Category: Market Segment

Following three consecutive weekly increases, raw steel production in the US slipped last week to the third-lowest level recorded this year.

Ryerson chief Eddie Lehner touted the company’s buy of Monroe, Conn.-based Production Metals, which heralds the company’s entry into aerospace.

I joined in a Steel Market Update community chat last week. Predictably, many of the questions concerned the likely results of a Trump or Harris victory in the election. Like most people, I don’t know who will win. But by next week I probably will know. Here is my take, with an emphasis on steel policy. There are a surprising number of similarities between the Democratic and Republican candidates’ positions on steel policy. In part, that is because both candidates are going after the same voters—steel workers, whether unionized or not.

Canada’s Stelco Holdings Inc. is now officially owned by Cleveland-Cliffs Inc.

A spill of liquid steel at a Grupo Simec facility in central Mexico has killed at least 12 workers.

Olympic Steel remained profitable in the third quarter despite strong economic headwinds and pricing pressure across the steel industry.

U.S. Steel said it has produced its first coil at the Big River 2 facility in Osceola., Ark., as the company reported lower profits on-year in the third quarter of 2024.

A strong performance from its logistics segment drove SunCoke Energy’s results higher in the third quarter.

Metalformers in the US and Canada expect a decline in economic activity in the coming months, according to the recently released October Business Conditions Report from the Precision Metalforming Association (PMA). Approximately 37% of surveyed manufacturers anticipate weaker business conditions over the next three months. This rate is up from 31% in September but a […]

Cleveland-Cliffs has received all the required approvals to finalize its $2.5-billion acquisition of Canadian steelmaker Stelco Holdings Inc.

The theme of “unprecedented stability” in pricing predominated among galvanized steel buyers this month.

Cleveland-Cliffs is keeping its market price for HRC flat at $750/short ton with the opening of its December order book.

Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and cut-to-length plate with the opening of its December order book.

After closing the third quarter -3.84% on a y/y basis, our first look at fourth-quarter flatbed spot rates puts us virtually flat y/y, coming in at -0.68%.

Ryerson swung to a loss in Q3 as it navigated a "contractionary" environment in industrial metals and manufacturing.

September marked the lowest month for steel imports so far this year, according to preliminary Census data released by the Commerce Department.

Australia’s BlueScope Steel has lowered its earnings guidance due to challenging conditions in the global steel industry.

Former President Donald Trump repeated his disapproval of U.S. Steel’s sale to a foreign owner in a campaign speech on Sunday.

After stepping down as president and CEO of SSAB, Martin Lindqvist announced he'll also be leaving his position on SSAB's board of directors.

Earlier this month, Nippon Steel announced that it is applying for subsidies under the Japanese government’s Green Transformation Promotion Act to expand the company’s electric furnace steelmaking capabilities and to convert from blast furnace to electric furnace operations. As we have said before, transitioning from blast furnace- to electric furnace-based steelmaking is a good thing […]

Reliance Inc. reported a fall in third-quarter earnings, exacerbated by near-term election and demand uncertainty. With little relief expected through the end-of-year holidays, North America's largest metals service center group is looking ahead to better days in 2025.

Global steel mill output totaled 143.6 million metric tons (mt) in September, the lowest monthly rate recorded this year.

In this Insight piece, CRU economists explore the possible economic effects of Trump's and Harris' agendas.

Swedish steelmaker SSAB said its weaker third-quarter financial performance was due to muted demand, planned maintenance outages, and the continued decline of US plate prices.

The US Department of Commerce is conducting annual administrative reviews of antidumping and countervailing duty (AD/CVD) orders on certain imports of steel pipe and tube.

Nucor isn’t overly concerned with low utilization rates or an oversupplied market, as its investment strategy is for the long term, executives reminded investors on Tuesday.

Heavy equipment manufacturer John Deere blamed soft demand and a reduction in orders for a spate of layoffs in Iowa this year, according to a local report.

Nucor's profits dropped precipitously in the third quarter on lower prices in its steel mills segment as the company expects a continued earnings slide for Q4'24.

The Canadian government announced a remission process for businesses for recently announced tariffs on Chinese steel and aluminum products and electric vehicles .

Nucor is holding its hot-rolled coil consumer spot price at $720/short ton this week.