Category: Market Segment

Reliance Inc. reported record second-quarter tonnages, with 1.62 million tons sold in the second quarter of 2025, a 4% increase year over year (y/y).

Steel Dynamics Inc. (SDI) executives called a 50% tariff on Brazilian pig iron “concerning,” but think tariffs will be a “mainstay” of trade agreements going forward.

SDI profits slipped in second quarter amid trade policy volatility.

Cleveland-Cliffs lost more than $400 million for the third consecutive quarter but predicted results would improve in the second half of the year. And shares of the Cleveland-based steelmaker surged after company executives said during its Q2 earnings call on Monday that they could make billions by courting foreign investors or selling assets.

Industries that use steel in manufacturing employ many more workers than steel production. Raising the cost of steel for these customers will not increase manufacturing employment. In fact, it will probably hit employment hard.

The Chinese government has threatened countermeasures on Canada following the Canadian government's announcement on curbing steel imports, according to media reports.

Canadian Prime Minister Mark Carney has announced new measures to limit steel imports into the country.

The Canada Border Services Agency has terminated a self-initiated dumping investigation of corrosion-resistant steel sheet (CORE) from Turkey.

Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Algoma Steel expects a narrower sequential loss in the second quarter, but the company continues to be impacted by the US tariff situation.

Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.

Business activity in New York state recovered slightly in July, with the Empire State Manufacturing Index seeing its first positive reading in four months.

Trade issues do not seem poised to leave the headlines anytime soon. And as recent developments show, the administration’s tariff policy remains ever-changing.

AZZ Inc. posted record earnings for the first quarter of its 2026 fiscal year on the back of strong infrastructure-related demand and improved operating performance.

The Dodge Momentum Index (DMI) increased again in June, setting a record reading. The surprise result follows three months of little to no growth, according to the latest data released by Dodge Construction Network. Both institutional and commercial projects accelerated in June, further improving the nonresidential construction market. The May DMI rose to 225.1, a […]

Independent galvanizer and coil coater AZZ Inc. has agreed to acquire Canton Galvanizing LLC.

Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.

US Treasury Secretary Scott Bessent told reporters that tariffs for Vietnamese imports to the US are 20% and "specific industries" have trade protections under the Section 232 tariffs.

Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.

Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.

Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.

CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.

Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Canada has implemented tariff-rate quotas (TRQs) on steel imports to help stabilize its domestic market.

US manufacturing activity slowed for a fourth straight month in June. That's a sharp shift after trending up for most of Q1.

Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.

Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.

US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).

Here are the details and a case timeline for the rebar trade case recently initiated by the Commerce Department.

GE Appliances announces $490-million reshoring project in Kentucky.