Category: Market Segment

Chicago-based pipe and tube manufacturer Zekelman Industries has appointed Jason Nofziger as its vice president of supply chain, effective May 11.

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.

Steel Dynamics Inc (SDI) has revised their metallic coating extras higher for galvanized, Galvalume, Galfan, and aluminized type 1 products.

US mills' capability utilization hit 81.4% last week, up from 80.4% the week prior and from 76.6% a year ago.

In a May 11 price notice, SSAB upped its transaction prices for new, non-contract plate orders confirmed to ship from June 28 onward.

On Monday, Nucor hiked its spot HR price by $10/ton.

Lewis Leibowitz: Recent rulings suggest courts are reinforcing legal limits on tariff authority.

The Iran war and the blockade of the Strait of Hormuz have sent oil and aluminum prices soaring higher. The impact on steel has been mostly indirect but hardly insignificant – especially when it comes to the costs of moving metal.

The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.  

Sheet market participants found modest spot price increases this past week, but conceded that overall market conditions remained stable.  

A panel of steel executives said bolstering trade also protects it from the Iran war and other geopolitical risks.

Plate market participants expect additional base price hikes from domestic mills, something that has some eyeing imports.

South Korea’s Hyundai and POSCO have chosen Italian mill equipment provider Danieli to build several installations at their proposed steel mill in Louisiana.

Multiple risks continue to cloud the automotive outlook, including semiconductor shortages, tariff uncertainty, weaker demand, policy changes, geopolitical disruption, the war in Iran, supply-chain shocks, protectionism, cost pressures, and intensifying competition.

Following the historical lows seen in recent months, steel import volumes marginally increased in March and April.

The current rally in sheet prices has lasted more than seven months, something without recent precedent. Unless your definition of recent includes the snapback in demand following the pandemic.

Ternium expects steel demand in Mexico to keep improving through the second quarter as destocking fades and new industrial policies take hold.

Ryerson swung to a profit in the first quarter as it began the integration of Cleveland-based service center chain Olympic Steel.

CFO Martin Jurasek described the first quarter as a “positive inflection point” as strategic initiatives, including the recent Kloeckner acquisition, began to materially lift results.

The export market on the North American East Coast has been firming after seeing a sale that climbed to $415.50 per metric ton (mt) CFR for HMS 85/15.

Klöckner & Co.’s North American business attributed its first quarter losses to reduced shipments, a knock-on effect of its divestment in 8 US-based distribution sites, at the end of 2025.

Ternium SA’s profits more than doubled in the first quarter as work continues to advance at its industrial center in Pesqueria, Mexico.

OCTG imports from China will continue to face US anti-dumping and countervailing duties for at least another five years.

Russel Metals’ earnings jumped in the first quarter as it reported record quarterly shipments and revenue.

Steel traders continue to report strong interest from North American buyers, with their import orders ticking higher, according to our latest survey results. Many manufacturers and service centers, however, report that they have not yet taken the bait.

US steel shipments increased in March from February as well as year over year, the American Iron and Steel Institute said Monday.

Most manufacturing indicators strengthened through March and showed strong positive annual growth.

The agency found sufficient evidence to support the petitioners' allegations of dumping and subsidization and thus took up the case.

POSCO said its negotiations with Cleveland-Cliffs remain active, citing differences in opinions for lagging progress.