metalforming Association (PMA).

Winter is over now and the scrap landscape is looking a bit less challenging.

POSCO has reiterated its interest in expanding in the US market. The South Korean steelmaker also confirmed it remains in talks with Cleveland-Cliffs Inc.

U.S. Steel has confirmed the restart of the B blast furnace at its Granite City Works near St. Louis.

Worthington Steel has exceeded the minimum share threshold for its acquisition of Kloeckner and Co.

Raw steel production recovered for the second-consecutive week and is now just 14,000 short tons below the four-year high production rate witnessed in mid-February.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.

With global capacity projected to increase by 138 million mt by 2028, the gap between capacity and demand will continue to grow over the next three years. And that assumes the conflict in Iran does not stifle global demand.

U.S. Steel confirmed it is in the process of restarting one of its two Granite City Works blast furnaces. Local media reports suggest iron- and steelmaking will have resumed over weekend.

Worthington Steel reported steady progress on its planned acquisition of Kloeckner & Co., calling the deal a major strategic step as steel markets show early signs of tightening in the US and remain under pressure in Europe.

Most steel buyers see prices continuing to inch higher on stable or improving demand. But some are concerned higher energy prices stemming for the Iran war could dent the overall economy.

The US Department of Commerce has launched two trade investigations to determine if certain corrosion-resistant (CORE) steel imports are being transshipped through Indonesia to avoid paying anti-dumping and countervailing duties (AD/CVDs).

Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.

Worthington Steel reporter lower FY Q3 earnings on what its CEO described as "challenging" macroeconomic conditions.

The galvanized sheet market continued to tighten in March as distributors and service centers reported firm demand, low inventory levels, and rising transportation costs. Participants on the monthly HARDI sheet metal and air-handling call on Wednesday described a market defined by constrained supply and steady upward pricing pressure.

SMU’s Mill Order Index (MOI) eased in February. The result came as a marginal increase in service center intake levels was offset by higher shipments, according to our latest service center inventories data.

Mexico’s Ministry of Economy issued a preliminary ruling in its anti-dumping case on hot-rolled steel from China and Vietnam. The government found evidence of price discrimination and imposed provisional duties on a wide range of hot-rolled flat products, including coils, sheet, strip, and plate.

The public will soon have the opportunity to request Section 232 tariff coverage on imports of automobile parts.