Category: Market Segment

Ryerson swung to a profit in the first quarter as it began the integration of Cleveland-based service center chain Olympic Steel.

CFO Martin Jurasek described the first quarter as a “positive inflection point” as strategic initiatives, including the recent Kloeckner acquisition, began to materially lift results.

The export market on the North American East Coast has been firming after seeing a sale that climbed to $415.50 per metric ton (mt) CFR for HMS 85/15.

Klöckner & Co.’s North American business attributed its first quarter losses to reduced shipments, a knock-on effect of its divestment in 8 US-based distribution sites, at the end of 2025.

Ternium SA’s profits more than doubled in the first quarter as work continues to advance at its industrial center in Pesqueria, Mexico.

OCTG imports from China will continue to face US anti-dumping and countervailing duties for at least another five years.

Russel Metals’ earnings jumped in the first quarter as it reported record quarterly shipments and revenue.

Steel traders continue to report strong interest from North American buyers, with their import orders ticking higher, according to our latest survey results. Many manufacturers and service centers, however, report that they have not yet taken the bait.

US steel shipments increased in March from February as well as year over year, the American Iron and Steel Institute said Monday.

Most manufacturing indicators strengthened through March and showed strong positive annual growth.

The agency found sufficient evidence to support the petitioners' allegations of dumping and subsidization and thus took up the case.

POSCO said its negotiations with Cleveland-Cliffs remain active, citing differences in opinions for lagging progress.

The Trump administration's invocation of the Defense Production Act authorizes the Department of Energy to use DPA tools to accelerate construction, expand domestic manufacturing capacity, and shore up critical supply chains – all areas with direct implications for steel.

President Donald Trump has threatened to raise tariffs on auto imports from the European Union to 25% from 15%.

SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February.

Domestic raw steel production increased to a new multi-year high last week, per AISI figures.

Chinese major Baosteel will re-evaluate its investment in a steel plate making joint venture in Saudi Arabia because war in the Middle East has added uncertainties to the project, Baosteel Chairman Zou Jixin said.

The Canadian government has announced CAD$1.5 billion (USD$1.1 billion) in funding available to help companies impacted by US metals tariffs.

The prevailing sentiment for May is that #1 busheling and bundles are likely to increase. This may cause pig iron to continue its upward trajectory.

Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.

I haven’t done a deep dive into our sentiment data for a little while. And it’s timely to do so now. Why? Because we’re seeing what I’ll call the inverted yield curve of steel buyers’ sentiment.

Oregon Steel Mills (OSM) is attempting to push spot plate prices up by a minimum of $60 per short ton (st).

It's cliche to say it. But spring traditionally brings new hope and green shoots—whether that's looking forward to vacations or increased business activity. While I viscerally share these positive feelings, I can’t help but thinking of three areas where I'm not feeling very hopeful. Namely, the US electrical grid, the national debt, and the Iran war.

Ferrosource LLC, a distributor of ferrous metals, is nearing completion of its steel processing facility on the campus of Big River Steel Works (BRSW) in Osceola, Ark. Operations are set to begin in August.

Long products from Algeria are facing the wrath of the US legal system.

AMU: Ford and GM's results show earnings supported by tariff timing and mix, while volumes, inventory, and cash flow point to a constrained supply and uneven demand.

I attended the SAFE Summit in Washington, D.C., earlier this week. It was an out-of-this world event – and I mean that quite literally. There were serious discussions around building data centers in space.

Steel mill lead times continue to hold at or near multi-year highs for both sheet and plate products, territory they have been in two months.

ArcelorMittal’s North American operations posted higher sales results sequentially and year over year (y/y) in its Q1 earnings report.   The North American segment of the Luxembourg-based steelmaker reported 8.3% higher sales in Q1’26 compared with the previous quarter. The steelmaker credits higher average selling prices, up 3.5% from Q4, and a jump in steel shipments, up 5.2%.

Anton Posner, CEO of Mercury Resources, will join Steel Market Update (SMU) and Aluminum Market Update (AMU) for a Community Chat on Thursday, May 14, at 11 am ET.