Category: Market Segment

The final charge of Algoma Steel’s #7 blast furnace occurred on Saturday, as the company transitions to fully electric-arc furnace (EAF) steelmaking.

ArcelorMittal Mexico announced it has restarted the blast furnace at its Lazaro Cardenas steel mill in the state of Michoacan on Mexico's Pacific coast.

US service centers’ flat-rolled steel supply recovered in December, after trending lower from September to November.

Zekelman Industries is transitioning in a new chief financial officer upon the upcoming retirement of current CFO Mike Graham.

SSAB Americas, Nucor, and Oregon Steel Mills all announced higher plate prices on Friday.

Last week, the government of China reported a trade balance of $1.12 trillion in 2025, the largest merchandise trade surplus in history. And this surplus was despite massive tariffs imposed by the United States and other countries, partly in an effort to rein in China’s trade juggernaut.

Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.

The amount of finished steel that entered the US market contracted from September to October, driven primarily by slowing domestic mill shipments, according to SMU’s analysis of Department of Commerce and American Iron and Steel Institute (AISI) data

Worthington Steel has announced it will acquire Germany's Kloeckner & Co, creating second-largest steel service company in North America.

The Commerce Department has released preliminary countervailable subsidy rates in the ongoing rebar trade case.

The volume of steel shipped outside of the country increased 11% from September to October 2025 to a seven-month high of 662,000 short tons (st), according to recently released data from the US Department of Commerce.

Members of the Congressional Steel Caucus met in Washington on Wednesday to assess the state of the domestic steel industry. Lawmakers and industry leaders discussed the importance of Section 232 tariffs, strong trade enforcement, and continued investment in American steelmaking.

There was a fire at an electrical substation “near and owned by Steel Dynamics (Inc.’s) Southwest-Sinton Flat Roll Division,” according to a media report on Wednesday.

Following a $2.1 milli-n outlay to restart operations, Tenaris is reactivating the heat treatment and finishing operations at its EAF mill in Koppel, Pa.

Heidtman Steel Products Inc. and Steel and Pipe Supply Co. have announced a joint venture called Granite City Processing LLC in Granite City, Ill., that commenced on Jan. 1.

The galvanized steel market has kicked off the year with a firmer tone, marked by rising prices, lengthening lead times, and a noticeable shift in buyer sentiment. Service centers and distributors on HARDI’s latest sheet metal and coil handling council call described a market that is not overheating but steadily tightening.

According to recently released final US Commerce Department data, US steel imports rebounded 11% month on month (m/m) in October 2025 after falling to a multi-year low one month earlier. The latest license figures suggest imports eased back by 3% in November and by another 2% in December, with trade again nearing historical lows.

US mills have begun ramping up output after the end-of-year holiday slowdown, according to the latest data from the American Iron and Steel Institute (AISI).

Greer Steel Co. has been purchased by Mutares SE & Co., an international private equity holding company based in Munich.

Nucor’s consumer spot price (CSP) for hot-rolled coil remains unchanged at $950 per short ton (st) for the fourth consecutive week.

As we move into 2026, it’s time to look forward. While the “Donroe Doctrine,” Venezuela, and Greenland absorb significant press attention, important trade developments will also continue to make headlines this year. The unprecedented changes we saw in 2025 will continue in 2026, particularly in the areas of IEEPA and tariffs, USMCA, and the WTO.

Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

The number of oil and gas rigs operating in the US fell this week, while Canadian activity surged, according to the latest data released from Baker Hughes. 

Algoma Steel Group Inc. is preparing to report another significant quarterly loss as it winds down its blast furnace operations and ramps up electric-arc furnace steelmaking.

Steel mill lead times increased for both sheet and plate products this week, according to responses from SMU’s latest market survey.

CMC’s earnings jumped in the company's first fiscal quarter of 2026 on strong market conditions in North America.

Sources in the domestic hot-rolled sheet market say they are standing by for an uptick in customer demand. These service center market participants, located in various regions of the US, expect to handle an influx of customer orders this month. 

The formation of the domestic scrap market for January shipments is underway and only partially settled as of this article's publication. The main point of contention is the price of #1 busheling and bundles.

AZZ Inc. posted record sales in its fiscal third quarter, driven by strong hot-dip galvanizing and coil coating demand tied to infrastructure, energy transition, and data center construction.

The state of Louisiana has purchased 1,700 acres along the Mississippi River from Germania Plantation Inc. for $91 million for Hyundai Steel's proposed EAF operation.