Category: Market Segment

Tania Archibald will assume the role of managing director and chief executive at the Melbourne-based company as of Feb. 1, 2026.

Nippon Steel is making good on the big capex promises it made to secure its purchase of United States Steel Corp. This week, the Japanese company and American steelmaker together unveiled various capital investments they plan to make across U.S. Steel’s footprint.

Consolidation of its Calvert operation supported ArcelorMittal's North American operations in the third quarter, despite ongoing Section 232 tariffs and outages at facilities in Mexico.

Latin American steelmaker Ternium SA is increasing its stake in Brazilian flat-rolled steel producer Usiminas.

ArcelorMittal Dofasco and Stelco joined recent moves by US mills to push sheet prices higher.

U.S. Steel has unveiled more details of a multi-year growth plan in partnership with Nippon Steel.

Shipments from US steel mills were strong in September, according to the latest figures provided by the American Iron and Steel Institute (AISI).

The volume of raw steel produced by US mills eased last week, according to AISI's latest figures. Prior to this month, output had remained historically strong since June.

U.S. Steel has announced a $75-million capital investment to install a new premium thread line at its Fairfield Tubular Operations in Alabama.

South Korean steelmaker POSCO is set to take at least a 10% stake in Cleveland-Cliffs and invest over $700 million, according to a South Korean media report.

International Resources Holding (IRH) fund, an Emirate enterprise, is rumored to be discussing the purchase of Duferco International Trading Holding (DITH), according to the Swiss-based daily, La Regione.  

US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.

With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.

Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.

Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.

SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.

Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.

Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."

Algoma Steel Group Inc. CEO Michael Garcia will retire at the end of the year, the company said on Tuesday. Rajat Marwah, CFO of the Canadian flat-rolled steelmaker, will be appointed president on Nov. 1 and CEO on Jan. 1.

Executives framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.

Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,

Olympic Steel reported a decline in third-quarter earnings on Tuesday, as the company separately announced its merger with service center giant Ryerson.

National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.

President and CEO Eddie Lehner said Ryerson has faced market headwinds in the third quarter.

Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.

Nucor has pulled the plug on a planned rebar micro mill in the Pacific Northwest.

Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.

Domestic mill production inched higher last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Prior to the start of this month, raw output had remained historically strong since June.

Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.   

US automakers could face production shutdowns in November because of potential supply disruptions at Dutch chipmaker Nexperia. Even a temporary shutdown, as carmakers scramble to procure chips, threatens to drive steel demand lower. Alliance for Automotive Innovation CEO John Bozzella underscored the severity of the situation. “If the shipment of automotive chips doesn’t resume — […]