Category: Market Segment

SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).

The total amount of raw steel produced around the world slipped 3% from October to an estimated 140.1 million metric tons (mt) in November, according to World Steel Association (worldsteel) data. This marks the lowest monthly production rate since December 2023.

Nucor Plate Group notified customers it was aiming to increase all plate product prices by $40 per short ton (st). 

Domestic raw steel production edged lower last week, according to the latest data released by the American Iron and Steel Institute (AISI).

U.S. Steel’s board of directors has approved the funding for the full $350-million Gary Works blast furnace (BF) reline project.

The US Department of Commerce has officially published the anti-dumping and countervailing duty orders on corrosion-resistant steel sheet imports, the final step in the trade case originally filed more than a year ago. At the same time, Commerce also revealed it is allowing some CORE imports into the country without paying the AD or CVDs.

Metalforming manufacturers are more upbeat on the prospect of improved near-term economic activity despite lower shipping levels in December, according to the Precision Metalforming Association’s (PMA) December report.

Nucor raised its weekly hot-rolled coil spot list price by $10 per short ton (st) this week, marking the company's ninth consecutive increase.

Editor’s note This is an opinion column. The views in this article are those of an experienced trade attorney on issues of relevance to the steel market. They do not necessarily reflect those of SMU. We welcome you to share your thoughts as well at smu@crugroup.com. As we close out 2025, my best wishes to all […]

Independent service center Promet Steel Inc. has acquired Heidtman Steel Products' facility in East Chicago, Ind. Terms of the deal, which closed on Dec. 15, were not disclosed.

SMU’s Mill Order Index (MOI) declined in November after surging the month prior. The fall came as service center intake levels sharply declined, supported by a cut in shipments, according to our latest service center inventories data.

Rocky Mountain Steel Mills has begun hot commissioning a universal rail mill at its mini-mill in Pueblo, Colo.

Canadian Prime Minister Mark Carney said the US probably won't reduce tariffs on steel, aluminum, and other goods from Canada anytime soon.

Worthington Steel executives emphasized on an earnings conference call on Thursday that the company’s standout fiscal Q2 performance came from capturing new automotive business, with direct automotive shipments rising 26% year over year.

Worthington Steel reported higher profits and sales in its fiscal second quarter of 2026.

Steel Dynamics Inc. expects its fourth-quarter earnings to be weaker than in the previous quarter, albeit still higher than last year. Longer-than-expected mill outages impacted flat-rolled steel volumes in the quarter.

Posco has confirmed a 20% stake in a joint EAF mill in Louisiana with fellow South Korean firm Hyundai, an investment valued at $582 million.

Nucor has guided to lower earnings sequentially in the fourth quarter but higher on-year.

Apparent steel supply rose to 8.64 million short tons in September, driven primarily by higher domestic mill shipments despite a sharp drop in finished imports.

The European Commission is aiming to have Section 232 tariffs eased on steel and aluminum, with a special eye towards derivative products as well, as it negotiates with the Trump administration, according to a report in Politico on Dec. 15.

Two bids remain for Italy’s shuttered ILVA steelworks, with one belonging to a company headed by steel veteran Alan Kestenbaum, according to a report in Bloomberg.

Martin Baker is joining Hybar as its strategic metallics manager, responsible for further developing the metallics procurement and global strategic initiatives for the Osceola, Ark.-based steelmaker.

US shipments of heating and cooling equipment fell 11% in October from September to the lowest monthly rate of the year, and an eight-year low, according to AHRI.

Following August’s modest 4% uptick, the volume of steel shipped outside of the country slipped 8% in September to 594,000 short tons, according to recently released data from the US Department of Commerce.

SSAB has tapped Tom Cox to lead its Americas division. Currently GM of SSAB Iowa, he'll assume the position of Head of SSAB Americas as of Feb. 1, 2026.

The volume of raw steel produced by US mills ticked higher last week, according to the latest figures published by the American Iron and Steel Institute (AISI).

Chicago-based pipe and tube producer Zekelman Industries has promoted Kevin Heffernan to president of the company's electrical business.

US Congressmen Mike Kelly (R-Pa.) and Chris Deluzio (D-Pa.) have introduced the Strengthening Trade Enforcement and Evasion Limitations Act (STEEL Act) into the House of Representatives. The bipartisan bill aims to curb unfairly traded imports and strengthen US trade enforcement.

Flat rolled = 50.6 shipping days of supply Plate = 52.8 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined for the fourth straight month, reaching 50.6 shipping days of supply on an adjusted basis at the end of November, according to SMU data. Flat roll supply is at its lowest […]

Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) again on Monday, Dec. 15. This was its eighth increase in as many weeks, moving up $65/st over that span.