Category: Market Segment

The public bankruptcy auction for the assets of Altos Hornos de Mexico has been postponed.

Sources in the domestic hot- and cold-rolled coil market said they are beginning to feel prices creeping up this week.  

December supply increased 7% from November to the third-lowest monthly rate of the year.

Plate industry sources said the market has been characterized by three factors lately: fewer domestic mills willing to fulfill spot buys, inconsistent lead times, and erratic demand.

BlueScope Steel has responded to Steel Dynamics Inc. and SGH’s “best and final” offer to take over the steel company. While not outright rejecting a takeover, BlueScope believes the offer is undervalued and remains open to talks.

Trade for many of the sheet and plate products we follow has fallen to multi-year lows through December.

The total amount of raw steel produced around the world recovered 5.5% from December to an estimated 147.3 million metric tons in January, according worldsteel.

With domestic steel prices rising steadily and mill lead times pushing out, import offers are becoming more attractive to US buyers.

Gerdau’s North American operations closed the fourth quarter of 2025 with another solid performance, according to its parent company’s most recent financial report. Supporting the steelmaker are resilient demand in key end-use markets and a continued rebalancing of domestic supply and imports.

Steel imports slowed further in December and January to some of the lowest volumes recorded in recent years.

SMU sits down with JSW Steel USA CEO Rob Simon.

Leaders of the Steel Manufacturers Association (SMA) and the Canadian Steel Producers Association (CSPA) used this year's Tampa Steel Conference to outline the North American steel industry's central challenges: growing pressures, tariff realignments, and the upcoming USMCA review.

Cleveland-Cliffs has appointed Ralph “Mike” Michael III, former chairman of AK Steel, as lead independent director of its board, effective immediately.

SMU’s Steel Demand Index slipped from earlier in the month, but remains above expansion territory, according to late-February indicators.

The amount of raw steel produced by US mills rose to the highest level recorded in over four years, according to AISI's latest figures.

The US Department of Commerce is adjusting the countervailing duties (CVDs) on steel plate imports from Korea.

Volkswagen workers in Chattanooga, Tenn., voted overwhelmingly last week to ratify a labor contract with the United Autoworkers. The deal marks the first union contract for Southern autoworkers outside the “Big Three” Detroit-area automakers.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $990 per short ton (st), up $10/st from last week.

The wait for an answer is finally over (sort of). In a six-to-three decision, the Supreme Court invalidated the Administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs.

On Friday, the Supreme Court released its long-awaited decision on the IEEPA (International Emergency Economic Powers Act) tariffs imposed by president Trump beginning last April. As most of you already know, by a six-to-three majority, the Court ruled against the president.

Ryerson Holding Corp. posted a loss in the fourth quarter and full-year 2025. But the Chicago-based service center group struck an optimistic tone as it began integrating Olympic Steel and is seeing early signs of a manufacturing rebound.

Participants in the domestic sheet market say they experienced lighter inquiries and fewer orders than in previous weeks, rendering domestic mill price increases for spot-market hot- and cold-rolled coils irrelevant.  

The spread between domestic hot-rolled coil and prime scrap prices widened slightly in February. It has been trending in that direction since October.

Nucor Corp. has made an internal promotion and named the new top financial officer of the Charlotte, N.C.-based steel company.

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

SMU’s Mill Order Index (MOI) rose again in January, maintaining momentum from the month prior. The increase came as service center intake levels ticked up, supported by a jump in shipments, according to our latest service center inventories data.

The galvanized steel market is navigating price increases and longer lead times with a surer footing than in prior months.  

Hot rolled and galvanized lead times are about half a week longer than they were three months ago, while production times for cold rolled, Galvalume, and plate products are one to two weeks longer.

Ternium SA closed 2025 under pressure from lower steel prices and softer shipments. But the Latin American steelmaker expects both volumes and margins to improve early in 2026 as Mexico’s trade defenses tighten and US tariff uncertainty begins to settle.

Reliance Inc. reported record tons sold in 2025 as the company’s earnings improved in the quarter.