Category: Market Segment

Raw steel output from US mills climbed last week to the highest rate seen in over four months, according to the latest American Iron and Steel Institute (AISI) figures

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $965 per short ton (st), up $5/st vs. the prior week.

If forced to choose between Canada and Mexico, many manufacturers are likely to prioritize Mexico as the more important manufacturing hub.

A report on the sheet market this week.

Lower finished steel imports continued to support US domestic prices this month. HR coil prices are up more than $40 per metric ton (mt) month-on-month (m/m) due to higher seasonal demand in January and tightening domestic supply.

Steel mill lead times held steady on most products this week following the surge seen in early January, according to responses from SMU’s latest market survey

The plate market’s swell of optimistic sentiment marking the start of 2026 dissipated this week.  

Just over a third of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price to secure new spot orders.

US steel imports have fallen sharply under the new 50% Section 232 tariff regime. Jerry Richardson, general director of CSN LLC, discussed on an SMU Community Chat this week how the market is now structurally tighter and more volatile than at any point in the past decade.

Altos Hornos de México (AHMSA) announced a proposed schedule and minimum sale price for the auction of the bankrupt steelmaker and its Minera del Norte (MINOSA) operations.

The volume of raw steel produced by US mills grew last week, holding on to the gains seen the prior week, according to the latest figures released by the American Iron and Steel Institute (AISI).

Metallus and the United Steelworkers (USW) have agreed to another tentative four-year contract, the specialty metal producer announced.  

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $960 per short ton (st), up $10/st vs. the prior week.

Cleveland-Cliffs' shuttered tin mill in Weirton, W.Va., caught fire on Saturday as a crew worked to recover scrap metal ahead of the plant's demolition, according to a local news reports.

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.